Anti Money Laundering, Blog, Business Technology, Identity & KYC
Customer Due Diligence: From KYC to KYB
Why CDD is significant for both Know Your Customer and Know your Business verification?
Banking i...
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Blog
Build Trust and Secure Online Dating Platforms with Identity Verification Solutions
Online dating scams, such as the one filmed in the recent Netflix Original documentary “ The Tind...
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Age verification regulations demanding better compliance from businesses
“Youth is the hope of our future.” Jose Rizal
It is no secret that the youth is a valuable asse...
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Blog
The FATF Travel Rule: What Business Owners Must Know
The rapidly evolving landscape of technology and cryptocurrency has made the regulation of digita...
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Blog, Business Technology, Fraud Prevention, Identity & KYC
Face Verification – One Solution for Several Identity Frauds
Biometrics is the technology that verifies the unique personality traits of a person to identify ...
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Blog
Identity verification solutions to fight against faces of fraud
In this digital world, billions of smart devices are circulating, connecting and communicating wi...
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Blog
Anti Money Laundering – What is AML compliance and why is it important?
Anti-money laundering compliance is vital for obliged entities and being conversant with AML comp...
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Anti Money Laundering, Blog, Business Technology, Financial Crime / AML, Identity & KYC
Global Economies are joining forces with FATF against money laundering
Financial Action Task Force (FATF) has been very keen on eliminating financial crime (money laund...
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Blog
AML Screening – Identifying and Eliminating the Risks of Money Laundering in Businesses
Eliminating the risks of financial crime in businesses has never been easy and has been identifie...
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Address Verification: The Cornerstone of Elevating Customer Experience
Today’s highly emerging technology is changing the way consumers shop online products. Given the ...
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Blog
10 Frequently Asked Questions about Real-time Document Verification
As we’re propelled deeper into digital transformation, techniques employed by scammers are ...
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Blog, Online Marketplace
ID Verification Ensuring Safety Deals in Real Estate Sector
Buying and selling properties for people are major, thought-provoking decisions. It requires week...
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Blog
Gambling Compliance or Data Protection? The Puzzle is Solved!
The evolving regulations for the gambling industry are likely to increase compliance challenges i...
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Blog
Top 10 Biometric Technology Trends to Watch For in 2022
Biometric innovations in present times have manifested various technological advancements and the...
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KYC Verification – The Need for Customer Due Diligence in Co-Working Spaces
The development of coworking platforms has led to a business transformation that brings security ...
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Trade-Based Money Laundering – How Shufti’s AML Screening Solution Helps
International trading instruments have significant features that are making them potentially attr...
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Blog
Top 10 Biometric Technology Trends to Watch For in 2022
Biometric innovations in present times have manifested various technological advancements and the...
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Blog
5 Key Cybersecurity Threats for 2020
Cybersecurity threats have become remarkably common and they continue to gain traction with the p...
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AML Compliance – How to Steer Clear of Cryptocurrency Crimes
Bitcoin, Ethereum, Dogecoin, and Tether along with thousands of other cryptocurrencies are rising...
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ETSI Identity Proofing Standard – How to Meet the New Regulations
Rapid digitization trends have led banks and financial institutions into competition for providin...
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Biometrics technology a key to key-free world
In 2016, the biometric market in the United States reached $3.52 billion U.S Dollars and is expec...
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Impact of COVID-19 on disruptive Fintech industry
The economy and society worldwide are affected by the corona crisis. The effects of COVID-19 on b...
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AML Compliance in High-End Vehicle and Yacht Sales
High-end vehicles and expensive properties are the universal status symbols that represent the ex...
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Blog
Addressing Business Challenges Using OCR Scanner
OCR text recognition is similar to how humans process and store information through reading. The ...
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Blog
Shufti Marks 4 Years of Streamlining KYC and AML for Global Businesses
October 2021 marks four complete years since the launch of Shufti. As years begin to stack, t...
