Blog
How can AML play a role to impede the financing of terrorism?
Money Laundering and Terrorism Financing are global issues and there is no dispute regarding it. ...
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Identity Fraud on Social Media Platforms – How Shufti Keeps Fraudsters at Bay
With almost 70% of the world’s population interacting through social media platforms, businesses ...
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Biometric Authentication: Use Cases and Advantages
What is Biometric Authentication?
Biometric authentication refers to the process of using unique ...
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Video KYC – Ultimate Solution for Financial Institutions
With social distancing becoming the necessity during the pandemic, more and more companies began ...
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Blog
Insights Into Austria’s Biometric KYC Onboarding [2022 Updates]
Biometric authentication is considered a convenient approach for onboarding online customers that...
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Navigating the Changing Digital Finance Landscape 2023
The financial services sector has witnessed a rapid surge in the adoption of digital technologies...
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Blog, Online Marketplace
How Mobile KYC will revolutionize the Digital World?
Mobile KYC is the next frontier in Identity Verification services allowing greater access to busi...
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Blog
Periodic to Perpetual KYC — The Changing Landscape in Banks
The employment of effective Know Your Customer (KYC) procedures has long been a challenge for fin...
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Post-pandemic eCommerce Landscape Calling for Robust ID Verification Solution
During the coronavirus pandemic, the e-commerce industry has witnessed a significant increase in ...
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Ensuring KYC/AML Compliance In Cryptocurrency Firms – The Role of Shufti
With emerging technologies in the financial industry, cryptocurrency is picking up the pace, and ...
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The Benefits and Best Practices of Deploying Facial Recognition in the Workplace
With the rapid shift towards digitisation, keeping track of the most recent technological develop...
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5 RegTech Applications That Will Govern the Financial Regime in 2021
RegTech, short for Regulatory Technology, is the subset of FinTech which bridges the gap between ...
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Blog
A Basic Guide to Know Your Customer Online (2023 Update)
In our current digital landscape, where identity theft seems rampant, protecting personal informa...
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Anti Money Laundering, Blog, Financial Crime / AML
Mastercard’s EFM Compliance – Another Reason to Invest in Verification
The modern world is an era of technology. Moving into the fourth industrial revolution, digitizat...
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Facial Verification – Curing Fraud in the Healthcare Sector
Healthcare professionals continue to be hot targets of bad actors and cybercriminals, with attack...
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Digital KYC to Trace and Tackle High-Risk Customers
Customers are the assets and building blocks of any business. Customers are responsible for takin...
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KYC Compliance Will Become Your Competitive Edge
Businesses, particularly the financial services sector, have been observing Know Your Customer KY...
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KYC and Blockchain – The Foundation of a Secure Crypto Landscape
Blockchain technology has demonstrated fast-paced growth throughout the world and now faces the c...
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Blog
The Priorities – FinCEN Issues First Governmentwide AML/CFT Guidelines
What is the Goal of FinCEN’s AML/CFT Priorities?CorruptionCybercrimeFraudProliferation FinancingT...
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Blog, Fraud Prevention
Cryptocurrency Scams – Checklist for Protection
Headlines about some cryptocurrency exchange being hacked are not unusual. So far, hackers have s...
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Blog
Implementation of AML compliance – Challenges and fundamentals
With the advancement in security controls, financial businesses are becoming fraud and stress-fre...
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Understanding Risk assessment in the Gambling Sector
The e-gambling industry has always been lucrative for gamers. However, it has also been constantl...
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Strategic KYC/AML Checks for the Financial Industry – Staying a Step Ahead of Fraudsters
In recent times, the financial industry has witnessed significant technological changes which hav...
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Blog
5 Reasons to Invest in Intelligent Character Recognition Services
Businesses deal with a plethora of documents, ranging from accounting and finance to sales and ma...
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Blog, Identity & KYC
10 Quick Tips Regarding Identity Theft Protection
Identity fraud has grown substantially in the past two decades, and unfortunately, it is here to ...
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Blog
Ensuring KYC/AML Compliance In Cryptocurrency Firms – The Role of Shufti
With emerging technologies in the financial industry, cryptocurrency is picking up the pace, and ...
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Blog
Anti-Money Laundering (AML) Solutions – Ensuring Responsible Gambling and Data Protection
Like other industries, the gambling industry is also becoming a prime target of criminals. Howeve...
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Blog
Top 5 Trends to Revamp the Online Gambling Industry in 2022
In recent times, the online gambling sector has demonstrated continuous growth along with technol...
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Blog, Financial Crime / AML
AMLD5 Amendments in Prepaid Cards Transaction Threshold
In July 2018, the European Commission came into effect the 5th Anti-Money Laundering Directive (A...
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Blog
Record-Breaking Fines on Banks for KYC/AML Non-Compliance
Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance have been structured to make ...
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Blog
KYC and AML Compliance – Addressing the Challenge of Money Laundering in Online Trading Platforms
An online trading platform is a program where shareholders and traders deal through financial int...
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Blog
Biometric Authentication Technology – Everything you Need to Know
Nowadays businesses are looking for more secure systems for the sole reason of customer authentic...
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Blog
Age Verification – Ensuring the Protection of Minors on Digital Platforms
In today’s technologically advanced era, digital products and services have transformed the way s...
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Blog
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
Digital KYC – Protecting All Generations from ID Fraud
From baby boomers to Gen Z, identity fraud is the problem of all generations. Studies suggest tha...
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Blog
Transaction Screening: The Benefits and Challenges
Financial crimes are rising, wreaking havoc on organisations and individuals. The fraud rate has ...
