Luxury retail — from watchmakers to car dealers — is now firmly in the spotlight of anti-money-laundering authorities. Across Europe, new thresholds mean that cash transactions above €10,000 require full KYC verification.

In Spain, Switzerland, and Italy, luxury boutiques must verify client identities and monitor for suspicious behavior just like banks do.
This has changed the way high-value sales are conducted, requiring digital identity tools right inside the store.

How snapID supports:
snapID delivers a POS-ready AML solution, enabling boutiques to perform ID checks, proof-of-income validation, and PEP/sanctions screening directly via iPhone or tablet. Compliance has never been easier or more seamless for the client.