Shufti Pro in Cyprus - Strengthening Digital Security and Compliance

Identity theft is an alarming concern globally across industries which is on a significant rise. ID theft cases will cost $10.5 trillion to businesses worldwide by 2025. Companies must implement modern verification methods as a defence against this threat. Shufti Pro protects business resources worldwide by leveraging the power of AI. Our global identity verification solution safeguards firms in over 240+ countries and territories with exclusive coverage in Cyprus. It is the go-to choice for companies to combat fraud and ensure compliance with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations.

Identity Verification - A Must-Have Business Solution

In the age of technology, fraudsters have adapted to modern ways to steal customer identity, with deep fakes and phishing attacks becoming common threats. Shufti Pro offers a complete defensive shield to combat these evolving threats.

The Need for Identity Verification in Cyprus

Financial transactions have become a global norm, but they come with a higher risk of cybersecurity breaches. Finding the right balance between digitization and data security is crucial for business success. Shufti Pro, with its 17+ distinct ID verification services and solutions, is here to help organizations strike that balance. Cyprus is one of the leading markets witnessing a rise in fraud cases, causing damage to business reputation and resources. With a current GDP of US$26.3 billion, Cyprus is a prime business avenue for local startups and international firms.

Shufti Pro: Trusted Identity Verification in Cyprus

To address the growing threat of identity theft and online scams in Cyprus, we have expanded our services in the region. Shufti Pro has launched a physical office in Cyprus, ensuring complete coverage. By entering Cyprus's dynamic market, Shufti Pro is set to help businesses comply with international financial regulations.

Regulatory Compliance Coverage

In Cyprus, three key entities, the Central Bank of Cyprus, the Unit for Combating Money Laundering (MOKAS), and the Cyprus Securities and Exchange Commission (CYSEC), ensure the country's financial sector operates transparently. To meet the stringent guidelines set forth by authorities like FATF and the OFAC. Shufti Pro ensures compliance seamlessly, helping businesses verify customers and other B2B partnerships.

Compliance with GDPR Principles

Our solutions are fully compliant with local country standards such as Cyprus's Data Protection Laws, enacted to comply with EU Directive 95/46/EC (GDPR). We make the global business marketplace safe with privacy protection and client data security by conducting data processing activities throughout our processes transparently, helping firms achieve all key objectives.

In Conclusion: Empowering Cyprus for Secure Digital Growth

As more businesses go digital, online fraud has become a growing concern in various sectors. Cybercriminals have found a hot avenue to make money through illegitimate means, which is why Shufti Pro has launched its services in Cyprus. We offer complete compliance and regulatory coverage to help businesses fight identity theft and money laundering while providing our clients with a seamless and secure experience.