Financial Crime World

Papua New Guinea Businesses Can Now Verify Customers with Real-Time KYC Solutions

Strengthening Financial Security in Papua New Guinea

Shufti Pro has launched its real-time Know Your Customer (KYC) and Anti-Money Laundering (AML) solutions for businesses operating in Papua New Guinea. This innovative identity verification service enables companies to onboard new customers quickly and securely, while ensuring compliance with international regulations.

How it Works

Shufti Pro’s KYC solution verifies customer identities using a range of documents, including:

  • ID cards
  • Passports
  • Driving licenses
  • Credit/debit cards

The company uses advanced technology to scan and authenticate these documents in real-time, detecting any inconsistencies or forgeries.

Benefits for Papua New Guinea Businesses

Shufti Pro’s KYC solution is particularly useful for Papua New Guinea businesses operating in the financial sector, as it helps prevent identity theft and fraud. The AML solution also screens customers against global watch lists, including those maintained by:

  • FATF
  • EU
  • OFAC
  • HMT
  • Interpol
  • Other relevant authorities

Growing Economy, Growing Challenges

Papua New Guinea has a growing economy, with an increasing number of businesses operating online. This growth presents new challenges for financial institutions and regulators, who must ensure that customers are verified and transactions are secure.

Shufti Pro’s Solutions

Shufti Pro’s KYC and AML solutions are designed to meet these challenges head-on. The company’s technology is capable of verifying customer identities in seconds using a range of documents, including:

  • ID cards
  • Passports
  • Driving licenses
  • Credit/debit cards

In addition to document verification services, Shufti Pro also offers:

  • Facial recognition
  • Address verification
  • 2FA authentication
  • Consent verification
  • AML screening

Easy Integration

Shufti Pro’s solutions are designed to be easily integrated into existing systems, making it simple for businesses to get up and running quickly.

Compliance and Security

By using Shufti Pro’s KYC and AML solutions, Papua New Guinea businesses can ensure that they are complying with international regulations, while also providing a secure and efficient customer onboarding experience.