AN AWARD WINNING COMPLIANCE SOLUTION FOR QATARI BUSINESSES

Industry leading KYC/AML solution that screens your customers with speed and accuracy.  

Eltizam powered by Idenfo direct
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Now supporting KYC & AML for businesses in Qatar

A rapidly growing and reliable AML/KYC compliance solution in the UAE that has now introduced Name Screening for effortless customer onboarding in Qatar.

Our goal is to safeguard your customers’ interests and expand your business with the world’s quickest and most precise digital identity verification solution.

NEW REGULATIONS

As of recently Qatar is strengthening its efforts to combat financial crime through updated AML laws, resulting in increased Anti-Money Laundering requirements for businesses. Failure to meet these regulations may result in severe sanctions from the QFC Regulatory Authority.

QATAR CENTRAL BANK GUIDELINES ON AML PROCESS

The “Qatar Central Bank Guidelines on AML Process” outlines various provisions and requirements related to Anti-Money Laundering (AML) and Combating Terrorism Financing (CFT) for financial institutions in Qatar.

Understanding KYC requirements for DNFPBs in Qatar

DNFPBs are regulated by laws issued through the Financial Action Task Force (FATF) as well as the Qatar Central Bank (QCB). These laws exist for the protection of your business and well as the larger financial market, and many are enforced through penalties and fines. and how Eltizam Solutions can help you fulfill the requirements of the law.

Implications and penalties

In case any of these laws are not followed, it can result in major fines and penalties for a business.The following are the details on said penalties.

IDCard

Exhibit compliance and transparency

The obligation to perform screening is no longer limited to banks, as companies are now under greater scrutiny and may face penalties for inadequate customer screening.

Expand your business with confidence

Utilising automation technology, our Name Screening process offers a comprehensive solution to protect your customers’ interests and facilitate business expansion.

Stay ahead of regulatory compliance with our diverse solutions

PEP Check

Gain access to a vast array of comprehensive data sets, derived from government sources, enabling you to easily detect politically exposed persons and any closely associated individuals.

Sanctions Check

Conduct rigorous screenings against updated government regulatory and law enforcement watchlists, along with over 100 International and National Sanctions lists, to ensure compliance with the latest regulations.

Adverse Media Check

Access an AI-driven analysis of news related to financial crime and money laundering to facilitate due diligence efforts.

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Document Scanning

Documents we support

Residents

Qatar ID cards

Qatar IDs issued by the government of Qatar

Passports

Passports issued by the government of Qatar to screen the nationality, name, and DOB of customers.

Non-Residents

Passports

Passports issued by country of birth to carry out Name Screening.

Visas

For expats only

Transform your Compliance processes

If you’re searching for a compliance-focused digital onboarding platform, Idenfo Direct is the perfect fit. Our Name Screening feature is fully automated, ensuring that your business stays compliant and secure. Streamline your compliance processes with our efficient solution.

How does Name Screening work?

Name Screening is a vital aspect of AML and KYC compliance, which entails verifying the names of customers and employees across different watchlists and databases. Its purpose is to identify high-risk individuals, such as politically exposed persons, who may pose danger to a company’s financial stability or reputation.

WITH OUR SOLUTION ENSURE

Idenfo Direct MENA: Digital Onboarding Platform

AML/CTF Compliance

Avoid non-compliance with comprehensive global PEP and sanctions data for screening.

Real-Time Risk Identification

Stay informed of changes in risk status, with real-time alerts.
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Automated Onboarding

Stay informed of changes in risk status, with real-time alerts.

High Customer Satisfaction

Meet regulatory obligations while maintaining high customer satisfaction rates.

Subscription plans that are made for you, and grow with you

STARTER

$58

/Month

ESSENTIAL

$118

/Month

BUSINESS

$198

/Month

CORPORATE

$278

/Month

ENTERPRISE

$338

/Month

STARTER

$598

/Year

ESSENTIAL

$1058

/Year

BUSINESS

$1998

/Year

CORPORATE

$2798

/Year

ENTERPRISE

$3398

/Year

Find out more about our packages

Let us help you grow your business

Secure, frictionless, & fully compliant digital onboarding.

Keep up with Idenfo Direct

Don’t miss out on our latest features and stay ahead of the trends in identity verification

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