Financial Crime World

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Fraud Detection Tools and Techniques in Sao Tome and Principe: A Game-Changer for Businesses

In a bid to curb financial crimes and ensure secure online transactions, Shufti Pro has introduced real-time KYC (Know Your Customer) and AML (Anti-Money Laundering) solutions specifically designed for Sao Tome and Principe.

Advanced Identity Verification System

Shufti Pro’s advanced identity verification system uses a combination of six distinct services:

  • Facial recognition
  • Document authentication
  • Address verification
  • 2FA (Two-Factor Authentication)
  • Consent verification
  • AML screening

This comprehensive approach ensures that online transactions are secure and trustworthy.

Verifying Documents

The company verifies various documents issued by the Government of Sao Tome and Principe, including:

  • Passports
  • Driving licenses
  • Credit/debit cards

Its state-of-the-art technology detects fraudulent activities by checking for accuracy of format, detecting crumpled or folded edges, identifying photoshopped images, verifying holograms, and more.

Compliance with International Guidelines

Shufti Pro’s KYC services are designed to meet the guidelines of:

  • FATF (Financial Action Task Force)
  • ESAAMLG (Eastern and Southern Africa Anti-Money Laundering Group)
  • OFAC (Office of Foreign Assets Control)

The company’s AML screening service uses global watch-lists and updates its data every 15 minutes.

Benefits

The benefits of Shufti Pro’s fraud detection tools and techniques in Sao Tome and Principe are numerous:

  • Reduced manual labor
  • Prevention of fraud and charge-backs
  • Increased conversions
  • Frictionless digitization process

Optical Character Recognition (OCR) for Portuguese Language

In addition to its advanced identity verification services, Shufti Pro also offers Optical Character Recognition (OCR) for the Portuguese language with an accuracy rate of 98.67%. This feature enables businesses to extract characters from complex documents with ease.

Global Presence and Expertise

With its global presence and expertise in AML screening, Shufti Pro is well-positioned to support:

  • Banks
  • E-commerce platforms
  • E-payments services
  • Ride-sharing companies
  • Online service providers operating in Sao Tome and Principe

Get Started

To learn more about Shufti Pro’s fraud detection tools and techniques in Sao Tome and Principe, businesses can start a free trial or visit the company’s website.