The Top 10  Most Difficult Countries for Identity Verification

The Top 10  Most Difficult Countries for Identity Verification

Download Report

    n-img-roi-cross

    Before You Go, Schedule Your Free Demo Today

    Valid Invalid number


    Note: Fields marked with an asterisk(*) are mandatory.

    n-exit-img-roi-cross

    Thank you for your demo request

    We appreciate your interest and look forward to discussing how our solution can meet your needs. Expect to hear from us shortly with scheduling details.

    Close

    us

    216.73.216.135

    KYC Services and AML Compliance Services for Forex Industry

    Forext Kyc and AML Shufti

    Forex Industry stands to benefit a lot by incorporating KYC services in addition to AML Compliance solutions. A smart KYC service like Shufti will enable forex businesses to better understand the identity of their customers and prevent their services from being used for fraudulent activities, scams, terror funding or money laundering activities.Identity verification is not only being adopted by financial sector with enthusiasm but regulators are also pursuing a more proactive role in making financial industry adhere to AML practices.

    Forex industry is at the forefront of international transactions. This creates the need to check transactions made by Forex business and to block easy transfer of funds without ascertaining the source of those funds. Here are the ways by which Shufti can assist Forex Industry to perform thorough background checks for AML Compliance and verify the identity of the persons who are making transactions through a forex company.

    KYC Services for Forex Industry

    Shufti provides customised KYC Services for forex industry backed by its unique AI powered identity verification services. Forex businesses can perform each transaction at a lightning fast speed by using Digital KYC from Shufti that has an industry best 30-60 seconds processing time. Shufti integrates flawlessly with all the pre-existing systems of Forex industries with the help of API and SDK integration. Size of a franchise network of our forex client will not be an issue as Shufti can handle large number of verifications at the same time, once integrated into our customer’s transaction platform.

    KYC Services from Shufti will enable our forex clients to perform:

    • ID Verification
    • Identity Verification
    • Documents Verification

    Shufti also provides Video Verification in addition to Still Verification to make the digital identity verification easier for our Forex clients. Records of customer data will be easily accessible for future reference. This data can be counter-checked in case transactions are carried out on behalf of another person.

    AML Compliance for Forex Industry

    Shufti is the right choice for forex businesses who want to bring on board a next-generation AML/CFT Compliance system. More than once, forex companies have been found an unwilling facilitator of international funds transfer that led to money laundering or terror funding.

    End-to-end verification services of Shufti will help forex companies to safeguard themselves from becoming a part of such practices. Each transaction and customer can not only be verified but the verified identity can also be checked against a huge data bank maintained by Shufti for money laundering activities. There are 1000 Watch Lists and Sanction Lists that make up the huge databank of Shufti that is used for background checks. In addition to these lists, credentials from 3000 databases also populate the databank of Shufti. All these lists and databases are maintained by reputable international and national organization that identify personnel involved in financial crimes all over the globe. Shufti’s Data bank includes information from UN, Interpol, OFAC, and HMT.

    Apart from background checks against Data bank for financial crime risk, Shufti also maintains a long list of Politically Exposed Persons to further strengthen AML Compliance for our forex based customers. Shufti offers 3 kind of AML compliance services to its Forex customers:

    One Time Checks

    Perform a background check just once, before making a transaction or registering a customer

    Bulk List Checks

    Get a large list of suspicious clients/ overall customer portfolio verified at once

    Ongoing Monitoring

    Continuous monitoring and immediate alert in case a client gets red flagged

    Shufti understand the value of services that a Forex company has to offer. Comprehensive identity verification services from Shufti are also perfect for forex industry because we offer KYC services for every country of the world. Additionally, Shufti also has a worldwide language coverage. It means we can verify the identity of every person of the world living in any country of the world and having his/her documents in any language of the world. We can even block countries in which you don’t intend to provide your forex services. Our country restriction feature is much more full proof as compared to industry prevalent geo-tracking feature.

