What are the KYC requirements in Turkey?

Turkish KYC requirements are set by Law No. 5549 and MASAK. All obliged entities must verify customer identity, conduct CDD, apply risk-based monitoring and retain records for eight years. KYC Turkey compliance requires documents including TC Kimlik Kartı, Turkish national ID alternatives, passport and foreigner ID card for non-citizens. eKYC Turkey solutions using NFC chip verification accelerate identity verification while meeting BDDK and MASAK standards.

What is MASAK and what does AML compliance Turkey require?

MASAK is Turkey's Financial Intelligence Unit under the Ministry of Treasury and Finance. AML compliance Turkey obligations require financial institutions to conduct CDD, submit suspicious transaction reports via the MASAK Online system, maintain eight-year records and appoint a compliance officer at senior management level. MASAK compliance applies to banks, payment providers, crypto platforms and all obliged entities.

How does KVKK compliance affect KYC data handling in Turkey?

KVKK (Law No. 6698) requires all data controllers to register with VERBIS before processing personal data. KYC data is classified as personal data and must be encrypted, purpose-limited and subject to data subject access rights. KVKK compliance means cross-border transfers require equivalent protection standards. Turkish identity verification Turkey must align with both KVKK data protection and AML compliance requirements.

What documents are accepted for Turkish national ID KYC verification?

Primary documents for Turkish national ID KYC include TC Kimlik Kartı and Turkish Passport. Secondary documents include Sürücü Belgesi, Yabancı Kimlik Kartı and İkamet İzni for foreign nationals. Chip-based national ID cards with NFC receive preference. eKYC Turkey solutions support all 26 Turkish document types including biometric verification.

What are the KYB requirements for verifying Turkish businesses?

Turkish KYB verification requires Ticaret Sicil Gazetesi, Faaliyet Belgesi and Articles of Association for entity identity. Tax identity uses VKN. UBO identification is mandatory under Law No. 5549, requiring Ortaklık Yapısı, Pay Defteri and Gerçek Faydalanıcı Bildirimi documentation. KYB Turkey compliance includes verification of all beneficial owners at 25% ownership thresholds.

How does Shufti support crypto KYC Turkey compliance under CMB regulations?

Crypto KYC Turkey compliance is governed by CMB Law No. 7518, which requires platforms to obtain Capital Markets Board licences by June 2026. Shufti provides full KYC onboarding, jurisdiction verification for Travel Rule compliance, sanctions screening and eight-year record retention. Our crypto KYC Turkey solutions support CMB licence applications and post-licensing MASAK reporting obligations.

What is the data retention requirement for AML records in Turkey?

Law No. 5549 mandates eight-year retention of all AML records from the end of the business relationship. This covers KYC files, transaction records and STR documentation. AML compliance Turkey requires automated retention schedules and maintains audit-ready records for MASAK examinations and regulatory inspections.

How does Turkey's FATF membership affect AML compliance Turkey obligations?

Turkey has been a FATF member since 1991 and was removed from the grey list in June 2024 after addressing compliance gaps. Post-greylisting, MASAK and BDDK enforce heightened AML standards. FATF's 40 Recommendations guide Turkish AML policy and international correspondent banking expectations. AML compliance Turkey now requires demonstrable controls exceeding minimum standards.

What are the penalties for non-compliance with Turkish KYC and AML regulations?

Non-compliance with Turkish KYC and Law No. 5549 AML obligations results in administrative penalties and potential criminal sanctions. MASAK compliance violations attract fines; failure to maintain eight-year records, conduct proper KYC Turkey verification, or submit STRs results in enforcement action. Crypto platforms failing to obtain CMB licences by June 2026 face liquidation. Enhanced penalties apply to repeat violations.

Myanmar

Identity Verification & KYC For Myanmar

Shufti enables KYC Myanmar, AML compliance Myanmar, and identity verification Myanmar for FATF enhanced due diligence via NRC, passport, driver licence, and KYB documents.

Operational performance for Myanmar KYC

Our Numbers Speak Volumes

99.03%

Pass Rates

< 5 sec

Verification
Time

100%

Omni-format
Document Recognition

Evidence-Ready Checks Across People & Businesses in Myanmar

Individual Documents We Verify

Shufti supports Myanmar individual identity documents.

