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AML Compliance – Mitigating Financial Crime Risks in the Payments Industry
After the Covid-19 pandemic gave rise to the digital payments trend, the world has seen rapid gro...
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DoorDash Falls in the pit of Data Breach – Affects 4.9 Million Users
Security breaches are increasing in number with every passing day. This keeps on happening. It wo...
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FinTech and FinCrime – The Global Regulatory Landscape
Also known as financial technology, FinTech is now among the fastest-growing industries. This sec...
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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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Anti Money Laundering, Blog
Danske Bank Scandal: Banks Under Strict AML Scrutiny of FSA
Money laundering is becoming a global phenomenon. As per the United Nations Office on Drug and cr...
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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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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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GDPR Checklist – Practices to adopt as Business Norms
It’s been a little over eight months since the GDPR came into effect on 25 May 2018. From that po...
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May 2023 Recap: The Latest Global Regulatory Updates
Technological advancements have paved the way for scammers to perpetrate various financial crimes...
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CCPA Compliance Checklist – Is your business ready?
With the world moving towards digitization, organizations have a customer base from all around th...
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10 High-Risk Jurisdictions for Money Laundering According to FATF
Innovations like stablecoins and non-fungible tokens (NFTs) created quite the hype in the past ye...
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Digital COVID Certificate Verification: Prevalent Problems and Viable Solutions
Following the rollout of viable vaccines to combat COVID-19, the prospects of normalcy are on the...
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KYC/AML Compliance – A Safeguard Against Money Laundering in the NFT Market
The instability in the non-fungible token (NFT) sector can be seen in the record sales of $25 bil...
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Face Verification – Trends and Benefits for the Corporate World in 2021
Face verification technology has gained popularity over the past few years. A biometric authentic...
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Effective AML Compliance – Top 5 Tips for Businesses in Australia
Given the significant increase in money laundering and terror financing activities, many countrie...
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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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Blog
Cyber Monday Scams on the Rise Due to COVID-19
Thanksgiving – a day that reminds us of all the bounties of Mother Nature that we should be...
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Blog
The Top 10 Advantages of OCR for Business Owners
In our current data-driven and digital world, many organisations struggle with vast quantities of...
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Blog
Why Do Freelancing Platforms Need KYC?
Technological advancements came with several betterments for humans. Where every industry is bene...
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Securing Business Operations with Address Verification in 2024
A key component of enhancing customer service and reducing fraud is gathering and validating addr...
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Social Media Platforms and Increasing Crimes – How Shufti’s ID Verification Services Can Protect
The rise and evolution of social media have completely transformed the way people communicated an...
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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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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, Identity & KYC
Know Your Patient: Anti-Fraud Pill for Healthcare Industry
Know Your Patient: The healthcare industry is more prone to data breaches than any other industry...
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Blog
4 Ways How Technology Can Simplify KYC and AML Workflow Management
While the terms AML and KYC are used interchangeably, there is a huge difference between the two....
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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
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, Reg Tech
Here’s How Compliance to KYC and AML Regulations May Help Crypto Rebound
Cryptocurrency was the talk of the day in the months and even years leading up to the present wee...
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Customer Due Diligence Checklist – Is Your Business Compliant?
Compliance regulations can be a challenging task for the financial services sector and fulfilling...
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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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Disruptive Fintech Trends 2020
Fintech has changed the way consumers access their finances. From mobile payment apps to insuranc...
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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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Top 5 Industries that AI will Transform in 2021
Artificial intelligence is becoming a comprehensive and encyclopedic term to describe any innovat...
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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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Blog
Top 6 Reasons Why RegTech Will Improve AML Compliance
Global fines imposed to deter money laundering increased by 50% in 2022, alarming businesses tha...
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Blog
The Truth Around DeFi Compliance – Bridging the Transparency Gap
Financial markets around the world have seen increased popularity with the advent of decentralise...
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Blog
Dirty Funds & Tax Evasion – Can the Crypto Sector Be Safeguarded?
2021 has turned out to be another eventful year for the cryptocurrency sector. In just a span of ...
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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
KYC & AML Regulations in the UK: An Ultimate Guide
Financial crimes have been around since the invention of money. Some argue that their origins are...
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Blog
Protecting eCommerce Platforms and Mitigating Crime Risks with Shufti’s IDV Solution
The term e-commerce was tossed back in the 1960s, with the rise of electronic commerce in which t...
