Here is the article in markdown format:
Shufti Pro: Your Partner in Compliance with Namibia’s AML and KYC Regulations
Windhoek, Namibia - Shufti Pro
As a leading provider of document verification services, Shufti Pro is committed to helping businesses comply with Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations in Namibia.
Compliance with AML and KYC Regulations
Shufti Pro offers a range of services designed to verify the authenticity of documents submitted by customers. This includes checks on security features such as:
- Holograms
- Tapered/crumpled edges
- Doctored elements
- Form inconsistencies
- Document expiration
- MRZ (Machine Readable Zone)
- Reflected colors
- Microprinting
Valid Documents for Verification
In Namibia, proof of identity and address are required for verification purposes. The following documents are considered valid:
Identity Verification
- Identity Card
- Passport
- Driving License
Address Verification
- A current utility bill (no older than three months)
- Government department-issued document containing End-user’s address and name
- Bank statement (not older than three months)
Identity Verification is Not a One-Time Process
Shufti Pro emphasizes that identity verification requires multiple instances of verification, depending on the business requirements and risk assessment.
Enhanced Due Diligence (EDD) Measures for Politically Exposed Persons (PEPs)
Shufti Pro provides EDD measures for PEPs, including:
- Screening an individual’s selected ID attributes against watchlists of global regulatory authorities
- Foreign and domestic databases
- Compromised PEPs
- Sanctioned individuals
Record Retention Services
Shufti Pro offers record retention services, which are essential in Namibia. According to regulations, businesses must retain data for not less than five years.
“We understand the importance of complying with AML and KYC regulations in Namibia,” said [Name], CEO of Shufti Pro. “Our services are designed to help businesses streamline their compliance process, reduce risks, and ensure a secure environment for their customers.”
About Shufti Pro
Shufti Pro is a leading provider of document verification services, offering a range of solutions designed to help businesses comply with AML and KYC regulations. With its expertise in identity verification and Enhanced Due Diligence measures, Shufti Pro is committed to helping businesses reduce risks and ensure a secure environment for their customers.
For more information about Shufti Pro’s document verification and EDD services, please visit our website or contact us directly.