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Anti Money Laundering, Blog
How is Libra’s Launch Changing the Cryptocurrency Landscape?
Libra will have to go the extra mile to prove itself worthy of global acclaim that it aims to ach...
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Blog, Financial Crime / AML
“Brexit” Greasing the Wheel of Money Laundering
Brexit is in the global news for many years. The reason is that several countries have their stak...
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Blog
Crypto Regulations 2021 – The Updated Compliance Regime in France
Within the last two years, France’ cryptocurrency landscape has experienced significant milestone...
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Blog, Financial Crime / AML, Fraud Prevention, Identity & KYC
The FinTech Industry: A Snapshot
What is FinTech?
Financial technology, known more commonly as FinTech, is a term that refers to t...
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Blog
Travel Industry – Trends, Scams, and a Solution to Combat Fraud
The modern world is filled with surprises for everyone nowadays. Be it individuals or enterprises...
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Blog
Fighting Deepfakes with Fool-Proofed Identity Verification Systems: How Shufti Can Help
Undoubtedly, 21st century is the most innovative time period in human history. With every passing...
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Artificial Intelligence, Blog
What are the 3 Stages of Money Laundering and How Can AML Checks Combat Fraud?
Criminals and organized crime groups have become creative and sophisticated in concealing sources...
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Blog
Securing Public Facilities with Touchless ID Verification Kiosks
Due to the coronavirus pandemic, social distancing became the utmost need of the hour. Given the ...
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Blog
Know Your Player – Preventing Identity Fraud in Sports Events
The ongoing trend of globalizing sports activities since the last few decades has resulted in a l...
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Blog
First-party, Second-party and Third-party Frauds – How to Stop them?
Most businesses don’t lose customers because of poor services but due to weak security measures. ...
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Blog
Brazil’s Updated Regulatory AML Guidelines for 2023
Money laundering, corruption, and drug trafficking are prevalent issues in Brazil, the world’s se...
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Biometric Authentication – A Solution Against Fraud Detection
Biometrics technology is the way forward for identity verification services as they allow for qui...
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Blog
Social Media Platforms and Increasing Crimes – How Shufti’s ID Verification Services Can Protect
The rise and evolution of social media have completely transformed the way people communicated an...
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Blog, Business Technology, Fraud Prevention, Identity & KYC
Face Verification – One Solution for Several Identity Frauds
Biometrics is the technology that verifies the unique personality traits of a person to identify ...
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Blog
7 Best KYC and Fraud Prevention Tips for Online Businesses
With the explosion of internet and web applications, the online interaction between consumers and...
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Blog
The Digital Black Market for Identity Data
The collection, purchase, or trade of customer data is big business. Unless organizations and ind...
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Blog
UAE’s Targeted Financial Sanctions (TFS) – How Shufti Can Help Ensure AML Compliance
Money laundering has always remained a huge challenge for global economies, and all the major jur...
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The Role of KYC Protocols in Safeguarding the Future of Cryptocurrency
Despite volatility in the crypto sector, millions of individuals access their services worldwide....
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Shahid Hanif’s Take on Shufti’s Five-Year Journey of Winning the Fight Against Fraud
The financial sector constantly faces new and emerging challenges in fighting sophisticated fraud...
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Passport Verification: Preventing Document Forgery and Identity Theft
In our current era of modern interconnection, global travel has become more accessible than ever,...
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Blog
Top 10 Identity Verification Trends to Look Out for in 2022
Did you know identity fraud is growing at a faster than ever rate? Businesses across the globe ar...
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Blog
Acquiring a Security Foothold in Hybrid Workspaces with Facial Recognition
In 2020, companies experimented with different ways of working as the result of lockdown and Covi...
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KYC and AML For Fintech | A Comprehensive Guide to Fraud Prevention
Since governments worldwide are increasing the pressure to regulate, compliance has become a key ...
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Blog
Curbing Real Estate Crimes and Hunting Down Russian Investors with Shufti’s AML Screening Solution
The real estate industry has become attractive to money launderers in the same way it is to any l...
