The Top 10  Most Difficult Countries for Identity Verification

The Top 10  Most Difficult Countries for Identity Verification

Download Report

    n-img-roi-cross

    Before You Go, Schedule Your Free Demo Today

    Valid Invalid number


    Note: Fields marked with an asterisk(*) are mandatory.

    n-exit-img-roi-cross

    Thank you for your demo request

    We appreciate your interest and look forward to discussing how our solution can meet your needs. Expect to hear from us shortly with scheduling details.

    Close

    Fraud Protection services for Online Retail Businesses

    online retail businesses

    Online Marketplace faces Chargeback issues

    Fraud Protection Services are an integral part of retail businesses that are constantly looking out for fraudulent customers. They have to be wary of the consumers looking to dupe the retailers by making purchases and then demanding chargebacks. This can incur huge losses to online businesses and virtual retail markets.

    Looking at these statistics, the question arises that how these scams are committed and how may they be prevented. Fraudulent customers may commit card-not-present frauds using stolen credit cards or illegally acquired details about someone’s accounts. In cases like these, it is essential that retailers install credit card fraud prevention services from a known provider. KYC compliance is the first and foremost step if this problem needs to be curbed.

    What can be a feasible solution?

    The most viable solution for this rapidly growing problem would be to avail quick and accurate business verification services, like Shufti. This quick process allows the businesses to perform digital KYC, ensuring that the card indeed belongs to the person in possession of it. Moreover, a trust is developed between the regulars and the original business. The customer-base of the business will be assured that all clients are the true ones, and that the business is taking apt measures to make sure only true buyers can make a purchase. This will ensure a long life for the business, as risk of going out of business due to elevated chargeback frauds is minimised.

    Shufti acts as a sentinel against the false customers as well as a flare that indicates that the client pool of a company is clear of fraudsters and scammers. The secure business process will attract more consumers owing to a refined screening process that takes customers on-board.

    Recommended For You:

    Related Posts

    Blog

    New Money Laundering Patterns to Look Out for in 2022 – Do Social Media Platforms Need AML Screening?

    With digitization, the use of the internet and easy access to smart gadgets has increased the num...

    New Money Laundering Patterns to Look Out for in 2022 – Do Social Media Platforms Need AML Screening? Explore More

    Blog

    Art Market in the Frame of Money Laundering

    The highly volatile finance and crypto sector is not appealing for many investors, so they turn t...

    Art Market in the Frame of Money Laundering Explore More

    Blog

    DHSC’s Counter-fraud Strategy to Combat Healthcare Fraud

    Healthcare remains one of the most lucrative industries for criminals with nearly $272 billion lo...

    DHSC’s Counter-fraud Strategy to Combat Healthcare Fraud Explore More

    Blog

    Holiday Season – The Time of the Year When Frauds Soar Sky High

    Despite being the “most wonderful time of the year”, the holiday season is known to have the high...

    Holiday Season – The Time of the Year When Frauds Soar Sky High Explore More

    Blog

    May 2023 Recap: Major Security Breaches and Penalties

    May 2023 witnessed several security breaches wreaking havoc on the digital landscape. High-profil...

    May 2023 Recap: Major Security Breaches and Penalties Explore More

    Blog

    Identity Verification with Liveness Detection: The Key to Preventing Spoofing Attacks

    Spoofing attacks are not limited to just emails and fake websites. Hackers and cybercriminals hav...

    Identity Verification with Liveness Detection: The Key to Preventing Spoofing Attacks Explore More

    Blog

    How to Combat Document Forgery in 2023 and Beyond

    As digitisation continues to change our world and daily practices at an exponential rate, crimina...

    How to Combat Document Forgery in 2023 and Beyond Explore More

    Blog

    Beyond the Blue Checkmark – Online Age Verification Solution to Secure Minors’ Identity

    As minors are going online and utilizing digital services as well as smart gadgets more frequentl...

    Beyond the Blue Checkmark – Online Age Verification Solution to Secure Minors’ Identity Explore More

    Blog

    Identity Verification with Liveness Detection: The Key to Preventing Spoofing Attacks

    Spoofing attacks are not limited to just emails and fake websites. Hackers and cybercriminals hav...

    Identity Verification with Liveness Detection: The Key to Preventing Spoofing Attacks Explore More

    Blog

    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...

    Analyzing the UK and US Gambling Industry by Numbers Explore More

    Blog

    Video KYC – Answer to Digital Revolution in the Gulf Region & UAE

    The digital revolution in the Gulf region and UAE has been a hot topic these days. The economic d...

