Authenticity of Documents Under Scrutiny in Somalia
===============================
As part of the anti-money laundering and know-your-customer (AML/KYC) regulations in Somalia, authorities are increasingly scrutinizing the authenticity of documents presented by individuals and businesses. In this article, we will delve into the various security features that can help verify the authenticity of documents, as well as the timing and requirements for identity verification.
Security Features to Check
When verifying the authenticity of a document, it is essential to check for various security features, including:
- Holograms: Verify if the document contains holographic images or foil strips.
- Tapered or crumpled edges: Check if the edges of the document are tapered or crumpled as an added security feature.
- Doctored elements: Verify that the document’s elements, such as signatures and dates, have not been tampered with.
- Form inconsistencies: Check for any inconsistencies in the document’s layout, font, or formatting.
- Document expiration dates: Verify if the document has expired or is near its expiration date.
- Machine-readable zone (MRZ): Check if the document contains a machine-readable zone that can be read by machines.
- Reflected colors and microprinting: Verify if the document contains reflected colors and microprinted text.
Required Documents for Verification
In Somalia, the following documents are considered proof of identity:
- Valid passport
- Valid driver’s license
- National Identity Card
For address verification, the following documents are accepted:
- Current utility bill (gas, electricity, telephone or mobile phone)
- Document issued by a government department showing the end-user’s address
- Bank statement (no older than 3 months) showing the end-user’s address
Timing of Verification
Identity verification is not a one-time process. In fact, it is required in multiple instances as per regulations. The timing and choice of when to deploy identity verification procedures depend on your requirements and conveyance to Shufti Pro.
Politically Exposed Persons and EDD Measures
As per Enhanced Due Diligence (EDD) requirements under Somali 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. To fulfill this obligation, Shufti Pro provides an AML Screening service that screens an individual’s selected ID attributes against watchlists of global regulatory authorities, foreign and domestic databases, compromised PEPs, and sanctioned individuals.
Reliance on External Services
In the absence of explicit regulations, clients may seek the services of a third party for fulfilling AML/KYC obligations. However, the client will remain liable for maintaining regulatory compliance and fulfilling AML and KYC obligations.
Record Retention
As per Somali regulations, 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 necessary information (Due Diligence Data) from the third party without undue delay.
In conclusion, verifying the authenticity of documents is a crucial aspect of AML/KYC regulations in Somalia. By understanding the various security features to check and the required documents for verification, businesses can ensure compliance with regulatory requirements and maintain a secure environment for their customers.