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Blog
Digital Identity checks for secure and swift customer onboarding
The digital transformation of businesses continues apace, driven in part by regulations that mand...
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Blog
UAE Government Stepping Up Against Prevalent Crimes
The UAE is known for being home to flourishing businesses and providing a significant level of fi...
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Blog
Money Laundering Through Cryptocurrency: Red Flags and AML Risks
As the use of virtual assets becomes widespread, crypto firms have a major dilemma to deal with &...
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Blog
Know Your Donor (KYD) – Customer Due Diligence For Charities and NPOs
According to DoubleTheDonation, 45% of worldwide donors are enrolled in monthly donation programs...
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Blog
4 Reasons why KYB is Inevitable for your Business
When it comes to corporate collaborations, Know Your Business (KYB) is the ultimate source of sec...
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Blog
Warning Signs of ICO Scams and the Role of Identity Verification Service
If you have heard of Bitcoins and cryptocurrencies then you must have heard of ICOs or Initial Co...
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Blog
Ensuring KYC/AML Compliance In Cryptocurrency Firms – The Role of Shufti
With emerging technologies in the financial industry, cryptocurrency is picking up the pace, and ...
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Blog
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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Blog
COVID Certificate Verification – Mounting Cases of Worldwide COVID-19 Fraud
Where the coronavirus pandemic has been all about social safety protocols and vaccine distributio...
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Blog
The Relentless Rise of Fraud in the FinTech Industry – How CDD Helps
Fraud has always been on the rise ever since the advent of the FinTech industry. As perpetrators ...
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Blog
Optical Character Recognition (OCR) – Powering Shufti’s Document Verification
Trust is a key factor when it comes to doing business or getting financial services from banks. A...
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Blog
Third-party Due Diligence – Red Flags, Regulations and 5 Ways to Enhance It
The majority of businesses depend upon a third-party in one way or the other. Contractors, suppli...
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Biometric Technology, Blog, Fraud Prevention, Identity & KYC
Multi-factor Authentication is being defeated’ warns FBI
For years, online businesses and organizations have been adopting various strategies and defense ...
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Blog, Identity & KYC
What are the Different Types and Solutions of ID Verification?
Customer identification is not an option for some businesses, it’s a must. Ignoring due diligence...
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Blog
Age Verification: Use Cases, Significance and Regulations
This pillar post talks about the significance of digital age verification, how it works, what are...
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Blog
Shufti’s Ongoing AML Solution to Prevent Transaction Laundering
Online financial criminals are always finding newer ways to exploit financial infrastructures in ...
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Blog
Know Your Driver – Urgency of Identity Verification for Mobility service Providers
Scams have been at the forefront whenever a new tool is made available. The same goes for ride-sh...
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Blog
KYC/AML Compliance for Startups in the Financial Sector – How Shufti Can Help
As technology continues to transform the financial industry, the need for identity verification h...
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Blog
Biometric Authentication: Use Cases and Advantages
What is Biometric Authentication?
Biometric authentication refers to the process of using unique ...
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Blog
Verifying Donors and Origins of Charitable Funds with Identity Verification
Like any other financial institution, charity organisations are also equally vulnerable to moneta...
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Blog
Money Laundering Spikes High in the Gulf Region – What’s Next?
Given the rapid increase in FinCrime, the Gulf region is now working day in and day out to impose...
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Blog, Financial Crime / AML
Impact of Canada’s Evolving AML Regimes on Your Business
Canada’s AML regulations changed a lot in 2019. More rigid AML regulations are imposed on all typ...
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Blog
Metaverse and Money Laundering – How Shufti’s AML Screening Helps
For quite some time now, the world has been preparing itself for the latest development in multip...
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Blog
e-IDV | Combatting Fraud in a Remote World
Know Your Customer (KYC) is a method to identify and verify clients’ true identities and re...
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Blog
Analyzing and Balancing the Variables of an Effective Identity Verification Solution
Today’s constantly transforming digital landscape where technology empowers businesses fast-paced...
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Blog
Video KYC Verification – Reimaging Customer Onboarding in 2023
As technology is advancing so do fraudsters, ringing security alarms for financial businesses and...
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Blog
Deepfakes: AI Fraud Attacks Require Even Smarter AI Countermeasures. Now.
Verifying identities with advanced biometrics was already a challenge—then along came AI-generate...
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Blog
Enhancing the Effectiveness of KYC Checks with Shufti’s Forensic Document Verification
With emerging technologies and rapid digitization, identity fraud has become quite common, raisin...
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Blog
What are chargeback frauds and what do they mean for businesses?
The world we live in no longer seems to be honest and fair. A large number of individuals are par...
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Blog
Identification, Verification and Authentication – Cut from the same cloth
The modern era of technology has brought so many frauds to light. The digitized world has urged b...
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Blog
Gold Industry and Prevailing Financial Crimes – How Shufti’s AML Screening Can Help
Using gold for financial crimes has a long history and in many countries, jewellery is not only c...
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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, Financial Crime / AML, Identity & KYC, Reg Tech
Significance of AML Compliance in Money Services Business
The financial sector landscape is evolving with the advent of the FinTech industry. Many revoluti...
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Blog
Top 5 Payment Trends Transforming the Commerce Sector in 2021
Financial markets across the globe saw many unpredictable changes due to the pandemic last year. ...
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Blog
Biometric Authentication Technology – Everything you Need to Know
Nowadays businesses are looking for more secure systems for the sole reason of customer authentic...
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Blog
Shell Companies and Money Laundering: How to Combat Them?
Shell companies are notorious for all the right reasons. These entities often called ghost compan...
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