Financial Crime World

GESTURES: A CRUCIAL ASPECT OF LIVENESS CHECK

In the world of online transactions, gestures play a vital role in verifying an individual’s identity and address. As part of Shufti Pro’s comprehensive liveness check system, our specialized Document Verification service ensures that documents submitted are authentic and legitimate.

Documents Required for Verification

According to Suriname’s regulations, the following documents are considered as proof of identity:

  • Identity Card
  • Passport
  • Driving License
  • Another document valid in the country of origin that meets the statutory requirements

For address verification, a current utility bill (issued no more than three months ago) or bank statement showing the end-user’s address and name are acceptable.

Timing of Verification

Identity Verification is not a one-time process, but rather a recurring procedure required by Suriname’s regulations. It should be conducted in multiple instances, depending on your requirements and conveyance to Shufti Pro. This includes verifying identity:

  • When onboarded as a new customer
  • During transactions exceeding monetary thresholds defined in the country’s regulation

Politically Exposed Persons and EDD Measures

As per Suriname’s Enhanced Due Diligence (EDD) requirements, you are required to determine if your customer is a Politically Exposed Person (PEP), holds a public office, or exhibits a higher risk profile. Shufti Pro provides an AML Screening service that screens selected ID attributes against watchlists of global regulatory authorities and domestic databases. This service highlights the category of the PEP based on the degree of risks they pose.

Relationship with Third-Party Services

Suriname’s regulations allow you to seek the services of a third-party provider to apply measures of due diligence. However, it is essential to:

  • Collect all data from the third party without undue delay
  • Maintain compliance with AML and KYC obligations

Record Retention

According to Suriname’s regulations, you are required to retain data for not less than seven years as part of your AML and KYC obligations. In cases where this information is processed, collected, or managed by a relevant third-party provider, you must:

  • Collect all necessary information without undue delay

By implementing Shufti Pro’s comprehensive liveness check system, you can ensure compliance with Suriname’s regulations and maintain a secure online transaction environment.