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Know Your Customer Due Diligence in Turkey: A Must for Businesses

In today’s digital age, knowing your customer (KYC) due diligence is crucial for businesses operating in Turkey. The Financial Action Task Force (FATF) and other global regulatory bodies emphasize the importance of KYC to prevent money laundering, terrorist funding, and other financial crimes.

The Importance of KYC in Turkey

To help Turkish businesses comply with these regulations, Shufti Pro offers a comprehensive real-time KYC solution that verifies customer identities in seconds. With its easy API integration, businesses can swiftly onboard new customers while ensuring compliance with FATF guidelines.

Identity Verification in Turkey

Shufti Pro’s KYC services in Turkey cover various identity documents, including:

  • Identity cards
  • Passports issued by the Directorate General Of Migration Management – Ministry of Interior
  • Driving licenses issued by the Civilian Police General Directorate of Security
  • Credit and debit cards

Advanced Technology for Accurate Verification

The company’s advanced technology uses machine learning algorithms to verify document authenticity, detect tampering, and ensure accuracy. This includes checks for:

  • Format
  • Holograms
  • Rainbow prints
  • Blurriness
  • Exposure

Additional Features of Shufti Pro’s KYC Solution

Shufti Pro’s KYC solution also provides:

  • Facial recognition verification
  • Data extraction
  • Face verification
  • Verification status tracking

Additionally, the company offers AML (Anti-Money Laundering) screening services to help Turkish businesses identify high-risk clients and improve client onboarding processes.

Compliance with Global Regulatory Standards

As Turkey is associated with FATF, Shufti Pro has expanded its operations to Turkish banks and financial institutions to strengthen trustful business relationships. By leveraging Shufti Pro’s KYC solution, businesses can ensure compliance with global regulatory standards while reducing the risk of financial crimes.

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