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Know Your Customer (KYC) Best Practices in Gibraltar

In today’s digital age, it’s crucial for businesses operating in Gibraltar to implement robust Know Your Customer (KYC) and Anti-Money Laundering (AML) solutions. Shufti Pro, a leading provider of real-time identity verification services, has announced its expansion into the Gibraltarian market, offering cutting-edge KYC solutions for local banks, financial institutions, and non-financial businesses.

Compliance Made Easy

Under the guidelines of FATF, MONEYVAL, and OFAC, Shufti Pro’s KYC solution provides businesses with a comprehensive and secure way to verify customer identities. The company’s advanced technology enables real-time document verification, face recognition, and biometric authentication, ensuring that customers are who they claim to be.

Document Verification

Shufti Pro verifies various documents, including:

  • National Identity Cards
  • Passports
  • Driving Licenses
  • Credit/Debit Cards

using a range of technologies such as:

  • OCR (Optical Character Recognition)
  • Machine Learning
  • Artificial Intelligence

The company’s document verification service checks for accuracy, detects tampering or forgery, and authenticates holograms and rainbow prints.

AML Screening

Shufti Pro’s AML services help identify high-risk clients, improve client onboarding with faster PEP screening, and real-time sanction list monitoring. The company uses global watch-lists and updates its AML source data every 15 minutes to ensure the highest level of accuracy.

Customer Due Diligence

Gibraltar is a member of MONEYVAL and FATF, promoting efficient measures for combating money laundering, terrorist funding, and other threats to the integrity of the international financial system. Shufti Pro’s KYC solution is designed to strengthen trustful business relationships by providing accurate customer information and reducing the risk of fraud.

Try it Free

Shufti Pro offers a 7-day free trial, allowing businesses to experience its advanced KYC and AML solutions firsthand. With its user-friendly API integration and real-time verification capabilities, Shufti Pro is poised to revolutionize the way businesses operate in Gibraltar.

By implementing Shufti Pro’s KYC solution, local businesses can ensure compliance with regulations, reduce the risk of fraud, and enhance customer experience. Contact Shufti Pro today to learn more about its KYC best practices in Gibraltar.