Blog
The Evolution of AML Compliance from Checkbox to Risk-based Approach
Financial institutions are exposed to several money laundering threats, as criminals today are we...
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Understanding AML Sanction Lists: Key Global Regimes and their Importance
Sanction lists are expanding regularly and sanctions imposed by different authorities do not alwa...
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Swipe Right on Facial Verification for Secure Online Dating
In today’s COVID-ridden world, in-person dating is deemed very risky due to the spread of the vir...
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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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Top 10 Cybersecurity Trends for 2021
Cybersecurity in 2020 became the biggest challenge thanks to the COVID-19 pandemic. Global lockdo...
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Customer Identification Programme (CIP) vs Know Your Customer (KYC) | What’s the Difference?
Often, people confuse CIP and KYC and think both are the same. Customer Identification ...
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Global Expansion, Digitization, and Crimes – How Shufti Can Help Financial Industry
The financial industry has seen significant technological changes over the past recent years. Man...
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Age Verification Laws and Regulations Worldwide
The world has become increasingly digital, making it easier to access age-restricted products, se...
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Document Verification Checks: Streamlining the Onboarding Process for New Customers
Verifying documents is critical to regulatory compliance, risk assessment, and many organisations...
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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, Financial Crime / AML
AML Screening in the light of Compliance Regimes Around the Globe
AML compliance is inevitable for all types of businesses around the globe. The regulatory complia...
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Top 4 Reasons that will Increase Money Laundering Risks in 2022
Unlike other frauds, like like tax evasion, drug trafficking, extortion, and misappropriation of ...
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Securing Identities with Photo ID Verification
ID verification has seen unprecedented growth not only in the processes but also in the crime com...
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AML Compliance – Addressing Financial Crime Challenges in the UAE’s Banking Sector
The United Arab Emirates (UAE) is fast becoming the world’s most reputable financial hub, but the...
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UAE’s Crypto Landscape – Eliminating Financial Crime to Ensure Regulatory Compliance
The UAE is the Middle East’s rapidly growing cryptocurrency hub that is experiencing a heated-up ...
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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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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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High-Risk Customers in Banking and How EDD Can Help Identify Them
In this age of digitisation, banks and other financial institutions face a high risk of money lau...
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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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Simplify Payment Processes with Biometric Authentication
A developing trend that is altering how customers handle their money is the use of biometric auth...
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Blog, Identity & KYC
Why You Need to Verify Identity Online
5 Unusual Ways Stolen Identities Can be Used Online
The need to verify identity in the digital sp...
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Know Your Investor | Understanding Which Investors to Onboard
Investor onboarding is regarded as one of the most critical stages of the business’s lifecy...
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5 Ways Face Recognition Will Become More Prevalent in 2023 and Beyond
During the covid pandemic, many businesses updated their access control systems to facial recogni...
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The Evolution of Video KYC: Revolutionise the Fintech Industry
FinTech encompasses financial organisations’ use of computing and communications tools to b...
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The Most Common Use Cases of Identity Document Verification
As data breaches and other crimes increase, regulators must impose strict rules that corporations...
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The Most Common Bank Scams and How e-IDV Can Help
Protecting customers against diverse types of fraud is a continual practice for banks and credit ...
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Biometric Technology, Blog
Biometric identification Analysis and Facial Recognition Technology
Identity verification services might have been the most innovative and effective way to cut down ...
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Blog, Financial Crime / AML
FSA demands greater AML Compliance from Japanese Crypto Exchanges
In a recent move, Financial Services Agency (FSA), the Japanese Financial regulator, has demanded...
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Halloween and the Spooky Scams – How identity verification helps?
Halloween is just around the corner and so do the scammers ready to exploit the opportunity. Whic...
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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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China’s New Data Security and Personal Information Protection Laws [2022 Update]
For the purpose of identification, interdiction, and prevention, many governments, regulators, an...
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Shufti to Revamp Customer Experience with Enhanced Video KYC UX
Would you ever want to use a product that is hard to understand? A McKinsey Report revealed that ...
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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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The Power of Identity Verification Solutions in Ensuring Risk-Free Recruitment Operations
Over the recent years, the employment industry has undergone significant changes, from mass offbo...
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Risk Assessment – Helping Businesses Determine High-Risk Customers
The 2008 financial crash was a pivotal event in shedding light on the detrimental impact of lacki...
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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, 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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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, Online Marketplace
KYC for Financial Institutions
E-KYC for Financial Institutions
Imagine you’re the owner of a brokerage firm. You’re not exactly...
