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Turkey’s Know Your Customer (KYC) Rules: A Comprehensive Guide

In an effort to combat money laundering, terrorist financing, and other financial crimes, Turkey has implemented strict know your customer (KYC) regulations. The Financial Action Task Force (FATF) has set global standards for combating these threats, which are applicable to organizations operating in all member and non-member countries.

Understanding KYC in Turkey

To comply with Turkish KYC regulations, businesses must verify the identity of their customers through a series of checks. This includes verifying documents such as:

  • Identification cards
  • Passports
  • Driving licenses
  • Credit/debit cards

The checks involve confirming the accuracy of format, detecting tampering or forgery, and verifying holograms and rainbow prints.

Shufti Pro’s KYC Solution for Turkey

Shufti Pro offers a real-time KYC solution for businesses operating in Turkey. Our solution uses machine learning algorithms to verify customer identities in seconds, making it easy to onboard new customers quickly and efficiently. We also offer AML (Anti-Money Laundering) screening services to help businesses identify high-risk clients.

Our Services

Our KYC solution includes the following services:

  • Identity Card Verification: We verify Turkish identity cards issued by the Directorate General Of Migration Management – Ministry of Interior.
  • Passport Verification: We verify Turkish passports issued by the Directorate General Of Migration Management – Ministry of Interior.
  • Driving License Verification: We check the originality of driving licenses issued by the Civilian Police General Directorate of Security and verify licenses from all 81 provinces of Turkey.
  • Credit/Debit Card Verification: We validate credit/debit card details to prevent fraud and charge-back.

How Our Solution Works

Our solution uses a combination of:

  • Document verification
  • Data extraction
  • Face verification
  • Verification status checks

to ensure accurate identity verification. We also offer advanced features such as:

  • Facial recognition
  • 2FA authentication
  • Consent verification
  • AML screening

Benefits

By using Shufti Pro’s KYC solution, businesses can:

  • Reduce manual labor
  • Prevent fraud
  • Increase conversions

Our solution is designed to be easy to integrate with any website or app, making it a seamless addition to your business operations.

Start Your 7-Day Free Trial Today

Get started with our free trial today and see how Shufti Pro’s KYC solution can help you comply with Turkish regulations and improve your customer onboarding process.