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.

San Marino

Identity Verification & KYC For San Marino

Shufti streamlines KYC, KYB, and AML compliance for San Marino. Meet CBSM and AIF requirements whilst reducing fraud risk across customer onboarding aligned to Delegated Decree No. 154.

Operational performance for San Marino KYC

Our Numbers Speak Volumes

<5 sec

Verification Time

100%

Omni-format Document Recognition

2000+

Official Data Sources Verified

Evidence-Ready Checks Across People & Businesses in San Marino

Individual Documents We Verify

Shufti supports 3 Sammarinese document types.

View All Supported Documents

San Marino Identity Card (Carta d'Identità elettronica)

Electronic biometric card in Italian and English; credit card-sized plastic document with security features. Valid for travel, residence confirmation, driver licensing and hunting permits.

San Marino Passport

Issued for international travel with MRZ support. Ranked 16th globally for visa-free access (173 countries). Valid for international travel and cross-border onboarding.

Driving Licence (Patente di Guida)

Plastic biometric document with OVI, DOVID, transparent window and watermark security features. Includes holder signature, driving categories and vehicle authorisations.

Certificate of Residence (Certificato di Residenza)

Issued by local authorities to prove residence in San Marino. Used as a secondary document in KYC procedures; confirms the address where primary identity documents lack recent information.

Proof of Address Documentation

Utility bills, bank statements and rental agreements serve as secondary supporting documents. Used to verify the current address in San Marino KYC workflows when primary identity documents lack recent residence information.

Business Entity Identity

Certificate of Incorporation

Issued from the Trade Register (Registro del Commercio); legal confirmation of the organisation's entitlement to conduct business.

Trade Register Extract (Estratto del Registro Commerciale)

Official document containing the company name, registration date, legal form (SPA or SRL), registered office and agents.

Articles of Association (Statuto Sociale)

Required notarised document establishing company governance, shareholder, and director rights and responsibilities.

Business Tax Identity

Tax Registration Number

Format "SM" prefix followed by five numerals (e.g., SM12345). Assigned by the Administration of Public Revenues.

VAT Identification Number

Integrated with tax registration; required for cross-border invoicing with EU countries.

Employer Identification Number

Assigned by the State Secretariat for Finance when hiring employees, required for payroll and social security compliance.

Ownership & Control (UBO)

Register of Trust Beneficial Owners

Maintained by the Central Bank of San Marino; mandatory disclosure of beneficial owners of trusts within 30 days.

Company Shareholder Register (Registro Azionisti)

Internal company document listing shareholders and shareholdings; essential for KYC purposes.

Directors and Officers Certification

Certification of all members, directors, auditors and external auditing subjects is required for legal status and registration.

Beneficial Ownership Declaration

Required under Law No. 92/2008 as amended, natural persons with beneficial ownership must be identified and documented.

Certificate of Incumbent Directors

Shows current board composition and officer roles; required for KYC of business entities.

Languages We Cover

Italian And English Bilingual Handling

San Marino's electronic identity card displays text in both Italian and English; regulatory and business documents are issued in Italian. Latin script throughout requires no transliteration or OCR script conversion.

Name Matching Across Legal Variants

San Marino regulations require consistent matching of names as they appear on identity documents. No transliteration challenges arise from non-Latin scripts or complex diacritical requirements.

Evidence Consistency Across CDD Procedures

Identity data is reconciled across document extractions, beneficial ownership disclosures and screening outputs in one unified case file for audit review and regulatory examination by CBSM and AIF.

GOVERNANCE & CONTROLS

Audit-Ready Decisions, Lower Operational Drag

Reduced Document Capture Failures

San Marino identity documents use biometric features and Latin script; structured capture guidance minimises retries and manual review.

Cleaner Audit Trails For CBSM and AIF

Structured CDD case files with evidence retention timestamps are retrievable for regulatory examinations and compliance supervision by banking and financial intelligence authorities.

Consistent AML Screening Decisions

Uniform rules for sanctions screening and beneficial owner verification produce defensible, documented outcomes aligned to OFAC, EU and UN sanctions list requirements.

One Workflow, One Back Office

KYC, KYB, beneficial ownership verification and AML screening are consolidated in one operational system for reduced compliance costs.

