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Morpho Labs Partners with Shufti Pro to Perform KYC/AML-Compliant ID Checks
Morpho labs has collaborated with Shufti Pro to run KYC/AML checks on investors that wanted to fund the company with cryptocurrencies.
By: Shufti Pro
With global regulators imposing stringent KYC and AML requirements on the cryptocurrency industry in recent years, effective KYC solutions have become vital for streamlining compliance. AI-powered KYC and AML services delivered by Shufti Pro will assist Morpho Labs in maintaining compliance with regulatory requirements.
Automated ID verification solutions offered by Shufti Pro will monitor Morpho Labs' investors, assuring the mitigation of financial frauds through cryptocurrencies. Shufti Pro's AML screening solution verifies the crypto users by screening them against Politically Exposed Person (PEP) lists, global sanctions, and criminal watch lists gathered by regulatory bodies such as FINTRAC, FATF, AUSTRAC along with others. With the help of these services, compliance targets and digital ID fraud prevention will be achieved seamlessly in one go.
"Shufti Pro definitely helped us to perform KYC and AML checks for funds that invested In Morpho Labs with cryptocurrencies" stated CEO of Morpho Labs Paul Frambot.
Commenting on the partnership, the CEO of Shufti Pro, Victor Fredung said, "We are excited to join hands with Morpho Labs in delivering state-of-the-
AI-based identity verification solution provider Shufti Pro (https://shuftipro.com/
About Morpho Labs
Morpho Labs is developing open-source blockchain programs for a fairer and more transparent financial system.
About Shufti Pro
AI-powered digital identity verification solution provider, Shufti Pro, offers KYC, KYB, and AML services in 230+ countries and territories. The company provides solutions built on the principles of trust, authenticity, and transparency. Given the ability to verify 3000+ documents, Shufti Pro authenticates documents in 150+ languages with an accuracy rate of 98.67%. Through its AI-driven efficient verification services, the company aims to create a secure digital marketplace devoid of identity theft and other fraudulent activities.