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Artificial Intelligence, Blog
What are the 3 Stages of Money Laundering and How Can AML Checks Combat Fraud?
Criminals and organized crime groups have become creative and sophisticated in concealing sources...
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Blog
5 Ways how IDV Provides an Active Defense Against Fincrime
Identity theft, account takeovers, and data breaches… The world has seen enough cybercrime ...
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Blog
KYC/AML Compliance – A Roadblock for Money Mules and Illicit Fund Transfers
Cybercrimes are becoming increasingly complex and diverse in the era of digitization, with frauds...
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Blog
Embedding online identity verification methods for enterprise security
The internet knows a lot about us now. And businesses are using this information to verify our di...
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Blog
Risk Assessment: Building Trust in Crypto Exchanges
Other than following AML and KYC laws, crypto exchanges have a huge responsibility on their shoul...
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Blog
Top 5 Reasons to Incorporate Identity Verification into Your Hiring Process
From widespread layoffs to the urgency of hiring as soon as possible, the job market has drastica...
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Blog
May 2023 Recap: The Latest Global Regulatory Updates
Technological advancements have paved the way for scammers to perpetrate various financial crimes...
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Blog
An inside look at the need for AML in the e-gaming industry
Data analytics and trends show the penetration of the population into console-based online video ...
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Blog
A Basic Guide to Smurfing and the Role of AML in Combating It
Scammers employ various strategies to conceal illegally acquired funds, and one increasingly prev...
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Blog
How identity verification can help prevent Medical Identity Theft?
Digitization is reshaping the future of healthcare. With the healthcare industry, having more res...
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Blog
Politically Exposed Person – An unsaid threat to Businesses
A politically exposed person or PEP is the one who has been assigned to perform prominent public ...
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Blog
Top 10 Biometric Technology Trends to Watch For in 2022
Biometric innovations in present times have manifested various technological advancements and the...
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The Most Common Cryptocurrency Scams and the Role of e-IDV
Cybercrimes and scams are rampant across the digital space, and cryptocurrency is no different. W...
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Blog
How Shufti’s KYC Solution Can Ensure Compliance and Help in Battling Identity Fraud
With booming technology and rapid digitization, a large number of businesses are adopting the dig...
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Blog
KYC/AML Compliance – A Roadblock for Money Mules and Illicit Fund Transfers
Cybercrimes are becoming increasingly complex and diverse in the era of digitization, with frauds...
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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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Analyzing the UK and US Gambling Industry by Numbers
Businesses and people in the gambling sector are aware of the risks involved and what are their p...
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Blog
The Ultimate KYC Checklist for 2023 to Ensure Regulatory Compliance
Non-compliance cost businesses billions of dollars. Regulators have charged financial firms with ...
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Blog
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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Blog
The Role of Digital Identity in Business-Customer Relationship
Dealing with any business online have you ever wondered where this relationship would go? We all ...
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Replay Attacks – Another Rising Threat for Businesses in 2021
As technology advances, more and more solutions are available for making lives convenient. Unfort...
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Blog
What 5 Businesses Have to Say About Shufti’s Digital AML/KYC Services
Various industries throughout the world are being transformed through automation thanks to the on...
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Proof of Income: The Most Common Types of Documents Used to Determine a Client’s Financial Status
Proof of income is a vital requirement in many financial and professional contexts. Recently, the...
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Corporate Transparency Act – The Road to Better AML Compliance
According to the latest reports, the United States ranked number 1 for not complying with the ant...
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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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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
KYC & AML Regulations in the UK: An Ultimate Guide
Financial crimes have been around since the invention of money. Some argue that their origins are...
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Blog
E-Signature Verification | Why Businesses Should Consider Adopting It
Physical paperwork is a thing of the past now. It is a time and labour-intensive task that requir...
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Blog
Know Your Patient | Secure Patient Onboarding and Preventing Healthcare Fraud
Technology advancement, automation, and digitisation have paved the way for unprecedented growth ...
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Blog
Dirty Funds & Tax Evasion – Can the Crypto Sector Be Safeguarded?
2021 has turned out to be another eventful year for the cryptocurrency sector. In just a span of ...
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Blog
KYC Verification – Ensuring Regulatory Compliance in Sports Betting Platforms
With the growth in organised crime and its infiltration into the sports betting market, businesse...
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Blog
Building Trust in Health and Telemedicine Services With Shufti’s Facial Biometric Verification Solution
Telecommunication technology in the healthcare industry is already widely used and is expanding t...
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