Financial Crime World

Bolivia Introduces Know Your Customer (KYC) Guidelines: Shufti Pro Offers Real-Time Identity Verification

In a bid to strengthen the country’s financial system and prevent money laundering, Bolivia has implemented Know Your Customer (KYC) guidelines for businesses operating in the country. As a result, organizations are now required to conduct thorough customer due diligence, verify identities, and authenticate documents.

Shufti Pro: A Leading Provider of KYC Solutions

Shufti Pro is proud to offer real-time identity verification services in Bolivia, catering to the needs of banks, financial institutions, e-commerce platforms, and online service providers. Our cutting-edge technology enables businesses to onboard customers quickly and securely while complying with the country’s KYC regulations.

KYC, KYB, and AML Solutions

Under the guidelines of FATF, MONEYVAL, and OFAC, Shufti Pro provides comprehensive KYC services that include:

  • Identity Verification: Verify customer identities through national ID cards, passports, driving licenses, and credit/debit cards.
  • Document Verification: Authenticate documents to prevent identity theft and ensure accuracy.
  • Data Extraction: Extract relevant information from verified documents.
  • Face Verification: Use facial recognition technology for secure authentication.

Compliance with Bolivian Regulations

Shufti Pro is committed to helping businesses in Bolivia comply with the country’s KYC regulations. Our services are designed to meet the requirements of the Financial Action Task Force (FATF) and the GAFILAT, ensuring that our clients operate within the bounds of the law.

Benefits of Using Shufti Pro

By partnering with Shufti Pro, businesses in Bolivia can enjoy:

  • Fast Onboarding: Verify customer identities in real-time.
  • Secure Authentication: Use advanced technology to prevent identity theft and ensure accuracy.
  • Compliance: Meet the country’s KYC regulations and avoid penalties.
  • Improved Customer Experience: Enhance customer trust and satisfaction through secure and seamless onboarding.

Get Started with Shufti Pro Today

Don’t let regulatory compliance hold you back. Start your 7-day free trial now and experience the benefits of using Shufti Pro’s KYC solutions in Bolivia. Contact us to learn more about our services and how we can help your business thrive.