    Trust Shufti and we will make sure that you will never have to regret making that decision.

    Recommended For You:

    Related Posts

    Blog

    Smart Growth in Uncertain Times: Powered By Shufti

    Just five years ago at the onset of the COVID-19 pandemic, the global economy was struck by the h...

    Smart Growth in Uncertain Times: Powered By Shufti Explore More

    Blog

    AI Document Verification 2025

    Why This Matters in 2025 Digital onboarding is booming, but so is document fraud. The global iden...

    AI Document Verification 2025 Explore More

    Blog

    How to Combat Document Forgery in 2025 and Beyond

    Why This Update Matters Digital document forgery is no longer a fringe threat it strikes every fi...

    How to Combat Document Forgery in 2025 and Beyond Explore More

    Blog

    Age Verification Laws & Regulations Worldwide: 2025 Update

    Introduction Online platforms now face unprecedented pressure to prove users’ ages. From preventi...

    Age Verification Laws & Regulations Worldwide: 2025 Update Explore More

    Blog

    Expanding the UX Lens with Lisa Kleinman

    Creating a UX experience can feel like a paradox: users are more diverse than ever, yet they expe...

    Expanding the UX Lens with Lisa Kleinman Explore More

    Blog

    Inside Innovation at Shufti: Visual Heatmaps That Help Instantly Spot Document Tampering 

    In the complex landscape of identity fraud, the smallest details can make the biggest difference....

    Inside Innovation at Shufti: Visual Heatmaps That Help Instantly Spot Document Tampering  Explore More

    Blog

    Verifying identity in India

    Verifying identity in India Explore More

    Blog

    From Abandoned Carts to Loyal Customers: Rethinking the Onboarding Experience

    Website abandonment is a silent revenue killer for online businesses. Whether it’s an unfin...

    From Abandoned Carts to Loyal Customers: Rethinking the Onboarding Experience Explore More

    Blog

    Smart Growth in Uncertain Times: Powered By Shufti

    Just five years ago at the onset of the COVID-19 pandemic, the global economy was struck by the h...

    Smart Growth in Uncertain Times: Powered By Shufti Explore More

    Blog

    AI Document Verification 2025

    Why This Matters in 2025 Digital onboarding is booming, but so is document fraud. The global iden...

    AI Document Verification 2025 Explore More

    Blog

    How to Combat Document Forgery in 2025 and Beyond

    Why This Update Matters Digital document forgery is no longer a fringe threat it strikes every fi...

    How to Combat Document Forgery in 2025 and Beyond Explore More

    Blog

    Age Verification Laws & Regulations Worldwide: 2025 Update

    Introduction Online platforms now face unprecedented pressure to prove users’ ages. From preventi...

    Age Verification Laws & Regulations Worldwide: 2025 Update Explore More

    Blog

    Expanding the UX Lens with Lisa Kleinman

    Creating a UX experience can feel like a paradox: users are more diverse than ever, yet they expe...

    Expanding the UX Lens with Lisa Kleinman Explore More

    Blog

    Inside Innovation at Shufti: Visual Heatmaps That Help Instantly Spot Document Tampering 

    In the complex landscape of identity fraud, the smallest details can make the biggest difference....

    Inside Innovation at Shufti: Visual Heatmaps That Help Instantly Spot Document Tampering  Explore More

    Blog

    Verifying identity in India

    Verifying identity in India Explore More

    Blog

    From Abandoned Carts to Loyal Customers: Rethinking the Onboarding Experience

    Website abandonment is a silent revenue killer for online businesses. Whether it’s an unfin...

    From Abandoned Carts to Loyal Customers: Rethinking the Onboarding Experience Explore More

    Take the next steps to better security.

    Contact us

    Get in touch with our experts. We'll help you find the perfect solution for your compliance and security needs.

    Contact us

    Request demo

    Get free access to our platform and try our products today.

    Get started