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

    Geolocation Technology and its benefits for KYC Verification

    Geolocation Technology

    KYC verification has come a long way from simply authenticating the official identity documents of end-users. The need to verify customers placed at remote locations required KYC service providers and ID verification services to adopt technologies that can easily track the geographical location – or geolocation – of an end-user even before a KYC check starts off. KYC verification has a lot to benefit from Geolocation technology as it can help KYC software to not only track the location of verifying end-user but adds an additional layer of security in fraud prevention. But first we tell you how geolocations help identity verification and can be integrated into a Know Your Customer solution, let us explain to you what is geolocation and how it works?

    What is GeoLocation?

    GeoLocation is the practice of finding the geographic location of an object. Most of the time a smartphone or personal computer is used to track the location of the object or person in question. Interestingly, unlike many geo-positioning systems that are mostly used to provide geographic coordinates (horizontal & vertical coordinates), the information collected by Geolocation technology is much more actionable.

    Apart from geographical information, Geolocation services provide information about the country, time zone, zip code, area code, address, proxy information, and network information. Geolocation collects a variety of data to determine this information via data sources including OP address, Wi-Fi addresses, radio frequency identification, Global Positioning System and GSM/CDM cell IDs.

    How Does Geolocation help in KYC?

    A typical KYC provider can use geolocation technology to help its customers in providing a specific set of identity verification services, in addition to identifying that whether they belong to same country or location that they claim to. KYC compliance becomes easier and KYC solutions are easier to process because of geolocation technology. Identity theft protection gets a shot in the arm while fraud prevention becomes nearly effortless with the help of geolocation technology.

    Fraud prevention via geolocation technology

    Online fraud prevention can become easier if the online sellers and vendors can identify the location of the person. Even if a real person is momentarily trying to access a service portal from a new location, the system automatically detects the change of location and requires online users to verify their identity.

    With ID verification and many other KYC services available at the dispense of Shufti customers – one of the most renowned KYC provider – verifying the identity of incoming users become entirely hassle-free.

    KYC compliance made easy

    In many online businesses and web services, it is essential that incoming user belongs to a certain location, in order to get registration. Whether it is an ICO registration process, a gambling website or even a gaming platform, compliance regulations made it necessary to not allow citizens from certain territories. Moreover, in some cases, it is also imperative for the security of a venture to not allow users from certain countries. Geolocation backed KYC software – such as Shufti – can help navigate these murky waters to avoid entrance of users from restricted countries and regions.

    Related Posts

    Blog

    The Changing Landscape of KYC/AML Regulations in 2021

    Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations have been evolving over time...

    The Changing Landscape of KYC/AML Regulations in 2021 Explore More

    Blog

    EU’s AMLD5: What does it mean and how will it impact the AML regulation regimes?

    From the Panama papers, Paradise leaks and Danske Bank case to the most recent revelations about ...

    EU’s AMLD5: What does it mean and how will it impact the AML regulation regimes? Explore More

    Blog

    AML Compliance in the UK’s Financial Sector – What Shufti Offers

    The UK is known in the global financial paradigm for being both a financial hub and the dirty mon...

    AML Compliance in the UK’s Financial Sector – What Shufti Offers Explore More

    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...

    Top 5 Challenges in Online Identity Verification Explore More

    Blog

    Identity Fraud in Coworking Spaces – How Shufti’s Facial Biometric Authentication Helps

    With more and more companies embracing remote work, the trend of coworking spaces is picking pace...

    Identity Fraud in Coworking Spaces – How Shufti’s Facial Biometric Authentication Helps Explore More

    Blog

    COVID-19 Pandemic – What it holds for businesses?

    The year of the Rat, 2020, didn’t get a propitious start because of the deadly coronavirus outbre...

    COVID-19 Pandemic – What it holds for businesses? Explore More

    Blog

    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...

    Anti-Money Laundering (AML) Solutions – Ensuring Responsible Gambling and Data Protection Explore More

    Blog, Online Marketplace

    How Identity Verification Solutions Can Make Summer Travel a Breeze and Generate Revenue?

    The travel industry is a unique business category servicing clients from various destinations and...

    How Identity Verification Solutions Can Make Summer Travel a Breeze and Generate Revenue? Explore More

    Blog

    Enhanced Digital Security with Facial Recognition and Liveness detection

    The increasing number of cyber-attacks and online fraud calls out for strong security measures. U...

