Blog, Identity & KYC
Which KYC Documents are Required for Customer Verification?
Name, Rank, Brigade, and Serial Number. That’s the only information military organizations across...
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Effectiveness of the UK’s Economic Crime Bill in Combating Financial Crime
The Russian invasion of Ukraine has resulted in a surge in financial crimes in the UK as Russian ...
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Know Your Customer (KYC) vs Customer Due Diligence (CDD): What’s the Difference?
Ensuring robust identity verification processes is necessary with the ever-increasing n...
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Talent Acquisition Fraud – Hiring Legitimate Candidates with Identity Verification
Along with the rise in virtual and remote work, the number of cases of recruitment fraud is incre...
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FATF’s Travel Rule: A New Dawn of Regulations for Virtual Asset Services
Here at the start of 2021, there is much uncertainty regarding the coronavirus situation, whether...
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Blog
KYC and AML: The Key to Secure BNPL Services in 2023
Seems like Buy Now Pay Later (BNPL) services have taken the world by storm, with 360 million user...
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Blog, Fraud Prevention
What is Loan Fraud and How to Detect it?
Loan fraud simply means when someone uses your identity to illegally obtain a loan. The crime has...
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How to protect your online gaming platform from ID frauds?
Gone are the days when online gaming was only restricted to LAN parties. With the development of ...
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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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A Detailed Insight Into Australia’s Gaming and Gambling Regulations
In recent years, the online gaming and gambling industry has experienced significant growth as te...
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How machine learning changed facial recognition technology?
We are entering a new era of fast and secure authentication clubbed with a perfect storm of digit...
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Blog, Financial Crime / AML
AUSTRAC tightens regulations for enhanced AML Compliance
Australian regulator AUSTRAC has imposed a multi million dollar fine on Commonwealth Bank of Aust...
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11 Common Mistakes End-Users Commit During KYC – Shufti
KYC identity verification is one big challenge for end-users. Your customers might be making a lo...
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Designing a Risk-free Customer Onboarding Flow for the Freelancing Industry
Freelancing websites saw an increased demand during the pandemic, and the trends continued to ris...
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Online Payment Fraud and the Role of AML Transaction Monitoring
Imposing travel restrictions worldwide after the COVID-19 pandemic led to an unprecedented surge ...
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Securing Mobility as a Service (MaaS) with Shufti’s Digital Identity Verification Solution
The transport industry is on the verge of significant disruption, with new emerging technologies,...
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AML Screening – Revealing the True Identities of Ultimate Beneficial Owners in Businesses
Hiding the Ultimate Beneficial Owners (UBOs) behind a business is never a good sign. However, som...
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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
6 industry experts explain the role of KYC in cybersecurity
Cybersecurity is no more limited to firewalls and antiviruses. It is protecting your system, empl...
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Anti-Money Laundering Screening – Enabling Financial Institutions to Handle Suspicious Activities
Financial crime is becoming a global concern, yet it’s often tough to spot. That is why gov...
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How Can Businesses Detect Arbitrage Sports Betting?
Various gamblers have investigated and exploited potential weaknesses in betting markets for mill...
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Adverse Media Screening Requirements and Why Do FIs Need It?
The financial services industry is under a lot of regulatory requirements recently, and for all t...
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Strengthening E-commerce Security with KYC Regulations
Facilitating customers to shop online, anytime and anywhere, eCommerce has revolutionised digital...
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Identity Verification – Addressing the Challenge of Fraud in the Telecommunications Sector
Transforming technology, growing digitization, and increased use of online transactions have acco...
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Safeguarding Ride-Hailing Services with Identity Verification Solutions
With the global digitization, mobility services are known to the world before the pandemic has ir...
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Transaction Screening Vs Transaction Monitoring | What’s the Difference?
Transaction screening and transaction monitoring are critical in money laundering, counter-terror...
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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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Blog
A Comprehensive Guide to AML Compliance [2020]
Anti-money laundering (AML) laws are the primary target of regulatory authorities. These regimes ...
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Blog, Fraud Prevention
6 Steps of Online Fraud Prevention for Businesses
With the rapid development in the online retail industry and banking industry, there is an increa...
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Blog
A Brief Insight into Social Media Scams – How Shufti’s IDV Solution Helps
There is no doubt that social media has its benefits in contemporary times. With the growing tech...
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ID Verification – What new KYC Services Shufti launched in 2018?
Shufti started 2018 with an aim to fight the menace of digital fraud, identity theft, and onl...
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Identity Verification – Safeguarding Pharmaceutical and Controlled Substance Sales
With emerging technologies, the pharmaceutical industry has transformed significantly, and rapid ...
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Blog
Blockchain and cryptocurrency security Guide
Online bitcoin business might have experienced a slump in recent months but still, it remains to ...
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Blog
Adverse Media Screening Requirements and Why Do FIs Need It?
The financial services industry is under a lot of regulatory requirements recently, and for all t...
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Blog
Know Your Customer – Addressing the Risks of Financial Crimes in Challenger Banks
With emerging technologies, financial services are witnessing a digital revolution that is changi...