    Video KYC – Answer to Digital Revolution in the Gulf Region & UAE Explore More

    Blog

    GDPR Compliance vs BlockChain Debate – Things you must know

    GDPR Compliance is here to stay and it is going to be binding on every business and online enterp...

    GDPR Compliance vs BlockChain Debate – Things you must know Explore More

    Blog, Financial Crime / AML

    Impact of Regulatory Scrutiny & AML Compliance in Real Estate

    Anti Money Laundering (AML): Criminals around the globe are targeting real estate to launder the ...

    Impact of Regulatory Scrutiny & AML Compliance in Real Estate Explore More

    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...

    How ID Verification via OCR can transform Digital World? Explore More

    Blog

    Top 5 Reasons Why Businesses Need Transaction Monitoring Solution

    Companies are moving towards digitisation, meanwhile, cybercriminals are mastering the art of exp...

    Top 5 Reasons Why Businesses Need Transaction Monitoring Solution Explore More

    Blog

    Shufti’s Secret to Acquiring 92% End-User Satisfaction Rate

    Shufti, the global identity verification service provider, started from humble beginnings wit...

    Shufti’s Secret to Acquiring 92% End-User Satisfaction Rate Explore More

    Blog

    A Basic Guide to Know Your Customer Online (2023 Update)

    In our current digital landscape, where identity theft seems rampant, protecting personal informa...

    A Basic Guide to Know Your Customer Online (2023 Update) Explore More

    Blog

    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...

    How Deepfakes Deceptions are Affecting Businesses Explore More

    Blog

    CBN Regulatory Regime – New KYC/AML Requirements Payment Services Banks

    With the increased risk of financial crime, banks and other financial institutions within a state...

    CBN Regulatory Regime – New KYC/AML Requirements Payment Services Banks Explore More

    Blog

    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...

    KYC Checklist: A Comprehensive Guide for Businesses and Financial Institutions Explore More

    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 ...

    Online Payment Fraud and the Role of AML Transaction Monitoring Explore More

    Blog

    New Regulatory Initiatives to Revamp the US Crypto Landscape

    With digital currencies gaining prominence, the US financial landscape has seen major transformat...

    New Regulatory Initiatives to Revamp the US Crypto Landscape Explore More

    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 ...

    AUSTRAC’s ML/TF Risk Assessment 2021 – Other Domestic Banks Report [Part 2] Explore More

    Blog

    Understanding AML Sanction Lists: Key Global Regimes and their Importance

    Sanction lists are expanding regularly and sanctions imposed by different authorities do not alwa...

    Understanding AML Sanction Lists: Key Global Regimes and their Importance Explore More

    Blog

    Risk Assessment – Building Trust in Financial Institutions

    For financial institutions to hold onto their customers, they must build and conserve advanced le...

    Risk Assessment – Building Trust in Financial Institutions Explore More

    Blog

    A Brief Overview of 2021 AML Trends

    Over the last decade, regulatory scrutiny on Anti-Money Laundering (AML) compliance has remained ...

    A Brief Overview of 2021 AML Trends Explore More

    Blog

    Strategic Evaluation and Elimination of Money Laundering in Real-Estate Sectors

    The exchange of illicit money through real estate has been the most commonly encountered method o...

    Strategic Evaluation and Elimination of Money Laundering in Real-Estate Sectors Explore More

    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...

    Anti Money Laundering – What is AML compliance and why is it important? Explore More

    Blog

    How ID Verification Helps in Fighting Digital Scams?

    ID VERIFICATION: Digital scams are common phenomena and it affects all types of businesses in eve...

    How ID Verification Helps in Fighting Digital Scams? Explore More

    Blog

    COVID Passports – Bringing Convenience to the Travel & Tourism Sector

    “Sorry, the earth is closed today.”  Tony Stark’s sarcastic dialogue became the worst possible re...

    COVID Passports – Bringing Convenience to the Travel & Tourism Sector Explore More

    Blog

    How Businesses Can Leverage Optical Character Recognition Technology in 2023

    Optical Character Recognition (OCR) has revolutionised how businesses gather, process, and analys...

    How Businesses Can Leverage Optical Character Recognition Technology in 2023 Explore More

    Blog

    Fighting Fraud in Gaming & Gambling Industry with AML Screening Services

    The online gaming sector is on the roll and is projected to surpass $172.23 billion by 2030. Irre...

    Fighting Fraud in Gaming & Gambling Industry with AML Screening Services Explore More

    Blog

    Singapore’s Digital Payment Token and AML Regulations [2022 Updates]

    Financial crimes are an ever-increasing threat to the global economic climate. As a financial hub...