    Enhanced Digital Security with Facial Recognition and Liveness detection Explore More

    Blog

    5 Effective Ways Shufti Combats First-party Fraud

    After analysing fraud incidents of the previous year and the current one, we observed an interest...

    5 Effective Ways Shufti Combats First-party Fraud Explore More

    Blog

    Effective AML Compliance – Top 5 Tips for Businesses in Australia

    Given the significant increase in money laundering and terror financing activities, many countrie...

    Effective AML Compliance – Top 5 Tips for Businesses in Australia Explore More

    Blog

    Fighting Financial Crimes and Securing Gambling Services with Shufti’s AML Screening Solution

    Historically, the measures to curb money laundering and terrorist financing had only been only im...

    Fighting Financial Crimes and Securing Gambling Services with Shufti’s AML Screening Solution Explore More

    Blog

    Age Verification: Use Cases, Significance and Regulations

    This pillar post talks about the significance of digital age verification, how it works, what are...

    Age Verification: Use Cases, Significance and Regulations Explore More

    Blog

    What to expect from Booming Identity Verification Market in 2020?

    Technologies hatched by fourth industrial revolution such as the Internet of Things (IoT), roboti...

    What to expect from Booming Identity Verification Market in 2020? Explore More

    Biometric Technology, Blog

    Online Facial Recognition Could Drive a New Wave of Digital Transparency

    Online facial recognition is a much less explored territory when it comes to online identity veri...

    Online Facial Recognition Could Drive a New Wave of Digital Transparency Explore More

    Blog

    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...

    5 Industry Leaders Shared Their Insights on the Future of Biometrics 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

    Blog

    Know Your Donor (KYD) – Customer Due Diligence For Charities and NPOs

    According to DoubleTheDonation, 45% of worldwide donors are enrolled in monthly donation programs...

    Know Your Donor (KYD) – Customer Due Diligence For Charities and NPOs Explore More

    Blog

    NFC Verification – Making Digital Payments Mainstream from Alternative

    With time, payment methods have evolved from coins to paper-based money, then plastic, and now sm...

    NFC Verification – Making Digital Payments Mainstream from Alternative Explore More

    Blog

    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...

    Proof of Income: The Most Common Types of Documents Used to Determine a Client’s Financial Status Explore More

    Blog, Financial Crime / AML

    South Korea want Crypto Exchanges to adopt Digital KYC and AML Compliance

    South Korea is soon going to adopt regulatory measures to bring in crypto exchanges under regulat...

    South Korea want Crypto Exchanges to adopt Digital KYC and AML Compliance Explore More

    Blog

    Top 5 Cryptocurrency Trends to Look Out for in 2023

    2022 has been one of the most turbulent years for the cryptocurrency sector. For starters, Bitcoi...

    Top 5 Cryptocurrency Trends to Look Out for in 2023 Explore More

    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...

    Top 7 COVID-19 Related Scams and Frauds to Look For in 2021 Explore More

    Blog

    AML Screening – Securing Alternative Payment Market and Overcoming Prevailing Risk of Crimes

    Escalating demand for innovative, new, and robust alternative payment options across the world is...

    AML Screening – Securing Alternative Payment Market and Overcoming Prevailing Risk of Crimes Explore More

    Blog

    Money laundering and UAE’s KYC/AML Regulatory Regime [2022 Update]

    The United Arab Emirates (UAE) has become the world’s most exotic and well-reputable financial hu...

    Money laundering and UAE’s KYC/AML Regulatory Regime [2022 Update] Explore More

    Anti Money Laundering, Blog, Financial Crime / AML, Reg Tech

    EU’s Sixth Anti-Money Laundering Directive (AMLD6)

    Summary: Sixth Anti-Money Laundering Directive (AMLD6) highlights a stringent framework to combat...

    EU’s Sixth Anti-Money Laundering Directive (AMLD6) Explore More

    Blog

    Video-KYC – The ‘New Normal’ for Digital Customer Verification

    The KYC requirements all over the world are getting stringent. ID document verification is a norm...

    Video-KYC – The ‘New Normal’ for Digital Customer Verification Explore More

    Blog

    AML Compliance – Putting an End to Money Laundering in Crypto Firms

    In the past few years, cryptocurrencies were widely adopted as an investment method by not only i...

    AML Compliance – Putting an End to Money Laundering in Crypto Firms Explore More

    Blog

    Effective Sanctions Screening | A Guide for Compliance Professionals

    Sanctions are crucial in combating financial crimes and maintaining national and international se...

