Financial Crime World

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Virgin Islands Businesses Gain Real-Time KYC and AML Compliance with Shufti Pro

In a move aimed at strengthening trustful business relationships and combating financial crimes in the Virgin Islands, U.S., Shufti Pro has launched its real-time Know Your Customer (KYC) and Anti-Money Laundering (AML) solutions for businesses operating in the region.

Compliance with Regulatory Requirements

Under the guidelines of the Financial Action Task Force (FATF), Caribbean Financial Action Task Force (CFATF), and Office of Foreign Assets Control (OFAC, Shufti Pro’s KYC services provide a comprehensive identity verification system that helps businesses onboard new customers faster while ensuring compliance with regulatory requirements.

Document Verification Services

Shufti Pro offers a range of document verification services, including:

  • Passport verification: checks for accuracy of format, detects fakeness through font and holograms, and verifies hologram and rainbow print
  • Driving license verification: issued by the U.S Department of Motor Vehicles, checks for accuracy of format, detecting crumpled or folded edges, and verifying hologram and rainbow print

Additional KYC Services

In addition to document verification, Shufti Pro’s KYC services include:

  • Credit/debit card verification: validates name, expiration/issue date, card number, and checks for accuracy of format

AML Solutions

Shufti Pro’s AML solutions help businesses identify high-risk clients, improve client onboarding with faster Politically Exposed Persons (PEP) screening, and real-time sanction list monitoring. The company uses a range of global watch lists, including:

  • FATF
  • EU
  • OFAC
  • HMT
  • Interpol
  • Others

Benefits for Businesses

Shufti Pro’s KYC and AML solutions are designed to help businesses operating in the Virgin Islands, U.S., strengthen trustful business relationships while minimizing the risk of financial crimes. The company offers a range of services, including:

  • Facial verification
  • Document verification
  • Address verification
  • Two-factor authentication
  • Consent verification
  • Automated AML screening

7-Day Free Trial

Businesses operating in the region can sign up for Shufti Pro’s 7-day free trial to experience its real-time KYC and AML solutions firsthand.