Liechtenstein Adopts Strict KYC Regulations to Combat Financial Crimes

The Principality of Liechtenstein has strengthened its anti-money laundering (AML) regulations, mandating financial institutions and businesses to implement robust Know Your Customer (KYC) procedures.

Guidelines for Remote Onboarding

The country’s Financial Market Authority (FMA) has issued guidelines for institutions to onboard clients remotely through video identification. This move is aimed at preventing identity theft and ensuring the integrity of online transactions.

Shufti Pro Launches Video KYC Services in Liechtenstein

As part of its efforts, Shufti Pro has launched Video KYC services in Liechtenstein, enabling organizations to conduct seamless and secure onboarding operations.

KYC Regulations in Liechtenstein

The FMA’s guidelines require institutions to verify the identity of clients through video identification. This involves authenticating a client’s face and address using advanced facial recognition technology and address verification tools.

Shufti Pro’s Comprehensive KYC Solutions

Shufti Pro offers a comprehensive suite of KYC solutions, including:

Facial Verification: Advanced facial recognition for remote authentication
Document Verification: Authentication of government-issued documents to prevent identity theft
Address Verification: Prevents false deliveries and invalid customer locations
2FA Authentication: Easy and frictionless customer onboarding through two-factor-authentication
Consent Verification: Real-time verification of customers and transactions using biometric consent

AML Screening for Liechtenstein Businesses

Shufti Pro provides AML services to 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 source data every 15 minutes.

Customer Due Diligence in Liechtenstein

Liechtenstein’s FATF membership through MONEYVAL promotes efficient measures for combating money laundering, terrorist funding, and other threats to the international financial system. Shufti Pro has expanded its operations to Liechtenstein banks and financial businesses to strengthen trustful business relationships.

Strengthening Trustful Business Relationships

Shufti Pro offers a comprehensive suite of KYC solutions designed to help organizations in Liechtenstein comply with AML regulations. The company’s expertise in video identification, facial verification, document verification, address verification, 2FA authentication, and consent verification enables businesses to onboard clients securely and efficiently.

Benefits of Implementing Shufti Pro’s KYC Solutions

By implementing Shufti Pro’s KYC solutions, organizations can:

Ensure the integrity of online transactions
Prevent identity theft and fraud
Comply with AML regulations
Build trustful business relationships

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Take advantage of Shufti Pro’s comprehensive suite of KYC solutions and start your 7 days free trial today.