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How Businesses Can Leverage Optical Character Recognition Technology in 2023
Optical Character Recognition (OCR) has revolutionised how businesses gather, process, and analys...
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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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Age Verification: Data Privacy and User Protection
In recent years, there’s been a lot of speculation surrounding the issue of whether or not ...
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Shufti’s Address Verification Service – A Key Step in Digital Identity Verification
The rapidly developing technology of today is altering how consumers browse for things online. Th...
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Debunking the Top 5 Misconceptions about KYC Compliance
Know Your Customer (KYC) compliance suffers from the issue of unintentional secrecy. Businesses h...
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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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OCR technology for businesses – Its applications and benefits
Optical Character Recognition (OCR) technology provides a business solution that automates data e...
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KYC Checklist: A Comprehensive Guide for Businesses and Financial Institutions
In the ever-evolving landscape of finance, having a solid defence against financial crime is cruc...
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Is NFC Really the Future? The Mystery Solved!
We arguably live in a world that is now dependent on technology. From online payments to online e...
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From Fraudsters to Artists – The Dire Need of AML Compliance for NFTs
Over the past few years, NFTs or Non-Fungible Tokens have become popular in the crypto sector. Ac...
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AUSTRAC’s ML/TF Risk Assessment Report on Foreign Bank Branches [Part 3]
This blog makes the third chapter of our four-part series on AUSTRAC’s report on the Banking Sect...
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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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Synthetic Identity – A New Form of Identity Fraud for 2019?
Synthetic identity fraud (SIF) is a comparatively new form of identity theft that has gripped the...
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Blog
Identity Verification – Building Trust and Combating Scams in Online Dating
Since the beginning of civilization, humans have always preferred to live in communities. This co...
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Blog, Financial Crime / AML
Shufti integrates AML Compliance into its end-to-end Verification Services
Shufti has now launched AML compliance in its set of identity verification services to provid...
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Blog
Shufti to Revamp Customer Experience with Enhanced Video KYC UX
Would you ever want to use a product that is hard to understand? A McKinsey Report revealed that ...
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Blog
How Will Simplified Due Diligence SDD Help Industries in 2024?
For businesses, the due diligence process is an integral part of the Know Your Customer programme...
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Ensuring Compliance and Preventing Losses Due to Fraud in the Banking Sector
Banks are thought to be the most important part of the financial system, playing a vital role in ...
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The Trade-off Between Fraud Losses and Compliance Costs in the Banking Sector
The modern era’s demand for digital-first services in sectors ranging from e-commerce, online dat...
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The Role of Biometrics in Combating Money Laundering and Identity Fraud
The fast-paced growth of biometric technology and its widespread adoption in the financial and he...
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6AMLD of EU – A detailed insight
European union’s another anti-money laundering directive is in the pipeline. And this time the un...
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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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Blog
Customer Identification Programme (CIP) vs Know Your Customer (KYC) | What’s the Difference?
Often, people confuse CIP and KYC and think both are the same. Customer Identification ...
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Blog
5 Best Practices to Combat Identity Fraud on Social Media Platforms
Social media has demonstrated extraordinary growth in the past decade as a result of improvements...
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Strengthening digital businesses with online age verification
It is projected that by the end of 2021, 2.4 billion will buy products and services online, up 46...
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De-Risking and Anti-Money Laundering Screening – How Shufti Can Help FIs
Every firm providing financial services must stay put with the existing compliance and follow new...
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Blog
Secure Your Digital Presence | Combat Transaction Fraud and Cyberthreats with IDV
Financial crimes, especially payment and transaction fraud, have seen a massive surge in recent y...
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Blog, Business Technology
The demand for OCR Technology increasing for ID Verification
ID verification is core to overall identity verification services that help business around the g...
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Blog, Identity & KYC
KYC and AML Compliance can help cryptocurrencies to earn legitimacy
Cryptocurrencies are currently limited in use by virtual currency enthusiasts or by lottery bidde...
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Blog, Identity & KYC
How Real ID Act enables Digital KYC Services for US Customers?
Digital KYC Services for US based customers are in debt of Real ID Act as it streamlined the proc...
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Harnessing the power of AML Screenings to Uncover Politically Exposed Persons [PEPs]
Since the last decade, governments and financial institutions have been trying to limit corruptio...
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KYC Outsourcing vs. In-House Systems – What Should Businesses Opt For?
KYC requirements for financial institutions throughout the world come with a basic need for imple...
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Address Verification: Types, Benefits, and Best Practices
Improving customer service and combating fraud frequently requires swiftly gathering and confirmi...
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