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KYC & AML Solution for Algeria

In this age of ever-evolving digitalization, financial technology or FinTech is revolutionizing global financial systems - and beyond. Not only has FinTech transformed how financial institutions assess risk, make decisions and manage operations, it has also paved the way for digital start-ups to thrive with analytics- and data-based finesse. Bank of Algeria is the central bank of Algeria and based in capital Algiers. The main objective of the this Algiers-based regulator is to verify the safety of the financial positions of banks, monitor, and supervise them to ensure the soundness of their financial situations and protecting the rights of depositors and shareholders in accordance with the provisions of the effective legislations. Mobile and online banking, e-payments and new regulations will be important areas of development moving forward. While the scope of Know Your Customer (KYC) OCR is constantly expanding, ID with Face or Facial Verification is still a crucial first step in KYC processes.


AML and Sanctions Screening for Algeria

In Algeria, AML Sanctions screening is essential for Financial Institutions and Banks to detect, prevent and manage sanctions risk. Customer or Name screening is designed to identify targeted individuals or entities during on-boarding or the lifecycle of the customer relationship with the Banks and Financial institutions in Algeria.


The aim of completing due diligence, in this context, is to prevent and deter money laundering, terrorist financing and other financial crime such as fraud. By completing due diligence, identifying and understanding who your customer is you can mitigate any potential risks that they may bring to your organization concerning financial crime.


AML & Sanctions Screening Watchdogs:

Accura Scan maintains a comprehensive AML watchlist for Algeria which enables efficiencies by streamlining the workflow for list screening, processing results, and record keeping.


  1. US OFAC
  2. AML and Specially Designated National (SDN),
  3. Gramm-Leach-Bliley Act (GLBA)
  4. Driver's Privacy Protection Act (DPPA),
  5. Adverse media
  6. PEP
  7. Asia/Pacific Group on Money Laundering (APG),
  8. Caribbean Financial Action Task Force (CFATF),
  9. The Council of Europe Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism (MONEYVAL),
  10. Financial Action Task Force on Money Laundering in South America (GAFISUD),
  11. The Middle East and North Africa Financial Action Task Force (MENAFATF)

These robust databases of high-risk individuals and entities enable fortification of screening-out bad actors in the identity verification process with authoritative sanctions data.


Accura Scan Supports below Cards for Algeria

Passport

Passport requirements for Algerian citizens are administrative entry restrictions by the authorities of other states placed on citizens of Algeria. As of 02 July 2019, Algerian citizens had visa-free or visa on arrival access to 50 countries and territories, ranking the Algerian passport 94th in terms of travel freedom (tied with the passport of Central African Republic) according to the Henley Passport Index.


National ID Card

Identity Cards issued to adults are valid for 10 years from the date of issue. For minors, its 5 years. A national identity document ("ID", "ID card", "identity card", "IC", "citizen card" or "passport card") is an identity card with photo, usable as an identity card at least inside the country, and which is issued by an official authority.


Algeria's Driving License

In Algeria, a driving license is not a mere document that you need to carry around at all times. It is proof of identity as well. In today's digital age, driving license is issued in the form of a smart card. These cards have their own set of benefits over the traditional diary-like driving license.


Vehicle License Plate

In Algeria, Accurascan supports AI OCR systems that allows identification of vehicles by their registration plates in real environments. The system of vehicle number plate detection and recognition is used to detect the driving license plates by extracting the text from an image on plates using OCR. It is mainly used by police forces around the world for law enforcement purposes, including to check if a vehicle is registered or licensed.


Bank Credit / Debit Card

Bank credit and debit card verification service and recognition by OCR using AI is the fastest way to analyze the Individual's transaction information. Our combination of machine learning and AI technology can automate many card related business processes via our APIs and SDKs. This lets all the organizations scan and process bank cards automatically and securely with Accurascan. Not only this, but Accurascan's OCR engine also prevents manual data entry errors with high-quality data extraction on cards.


Ahli United Bank
EasyPay
Mastercard
Orange
Edenred
Decurtis Corporation
KLUCZ Mobile
Japan Tax Free Shop
CivilFun
TUI
musafir
Check In Check Out
CoinMetro - Innovation Powered by Crypto
ACME Document Imaging
Top Glove Corporation Berhad

Accura Scan Digital ID Verification & KYC

With Accura Scan you can scan ID Cards, Passports, Driver's Licenses, Visas and other Identity Documents in just a few seconds with Face Biometrics and 3D Liveness Check for Remote, Real time User Authentication.

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