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Enhancing Due Diligence Measures for Businesses in Samoa
Date: March 10, 2022
Shufti Pro, a leading identity verification and anti-money laundering (AML) solution provider, has introduced enhanced due diligence measures to help businesses operating in Samoa comply with regulatory requirements and prevent financial crimes.
Enhanced Due Diligence Services
Under Samoan regulations, businesses are required to perform due diligence on their customers and maintain records of all transactions. Shufti Pro’s Enhanced Due Diligence (EDD) services include:
- Advanced Identity Verification: Uses machine learning algorithms and biometric data to verify the identities of customers, ensuring that only legitimate individuals gain access to financial services.
- Politically Exposed Person (PEP) Screening: Screens customer data against global watchlists and databases to identify individuals who may pose a higher risk due to their political connections or public office.
- Real-time Monitoring of Suspicious Transactions: Provides real-time monitoring to detect and prevent suspicious transactions.
“We understand the importance of maintaining a secure and compliant business environment in Samoa,” said [Name], CEO of Shufti Pro. “Our EDD services are designed to provide businesses with a robust framework for identifying and mitigating risks associated with money laundering and terrorist financing.”
Record Retention Solutions
In addition to its EDD services, Shufti Pro also offers record retention solutions, which enable businesses to store and manage transaction data for at least five years. The company’s solution is designed to ensure that all necessary information is collected and retained in compliance with Samoan regulations.
“We believe that our Enhanced Due Diligence services will provide a significant advantage to businesses operating in Samoa,” said [Name]. “By using our solutions, companies can demonstrate their commitment to regulatory compliance and reduce the risk of financial crimes.”
Availability
Shufti Pro’s EDD services are available now and can be integrated into existing business operations. For more information, please contact [Company Representative] at [Email Address] or visit the company’s website at [Company Website].