Trust-Aware Document Handling

San Marino's trust legislation and beneficial owner registry requirements are natively supported in evidence collection and escalation workflows.

Enterprise-grade compliance infrastructure

San Marino IDV/KYC Challenges

Beneficial Ownership Registry Accuracy

San Marino's beneficial ownership registry for trusts requires continuous verification; indirect ownership structures complicate KYC identification.

Limited Financial Sector Compliance Maturity

Small non-bank financial institutions and DNFBPs show inconsistent AML/CFT awareness, creating disparate KYC documentation standards across sectors.

Resource-Constrained Regulatory Authorities

AIF and CBSM capacity limitations slow compliance supervision depth, affecting KYC intelligence availability and the speed of regulatory guidance updates.

Trust Structure Complexity In Verification

Non-resident trust beneficial ownership verification is technically demanding; agents' compliance with mandatory 30-day disclosure requirements creates significant KYC challenges.

Shufti's IDV/KYC Solutions for San Marino

KYC Solutions

Face Verification

Reduces impersonation and synthetic identity risk through liveness and face matching. In San Marino, where trust jurisdiction activity is elevated, biometric corroboration significantly strengthens CDD evidence.

Age Verification

Selfie-based age estimation with document verification fallback, where required for regulated products such as financial services or gambling. Blocks underage access whilst maintaining San Marino onboarding speed.

Address Verification

Shufti can verify any address-bearing document from AASS (electricity, gas, water, telecommunications) and San Marino banks: BAC San Marino, Banca di San Marino, Cassa di Risparmio.

Document Verification

Supports San Marino identity cards, passports, driving licences and certificates of residence. Extracts biometric security features and MRZ data; detects tampering and validation failures reliably.

KYB Solutions

Business Verification

Validates entity status through Trade Register data, corroborates tax identifiers and captures beneficial ownership disclosures consistent with San Marino AML law requirements.

Enhanced Due Diligence (EDD)

Structured escalation workflows for high-risk entities, politically exposed persons and complex ownership structures. Produces investigation-grade audit trails aligned to AIF and CBSM supervisory expectations.

AML Screening

Business AML Screening

Screens San Marino entities and controlling persons against OFAC sanctions lists, EU sanctions and global PEP datasets. Aligned to Delegated Decree No. 154 and Law No. 92/2008 requirements with documented match rationale.

Transaction Screening

Supports ongoing monitoring aligned with Law No. 92/2008, suspicious activity monitoring obligations. Enables STR/CTR escalation through GoAML workflows and supports AIF reporting requirements with audit evidence.

REGULATORY ALIGNMENT

Built to Fit San Marino's Compliance Landscape

Autorità di Informazione Finanziaria (AIF)

Receives and reports suspicious money laundering and terrorist financing activities to judicial authorities. Shufti supports investigation-grade evidence capture and STR submission workflows through GoAML integration. Official Website: https://www.aif.sm/site/home.html

Banca Centrale della Repubblica di San Marino (CBSM)

Supervises banking, financial and insurance sectors; manages payment systems. Shufti provides structured CDD case files and audit evidence aligned to CBSM examination and supervision expectations. Official Website: https://www.bcsm.sm/site/en/home.html

Autorità Garante per la Protezione dei Dati Personali

Enforces San Marino Law No. 171/2018 data protection; issues corrective measures and penalties. Shufti operates with encryption, retention controls and access governance aligned to data protection authority requirements. Official Website: https://garanteprivacy.sm/pub1/garante/en/

Segreteria di Stato per le Finanze e il Bilancio

Administers San Marino's tax system and compliance monitoring. Shufti supports tax identifier validation and beneficial ownership evidence collection aligned to the Secretariat's expectations. Official Website: https://www.finanze.sm/

Azienda Autonoma di Stato per i Servizi Pubblici (AASS)

Manages electricity, gas, water distribution and telecommunications utilities. Shufti leverages AASS utility verification data to support address verification workflows and customer due diligence. Official Website: https://www.aass.sm/site/home.html

Consiglio Grande e Generale (Parliament of San Marino)

Enacts AML/CFT regulations and financial oversight frameworks. Shufti aligns with current legislation, including Law No. 92/2008 and Delegated Decree No. 154, with continuous compliance monitoring support. Official Website: https://www.consigliograndeegenerale.sm/

Chamber of Commerce of San Marino

Manages the trade register (Registro del Commercio) and business registration. Shufti integrates entity status verification against the trade register for KYB onboarding and beneficial ownership verification workflows. Official Website: https://www.camcom.sm/en/

Deployment Choice

Available via AWS Europe (Milan, eu-south-1, approximately 250 km from San Marino) or on-premise options to meet data sovereignty and financial sector governance requirements.

