Slovakia’s KYC Landscape: Understanding the Requirements

The Financial Action Task Force (FATF) and MONEYVAL have implemented guidelines for combating money laundering, terrorist financing, and other threats to the integrity of the financial system in Slovakia. To comply with these regulations, businesses operating in the country must adhere to Know Your Customer (KYC) procedures.

Shufti Pro: A Trusted KYC Solution for Slovakia

Shufti Pro offers real-time identity verification services that enable businesses to verify customer identities and onboard them quickly while ensuring compliance with Slovakian regulations. Our solution is designed to work seamlessly with existing systems, making it easy to integrate into your business processes.

KYC Services We Offer

Identity Card Verification: Shufti Pro scans ID cards issued by the Department of Police – Ministry of Interior and authenticates them down to the last pixel.
Passport Verification: We verify Slovak Passports issued by Department of Police – Ministry of Interior, checking for accuracy of format, detecting fakeness through font, holograms, and more.
Driving License Verification: Shufti Pro checks the originality of a driving license issued by the Department of Police – Ministry of Interior and verifies licenses of all eight regions of Slovakia.
Credit/Debit Card Verification: We validate credit/debit cards to help you digitize your business, reduce manual labor, prevent fraud and charge-back, and increase conversions.

How Our Identity System Works

Document Verification: Shufti Pro verifies customer documents in real-time using AI-powered technology.
Data Extraction: We extract relevant data from the verified documents, including name, date of birth, and address.
Face Verification: Our system uses facial recognition to match the face on the document with the person presenting it.
Verification Status: Shufti Pro provides a verification status in real-time, allowing you to make informed decisions about your customers.

Advanced KYC Solutions for Slovakia

Shufti Pro offers advanced KYC solutions that include:

Facial Verification: Next-generation facial recognition for remote authentication.
Document Verification: Document authentication across eight regions to prevent identity theft online.
Address Verification: Address verification service to protect your business from false deliveries and invalid customer locations.
2FA Authentication: Easy and frictionless customer onboarding through 2-factor-authentication.
Consent Verification: Verify customer consent with biometric authentication, such as selfie verification.

AML Screening for Slovak Businesses

Shufti Pro’s AML services help identify high-risk clients, improve client onboarding with faster PEP screening, and real-time sanction list monitoring. Our solution uses FATF, EU, OFAC, HMT, Interpol, and other relevant watch lists to ensure compliance with regulatory requirements.

Start Your 7 Days Free Trial Now!

Try Shufti Pro’s KYC solutions today and experience the ease of verifying customer identities while ensuring compliance with Slovakian regulations.