Financial Crime World

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Shufti Pro Offers Real-Time KYC & AML Solution for Cape Verdean Businesses

In a move aimed at strengthening trustful business relationships and combating financial crimes, Shufti Pro, a leading online identity verification service provider, has launched its real-time Know Your Customer (KYC) and Anti-Money Laundering (AML) solution for businesses operating in Cape Verde.

Why KYC is Important

According to the Financial Action Task Force (FATF), GABAC, and OFAC guidelines, KYC is a crucial step in verifying customer identity and preventing financial fraud. Shufti Pro’s cutting-edge technology allows businesses to verify customer identities in seconds using just a few lines of code.

ID Verification Services

Shufti Pro offers a range of ID verification services for Cape Verdean documents, including:

  • National identity cards
  • Passports
  • Driving licenses
  • Credit/debit cards

The company uses advanced algorithms to detect tampered or forged documents, ensuring the accuracy and integrity of customer information.

Identity Verification System

Shufti Pro’s identity system is designed to provide real-time verification status, data extraction, face verification, and document authentication across 22 municipalities in Cape Verde. This includes:

  • Facial recognition technology for remote authentication
  • Address verification to prevent false deliveries and invalid customer locations
  • Two-factor authentication for secure onboarding

AML Services

Shufti Pro’s AML services for Cape Verdean businesses help identify high-risk clients, improve client onboarding with faster PEP screening, and real-time sanction list monitoring. The company uses global watch-lists, including:

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

Compliance with International Regulations

As a member of GABAC, Cape Verde is committed to implementing efficient measures for combating money laundering, terrorist funding, and other financial crimes. Shufti Pro’s KYC & AML solution is designed to support this effort by providing businesses with the necessary tools to verify customer identities and prevent financial fraud.

Try it Out

To learn more about Shufti Pro’s KYC & AML solution for Cape Verdean businesses, interested parties can start a 7-day free trial.