Regulatory Alignment

Aligned to San Marino Law No. 171/2018 (Data Protection Law) and Law No. 92/2008 (AML legislation) recordkeeping and customer due diligence documentation requirements.

Retention Controls

Configurable retention and purge settings aligned to the five-year minimum data retention obligation under FATF Recommendation 11, adopted in San Marino's AML framework.

Encryption Posture

AES-256 encryption for data at rest; TLS 1.2+ for data in transit and cross-border flows. Aligned to financial sector practices and international AML compliance standards with no key escrow requirements.

Data and Privacy Controls in San Marino

BUILT FOR COMPLIANCE TEAMS

San Marino AML Sources That Strengthen Decision

Parliament of San Marino

Tribuna Politica Web.sm

Frequently Asked Questions

What are the KYC requirements for businesses operating in San Marino?

KYC requirements include customer identification and verification (name, DOB, nationality), beneficial owner identification (shareholders/controllers exceeding threshold), source of funds documentation, ongoing transaction monitoring, and five-year recordkeeping under Law No. 92/2008.

Which identity documents are accepted for KYC verification in San Marino?

Primary documents include the San Marino electronic identity card (Carta d'Identità Elettronica), passport, and driving licence. Secondary documents include certificate of residence, utility bills, bank statements and rental agreements.

How do I comply with AML regulations in San Marino?

To comply, establish customer due diligence procedures aligned to Law No. 92/2008; identify and verify beneficial owners; screen against OFAC, EU and UN sanctions lists; monitor transactions for suspicious activity; submit reports to AIF using GoAML; maintain five-year records. Consult CBSM guidance for sector-specific requirements.

What is the role of the AIF (Financial Intelligence Unit) in San Marino AML compliance?

The Autorità di Informazione Finanziaria (AIF), established within the Central Bank of San Marino with full autonomy and independence, receives, analyses and reports suspicious money laundering and terrorist financing activities to judicial authorities using GoAML.

What documents are required for beneficial owner identification under San Marino AML law?

San Marino requires obliged entities to identify and document beneficial owners using the Company Shareholder Register, Trust Beneficial Owner Register, Beneficial Ownership Declaration, or Directors and Officers Certification, depending on entity type.

How does San Marino's CBSM supervise KYC compliance in banking?

The Banca Centrale della Repubblica di San Marino supervises banking KYC through regulatory examinations, supervisory guidance, and enforcement actions. Institutions must maintain structured CDD case files, evidence trails and audit logs demonstrating compliance with customer identification and beneficial ownership requirements.

What is enhanced due diligence, and when is it required in San Marino?

Enhanced due diligence (EDD) is mandated when customers are identified as politically exposed persons (PEPs), when beneficial ownership is complex or non-transparent, or when initial customer due diligence flags elevated money laundering risk.

Is San Marino compliant with FATF and MONEYVAL AML standards?

San Marino is a member of MONEYVAL and was rated Compliant or Largely Compliant on 36 of 40 FATF Recommendations in its 2024 Follow-Up Review. Recommendation 35 (Sanctions) was upgraded from Partially Compliant to Largely Compliant.

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

Check Pricing Request Demo

INDEPENDENTLY AUDITED. GLOBALLY CERTIFIED.

Certified to Global Standards

PROVEN WORKFLOWS

Use Cases for Regulated Growth in San Marino

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.

Learn More Try Now

Secure Trust at Every Transaction

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

Learn More Try Now

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.

Learn More Try Now

Accelerate Growth, Eliminate Friction

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

Learn More Try Now

Onboard Global Traders in Real-Time

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

Learn More Try Now

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.

Learn More Try Now