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Faroese Islands: Preventing Check Fraud with Shufti Pro’s Real-Time KYC Solution

In a bid to combat check fraud and strengthen financial integrity in the Faroe Islands, Shufti Pro has launched its real-time Know Your Customer (KYC) solution for the region. This innovative service enables businesses operating in the islands to verify customer identities and conduct anti-money laundering (AML) checks seamlessly.

A Comprehensive KYC Solution

Shufti Pro’s KYC solution is designed to ensure that businesses in the Faroe Islands can conduct efficient and secure customer onboarding processes. The solution verifies a range of identity documents, including:

  • Passports
  • Driving licenses
  • Credit/debit cards

using advanced machine learning algorithms and optical character recognition (OCR) technology.

Advanced Document Verification

The service boasts 98.67% accuracy in extracting characters from Danish and Faroese language-based documents, making it an ideal solution for businesses operating in the region. Shufti Pro’s document verification capabilities also detect forged or tampered images, ensuring that customers are genuine and trustworthy.

AML Screening for Faroe Islands Businesses

Shufti Pro’s AML services for Faroe Islands businesses help identify high-risk clients, improve client onboarding with faster PEP screening, and monitor real-time sanction lists. The solution utilizes global watchlists, including:

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

to ensure that all transactions are secure and compliant.

Trusted by Major Industries

Shufti Pro has established itself as a trusted identity verification provider across various industries, including:

  • Banks
  • E-commerce platforms
  • Ride-sharing services
  • Online service providers

The company’s advanced KYC solution is designed to cater to the unique needs of businesses operating in the Faroe Islands, ensuring that they can conduct secure and efficient transactions.

Start Your 7-Day Free Trial Today

To learn more about Shufti Pro’s real-time KYC solution for the Faroe Islands and how it can benefit your business, start a 7-day free trial today. With Shufti Pro, you can ensure that your business is compliant with AML regulations while also enhancing customer onboarding processes and reducing fraud risks.