Financial Crime World

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Customer Due Diligence Requirements in French Polynesia: A Key Player in the Fight Against Financial Crime

French Polynesia, a territory of France and a member of the Financial Action Task Force (FATF), has implemented customer due diligence requirements to combat money laundering, terrorist financing, and other financial crimes. The country’s financial institutions and businesses must adhere to these regulations to maintain trustful business relationships and avoid sanctions.

Shufti Pro Expands Operations in French Polynesia

Shufti Pro, a leading provider of Know Your Customer (KYC) and Anti-Money Laundering (AML) solutions, has expanded its operations to French Polynesia to support local banks and businesses in meeting their customer due diligence requirements. The company’s advanced KYC and AML solutions enable financial institutions and non-financial businesses to verify the identity of their customers quickly and accurately.

Services Offered by Shufti Pro

  • Document verification
  • Data extraction
  • Facial recognition
  • 2-factor authentication
  • Consent verification
  • AML screening

Shufti Pro’s OCR technology for the French language has an accuracy rate of 98.67%, making it a reliable partner for businesses operating in French Polynesia.

Customer Due Diligence Requirements Based on FATF Guidelines

French Polynesia’s customer due diligence requirements are based on FATF guidelines, which promote efficient measures for combating money laundering, terrorist funding, and other threats to the integrity of the international financial system. Shufti Pro’s AML services for French Polynesia help identify high-risk clients, improve client onboarding with faster PEP screening, and real-time sanction list monitoring.

Identity Verification Services

In addition to its KYC and AML solutions, Shufti Pro offers a range of identity verification services, including:

  • ID card verification
  • Passport verification
  • Driving license verification
  • Credit/debit card verification

These services enable businesses to digitize their operations, reduce manual labor, prevent fraud, and increase conversions.

Get in Touch

For more information about Shufti Pro’s customer due diligence requirements in French Polynesia, please contact us today.