Blog
What You Need to Know About Switzerland’s Crypto AML Rules by FINMA
Switzerland is historically famous for being a global hub for gold. However, the new digital gold...
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Blog, Fraud Prevention
Fraud Prevention through Secure Payment Processes
Here’s a question, why do people always say things like “the good days”? The fact is a number of...
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Blog
Secure Ride-Hailing Services – Building Trust Through NFC Verification
Despite the fact that modern ridesharing has only been operating for approximately a decade, it h...
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Blog
The Growing Risk of Wash Trading and Money Laundering – How Shufti Can Help
The Non-Fungible Token (NFTs) market exploded last year and became one of the most popular buzzwo...
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Blog
The Real Cost of Convenience: Securing
E-Commerce in the Age of Instant Gratification
In just a few years, E-commerce has transitioned from a simple, modern convenience to the backbon...
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Blog, Identity & KYC, Online Marketplace
How KYC for ICOs can Make Cryptocurrency Great Again?
Give people a mode of money transaction free from banks. That was the thought behind cryptocurren...
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Blog
5 AI-Powered Products to Boost Digital Experiences Post Covid
If there’s one thing financial institutions understood within the first year of global shutdowns ...
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Blog
Blockchain and NFTs – Setting New Standards for Cybersecurity and Identity Management
Non-fungible tokens (NFTs) are an evolution over the emerging concept of cryptocurrencies. As fin...
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Blog
5 Key Questions about Facial Recognition Answered by Experts
Technology has definitely made life convenient but comes with a gazillion concerns from anyone wh...
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Blog
Anti-Money Laundering Screening | Securing Digital Economies from Financial Crimes
The increased reliance on digital banking and the advent of virtual currencies in today’s d...
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Blog
NFC Verification – Securing Large-scale Events from Frauds
Large-scale events are a great way for imposters to execute their illicit plans. Data breaches, m...
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Blog
UK’s On-Demand Culture – Building Trust & Security with Digital ID Verification
People across the world are spending more time on the internet ever since the pandemic struck the...
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Blog
How biometrics in visa process reduce travel difficulties
Biometric technology is enhancing the travel industry in many ways. Factors that drive the secur...
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Blog, Fraud Prevention
Face Verification Technology Grooving in the Education Sector
We are now in a golden age of face recognition. The main reason for rapid adoption is recognition...
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Blog
Effective Sanctions Screening | A Guide for Compliance Professionals
Sanctions are crucial in combating financial crimes and maintaining national and international se...
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Blog
New KYC Regime for the UK, US, and Australia – What’s in it for Financial Institutions?
Financial institutions are known for getting their reputation maligned due to crimes like identit...
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Blog
European Payments Initiative Calling for IDV Solutions
The rise in the popularity of Visa and Mastercard in Europe, both US-headquartered companies, was...
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Blog
Safeguarding the Art Market with Shufti’s AML Screening Solution
Non-fungible tokens (NFTs), blockchain-powered title deeds tied to a virtual or physical asset, h...
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Blog
KYC Checks in Crypto | A Key to Secure Digital Assets
In the last thirteen years, the crypto industry has redefined the financial sector. At the same t...
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Blog
Age Verification: Comply with Global Regulations or Face Reputational Damages
In the digital age, businesses that operate online face a significant challenge when verifying th...
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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
Transaction Monitoring: Going Beyond AML Screening
Whether you are an accountant in Wall Street or a developer for Google, money laundering will not...
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Blog
The Definitive Guide to Anti-Money Laundering & Countering of Terrorist Financing
In this modern globalized era, money launderers, terrorist financiers and other criminal elements...
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Blog
Facial Recognition to Reshape the Retail Industry in 2020
The explosion of facial recognition technology in our smartphones – for instance in iPhone ...
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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, Financial Crime / AML
Impact of Bitcoin Addresses’ Sanctions on IDV Providers
The technology enhancement is being done at an exponential rate around the world. As the tech kee...
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Anti Money Laundering, Blog, Identity & KYC, Reg Tech
RegTech – FATF Guidance for Digital Identity Verification
Regulatory authorities have recognized the benefits of technology and its use for seamless regula...
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Blog
Combating Money Muling Activities With Shufti’s AML Screening Services
The coronavirus pandemic has brought about unusual changes in industries and lifestyles across th...
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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
ICOs blocking investors from USA and China – Why and How?
Initial Coin Offerings, more commonly known as ICOs, are all the rage in modern day financial wor...
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Blog
Enhancing Trust in eCommerce with AI-powered Identity Verification
eCommerce in today’s world involves utilizing evolving technologies to ensure convenience for cus...
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Blog
Louisiana Age Verification Compliance Updates 2024
Age verification is crucial for online tasks like purchases and communication. The inte...
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Blog
Gaming Industry Crimes and KYC/AML Solutions – What Shufti Can Offer
From the world’s glitziest gaming development to betting shops on the high streets, the global ga...
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Blog, Business Technology
4 Fintech trends to look forward in 2019
FInTech has come a long way from being a mere futuristic technology and has achieved scalability ...
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Blog, Reg Tech
Effect of the Amendment to the FINMA Compliance on IDV Service Providers
In the first quarter of the year 2018, the Swiss Financial Market Supervisory Authority rolled ou...
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Blog, Identity & KYC, Online Marketplace
Importance of Identity Proofing for Facebook & Social Media
For years, social media has been used as a tool for increased connectivity. Both businesses, as w...