    Effective Sanctions Screening | A Guide for Compliance Professionals Explore More

    Blog

    Stronger Global Identity Coverage… Where it Counts

    In today’s globalized economy, businesses are striving to expand their footprint across borders. ...

    Stronger Global Identity Coverage… Where it Counts Explore More

    Blog

    AML Compliance – Korean Crypto Exchanges Join Hands to Fight Money Laundering

    Cryptocurrency has been notoriously criticised for money laundering and other illicit activities ...

    AML Compliance – Korean Crypto Exchanges Join Hands to Fight Money Laundering Explore More

    Blog

    The Case Against Cryptocurrencies: Where is it Banned & What’s Causing the Crackdown?

    Cryptocurrencies have long been viewed as the core of illicit activities by numerous governments ...

    The Case Against Cryptocurrencies: Where is it Banned & What’s Causing the Crackdown? 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

    Addressing AML Compliance Challenges with a Risk-based Approach (2023)

    Regardless of how big or small a company is, the after-effects of Covid-19 and the global financi...

    Addressing AML Compliance Challenges with a Risk-based Approach (2023) Explore More

    Blog

    5 Technology Trends To Disrupt Banking in 2020

    Living in the digital era, technology is driving major changes in almost every industry. Whether ...

    5 Technology Trends To Disrupt Banking in 2020 Explore More

    Blog

    Online Document Verification – The Role of Shufti’s Optical Character Recognition (OCR) in Eliminating Fraud

    Document verification is the most important stage when it comes to doing online business, getting...

    Online Document Verification – The Role of Shufti’s Optical Character Recognition (OCR) in Eliminating Fraud Explore More

    Anti Money Laundering, Blog, Business Technology, Financial Crime / AML, Fraud Prevention, Identity & KYC

    Initial CCPA Compliance Costs Could Hit $55 Billion: Report

    According to an economic impact assessment prepared for the state attorney general’s office by an...

    Initial CCPA Compliance Costs Could Hit $55 Billion: Report 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

    Know your patient process explained [Under the GPhC’s guideline]

    How to make sure that the patient qualifies for purchasing a restricted medicine?  Or  Someone re...

    Know your patient process explained [Under the GPhC’s guideline] Explore More

    Blog

    Anti-Money Laundering Compliance for Crypto Exchanges [2021 Update]

    Anti-Money Laundering compliance solutions are gaining popularity in all corners of the world. Un...

    Anti-Money Laundering Compliance for Crypto Exchanges [2021 Update] Explore More

    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...

    Identity Verification entails a lot more than customer verification Explore More

    Blog, Fraud Prevention, Online Marketplace

    Why Digital KYC is Important for Insurance Fraud Prevention

    KYC For Insurance Companies : Basically, a system that can carry out real-time identity verificat...

    Why Digital KYC is Important for Insurance Fraud Prevention Explore More

    Blog

    Protect Your Bitcoin Business With KYC Compliance

    Even with a lot of resistance to its use as a form of currency, Bitcoin and its blockchain techno...

    Protect Your Bitcoin Business With KYC Compliance Explore More

    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...

    Know Your Patient (KYP) |  Significance in Fighting Patient Identity Theft & Scams Explore More

    Blog

    Latest Gaming & Gambling Regulations Worldwide and the Role of Age Verification

    Online gaming has become more popular since COVID-19. The pandemic forced people to stay indoors,...

    Latest Gaming & Gambling Regulations Worldwide and the Role of Age Verification Explore More

    Blog

    Securing Transactions and Operations with Biometric Consent Verification in Digital Banking

    In the modern digital world, secure business operations are crucial.  The focus on maintaining se...

    Securing Transactions and Operations with Biometric Consent Verification in Digital Banking Explore More

    Blog

    Here’s to 2021 – NFTs Conquering the Crypto Market

    From DeFi’s in 2020 to NFTs in 2021, a lot has changed in the crypto market. Since the beginning ...

    Here’s to 2021 – NFTs Conquering the Crypto Market Explore More

    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...

    Why You Need to Verify Identity Online Explore More

    Blog

    The US Corporate Transparency Act – What’s New? [December 2022]

    Generally, small to medium businesses in the US continue operating without disclosing the benefic...

    The US Corporate Transparency Act – What’s New? [December 2022] Explore More

    Blog

    Divergent AML/CFT Rules and Cross-border Payment Challenges – What FATF Has to Say?

    While addressing AML/CFT requirements for cross-border payments, the global financial watchdog, F...

