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Shufti Pro: Your Trusted Partner in Document Verification
As a leading provider of document verification services, Shufti Pro is committed to helping businesses verify the authenticity of documents submitted by their customers. Our specialized service utilizes advanced technology to perform checks on security features such as holograms, tapered/crumpled edges, doctored elements, form inconsistencies, document expiration, MRZ, reflected colors, and microprinting.
Documents Required for Verification
Identity Verification
In Namibia, proof of identity is required to verify an individual’s identity. The following documents are accepted:
- Identity Card
- Passport
- Driving License
Address Verification
For address verification, the following documents are considered valid:
- A current utility bill (gas, electricity, telephone, or mobile phone bill) issued no more than three months ago with the end-user’s address and name.
- Government department-issued document containing the end-user’s address and name.
- Bank statement not older than three months with the end-user’s address and name.
Timing of Verification
Identity verification is not a one-time, one-instance process. It is required in multiple instances as per recommendations. The application and choice of when to deploy identity verification procedures depend on your requirements and conveyance to Shufti Pro.
- Pursue identity verification when onboarding a new customer.
- Apply identity verification as per the monetary thresholds defined in Namibia’s regulations if dealing with transaction data.
- Identity verification becomes more important to employ if you face higher risks from your customers.
Politically Exposed Persons and EDD Measures
As per Enhanced Due Diligence requirements under Namibia’s regulations, you are required to determine if your customer is a Politically Exposed Person (PEP), holds a public office, or exhibits a higher risk profile. Shufti Pro provides an AML Screening service that screens an individual’s selected ID attributes of name and date of birth against watchlists of global regulatory authorities, foreign and domestic databases, compromised PEPs, and sanctioned individuals.
- The service highlights the category of the PEP based on the degree of risks they pose and also any immediate family member or a close associate of the PEP.
- You may utilize such services as per your requirements, including before or after establishing a relationship with your customer.
Reliance on External Services
Namibia’s regulation states that you may seek the services of a third party to apply measures of due diligence. Regulations also require you to collect all such data (Diligence Information) from the third party without undue delay. In this scenario, Shufti Pro will be the external third-party service provider to you.
Record Retention
As per Namibia’s regulation, you are required to retain data for not less than five years. These records are part of your AML and KYC obligations for due diligence. In the case where this information is processed, collected, and managed by a relevant third party, you are liable to collect all such necessary information (Due Diligence Data) from the third party without undue delay.
Conclusion
By partnering with Shufti Pro, you can ensure compliance with Namibia’s regulations and maintain your reputation as a responsible business. Our expert team is dedicated to providing you with reliable and efficient document verification services. Contact us today to learn more about how we can help you achieve compliance and grow your business.