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Blog
The UK “Children’s Code” – Laying New Grounds for Age Verification
A 12-month grace period for compliance with a set of standards, introduced for protecting childre...
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Blog
KYC in Crypto Exchanges – Hitting the Nail on the Head
A few years back, startups related to ICOs (Initial Coin Offerings) were in full swing, driving t...
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Blog
Understanding the Difference Between Money Laundering and Embezzlement
Money laundering and embezzlement are two financial offences involving the movement of significan...
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Biometric Technology, Blog
How Liveness Detection is an apt Answer for Facial Spoof Attacks?
The world went haywire on the launch of the new iPhone X; well, to be honest, when does it not? H...
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Blog
Cryptocurrency Market and Financial Crimes: How to Handle Transaction Monitoring
The adoption of cryptocurrencies by both individuals and businesses has exploded in the last 12 m...
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Blog
Banking Scams: Top 5 Predictions and How to Stay Safe in 2023
The most recent fraud statistics will make you uncomfortable.
Fraud cases are rising – relentless...
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Blog
How Two-Factor Authentication Enhances the Security of Digital Business Platforms
Considering the recent trends in fraudulent activities, it is evident that social engineering and...
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Blog
Sim Swap Fraud: A new battle in the war of your Identity
In our connected world, we are using mobile devices for communication, work, banking, and enter...
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Blog
AML/KYC 2020 – how 2019 changed the landscape of global regimes?
Copy pasting your 2019 AML/KYC compliance strategy to 2020 plan will not do the job. Businesses n...
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Blog
5 Effective Ways Shufti Combats First-party Fraud
After analysing fraud incidents of the previous year and the current one, we observed an interest...
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Blog
Estonia’s AML Act Amendments – Securing Virtual Currencies in 2022
Estonia’s financial institutions are developed and ensure transparency as its laws are well-defin...
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Blog
Enhanced Due Diligence: Identifying High-Risk Customers in the Banking Sector
The digitisation of our world and economies have introduced greater ease and efficiency to our pr...
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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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Blog
Identifying and Combating Trade-Based Money Laundering with Shufti AML Screening Services
The crime involved in trading is as old as human history. Where there is trade there is money inv...
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Blog
Cannabis Industry – Risks, Predictions, Fraud & KYC/AML Obligations
The ever-growing industries across the world are opening gates for numerous opportunities to gree...
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Blog
The Top Customer Onboarding Tips for Businesses
Today every business is competing to boost their retention rate and offer their audience a secure...
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Blog
Modern Financial Management: The Role of KYI in Safeguarding Businesses
With our digital ecosystem being full of threats, there is a significant possibility that the qua...
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Blog
AUSTRAC’s ML/TF Risk Assessment 2021 – Other Domestic Banks Report [Part 2]
Australia is an important member of the Financial Action Task Force and plays a substantial role ...
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Blog
KYC Isn’t Enough: Get Ready for the Future of Verification
Over the past few years, companies have been looking for more sophisticated identity verification...
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Blog
Kaseya Ransomware Attack – How to Protect Your Organization from Cyber Risks
Did you know that by 2021, a ransomware attack is projected to occur every 11 seconds, costing co...
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Blog
A Detailed Insight Into Canadian Gambling Industry [2022 Update]
Even though Canada is not among the world’s gambling capitals, this business thrives there. The c...
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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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Blog
A Basic Guide to Intelligent Character Recognition (ICR)
With technological advancement, businesses are finding new ways to leverage digital sol...
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Blog
Travel Fraud and the Crucial Role of e-IDV
The travel sector is booming in this age of digitisation, and air travellers are estimated to dou...
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Blog
The Expected No-Deal Brexit and AML/CFT Laws in the UK
The current prime minister of the UK Mr. Boris Johnson made a statement that the UK should be rea...
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Blog
Breaking the KYC Remediation Cycle through a Risk-based Approach
Banks have paid more than USD 30 billion over the past few years due to ineffective policies to c...
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Blog
Shufti’s Growth Skyrockets Above 100% in the Fiscal Year 2020
In 2020, Shufti witnessed a remarkable growth of over 100%. Together with this, it can comfor...
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Blog
How Effective is Transaction Monitoring in Fighting Financial Crime?
As per the United Nation’s calculations, nearly $2 trillion is laundered annually worldwide, adve...
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Blog
Understanding Digital Identity
What is Digital Identity?
In the digital world, your identity is made up of your p...
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Blog
COVID Passports – Bringing Convenience to the Travel & Tourism Sector
“Sorry, the earth is closed today.”
Tony Stark’s sarcastic dialogue became the worst possible re...
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Blog
Document Verification Services – The Secret Sauce to Keep Fraudsters Away
Forging someone’s documents is something bad enough but selling them on the dark web is just rubb...
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Blog
5 Benefits of Optical Character Recognition in the Classroom
Optical Character Recognition (OCR) goes beyond just processing documents and boosting businesses...
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Blog
Identity checks – A Profitable Business Strategy or Another Business Expense?
Online commerce is a necessity of every business these days. With nearly every consumer carrying ...
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Blog
How E-KYC is Overcoming the Hurdles of Financial Inclusion
The challenges associated with the global pandemic have risen at a bewildering speed and yet ther...
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Blog
Top 5 Digital Banking Trends to Look Out for in 2022
2021 was fundamentally geared towards surviving the pandemic and its aftermaths. The pandemic-acc...
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