Shufti Identity Verification & AML Platform

Shufti is an identity verification and compliance company founded in 2017 by Shahid Hanif and Victor Fredung, with offices in London, Tigard (USA), Helsingborg, Dubai, Singapore, Hong Kong, Lahore and Limassol. It helps banks, fintechs, crypto exchanges, brokers and other regulated businesses onboard customers and businesses remotely while meeting KYC and AML rules.

The platform covers KYC with document, face and liveness, address, age, NFC, video identification and document-free electronic ID checks; KYB with company registry, ultimate beneficial owner and due diligence checks; AML screening against sanctions, PEP, relatives and close associates and adverse media; transaction monitoring; and fraud defences including deepfake detection, behavioural biometrics and device fingerprinting. Shufti serves more than 2,000 businesses across 240+ countries and regions through APIs, SDKs and a back-office dashboard.

• Identity verification: Checks documents, faces, liveness, address, age and NFC chips.
• Video and eIDV: Offers VideoIdent sessions and document-free electronic ID checks.
• Business verification: Verifies company registries, beneficial owners and due diligence forms.
• AML screening: Screens sanctions, PEP, relatives and adverse media lists continuously.
• Transaction monitoring: Flags illicit or fraudulent activity in real time.
• Fraud defences: Detects deepfakes with behavioural biometrics and device fingerprinting.

A licensed Vietnamese digital asset exchange can verify users, screen them against sanctions lists and apply travel rule checks. A brokerage serving foreign investors can verify passports and beneficial owners remotely. A B2B payment platform can run KYB on merchants across Southeast Asia.

Shufti reports onboarding in under one minute and more than 90% reduction in manual ID checks, with customer quotes citing a 99% successful verification rate. A free tier of 10 verifications per month and per-verification pricing from 1.50 USD let smaller firms start quickly. One vendor covers KYC, KYB, AML and monitoring across 240+ regions.

Identity fraud is rising sharply in crypto and online financial services, and new rules such as the EU AML Regulation and crypto travel rules are spreading to Asian licensing regimes. Firms serving cross-border customers increasingly want one vendor for KYC, KYB and AML across many countries.

Founded in 2017; London is listed as the first office, with further offices in the USA, Sweden, UAE, Singapore, Hong Kong, Pakistan and Cyprus. Lists iBeta Level 3, ISO 27001:2022, SOC 2, PCI DSS, Cyber Essentials Plus and GDPR. Awards include Brit Fintech ID Innovator of the Year 2025 and Datos Insights Impact Awards 2026.