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Two-Factor Authentication – A Firewall Against Social Engineering Attacks
Businesses and financial institutions around the globe often report concerns of financial crimes ...
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Blog
AML Compliance for the Crypto Sector – How VASPs Can Adhere to the Regulations
With cryptocurrencies gaining traction and entering the mainstream, financial regulators are asse...
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Blog
Significance of Facial Recognition Technology in FinTech Fraud Detection
Compliance with Anti-Money Laundering (AML) requirements is challenging for financial organisatio...
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Supplementing blockchain with KYC offers endless possibilities
While you may be tempted to think that decentralized and anonymous blockchains are safe because t...
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Anti-Money Laundering (AML) Screening | Combat Online Gambling Scams Effectively
Online gambling has seen significant adoption in the past few years because of the convenience, v...
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Blog
The Case Against Cryptocurrencies: Where is it Banned & What’s Causing the Crackdown?
Cryptocurrencies have long been viewed as the core of illicit activities by numerous governments ...
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Red Flags to Detect Money Laundering in the Finance Sector
As the digital landscape continues to evolve at an exponential rate, so do our tools for fraud- d...
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Money Laundering in the Real Estate Sector – How Shufti’s AML Services Help
Purchasing luxurious mansions is always an attractive way for money launderers to legitimize thei...
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Shufti donates 10 million free ID verifications to help fight fraud amid COVID-19
Coronavirus took the world into clutches forcing people to adopt isolation and businesses are com...
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Top 7 Gambling Trends to Look Out for in 2023
Going from a few billion dollars to over $81 bn in a matter of a decade is astronomical for any i...
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Russian Sanctions Evasion – Is the Art Industry the Next Target for Money Laundering?
As regulatory authorities are seizing the yachts and real estate belonging to Russian oligarchs, ...
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How Age Verification Protects the E-commerce Industry From Potential Risks
Online shopping has become the new normal since the COVID-19 pandemic struck. With digital produc...
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Blog
A Brief Insight into the AML and CFT Framework of Thailand
Thailand has become quite a popular and well-reputed financial hub, attracting investors worldwid...
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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
Infographics
To develop a simple and easy understanding of e-KYC and the role played by Shufti’s digital i...
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The ‘What’, ‘How’ and ‘Why’ of Sanctions Screening | A Basic Guide
International collaboration and cross-border transactions have become the norm in our interconnec...
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Know Your Patient (KYP) – the next big thing in health care
Its high time the hospital industry must think beyond providing just giving medical assistance to...
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Blog, Online Marketplace
Fraud Protection services for Online Retail Businesses
Online Marketplace faces Chargeback issues
Fraud Protection Services are an integral part of reta...
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Identity Document Verification | Revolutionising Customer Onboarding
Companies worldwide are undergoing a radical digital transition to keep up with today’s lig...
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Blog, Identity & KYC
Biometric Identification is On the Rise in Education Sector
An acceptable method of identification i.e. biometric technology is hitting the education industr...
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Five Things you Need to Know About Shufti’s Digital Identity Verification
The growing digital fraud, stringent KYC and AML regulations put in place, and the increasing bur...
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Blog
Digital COVID Pass: Automated COVID Report Verification
The worsening situation of the pandemic has forced authorities to impose restrictions on several ...
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Blog
Overcoming the Challenges of Proliferation Financing with AML Screening Solutions
On September 23rd, the 2021 UK NRA (National Risk Assessment) was published as part of the govern...
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Blog
Identity Verification entails a lot more than customer verification
Identity theft and digital fraud are on the rise. Cybersecurity is of essence for all the organis...
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Blog
Facial recognition technology grooving into cruise ships for ID verification
No more boarding frustration, no more standing in the queues for hours…
The travel industry is re...
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Blog
Securing Investment Industry with Shufti’s Investor Verification Solution
In this tech-driven world, perpetrators and organized crime groups are adopting sophisticated met...
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Blog, Fraud Prevention
6 Steps of Online Fraud Prevention for Businesses
With the rapid development in the online retail industry and banking industry, there is an increa...
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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
AML/CFT Regulations of Hong Kong: Paper Over Cracks?
On September 15, 2021, Hong Kong’s Securities and Futures Commission issued consultation conclusi...
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Biometric Technology, Blog, Identity & KYC
ID Verification API – Smooth Integration With Online Systems
The financial services (FS) sector has the highest ever recorded abandonment rate of 83.6% amongs...
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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
KYC Verification – Defeating Anonymity on Social Media Platforms
In the introductory phase, social media platforms were merely a small part of the internet where ...
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Blog
A Comprehensive Guide to Choosing a Perfect e-KYC Solution for Businesses
Most of our processes, including financial and business dealings, have now shifted to online plat...
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Blog
SEPA Instant Credit Transfer Schemes – Disrupting the Financial Sector in 2023
There is no denying the fact that the financial industry has vital importance in the contemporary...
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EDD in Banking: Going Beyond CDD to Establish Trust in the Digital Age
With technological advancement, hackers are also becoming smarter to bypass verification processe...
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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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Deutsche Bank’s Epstein Fine – Lesson for Financial Institution
High-risk clients pose a serious threat to banks. Over the past few years, a significant number o...
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