    Singapore’s Digital Payment Token and AML Regulations [2022 Updates] Explore More

    Blog, Financial Crime / AML, Fraud Prevention, Identity & KYC

    Facial Recognition: Worries About the Use of Synthetic Media

    In 2019, 4.4 billion internet users were connected to the internet worldwide, a rise of 9% from l...

    Facial Recognition: Worries About the Use of Synthetic Media Explore More

    Blog, Online Marketplace

    New Rules by the UK Gambling Commission and Their Impact

    The UK Gambling Commission announced new gambling rules earlier this year to make gambling safer ...

    New Rules by the UK Gambling Commission and Their Impact Explore More

    Blog

    Open Banking Trends & the Vitality of Identity Verification

    With rapid digitisation, open banking is becoming the new normal in the banking sector. Open bank...

    Open Banking Trends & the Vitality of Identity Verification Explore More

    Blog

    How Optical Character Recognition Improves the Process of Identity Verification for Businesses

    Evolving technologies have created a competitive market where every business strives to optimize ...

    How Optical Character Recognition Improves the Process of Identity Verification for Businesses Explore More

    Blog, Online Marketplace

    Document Verification Services for a Secure Freelance Platform

    Picture this you have recently started a freelance website you have marketed it properly and foll...

    Document Verification Services for a Secure Freelance Platform Explore More

    Blog

    How Shufti Ensures Gaming Regulatory Compliance with AML Screening for Online Gaming Platforms

    The online gaming sector has revolutionized altogether along with emerging technologies. With adv...

    How Shufti Ensures Gaming Regulatory Compliance with AML Screening for Online Gaming Platforms Explore More

    Blog, Identity & KYC

    Fathoming Financial Inclusion, Innovative KYC Solutions, and Integrity

    Identity – ensures active participation of an individual in social, political and economic ...

    Fathoming Financial Inclusion, Innovative KYC Solutions, and Integrity Explore More

    Blog

    Ensure Digital Security with e-KYC Solutions

    In today’s world where the distances have been reduced considerably with the advancement of techn...

    Ensure Digital Security with e-KYC Solutions Explore More

    Anti Money Laundering, Blog, Financial Crime / AML

    Why PEPs are High Risk and a Threat To Your Business?

    In the Financial and Trade industry, you may have often heard the term PEPs and the importance of...

    Why PEPs are High Risk and a Threat To Your Business? Explore More

    Blog

    KYC and Blockchain – The Foundation of a Secure Crypto Landscape

    Blockchain technology has demonstrated fast-paced growth throughout the world and now faces the c...

    KYC and Blockchain – The Foundation of a Secure Crypto Landscape Explore More

    Blog

    FATF’s June 2021 Plenary – Strategic and Country-specific Initiatives

    The fourth plenary meeting of the Financial Action Task Force (FATF) took place from June 20-25 t...

    FATF’s June 2021 Plenary – Strategic and Country-specific Initiatives Explore More

    Blog

    Merchant Onboarding – Evaluating the Best Practices to Onboard Risk-free Partners

    Partnering with the right people who can actually help your business grow is quite a tedious task...

    Merchant Onboarding – Evaluating the Best Practices to Onboard Risk-free Partners Explore More

    Blog

    Brazil’s Updated Regulatory AML Guidelines for 2023

    Money laundering, corruption, and drug trafficking are prevalent issues in Brazil, the world’s se...

    Brazil’s Updated Regulatory AML Guidelines for 2023 Explore More

    Blog

    Anti-Smurfing Solutions | Safeguard Your Business Against Money Laundering Risks

    Businesses are under constant threat of financial damage. This is primarily because cybercriminal...

    Anti-Smurfing Solutions | Safeguard Your Business Against Money Laundering Risks Explore More

    Blog

    Impact of California Consumer Privacy Act on Online Businesses

    California consumer privacy act has been revolutionizing consumer data regulations. The act was p...

    Impact of California Consumer Privacy Act on Online Businesses Explore More

    Blog

    Know Your Customer – Addressing the Risks of Financial Crimes in Challenger Banks

    With emerging technologies, financial services are witnessing a digital revolution that is changi...

    Know Your Customer – Addressing the Risks of Financial Crimes in Challenger Banks Explore More

    Blog, Online Marketplace

    Secure Online Gambling through Identity and Age Verification

    Gambling is a very profitable business for big players and owners alike. According to research, t...

    Secure Online Gambling through Identity and Age Verification Explore More

    Blog

    Future Prediction of Identity Verification for Businesses

    Ensuring a user’s real identification has become crucial in the age of digitisation. Busine...

    Future Prediction of Identity Verification for Businesses Explore More

    Blog

    Shufti Celebrates 5 Years of Innovation in the IDV Industry

    October 2022 marks Shufti’s 5th anniversary – five successful years of building trust globall...