View All Supported Documents

National Registration Card (NRC)

Myanmar's primary citizenship document in 13-digit format. NRC verification Myanmar covers pre-2020 legacy documents, regional variants, and modern versions.

Passport

International travel document with machine-readable zone. Myanmar passport verification includes English and Myanmar script for identity verification Myanmar.

Driver Licence

Modern versions include QR code on reverse for official verification. Contains NRC number, name, date of birth, and photo. Myanmar driver license KYC accepted.

Citizenship Scrutiny Card

Issued by Immigration and Manpower Department. Provides verification coverage and is accepted for Myanmar KYC compliance and identity due diligence checks.

Business Entity Identity

Certificate of Incorporation

Issued by DICA under Myanmar Companies Law 2017 within 3-5 working days confirming legal registration status and unique registration number in Myanmar.

Business Tax Identity

Tax Identification Number (TIN)

TIN in 9-digit format required for all Myanmar companies. Mandatory registration within 90 days of establishment per IRD registration compliance requirements.

Ownership & Control (UBO)

Beneficial ownership disclosure under Myanmar Companies Law 2017 and AMLL 2014. Directors and 5%+ shareholders must file disclosure with DICA for compliance.

Languages We Cover

Document Text Handling

Myanmar script and English appear on identity documents. Shufti extracts both scripts and manages bilingual fields and transliterations consistently for KYC.

Name Matching Controls

Transliteration-aware rules manage Burmese name variants appearing under multiple Latin spellings in formal records, bank systems, and compliance documentation.

Evidence Consistency

Extracted values remain visible for audit trails, quality assurance review, and Myanmar compliance documentation throughout all verification workflows.

GOVERNANCE & CONTROLS

Audit-Ready Decisions, Lower Operational Drag

Fewer Avoidable Re-Submissions

Structured NRC/passport capture guidance, visibility checks, and consistent field extraction reduce manual rework and customer frustration during onboarding.

Cleaner Audit Trails

Consistent decision outputs, reason codes, and evidence retention options support CBM and MFIU-facing audit requirements and regulatory reviews.

Better Name Matching Outcomes

Transliteration-aware matching rules recognise Burmese-to-Latin name variants, reducing false rejections and manual exceptions during verification.

One Workflow, One Back Office

Identity verification and AML screening managed in a single operational view, eliminating handoffs and evidence fragmentation across systems.

NRC-First Flow Design

Structured extraction and repeatable checks ensure decisions are evidence-led, consistent, and defensible under Myanmar regulatory review.

Enterprise-grade compliance infrastructure

Myanmar IDV/KYC Challenges

Document Fragmentation

NRC lacks national standard. Regional variations and pre-2020 documents complicate OCR. Region-specific models needed for legacy document verification.

FATF Myanmar Blacklist

FATF Myanmar blacklist status (High-Risk, February 2026) mandates enhanced due diligence for customers and transactions until June 2026 compliance deadline.

Low Bankification

Seventy percent of Myanmar population unbanked. Cash dominates informal lending sector. Source of funds verification difficult for informal sector customers.

Sanctions Complexity

OFAC Order 14014 targets military entities; EU sanctions add complexity. Military coup (2021) created uncertainty regarding AML enforcement and oversight.

Shufti's IDV/KYC Solutions for Myanmar

KYC Solutions

Face Verification

Stops impersonation and mule sign-ups with liveness detection and face matching. Reduces manual exceptions while maintaining MFIU compliance standards.

Age Verification

Estimates age from selfie with document verification fallback for NRC/passport when required. Blocks underage access while keeping Myanmar onboarding fast.

Document Verification

Detects tampered NRC, passport, and driver licence documents. Extracts fields reliably across Myanmar script and English variations, reducing retries.

Address Verification

Verifies Myanmar address proofs including MEPE electricity bills, MPT postal bills. Confirms residence against account records from KBZ, AYA, CB Bank.

KYB Solutions

Business Verification

Verifies Myanmar businesses via DICA registration and Certificate of Incorporation. Supports Myanmar beneficial owner verification for merchant onboarding.