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Digital Wallet Fraud | How AML Screening Solution Can Help
Digital wallets are becoming everyone’s go-to transaction method and the total number of e-wallet...
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Rise of Money Laundering in UAE – How Financial Institutions Can Comply with New Regulations
The UAE certainly earned its spot in the top 10 global financial centers with unprecedented growt...
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Blog
Know Your Patient (KYP) | 4 KYP Compliance Trends for 2024
Nothing is more constant than change, and this is never more evident than in the Know Your Patien...
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The Rising Concern of Financial Crimes in the Metaverse – AML Screening as a Solution
The digital world is evolving at a greater pace than ever before. The Metaverse is considered a d...
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Enhanced Due Diligence Vs. Customer Due Diligence – The Practical Approach to Counter Cybercriminals
The nature of digital operations is changing, and users are now preferring to use remote services...
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AML Compliance in the FinTech Industry’s Uncertain Regulatory Landscape
Financial technology (FinTech) exists to improve and automate the delivery of economical services...
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Implementing Robust Anti-Money Laundering Checks for the Insurance Sector
Insurance companies play a decisive role in the considerable growth of an economy. It turns accum...
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Eradicating Financial Crimes in Online Gambling using NFC Verification
Emerging technologies have altogether revolutionized the online gambling industry and instead of ...
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AML/CFT Compliance – Why Australia is a Safe Haven for Money Laundering
Recent inquiries and cases against major Australian casinos have raised questions about the measu...
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Gambling Regulations in Germany Lay Ground for Robust Player Verification
User engagement towards digital platforms has been growing at an exponential pace for the past fe...
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Blog
Biometric Authentication – How Do Fraudsters Try to Bypass These Checks?
Biometric authentication is one of the ideal ways of dealing with fraudsters. Unfortunately, crim...
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Blog, Fraud Prevention
ID Verification Trends to Curb Online Frauds
Automated Identity Verification Can Play a Significant Role in Fraud Management
Fraud management ...
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Blog
How Artificial Intelligence is taking ID verification to the next level?
Identity theft is deemed as a growing problem. Particularly with the increase in online shopping,...
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Blog
Online Dating Activities, Surging Crimes and Shufti’s IDV Solution
Matchmaking is considered one of the oldest industries in existence, online dating is now having ...
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Blog, Financial Crime / AML
Challenges of AML Compliance under FinCEN
AML Compliance for US based Cryptocurrency companies has been tightened by Financial Crimes Enfor...
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Blog
Dirty Funds & Tax Evasion – Can the Crypto Sector Be Safeguarded?
2021 has turned out to be another eventful year for the cryptocurrency sector. In just a span of ...
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Real Estate Crimes – What Meets the Eye is not only AML Compliance
Cleaning black money has always been the incentive behind every financial crime. Owing to this fa...
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Blog
6 Industry Experts Share Their Thoughts on NFC ID Verification
Thanks to the growth of contactless transaction systems like Apple Pay, NFC is now a mainstream t...
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Blog, Identity & KYC
Identity Proofing – Prevention from Data Breaches
World economic forum states that Cyberattack is mapped as one of the top threats to global stabil...
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Blog
Fraud Detection, Compliance, and ID Verification Solution to Secure the Telecom Industry
The telecommunication industry has played a crucial role in global digitization, innovation, and ...
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Blog
Money laundering and UAE’s KYC/AML Regulatory Regime [2022 Update]
The United Arab Emirates (UAE) has become the world’s most exotic and well-reputable financial hu...
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Anti Money Laundering, Blog, Financial Crime / AML
US Treasury opposes European Commission AML Country List
The European Commission has adopted a new list of 23 countries which lack appropriate framework f...
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Blog, Fraud Prevention
Identity Theft – One Fraud Multiple Facets
Identity theft is a global crime. All types of identities, including the financial, medical and b...
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