    Shufti Celebrates 5 Years of Innovation in the IDV Industry Explore More

    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...

    KYC and AML Compliance can help cryptocurrencies to earn legitimacy Explore More

    Blog

    Crypto as a Virtual Safe Haven for Russians Amid Sanctions

    The Russia-Ukraine conflict has had some serious effects on the global financial landscape. While...

    Crypto as a Virtual Safe Haven for Russians Amid Sanctions Explore More

    Blog

    Navigating the New Era of Customer Identity: Strategies for Compliance Professionals

    Introduction The identity verification and authentication landscape is undergoing a rapid transfo...

    Navigating the New Era of Customer Identity: Strategies for Compliance Professionals Explore More

    Blog

    Understanding Digital Identity

    What is Digital Identity? In the digital world, your identity is made up of your p...

    Understanding Digital Identity Explore More

    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...

    AML Screening – Combating Money Laundering in Luxury Vehicle Dealings Explore More

    Blog

    AML and KYC Regulations in China – New Requirements to Secure Financial Industry

    China’s financial system is undergoing a pivotal transformation. The country is limiting sharehol...

    AML and KYC Regulations in China – New Requirements to Secure Financial Industry Explore More

    Blog

    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...

    KYC Checklist: A Comprehensive Guide for Businesses and Financial Institutions Explore More

    Blog

    Navigating the New Era of Customer Identity: Strategies for Compliance Professionals

    Introduction The identity verification and authentication landscape is undergoing a rapid transfo...

    Navigating the New Era of Customer Identity: Strategies for Compliance Professionals Explore More

    Blog

    Post-pandemic eCommerce Landscape Calling for Robust ID Verification Solution

    During the coronavirus pandemic, the e-commerce industry has witnessed a significant increase in ...

    Post-pandemic eCommerce Landscape Calling for Robust ID Verification Solution Explore More

    Blog

    A Detailed Insight Into Australia’s Gaming and Gambling Regulations

    In recent years, the online gaming and gambling industry has experienced significant growth as te...

    A Detailed Insight Into Australia’s Gaming and Gambling Regulations Explore More

    Blog

    Verify Like a Local: Identity in Nigeria

    Verify Like a Local: Identity in Nigeria Explore More

    Blog

    How Businesses Can Avoid Identity Verification Fraud in 2019?

    With a bulk of customers using online services, businesses wish to digitise their operations and ...

    How Businesses Can Avoid Identity Verification Fraud in 2019? Explore More

    Blog

    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...

    Global Expansion, Digitization, and Crimes – How Shufti Can Help Financial Industry Explore More

    Blog

    A Brief Insight into Safe Havens for Russian Oligarchs

    The recent Russia-Ukraine conflict has sparked the West to impose sanctions targeting the Russian...

    A Brief Insight into Safe Havens for Russian Oligarchs Explore More

    Blog

    Vendor due diligence – Why it’s important and how it’s done?

    In today’s ever-changing corporate landscape, businesses are always looking for ways to make thei...

    Vendor due diligence – Why it’s important and how it’s done? Explore More

    Blog

    Avoiding Billion-dollar Fraud & Non-Compliance Costs With Shufti

    Businesses deplete millions of dollars each year on outdated technologies, employee training, and...

    Avoiding Billion-dollar Fraud & Non-Compliance Costs With Shufti Explore More

    Blog

    Russian Sanctions Evasion – Is the Art Industry the Next Target for Money Laundering?

    As regulatory authorities are seizing the yachts and real estate belonging to Russian oligarchs, ...

    Russian Sanctions Evasion – Is the Art Industry the Next Target for Money Laundering? Explore More

    Blog

    What You Need to Know About Switzerland’s Crypto AML Rules by FINMA

    Switzerland is historically famous for being a global hub for gold. However, the new digital gold...

    What You Need to Know About Switzerland’s Crypto AML Rules by FINMA Explore More

    Blog

    Keeping AI Bias Out of the IDV Game with Shufti

    Consider this: 85% of financial institutions today use some form of AI in their products. The tec...

    Keeping AI Bias Out of the IDV Game with Shufti Explore More

    Blog

    Cannabis Industry – Risks, Predictions, Fraud & KYC/AML Obligations

    The ever-growing industries across the world are opening gates for numerous opportunities to gree...

    Cannabis Industry – Risks, Predictions, Fraud & KYC/AML Obligations Explore More

    Take the next steps to better security.

    Contact us

    Get in touch with our experts. We'll help you find the perfect solution for your compliance and security needs.

    Contact us

    Request demo

    Get free access to our platform and try our products today.

    Get started