Anti Money Laundering, Blog, Business Technology, Financial Crime / AML, Identity & KYC
AML Compliance in EU Member States and Risks of Businesses
Making regulations is just the first step, the true game starts when it comes to implementation, ...
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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
April 2023 Recap: Major AML Fines and Key Events
With the world embracing digital transformation, scammers have adopted sophisticated strategies t...
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Blog
Know Your Donor (KYD) for NPOs – Red Flags that Charities Need to Consider
Like every other sector, non-profit organizations and charities are also vulnerable to financial ...
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Blog
KYC Verification – The Need for Customer Due Diligence in Co-Working Spaces
The development of coworking platforms has led to a business transformation that brings security ...
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Blog, Identity & KYC
How ID Verification via OCR can transform Digital World?
ID verification is hailed as the ultimate savior for businesses operating multiple digital channe...
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Blog
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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Blog, Identity & KYC
Digital KYC Streamlines Customer On-boarding Process
Shufti brings forth digital KYC verification services to perform identity verification proces...
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Blog
The Age Verification Advantage: Speed, Trust, and Privacy
Businesses operating in age-restricted industries like gaming, social media, and alcohol sales na...
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Blog, Identity & KYC
Geolocation Technology and its benefits for KYC Verification
KYC verification has come a long way from simply authenticating the official identity documents o...
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Blog
Know Your Investor | Sophisticated Investor Verification in Real-Time
In today’s data-driven digital world, organized crime groups and fraudsters have developed more s...
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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
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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Blog
AUSTRAC’s ML/TF Risk Assessment Report on Foreign Subsidiary Banks [Part 4]
This blog covers the last chapter of our four-part series on AUSTRAC’s money laundering and terro...
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Blog
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
E-Learning Platforms and Prevailing Crimes – How Shufti Can Help
The global pandemic is prompting a phenomenal increase in online service. From doing groceries to...
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Blog, Financial Crime / AML, Fraud Prevention, Identity & KYC
The FinTech Industry: A Snapshot
What is FinTech?
Financial technology, known more commonly as FinTech, is a term that refers to t...
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Blog
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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Blog, Fraud Prevention
Data Breaches in 2019 – A Year in Review
Stepping into 2020, the year 2019 has been on the rollercoaster in terms of security breaches. Da...
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Blog, Identity & KYC
Why You Need To Know Your Buyer
Online payments are fast replacing cash transactions with the top payment companies harboring 1bi...
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Blog
Biometric Facial Recognition – Combating Identity Fraud with Shufti’s IDV Solution
Since knowledge-based authentication and passwords were first introduced, security systems in ban...
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Blog
5 reasons why passwords are no more safe – What’s next?
Online platforms are using passwords to secure the privacy and data of their users – but ar...
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Blog
Top 5 Trends for the Government Sector in 2022
With the emergence of the new variant of COVID-19 “Omicron” in South Africa, it is possible that ...
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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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Blog
Curbing Financial Crimes and Securing Art Market With Shufti’s AML Screening Services
The global art industry is embracing digitization. However, the technological advancements and a ...
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Blog
Shell Companies and Money Laundering: How to Combat Them?
Shell companies are notorious for all the right reasons. These entities often called ghost compan...
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Blog
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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Blog
KYC in banking: How American banks can fight identity thieves?
In the present globalized, fast-evolving sphere, revolutionizing KYC (Know Your Customer) is cruc...
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Blog
Understanding and Implementing Age Verification Requirements in Accordance with the FDA Deeming Rule
Youth is considered the most valuable asset for any country, and it is the government’s responsib...
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Blog
Transaction Monitoring – Establishing A Defense Mechanism Against Financial Crime
With the rapid increase in the global volume of monetary transactions, money laundering methods a...
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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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Blog
Six Ways to Protect Your Business from Christmas Scams
Christmas is around the corner and all of you must be very excited to decorate christmas trees, e...
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Blog
The Ultimate Guide to Central Know Your Customer (CKYC)
Due to the increasing rates of financial fraud, keeping detailed data on each client is more impo...
