Sumsub's identity verification platform is globally applicable, as our approach and methodology are carefully designed according to FATF recommendations regarding AML and CTF requirements (specifically, Article 10), which served the international basis for local AML laws.
KYC / AML Compliance
Here at Sumsub data protection and financial compliance are at the core.
The system is built on risk-based approach and follows global and local regulatory norms (including FATF, FINMA, FCA, CySEC, MAS). Our expertise in compliance and a range of technologies help businesses and financial authorities to speak in common language.
We constantly monitor all the existing users' profiles to manage the risks associated with your customers. The system will notify you if the user has been put on a Sanction list or his document has expired, so, you can react immediately in case of any changes.
Enhanced KYC verification
The platform is equipped with tools for completely automatic verification as well as for checks based upon human review which is complied to current European legislation to non-face-to-face customer identification in banking industry.