Financial Crime World

Here is the rewritten article in markdown format:

Austria’s Digital Identity Verification Solution: Shufti Pro

======================================================

In an effort to combat money laundering and terrorist financing, Austria has implemented strict regulations for businesses operating within its borders. To meet these requirements, companies must adhere to Know Your Customer (KYC) and Anti-Money Laundering (AML) protocols.

Shufti Pro: The Leading Digital Identity Verification Solution


Shufti Pro is a cutting-edge digital identity verification solution that offers a comprehensive suite of services designed specifically for Austrian businesses. With its advanced technology, Shufti Pro provides real-time KYC and AML solutions, ensuring compliance with regulations set by the Financial Action Task Force (FATF) and the Office of Foreign Assets Control (OFAC).

Verifying Identities in Seconds


Shufti Pro’s platform uses artificial intelligence and machine learning algorithms to verify identities in seconds. The solution can be easily integrated into existing systems, allowing businesses to onboard new customers quickly and efficiently.

Verified Documents: A Key Component of Shufti Pro’s Solution


Shufti Pro verifies various documents, including:

  • National Identity Cards (Personalausweis)
  • Passports issued by the Magistratische Bezirksämter (Municipal District Office)
  • Driving Licenses
  • Credit/Debit Cards

How Shufti Pro Verifies Documents


Shufti Pro’s document verification process involves a series of checks, including:

  • Accuracy of format
  • Detection of crumpled or folded edges
  • Verification of hologram and rainbow print
  • Detection of blurriness and exposure

Shufti Pro’s platform also offers additional features, such as:

  • Address Verification to protect businesses from false deliveries and invalid customer locations
  • 2FA Authentication for easy and frictionless customer onboarding
  • Consent Verification using biometric consent and Selfie Verification

AML Screening: Identifying High-Risk Clients


Shufti Pro’s AML services help Austrian businesses identify high-risk clients, improve client onboarding with faster PEP screening, and real-time sanction list monitoring.

Austria’s Membership in the FATF: Strengthening Trustful Business Relationships


As a member of the Financial Action Task Force (FATF), Austria 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 Austrian Banks, as well as financial and non-financial businesses to strengthen trustful business relationships.

Start Your 7 Days Free Trial Now!


To learn more about Shufti Pro’s digital identity verification solution for Austrian businesses, start your 7 days free trial today.