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Blog, Financial Crime / AML
What is PEP Compliance and Why do Financial Institutions Need it?
For Politically Exposed Persons (PEPs), an inter-governmental body established in 1989, Financial...
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Blog
The 5 Pillars of Anti-money Laundering Compliance
Imposters often “launder” money acquired through illegal activities, like drug trafficking, so th...
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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
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
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
Identity Fraud and Risk Assessment: An Ultimate Guide for 2023
Customer onboarding and business relationships always come with associated risks that must be han...
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Blog
Expanding and Securing Financial Services with Shufti’s Video KYC Solution
In recent years, Know Your Customer (KYC) has gone through significant digital transformations. B...
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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
Shufti Turns Three – A journey of building trust globally
October 31, 2020, marks the third anniversary of Shufti and three successful years of buildin...
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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
6 Ways Identity Verification Will Unlock Digital Transformation in Airlines
Airlines were particularly negatively impacted by the Covid-19 pandemic, and the situation was fu...
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Blog
Top 7 COVID-19 Related Scams and Frauds to Look For in 2021
It has been more than a year since the COVID-19 pandemic took the world by storm. Where the globa...
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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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Anti Money Laundering, Blog, Business Technology, Financial Crime / AML, Identity & KYC
Global Economies are joining forces with FATF against money laundering
Financial Action Task Force (FATF) has been very keen on eliminating financial crime (money laund...
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Blog
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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Blog
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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Blog
May 2023 Recap: Major Security Breaches and Penalties
May 2023 witnessed several security breaches wreaking havoc on the digital landscape. High-profil...
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Blog
Leveraging Age Assurance for Data Privacy and User Protection
Online age verification has gained great attention in recent years since many minors have been se...
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Blog
FATF October 2019 Plenary – Here is What You Need to Know
Financial Action Task Force (FATF) President Xiangmin Liu, chaired the first meeting from 16-18 O...
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Blog
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
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, 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
Prevailing Identity Fraud in Telecom Sector – How Shufti Can Reduce the Risks
The telecommunication industry holds significance for the information sector as it is primary inf...
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Blog
Liveness Detection | An Extra Layer of Protection Against Spoofing and Fraud
The consumer demand for biometric and facial authentication technologies is rising, with the mark...
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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
Digital Identity Verification for Open Finance & FinTech Platforms
Financial applications in the modern world have been sub-categorized into open and closed banking...
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Blog
Marketing Firms embracing KYC Services for Better service Delivery
Browsing through your Facebook newsfeed and you come across one of ‘Those’ friends – “Hey P...
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Blog
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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Blog
Top 8 Facial Recognition trends to watch in 2020
Facial recognition has been gaining prominence in recent times, owing to the benefits it offers o...
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Blog
Know Your Investor | Sophisticated Investor Verification in Real-Time
In today’s data-driven digital world, organized crime groups and fraudsters have developed more s...
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Blog
Age Verification Solution – Restricting Minors from Becoming Mules
From playing online video games to betting on horses, the digital gaming and gambling industry is...
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Blog
20 Facts and Statistics About the Global Finance Sector
The finance sector makes up around 20 to 25% of the global GDP. With the market capitalization re...
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Blog
Initial Exchange Offerings (IEOs) – A Detailed Insight
The advent of the Crypto industry brought decentralized and innovative fundraising ways. One of t...
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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
AML Compliance for Luxury Goods Market – How Shufti can Help
Money laundering using high-value goods such as jewelry, yachts, motor vehicles, watches, fine ar...
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Blog, Reg Tech
3 Reasons why RegTech is the Future of Innovation?
Regulatory Technologies, commonly referred to as RegTech, is an innovative use case of Financial ...
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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
International Tax Body to curb Cryptocurrency based Tax Evasion
Tax enforcement authorities from Australia, Canada, the Netherlands, the United Kingdom and the U...
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Blog
The Age Verification Advantage: Speed, Trust, and Privacy
Businesses operating in age-restricted industries like gaming, social media, and alcohol sales na...
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