Enhanced Due Diligence (EDD)

Enhanced due diligence Myanmar applies risk-based screening for FATF-blacklisted jurisdictions, identifying beneficial owners and high-risk entity structures.

AML Screening

Business AML Screening

Screens Myanmar entities and their owners against 1,700+ global and Myanmar-specific sanction, PEP, and watchlists. Identifies money laundering attempts.

Transaction Screening

Monitors transactions for suspicious patterns and flags activity. Supports ongoing compliance and STR/CTR reporting to Myanmar Financial Intelligence Unit.

REGULATORY ALIGNMENT

Built to Fit Myanmar's Compliance Landscape

Central Bank of Myanmar (CBM)

Myanmar's central bank setting monetary policy and banking standards. Shufti supports CBM-aligned onboarding with Myanmar customer due diligence and audit logs. Official Website: https://www.cbm.gov.mm/

Myanmar Financial Intelligence Unit (MFIU)

Receives and analyses suspicious transaction reports under AMLL 2014. Shufti strengthens AML compliance Myanmar by preserving investigation evidence for FIU. Official Website: https://mfiu.gov.mm/

Financial Regulatory Department (FRD)

Regulates microfinance institutions, insurance sector, and state-owned banks. Shufti operationalises FRD oversight by structuring evidence capture consistently. Official Website: https://www.frd.gov.mm/

Internal Revenue Department (IRD)

Administers income tax, commercial tax, and Tax Identification Numbers for businesses. Shufti supports IRD compliance by evidencing tax identity verification. Official Website: https://www.ird.gov.mm/

Directorate of Investment and Company Administration (DICA)

Issues Certificates of Incorporation and maintains Myanmar Companies Online registry. Shufti supports DICA-aligned beneficial ownership collection procedures. Official Website: https://www.dica.gov.mm/

Securities and Exchange Commission of Myanmar (SECM)

Oversees Myanmar's capital markets and Yangon Stock Exchange. Shufti supports securities compliance by enabling KYB evidence capture aligned to governance. Official Website: https://www.msecmyanmar.com/

Deployment Choice

No major hyperscaler regions exist in Myanmar. Data is typically routed via Singapore. Shufti supports on-premise deployment for sovereignty-sensitive clients.

Regulatory Alignment

Myanmar's Electronic Transactions Law 2021 and AMLL 2014 govern data and recordkeeping. Shufti aligns to both, preserving evidence and decision trails.

Retention Controls

AMLL 2014 requires retention of customer and transaction records, typically five to seven years per CBM guidance. Shufti supports configurable retention.

Encryption Posture

Myanmar law sets no explicit encryption mandate. Shufti applies industry-standard TLS 1.3 in transit and AES-256 at rest to protect all customer identity data.

Data and Privacy Controls in Myanmar

BUILT FOR COMPLIANCE TEAMS

Myanmar AML Sources That Strengthen Decision

Parliament of Myanmar (Burma)

Myanmar Union Parliament (Pyidaungsu Hluttaw)

Myanmar Treasure Resort Bagan

Democratic Voice of Burma

Myanmar Times

The Irrawaddy

Eleven Media Group

Parliament of Myanmar (Burma)

Myanmar Union Parliament (Pyidaungsu Hluttaw)

Myanmar Treasure Resort Bagan

Democratic Voice of Burma

Myanmar Times

The Irrawaddy

Eleven Media Group

Parliament of Myanmar (Burma)

Myanmar Union Parliament (Pyidaungsu Hluttaw)

Myanmar Treasure Resort Bagan

Democratic Voice of Burma

Myanmar Times

The Irrawaddy

Eleven Media Group

Parliament of Myanmar (Burma)

Myanmar Union Parliament (Pyidaungsu Hluttaw)

Myanmar Treasure Resort Bagan

Frequently Asked Questions

What are the KYC requirements in Myanmar?

Myanmar's Anti-Money Laundering Law 2014 requires customer due diligence, document verification via NRC/passport/driver licence, beneficial owner identification for businesses, and transaction monitoring. Enhanced due diligence applies to FATF-blacklisted entities.

Is Myanmar on the FATF blacklist?