    Divergent AML/CFT Rules and Cross-border Payment Challenges – What FATF Has to Say? Explore More

    Blog

    Implementation of AML compliance – Challenges and fundamentals

    With the advancement in security controls, financial businesses are becoming fraud and stress-fre...

    Implementation of AML compliance – Challenges and fundamentals Explore More

    Blog

    e-IDV: Safeguarding Businesses and Customers in the Digital Age

    Identity theft cases are on the rise in this age of digitisation. In 2022, India topped the list ...

    e-IDV: Safeguarding Businesses and Customers in the Digital Age 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

    Biometrics technology a key to key-free world

    In 2016, the biometric market in the United States reached $3.52 billion U.S Dollars and is expec...

    Biometrics technology a key to key-free world Explore More

    Blog

    Reshaping the Travel Industry with NFC Verification – How Shufti Can Help

    With emerging technologies and the increasing use of digital services, the travel industry has be...

    Reshaping the Travel Industry with NFC Verification – How Shufti Can Help 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

    Optical Character Recognition (OCR) | Pushing the Boundaries of Data Extraction

    There is a surging demand for swift and remote identity verification methods in our digital world...

    Optical Character Recognition (OCR) | Pushing the Boundaries of Data Extraction Explore More

    Blog

    Video KYC (VKYC) | Identity Verification and Fraud Prevention

    In the last few years, the verification industry has experienced remarkable expansion. As our tec...

    Video KYC (VKYC) | Identity Verification and Fraud Prevention Explore More

    Blog

    How Transaction Monitoring Can Ensure Secure Online Services

    A safe and comprehensive transaction monitoring system is increasingly important in an era charac...

    How Transaction Monitoring Can Ensure Secure Online Services Explore More

    Blog

    Anti-Money Laundering Challenges Faced by the Fintech Industry

    Since the implementation of the bank Secrecy Act (BSA) in 1970, the United States government has ...

    Anti-Money Laundering Challenges Faced by the Fintech Industry Explore More

    Blog

    Digital Identity Verification for Open Finance & FinTech Platforms

    Financial applications in the modern world have been sub-categorized into open and closed banking...

    Digital Identity Verification for Open Finance & FinTech Platforms Explore More

    Blog

    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 ...

    5 RegTech Applications That Will Govern the Financial Regime in 2021 Explore More

    Blog

    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...

    Third-party Due Diligence – Red Flags, Regulations and 5 Ways to Enhance It Explore More

    Blog

    Enhanced Due Diligence Vs. Customer Due Diligence – The Practical Approach to Counter Cybercriminals

    The nature of digital operations is changing, and users are now preferring to use remote services...

    Enhanced Due Diligence Vs. Customer Due Diligence – The Practical Approach to Counter Cybercriminals Explore More

    Anti Money Laundering, Blog, Financial Crime / AML, Identity & KYC

    Winter is Coming: With a Storm of KYC and AML Regulations

    The ever-evolving regulations are creating challenges and complexities for the financial institut...

    Winter is Coming: With a Storm of KYC and AML Regulations Explore More

    Blog

    Spreading Holiday Cheer with a Heartfelt Donation to Crisis UK

    As the holiday season approaches, we often reflect on how we can give back to our communities. Th...

    Spreading Holiday Cheer with a Heartfelt Donation to Crisis UK Explore More

    Blog

    Transaction Monitoring in 2023 | A Comprehensive Guide

    Scammers are searching for businesses to exploit, and financial firms with loopholes provide them...

    Transaction Monitoring in 2023 | A Comprehensive Guide Explore More

    Blog

    Five Things you Need to Know About Shufti’s Digital Identity Verification

    The growing digital fraud, stringent KYC and AML regulations put in place, and the increasing bur...

    Five Things you Need to Know About Shufti’s Digital Identity Verification Explore More

    Blog

    5 Ways Facial Biometric Technology Elevates Customer Retention

    Today, biometric technology is known for its ease of use and reliability. Facial biometrics have ...

    5 Ways Facial Biometric Technology Elevates Customer Retention Explore More

    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...

    Top 8 Facial Recognition trends to watch in 2020 Explore More

    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...

    Adverse Media Screening Requirements and Why Do FIs Need It? Explore More

    Blog

    KYC/AML Compliance – An Anti-fraud Mechanism for E-wallets

    As more and more countries had to enforce lockdowns because of the pandemic, remote working and d...

    KYC/AML Compliance – An Anti-fraud Mechanism for E-wallets 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