"Inquiring about the validity of Non-Document User Verification as a suitable method for user onboarding compliance?"
Sumsub, a leading provider in the verification industry, offers a comprehensive Non-Document Verification solution that ensures regulatory compliance in over 220 countries and territories worldwide. This solution is designed to adapt to the dynamic regulatory requirements of various jurisdictions, providing a tailor-made approach to ensure 100% AML compliance and security, even in high-risk cases.
The Non-Document Verification solution supports secure onboarding globally, following Sumsub's compliance framework. It is used where local laws permit non-documentary identity verification during the onboarding process. This flexibility allows Sumsub to include or exclude countries based on market conditions and risk factors.
In specific regions, the solution is designed to comply with regional regulations. For instance, it adheres to the European Economic Area (EEA) countries' laws, which include GDPR and AML/CFT regulations. Sumsub's workflow builder allows operational teams to fine-tune verification criteria by country, ensuring compliance with specific local user onboarding regulations.
For those seeking a deeper understanding of where non-documentary verification serves as a compliant user onboarding method and how it works, Sumsub provides a Non-Doc Compliance Guide. This guide offers detailed insights into the legitimacy of Non-Doc Verification in various countries, as outlined on the Legal Substantiation and Limitations page.
Sumsub's platform also offers additional services such as Transaction Monitoring and Document Verification. Regular updates to the list of compliant countries are made based on global legal investigations, ensuring that the solution remains current and effective in the ever-evolving regulatory landscape.
In summary, Sumsub's Non-Document Verification solution offers a broad yet tailored approach to user onboarding regulations, ensuring compliance in over 220 countries and territories where such verification methods are allowed. It is a valuable tool for businesses seeking to streamline their verification processes while maintaining regulatory compliance and security.
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