Stay compliant and onboard customers faster in Cape Verde
Country overview
Country overview
As a member state of the Financial Action Task Force (FATF) and the Intergovernmental Action Group against Money Laundering in West Africa (GIABA), Cape Verde has implemented KYC/AML regulations in line with international standards.
Regulatory overview
Regulatory overview
KYC/AML regulations
AML/KYC regulations in Cape Verde are enforced by a number of regulators including the
- Banco de Cabo Verde(BCV),
- Securities Exchange Commission (SEC),
- Unidade de Informação Financeira (UIF)
The primary legislation governing KYC/AML in Cape Verde Is Law No. 17/VI/2002
Data protection regulations
The National Commision for Data Protection (CNPD) enforces Cape Verde ’s data protection laws via the Cape Verde National Commision of Data Protection (NCDP).
Institutions are required to obtain users’ consent before processing and transferring personal data. Users are entitled to the erasure of their personal data upon request.
Accurately verify users in Cape Verde
Stay compliant, prevent fraud and streamline your user verification process for customers across Africa with Smile ID. Verify users with confidence with:
The most extensive ID coverage on the continent
99.8% recognition accuracy for faces of all skin tones
A solution that is compatible with any device
Documents we verify in Cape Verde
Give users the flexibility to verify their identity using any of the following ID documents. All we need is a document photo and a selfie.
Cape Verde National Identity Card
The national identity cards in Cape Verde are issued by the Civil Registry and Identification Services (Serviços de Registo Civil e Identificação, SRCI) and it’s the primary KYC document in Cape Verde.
Cape Verde Passport
Passports issued by Serviço de Estrangeiros e Fronteiras (SEF) may not be popular but are an acceptable KYC document.
Cape Verde Driver’s License
Drivers licenses issued by National Transportation and Security Agency (ANTS - Agência Nacional de Transportes e Segurança Rodoviária) can be used to verify the holder’s identity.
Verify Cape Verdeans using ID documents
Verifying users with ID documents and biometric face matching is one of the most reliable ways to determine a user's true identity. Our ID document verification solution checks that an ID document is authentic, accurately transcribes the text on the document and compares a user-submitted selfie to the document image.
Transcribes document text with 96% accuracy
Checks for accurate format
Identifies tampered and forged documents
Verifies security features
Scan your document
Our image capture tool guides users to take clear photos even with older devices.
Smile for a selfie
We ensure a real user is behind the camera by asking them to smile to test for liveness.
Get real-time results
In a few seconds, we will confirm the document is authentic and belongs to the user.
Ready to get started?
We are equipped to help you level up your KYC/AML compliance stack. Our team is ready to understand your needs, answer questions, and set up your account.