Yes. Myanmar is on the FATF High-Risk Jurisdictions list as of February 2026. Enhanced due diligence applies to all Myanmar transactions until June 2026 deadline. Correspondent banking relationships remain restricted and compliance requirements elevated.

How do I verify identity in Myanmar and which documents are accepted?

Primary documents accepted for Myanmar KYC include the National Registration Card (NRC), passport, driver licence, and Citizenship Scrutiny Card. Driver licences include QR codes for real-time verification. Address verification uses MEPE electricity bills and MPT postal bills.

What is the Myanmar AML Law and its key requirements?

The Myanmar AML Law (Pyidaungsu Hluttaw Law No. 11/2014) establishes reporting requirements for banks, microfinance institutions, and insurance companies. Requires customer due diligence, beneficial owner identification, and Myanmar compliance documents for transaction reporting to MFIU.

What documents are required for KYB (Know Your Business) verification in Myanmar?

KYB verification requires Certificate of Incorporation issued by DICA, Tax Identification Number (TIN) from Internal Revenue Department, and beneficial ownership disclosure. All directors and shareholders owning 5%+ must be identified for Myanmar KYB compliance.

What is the National Registration Card (NRC) and why is it important for KYC?

The National Registration Card is Myanmar's primary citizenship document with 13-digit format identifying state, district, and register number. Pre-2020 versions show regional variation requiring specialised region-specific verification systems for Myanmar KYC.

What enhanced due diligence measures apply to Myanmar transactions due to FATF status?

Enhanced due diligence for Myanmar includes full customer identification, beneficial owner screening, transaction scrutiny for suspicious patterns, and ongoing monitoring. Documentation standards for source of funds verification apply to all Myanmar customer onboarding.

How do Myanmar beneficial ownership requirements apply to company KYB?

Myanmar Companies Law 2017 requires companies to maintain beneficial ownership registers. Directors and shareholders owning 5%+ must file disclosure with DICA for Myanmar KYB verification. AML screening applies to all beneficial owners and controlling persons.

Build a Myanmar-ready KYC, KYB & AML programme with Shufti

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INDEPENDENTLY AUDITED. GLOBALLY CERTIFIED.

Certified to Global Standards

PROVEN WORKFLOWS

Use Cases for Regulated Growth in Myanmar

Marketplace

Banking

Crypto

Fintech

Forex

Gaming

Gig Economy

Marketplace

Banking

Crypto

Fintech

Forex

Gaming

Gig Economy

Marketplace

Banking

Crypto

Fintech

Forex

Gaming

Gig Economy

Reduce Fraud Without Blocking Growth

Shufti supports marketplace integrity by verifying seller and buyer identities, enabling age-gated journeys where needed, and preserving evidence to support investigations, disputes, and risk-led enforcement actions.

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Secure Trust at Every Transaction

Automate KYC and AML workflows to reduce manual onboarding costs. Strengthen residency checks while delivering the frictionless digital experience modern customers expect.

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Scale Your Exchange with Confidence

Balance anonymity with compliance. Instantly verify user jurisdiction to meet Travel Rule obligations and help stop abuse without slowing down legitimate trading volume.

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Accelerate Growth, Eliminate Friction

Onboard users in seconds, not days. Deploy tiered address verification flows that maximise completion rates for genuine users while filtering out synthetic fraud.

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Onboard Global Traders in Real-Time

Verify investors across 250+ countries & territories. Ensure compliance with international financial regulations while preventing identity theft and high-risk chargebacks.

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Power a Fair & Secure Player Experience

Reduce bonus abuse and multi-accounting rings at the door. Enforce location rules and trigger step-up checks without disrupting the player journey.

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Build a Trusted, Verified Workforce

Screen freelancers and drivers at scale. Verify residency and reduce onboarding friction while maintaining trust between users.

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Let’s Tailor your journey

Just a few quick questions to guide your Shufti experience.

Which products would you like to check out?

VideoIdent

Address Verification

eIDV (Docless)

KYB

AML Screening

Deepfake Detection

Face and ID Verification

Age Verification

Others

What is your expected yearly verification volume?

1 to 1,000

1,001 to 5,000

5,001 to 20,000

20,001 to 50,000

50,001 to 100,000

100,001 to 1,000,000

1,000,000+

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