Blog
Securing Banks and Curbing Financial Crimes with Shufti AML/KYC Solution
Banks and other financial institutions constantly face the challenges of tackling financial crime...
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Blog, Fraud Prevention
6 Steps of Online Fraud Prevention for Businesses
With the rapid development in the online retail industry and banking industry, there is an increa...
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Business Verification: A new line of Defense against Fraudsters
With the ever-increasing complexities of anti-money laundering (AML) and counter-terrorism financ...
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Securing Instant Money Transfers in the Banking Sector – EPC’s New Rulebook
Financial services have always played a vital role throughout the entire history of advanced huma...
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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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Biometric Technology, Blog, Fraud Prevention, Identity & KYC
Multi-factor Authentication is being defeated’ warns FBI
For years, online businesses and organizations have been adopting various strategies and defense ...
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Jobs in the frame for money laundering
How banks can detect money mules?
Remote jobs are trending but not every job is legitimate. Some ...
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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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Online Privacy, Security & Inclusivity in a Digital World: Congress Hearing 2021
On 16 July 2021, the US Financial Services Task Force on Artificial Intelligence held a virtual h...
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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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5 Key Regulatory Updates for the Banking Sector in 2021
The pandemic disrupted operations in the banking sector and the criminal activities significantly...
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Facial Recognition: A Technology for Online Businesses to Prevent Fraud
Today, biometric technology has traditionally established itself and has become an integral part ...
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A Detailed Insight into Due Diligence for SMEs in Europe
Recent developments in due diligence legislations have prompted debate on SMEs being subject to t...
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Blog, Fraud Prevention
Internet of Things: B2B IoT Segments about to hit $300 Billion by 2020
The Internet of Things is growing exponentially with respect to its usage and capabilities. A who...
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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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AML Compliance – Mitigating Money Laundering Risks in Insurance Companies
The huge influx of funds through insurance companies has led criminals to exploit the whole syste...
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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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Enhancing Workplace Safety: The Role of Employment Screening
Recruiting new hires can often be a daunting task, as it is a time-consuming and work-i...
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ID Verification for High-Potential Digital Fraud Cases
Instances of digital frauds and payment scams are highly damaging for banks and financial institu...
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Blog
An Insight Into AML Compliance Concerns Amid Russia Sanctions
With Russia’s attack on Ukraine, the international financial landscape is facing concerns of comp...
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Affiliate Fraud Detection | How to Prevent it in 2024
Affiliate marketing is growing at an exceptional rate, worth $17 billion by the end of 2023, and ...
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Blog
Identity Verification entails a lot more than customer verification
Identity theft and digital fraud are on the rise. Cybersecurity is of essence for all the organis...
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Artificial Intelligence, Blog, Identity & KYC
How Biometric Technology is Shaping Up for 2020
The verification of individuals for security measures has become remarkably important for organiz...
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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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Top 5 Non-banking Industries in the Crosshairs of Financial Criminals
The first half of 2021 saw significant disruption in the financial world as traditional criminal ...
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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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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, 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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Blog
Risks of Vaccine Verification Apps & What IDV Industry can Offer
COVID-19 has brought enough changes to make the world smarter. Businesses and customers migrating...
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5 Technology Trends To Disrupt Banking in 2020
Living in the digital era, technology is driving major changes in almost every industry. Whether ...
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COVID Verification of Tourists: Is the Hospitality Sector Doing Much?
COVID-19 has been a big hassle for everyone except for those who adopted the new normal quickly. ...
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A Brief Insight into Safe Havens for Russian Oligarchs
The recent Russia-Ukraine conflict has sparked the West to impose sanctions targeting the Russian...
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Brazil to Launch CBDC: Its Impact on Financial Firms and How KYC/AML Can Help
Where does the cash come from? The country’s central bank authorises the printing of paper ...
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5 Industry Leaders Shared Their Insights on the Future of Biometrics
Modern technology has brought several conveniences to life. From the ease of working at home to s...
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Hazards of Ransomware are real for Cryptocurrency Miners
Cryptocurrency may well be the future of economic landscape and it has the potential of taking th...
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Eradicating Financial Crimes in Online Gambling using NFC Verification
Emerging technologies have altogether revolutionized the online gambling industry and instead of ...
