Latvia’s KYC Solution: Shufti Pro Brings Identity Verification to the Forefront
Strengthening Financial Regulations with Know Your Customer (KYC)
In a bid to strengthen financial and capital market regulations, Latvia has implemented the Know Your Customer (KYC) process, a critical anti-money laundering (AML) measure. Shufti Pro, a leading identity verification solution provider, is proud to offer its KYC services in Latvia, ensuring businesses can onboard customers securely and efficiently.
Meeting Regulatory Requirements with Real-Time Verification
Under the guidelines of the Financial Action Task Force (FATF), MONEYVAL, and OFAC, Shufti Pro’s real-time KYC service verifies identities against a comprehensive database of watchlists and sanctions. This ensures that financial institutions and businesses operating in Latvia can meet regulatory requirements while minimizing risk.
Advanced Identity Verification System
Shufti Pro’s advanced identity verification system scans and authenticates Latvian ID cards, passports, driving licenses, and credit/debit cards down to the last pixel. The solution detects forgery, tampering, and photoshopped documents, providing accurate and reliable verification results.
Robust System Designed for Latvia’s Financial Sector
The company’s KYC services are designed to meet the specific needs of Latvia’s financial sector. Shufti Pro has developed a robust system that verifies customer identities in real-time, reducing manual labor and preventing fraud.
Streamlined Onboarding Process
Latvian businesses can now integrate Shufti Pro’s identity verification solution into their websites or apps, using a simple code snippet to authenticate customers and ensure regulatory compliance.
Additional Services for Enhanced Security
To further enhance the onboarding process, Shufti Pro offers additional services, including:
- Facial recognition
- Document authentication
- Address verification
- Two-factor authentication
- Consent verification
- AML screening service identifies high-risk clients and screens against global watchlists in real-time
KYC Solution for Various Industries
Shufti Pro’s KYC solution is designed to meet the needs of various industries, including:
- Banks
- E-commerce platforms
- Ride-sharing services
- Online service providers
Start Your 7-Day Free Trial Today!
To learn more about Shufti Pro’s identity verification solutions and start your 7-day free trial, visit their website. With Shufti Pro, businesses in Latvia can ensure secure and compliant customer onboarding, reducing the risk of identity theft and fraud.