Blog
AUSTRAC’s ML/TF Risk Assessment Report on Major Banks [Part 1]
Back in September 2018, the Australian Government provided AUD 5.175 million funding to AUSTRAC f...
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Top 10 AML Trends to Watch for in 2022
In 2021, the increasing scope of regulatory sanctions has affected businesses globally. The use o...
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KYC Services For ICOs – Why you need to have them now?
KYC services play a vital role in conducting an ICO in more than one way. They can make the entir...
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What Counts as Proof of Income? A Guide for Businesses That Need to Verify Financial Status
Verifying a person’s income isn’t just about numbers, it’s about trust. Whether you’re approving ...
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Blog
The Future of Identity Verification: Shufti CEO Shahid Hanif on Adaptability, Innovation, and Technology Leadership
As fraud threats become increasingly sophisticated and regulatory landscapes evolve, businesses m...
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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
AML Compliance – Global Watchlists that Businesses Need to Consider
Coordinated sanctions after the Russian invasion of Ukraine have made the headlines due to their ...
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Blog
7 Ways to Protect Business and Remote Staff from Cybercriminals
Businesses are facing ‘new normal’ as the workplace has shifted from offices to homes amid corona...
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Blog
On-Premises vs Cloud Services – Two Sides of the Same Coin
With the advent of technology, industries are streamlining all their processes and ensuring highe...
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Blog
NFC – Building New Grounds for Identity Verification
Near Field Communication (NFC) is based on the famous RFID technology. In 2002, Nokia was the fir...
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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
NFT Trading and Money Laundering – How Shufti’s AML Screening Helps Combat Financial Crimes
With revolutionary technologies and growing digitization, the digital version of artworks known a...
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Blog, Business Technology
What Due Diligence Means for Your Business
Due diligence is a process that helps banks and individuals to get to know in detail who they are...
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Blog, Identity & KYC
KYC Compliance – Strengthening Fraud Prevention Across the Globe
Know Your Customer (KYC)
The widespread availability of the internet has made our world more con...
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Blog
Holiday Season Scams – 5 Ways Identity Verification Can Help You
The holiday season brings in a lot of joy and harmony for everyone. From thanksgiving to new year...
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Blog
Legal Entity Identifier (LEI) — What it means and how it helps financial institutions?
The need for trusted digital communication in this age is crucial due to increasing cybercrimes. ...
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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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KYC Verification – The Significance of Identity Verification in the Telecom Industry
Increasing smartphone usage throughout the world has accounted for large amounts of data being sh...
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Restricting Criminals from Exploiting Investment Industry with Shufti AML Screening Solution
Investing the accumulated capital of investors in financial securities is the primary task of inv...
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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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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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Crypto Regulations 2021 – What Digital Currency Providers Need to do
Cryptocurrency has been a hot topic ever since its advent in 2009. The ability to draw investor a...
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Blog
A Comprehensive Guide to KYC and AML Regulations in the UK
The increasing number of financial crimes in the UK calls for stringent measures to safeguard the...
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Identity Verification Services — Fueling the Demand for Safe Gaming Experience
Modern gaming is the most recent evolution of online games that has enchanted gamers across the g...
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Blog
Secure the Fintech Future with RegTech
Financial Technology (Fintech) refers to the use of technological advancements in the financial i...
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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
Elevating Payment Security: The Crucial Role of Biometric Authentication
There has been a considerable rise in digital payment methods in recent years. People now prefer ...
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Blog
Know Your Investor (KYI) – Onboarding the Right Investors for Your Business
In today’s tech-driven world, financial operations are being transformed by emerging digital solu...
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Blog
E-KYC – The Next Step in the Evolution of KYC Verification
As the world shifts to digital applications, financial operations are being automated for added c...
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Blog, Online Marketplace
Why age verification matters to online businesses?
Identity verification services are fast becoming a business norm for companies that are enthusias...
Blog
Combating Modern ID Document Forgery: Threats, Trends, and Solutions
As criminal tactics grow more advanced in the age of digitization, forged identity documents have...
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Blog
AML Screening – Combating Money Laundering in Luxury Vehicle Dealings
Financial criminals usually look for priceless items like art, antiquities, as well as luxury veh...
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Blog
KYC Compliance – Identity Verification for Brokerage Companies & Trading Platforms
Online trading platforms provide businesses with the convenience to keep an eye on financial mark...
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How Global AML Regulations Safeguard Financial Processes from Money Laundering
Growing a business in any part of the world requires effective AML compliance measures as a neces...
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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, Online Marketplace
KYC for Banks: Reducing financial risk with a perfect digital solution
The banking sector has to tread a very balanced path between compliance regulations and customer ...
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Blog
Unfolding Telecom Frauds through Effective KYC Compliance
The growing adoption of smartphones has naturally spurred sharing of personal data. From providin...
