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Dominican Republic KYC: Know Your Customer Services for Businesses
In the Dominican Republic, businesses are increasingly adopting Know Your Customer (KYC) and Anti-Money Laundering (AML) practices to prevent financial crimes and ensure a secure digital ecosystem. Shufti Pro, a leading identity verification service provider, offers comprehensive KYC solutions tailored to meet the specific needs of Dominican banks, financial institutions, and non-financial businesses.
Real-Time Identity Verification for Dominican Republic
Shufti Pro’s advanced technology enables real-time identity verification for individuals and businesses in the Dominican Republic. Our AI-powered system assesses various identification documents, including ID cards, passports, driving licenses, and credit/debit cards, to authenticate customers and prevent identity theft.
Document Verification Services
Our document verification services for the Dominican Republic include:
- ID Card Verification: We check for accuracy of format, detect crumpled/folded edges, and verify hologram/rainbow print.
- Passport Verification: We match name, DOB, and expiry date with MRZ, detect fakeness through font/holograms, and check for accuracy of format.
- Driving License Verification: We check for accuracy of format, detect crumpled/folded edges, and verify hologram/rainbow print.
- Credit/Debit Card Verification: We validate name, expiration/issue date, card number, and check for accuracy of format.
How Our Identity System Works
Our identity system consists of six distinct services:
- Document Verification
- Data Extraction
- Face Verification
- Verification Status
- Facial Verification
- Address Verification
These services work together to provide a comprehensive and secure identity verification solution for businesses in the Dominican Republic.
AML Services for Dominican Businesses
Shufti Pro’s AML services help identify high-risk clients, improve client onboarding with faster PEP screening, and real-time sanction list monitoring. Our AML source data is updated every 15 minutes, ensuring that our watch lists are always up-to-date.
Customer Due Diligence in Dominican Republic
The Dominican Republic is a member of GAFILAT, which promotes efficient measures for combating money laundering, terrorist funding, and other threats to the integrity of the international financial system. Shufti Pro has expanded its operations to meet the specific needs of Dominican banks, financial institutions, and non-financial businesses.
Start Your 7-Day Free Trial Now!
Shufti Pro offers a 7-day free trial for businesses looking to implement KYC solutions in the Dominican Republic. Sign up now and experience the benefits of our comprehensive identity verification services.