Financial Crime World

Title: Shufti Pro Introduces Instant KYC Solutions for Businesses in Faroe Islands

Modernize Your Customer Onboarding Process with Quick, Secure Identity Verification

In the growing digital economy, effective and reliable identity verification is increasingly important. Shufti Pro, a leading identity verification company, is pleased to extend its advanced KYC (Know Your Customer) solutions to businesses in Faroe Islands.

Why Faroe Islands?

  • Faroe Islands, a Danish self-governing state, adheres to international anti-money laundering (AML) and counter-terrorist financing (CTF) regulations set by the Financial Action Task Force (FATF).
  • Compliance with these guidelines is essential for any organization operating within the region.

Instant Verification Services for Faroese Businesses

With Shufti Pro, Faroese businesses can verify the following in real-time:

1. Passport Verification

  • Authenticates Faroese passports
  • Verifies nationality, name, and date of birth
  • Checks the Ministry of Foreign Affairs, Denmark

2. Driving License Verification

  • Validates licenses issued by Danish authorities
  • Verifies format and checks for holograms and rainbow prints

3. Credit/Debit Card Verification

  • Validates card details
  • Reduces fraud and charge-backs risks
  • Provides accurate data for seamless onboarding

4. Address Verification

  • Ensures accurate and up-to-date address information
  • Prevents invalid customer locations and false deliveries

5. Facial Verification

  • Real-time, remote authentication
  • Safeguards against identity theft and fraudulent activities

6. Document Verification and OCR

  • Accurately extracts document details using OCR
  • Authenticates documents across all 29 municipalities and 6 regions

7. 2FA Authentication

  • Streamlines customer onboarding with two-factor authentication
  • Verifies users through a unique mobile confirmation process
  • Ensures transactions are authorized and secure
  • Uses selfie verification and message confirmation services

AML Services for Faroese Financial Institutions and Non-Financial Businesses

  • Shufti Pro offers enhanced AML solutions
  • Swiftly identifies high-risk clients
  • Integrates FATF, EU, OFAC, HMT, Interpol, and other relevant watchlists

Begin Your Free Trial with Shufti Pro

  • Experience efficient KYC and AML solutions
  • Adhere to international regulations
  • Enhance trust with your clients

Start your 7-day free trial now.