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UK’s Digital Identity Framework – Cornerstone of Reliable ID
In today’s technology-driven era, digital identity is becoming inevitable. Physical interactions ...
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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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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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AI-Powered OCR to replace data entry in 2020 – A detailed insight
Living in the data-driven world, there is a huge demand for storing data from printed or handwrit...
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Risk Assessment – Building Trust in Financial Institutions
For financial institutions to hold onto their customers, they must build and conserve advanced le...
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A Brief Overview of KYC Requirements for Foreign Exchanges in EMEA
The forex industry is recognizable for being a dynamic and profitable platform due to its high li...
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How Deepfakes Deceptions are Affecting Businesses
The word deep fake comes from the terms “deep learning” and “fake,” and is a type of artificial i...
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A Brief Overview of KYC Requirements for Foreign Exchanges in EMEA
The forex industry is recognizable for being a dynamic and profitable platform due to its high li...
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A Brief Overview of the Cryptocurrency Landscape in the US and Canada [2022]
The adoption of cryptocurrency throughout the world has ignited the launch of new markets and reg...
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The US Corporate Transparency Act – What’s New? [December 2022]
Generally, small to medium businesses in the US continue operating without disclosing the benefic...
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Evolving Regulations Shaping Digital Crypto Ecosystem – How Shufti Can Help
Since the start of civilization, humans have used money in several different ways, and throughout...
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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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Blog, Reg Tech
GDPR Phishing Scams – A Novel Trap to Scoop up Information
General Data Protection Regulation (GDPR), an EU regulation comes into force on 25 May 2018 and a...
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Blog
Financial Regulations Against Crypto Sanctions Evasion in the UK – Is the Crypto Sector Safe?
Many governments throughout the world are facing concerns of money laundering and sanctions evasi...
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KYC, KYB & KYT Tying the Loops for Identity Verification
Digital fraudulent activities are rising with every passing day, businesses are adopting reactive...
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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
Antiquities Market – A Conduit of Money Laundering and Terror Financing
Money laundering and terror financing through art and antiquities has been a concern of regulator...
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Blog, Online Marketplace
Industrial significance of KYC / AML Compliance in 2019
As the type and amount of fraudulent activities have increased over the years, governments and re...
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Blog
Anti Money Laundering – What is AML compliance and why is it important?
Anti-money laundering compliance is vital for obliged entities and being conversant with AML comp...
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How Online ID Verification Supports Age-restricted Sellers?
The online stores selling age-restricted products like gaming services, medicine or drugs are in ...
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Blog
Ensure Digital Security with e-KYC Solutions
In today’s world where the distances have been reduced considerably with the advancement of techn...
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Blog, Identity & KYC
What are the Different Types and Solutions of ID Verification?
Customer identification is not an option for some businesses, it’s a must. Ignoring due diligence...
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Blog
FBO Accounts and Fintech – Securing Financial Operation with ID Verification
With global digitization, online financial services are becoming mainstream. Due to this, maintai...
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Combatting Identity Theft with KYC Verification – A Risk-Based Approach in Online Shopping
The proliferation of online stores has radically transformed how people shop and greatly affected...
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Blog
Romance Scams: The Dark Side of ChatGPT and How to Stay Safe
The voice one hears on the other end of a telephone call may not be an earthling, the person one ...
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Blog
Regulatory Compliance | The Importance of Age Verification on Betting Sites
Online betting sites and gambling platforms frequently face significant challenges in adhering to...
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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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Blog
5 Key Cybersecurity Threats for 2020
Cybersecurity threats have become remarkably common and they continue to gain traction with the p...
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Blog
E-Signature | Digitise and Verify Agreements in Compliance
The use of electronic signature, or e-signature, has transformed business dealings. The days of s...
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Blog
Know Your Patient (KYP) | Significance in Fighting Patient Identity Theft & Scams
The global medicare industry is a common target for fraudsters looking to gain access to patients...
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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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Anti Money Laundering, Blog, Business Technology, Identity & KYC
Customer Due Diligence: From KYC to KYB
Why CDD is significant for both Know Your Customer and Know your Business verification?
Banking i...
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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
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 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
Know Your Patient (KYP) – Effective Way to Prevent Identity Fraud and Safeguard Health Care Services
Like other industries, the medicare industry is also experiencing digitization. However, the heal...
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