Shufti Pro: Leading the Charge against Money Laundering and Financial Crime in Faroe Islands

As the digital economy continues to flourish in Faroe Islands, financial institutions and businesses are under increasing pressure to mitigate the risks of money laundering and financial crime. Shufti Pro, a leading provider of advanced KYC (Know Your Customer) and AML (Anti-Money Laundering) solutions, is now officially available for businesses operating in this Nordic archipelago.

Seamless Integration and Compliance

Shufti Pro’s easy-to-integrate API makes it simple for Faroese businesses to verify identities and onboard new clients in real-time, all under the guidelines of FATF (Financial Action Task Force) and OFAC (Office of Foreign Assets Control).

Document Verification

Passport Verification: With state-of-the-art document verification, Shufti Pro checks the format, holograms, and MRZ of Faroese passports. It also detects tampered, forged, or photoshopped documents.
Driving License Verification: The driving license verification process ensures the originality of documents issued by the Danish Police in Faroe Islands. Shufti Pro detects crumpled, folded edges and checks for photoshopped or forged cards.

Advanced Services

Credit/Debit Card Verification: By verifying card numbers, issuance and expiration dates, and holograms, businesses minimize the risks of fraud and chargebacks.
Facial Recognition Technology: Shufti Pro’s identity verification system provides next-generation remote authentication for businesses across Faroe Islands.
Address Verification Services: Helps protect businesses from false delivery and invalid customer locations, preventing fraud and chargebacks.

Shufti Pro’s consent verification service enables businesses to authenticate their customers and transactions in real-time, adding an extra layer of security against identity theft and financial crime.

Language Support and Accuracy

Addressing the issue of OCR (Optical Character Recognition) complexity with Danish and Faroese language, Shufti Pro offers a solution with 98.67% accuracy.

AML Screening Services

With AML screening services integrated into its platform, Shufti Pro helps Faroese banks and businesses identify high-risk clients, streamline the onboarding process, and monitor real-time sanction lists.

Start Your Free Trial

To experience the power of Shufti Pro’s KYC and AML solutions, businesses in Faroe Islands can start with a 7-day free trial.

Key Features and Benefits

Real-time Identity Verification: Quickly and accurately verify your customers’ identities to help prevent fraud and identity theft.
Efficient Document Check: Save time and resources by automating the document verification process.
Secure Transactions: Minimize the risks of fraud and chargebacks by verifying credit/debit cards and addressing.
Regulatory Compliance: Stay informed of regulatory changes in Faroe Islands’ financial sector and maintain compliance.
Fraud Prevention: Detect and prevent fraud before it becomes a potential issue for your business.

API and Integrations

Shufti Pro’s API can be integrated with various platforms, including CRMs, ERPs, and other business applications, making the verification process more efficient and convenient.

Kyc and Aml Solutions

Identity Verification: Verify users’ identities in real-time to enhance security and reduce the risk of fraud.
Document Verification: Confirm the authenticity of users’ documents, such as passports, ID cards, and driving licenses.
Address Verification: Validate customers’ addresses to ensure safe deliveries and prevent fraud.
AML Screening: Identify high-risk clients, comply with regulations, and prevent financial crime.

To learn more about Shufti Pro and how it can improve your business’ security and compliance, visit their website: www.shuftipro.com