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KYC Verification Process Simplified in Bhutan

In an effort to combat financial crimes and promote transparency in business transactions, the Kingdom of Bhutan has implemented a Know Your Customer (KYC) verification process. This initiative aims to ensure that all businesses operating in the country adhere to strict anti-money laundering (AML) regulations.

Introducing Shufti Pro: A Real-Time KYC Solution

Shufti Pro, a leading identity verification service provider, has launched its KYC solution for Bhutanese businesses. The company offers real-time verification of customer identities using a range of documents including National Identity Cards, Passports, Driving Licenses, and Credit/Debit Cards.

Document Verification Services

Shufti Pro’s document verification services include:

  • ID Card Verification: Verifies the accuracy of format, detects crumpled or folded edges, checks for photoshopped or tampered cards, verifies hologram or rainbow print, and detects blurriness or exposure.
  • Passport Verification: Matches name, date of birth, and expiry date with MRZ, detects fakeness through font and holograms, checks accuracy of format, detects crumpled or folded edges, identifies photoshopped or tampered images, verifies hologram or rainbow print, and checks blurriness or exposure.
  • Driving License Verification: Checks accuracy of format, detects crumpled or folded edges, checks for photoshopped or tampered cards, verifies hologram or rainbow print, and detects blurriness or exposure.
  • Credit/Debit Card Verification: Validates name, validates expiration or issue date, validates card number, checks accuracy of format, checks for photoshopped or tampered cards, verifies hologram or rainbow print, and detects blurriness or exposure.

How Our Identity System Works

Shufti Pro’s identity verification system works by:

  • Document Verification: Scans and authenticates documents in real-time.
  • Data Extraction: Extracts relevant data from verified documents.
  • Face Verification: Uses next-generation facial recognition technology for remote authentication.
  • Verification Status: Provides instant verification status.

Benefits of Shufti Pro’s KYC Solution

Shufti Pro’s KYC solution offers several benefits, including:

  • Fast and Secure Identity Verification
  • Compliance with FATF, APG, and OFAC Guidelines
  • Reduced Risk of Fraud and Identity Theft
  • Improved Customer Onboarding Process

Start Your 7-Day Free Trial Today!

To learn more about Shufti Pro’s KYC solution for Bhutanese businesses, please visit our website. We offer a 7-day free trial to help you experience the benefits of our real-time identity verification services firsthand.