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Blog
Top KYC Compliance Laws to Follow in 2023
The rising number of scams has put a dent in the financial sector’s reputation.
More than t...
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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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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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Top Applications of Facial Recognition Technology in the Digital Age
Facial recognition technology is biometric security in which an individual’s physical trait...
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Blog
AML & KYC Compliance – 5 Ways AI is Supporting the Fight Against Financial Crimes
Reforming AML & KYC Compliance Structures for Financial Institutions
The capabilities ...
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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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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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Blog
A Comprehensive Guide to Understanding Ultimate Beneficial Owners (UBOs)
Identifying UBOs and their control over a business is crucial for financial firms to meet regulat...
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Anti Money Laundering, Blog, Financial Crime / AML, Identity & KYC
Know Your Business-Pillar of Strength To AML Regulations
Moving in the world of technology, where every industry is going digital, there has been very les...
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Blog
KYC Verification – The Significance of Identity Verification in the Telecom Industry
Increasing smartphone usage throughout the world has accounted for large amounts of data being sh...
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Blog
OCR Solution: A Must-have for Every Business to Automate Workflows
Moving documents and files from one format to another is necessary during transactions and busine...
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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
3 ways to protect your organizations from coronavirus cyber security threat
Due to the spread of the coronavirus, the world adapts to new ways of working. Cyber criminals ...
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Blog
Top 10 Questions about AML Compliance Answered by the CTO of Shufti
The regulatory landscape is changing with time and a number of questions are arising. AML complia...
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Blog, Online Marketplace
How Identity Verification Solutions Can Make Summer Travel a Breeze and Generate Revenue?
The travel industry is a unique business category servicing clients from various destinations and...
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Blog, Online Marketplace
How Identity Verification Makes Remote Account Opening Efficient for Banks
Banks have a lot to benefit from the remote account opening service as it allows them to bring a ...
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Blog
Impact of Beneficial Ownership Transparency on Real Estate Crimes
The high price tags of real estate in the US open doors for corrupt politicians, kleptocrats, and...
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Blog
Top 6 Practises For Your Business To Pinpoint Key Risk Areas
As global industries continue to evolve and digitise, customer risk assessment has become a criti...
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How E-Commerce sites can prevent scams over Black Friday and Cyber Monday
For online businesses, customer authentication for internet payments is very crucial. An ever-inc...
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Blog
The Reality Behind Money Laundering through Environmental Crimes
Environmental crimes are among the most prevailing and profiting offenses present in the world. C...
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Blog
Addressing the Challenge of Money Laundering Risks for Payment Service Providers (PSPs)
During the last few decades, the financial industry has altogether revolutionized, and digital tr...
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Blog
AML Screening – Identifying Financial Criminals in the Art & Antiquities Sector
There is no doubt in the fact that art and antiquities are one of the sectors responsible for bil...
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Blog
Working from Home Spikes Demand for Digital Identity Verification
Due to the Coronavirus Pandemic, many businesses are grounded or are enforced to work from home. ...
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Blog
Instant Client Onboarding with E-KYC Screening
Technological Advancement and its Influence
The world needs to constantly evolve in order to surv...
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Blog
Identity Verification and Prevailing Crimes – How Shufti’s Proof of Verification Services Can Help
With growing digitization, emerging technologies, and increased use of online transactions, a hug...
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Blog
e-IDV: The Key to Fraud Prevention in FinTech
After years of enormous growth, investment in the fintech market declined in 2022. Susceptibility...
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Blog
Top 5 Challenges in Online Identity Verification
The online ecosystem of identity management is more dynamic than ever before. It’s a flexible and...
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Blog
How Does Digital Identity Verification Work For Income Verification
With the help of income verification documents, organisations can restrict the onboarding of high...
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Blog
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
High-Risk Countries and The Significance of AML/CFT Regulations – How Shufti Can Help
Money laundering and terrorist financing are becoming a global concern. To overcome the risk of c...
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Blog, Identity & KYC, Reg Tech
RegTech: The Case for Financial Inclusion
The FinTech industry has grown tremendously in recent years, introducing both scale and efficienc...
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Blog
Curbing Real Estate Crimes with AML Screening Solutions – How Shufti Can Help
In course of history, money laundering has always remained most complicated issue for governments...
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Blog
Online ID Verification – A Solution to Tax Refund Fraud
An increase in identity theft and tax fraud have become a major concern these days. Criminals are...
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Blog
Top 10 Questions about AML Compliance Answered by the CTO of Shufti
The regulatory landscape is changing with time and a number of questions are arising. AML complia...
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Blog, Fraud Prevention
8 Fraud Prevention Tips for a smooth business uptake in 2018
The Need for Fraud Prevention
As technology has evolved over the years, the way we do business ha...
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