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

    us

    3.15.223.214

    Ireland Seizes More than €1m Cryptocurrency from Money Laundering Syndicate

    n-img-ireland

    Ireland seized over €1m in cryptocurrency as a part of an investigation against national and international money laundering syndicates to combat terrorist financing.

    Ireland’s national police, Garda Síochána, arrested 9 men and seized over €1 million in cryptocurrency or virtual assets by investigating money laundering offences. The Waterford Division crime hub unites with Ireland’s national police and works together to investigate complex criminal-centred organised worldwide unlawful activities involving identity theft, deception, and money laundering, as well as bulk transmission of smishing texts, fraudulent SMS, and WhatsApp messages. A garda spokesperson stated, “the criminal activity focuses on the criminal offence of smishing involving fraudulent SMS and WhatsApp messages claiming to be from national postal offices, delivery companies, financial institutions, etc.”

    The spokesperson also claimed they seized €1.12 million in cryptocurrency and another €30,000 worth of physical assets also have been frozen, two vehicles, and an identified property in Dubai. The Garda Passenger Information Unit (GPIU), GNCCB, Europol, GNECB (Virtual Assets Investigation Unit and FIU Ireland), and officers from several Garda divisions around the nation collaborate with the Waterford Crime Office in coordinating the investigation. This collaboration has resulted in successful operations leading to the recovery of stolen crypto assets and the identification of suspects. The GPIU has provided vital intelligence for the investigation.

    The investigative team is working with other police agencies to advance this inquiry abroad, using connections between Europol and the police in Irish embassies. The spokesperson stated, “the investigation to date has established that the criminal activity is operating in a number of countries in Europe, the UK, Dubai and South Africa.” Two males are reportedly accused of several offences against the Criminal Justice (Money Laundering and Terrorist Financing) Act 2010, Part 7 of the Criminal Justice Act 2006, and the Criminal Justice (Theft and Fraud Offences) Act 2001. Investigations into these claims are still ongoing, according to Gardai.

    Suggested Reads: 

    IRISH POLICE WARNS ABOUT THE LATEST INTERNET FRAUD

    MONEY LAUNDERING SCHEME BY CRIME GANGS FOCUSES ON IRELAND

    IRISH BUSINESSMEN LOST MORE THAN €10 MILLION IN INVOICE REDIRECT FRAUD

    Related Posts

    News

    Italian banking association ready to accept digital euro

    The Italian Banking Association (ABI) has disclosed that it is willing to support the introductio...

    Italian banking association ready to accept digital euro Explore More

    News

    FCA Hints Why only 15% of Crypto Firms Received Regulatory Approval

    The UK financial watchdog has approved only 41 registration applications of crypto firms out of 3...

    FCA Hints Why only 15% of Crypto Firms Received Regulatory Approval Explore More

    News

    German Parliament Passes Anti-Money Laundering Laws

    On Thursday, the German parliament passed a draft of anti-money laundering measures to make sure ...

    German Parliament Passes Anti-Money Laundering Laws Explore More

    News

    UAE talks about developments in combatting the financing of terrorism

    The NAMLCFTC inaugurated its second discussion on March 4 2021 and approved countermeasures that ...

    UAE talks about developments in combatting the financing of terrorism Explore More

    News

    Massive Cyberattack on Australia Uses Cryptojacking Exploits

    According to the Australian Cyber Security Centre, a group of “state actors” hacked Australian ne...

    Massive Cyberattack on Australia Uses Cryptojacking Exploits Explore More

    News

    A Brussel Led Crackdown to be Held in Britain if EU Demands are not Met

    MEPs have ordered Brussels to black-list the city of London if it does not comply with the EU’s D...

    A Brussel Led Crackdown to be Held in Britain if EU Demands are not Met Explore More

    News

    Switzerland Introduces New Regulations To Clamp Down on Money Laundering

    Switzerland proposed new Anti-Money Laundering (AML) regulations to crack down on money launderin...

    Switzerland Introduces New Regulations To Clamp Down on Money Laundering Explore More

    News

    Latvia’s Bank Rietumu Fined EUR 5.85M Over Money Laundering Failures

    The Financial and Capital Market Commission has fined Bank Rietumu EUR 5.85 million over failures...

    Latvia’s Bank Rietumu Fined EUR 5.85M Over Money Laundering Failures Explore More

    News

    Uganda at Risk of Getting Blacklisted by FATF Unless it Addresses 16 Issues

    Uganda is facing the risk of being added to a global blacklist for money laundering and terrorism...

    Uganda at Risk of Getting Blacklisted by FATF Unless it Addresses 16 Issues Explore More

    News

    US Task Force Seizes Another Superyacht in the Battle Against Russian Oligarchs’ Corruption

    A new US task force has partnered with the IRS and global entities to take down Russian oligarchs...

    US Task Force Seizes Another Superyacht in the Battle Against Russian Oligarchs’ Corruption Explore More

    News

    Cambodia’s Presence on The Global Watchdog’s Hit List is a Threat to Country’s Reputation- States Deputy PM

    Due to the enhanced ratio of financial crimes and human trafficking in Cambodia, the deputy prime...

    Cambodia’s Presence on The Global Watchdog’s Hit List is a Threat to Country’s Reputation- States Deputy PM Explore More

    News

    Singapore Proposes Additional AML/CFT Requirements for FIs

    Monetary Authority Singapore has issued a consultation paper proposing the scope of AML/CFT to be...

    Singapore Proposes Additional AML/CFT Requirements for FIs Explore More

    News

    Dutch Authorities Seize $29 Million in Cryptocurrencies After Money Laundering Investigation

    $29 million in crypto were seized over the last few months in money laundering investigations car...

    Dutch Authorities Seize $29 Million in Cryptocurrencies After Money Laundering Investigation Explore More

    News

    China’s Financial Watchdogs All Set to Regulate FinTech Sector

    China’s four years regime to clear all risks from the financial system have been extended to the ...

    China’s Financial Watchdogs All Set to Regulate FinTech Sector Explore More

    News

    FINMA Penalizes Swiss Bank over Money Laundering of $78 Million

    The Swiss regulatory authority, FINMA, initiated a lawsuit against the senior management at Juliu...

    FINMA Penalizes Swiss Bank over Money Laundering of $78 Million Explore More

    News

    US Blocks Tornado Cash Investors for Money Laundering Risks & Links to Korean Hackers

    The United States has frozen the assets of crypto investors from Tornado Cash Service, saying it ...

    US Blocks Tornado Cash Investors for Money Laundering Risks & Links to Korean Hackers Explore More

    News

    Skyrocketing NFT Sales Raise Concerns for Tax, Law Enforcement

    Last month, the sales for a digital art piece was surprisingly high and raised many questions for...

    Skyrocketing NFT Sales Raise Concerns for Tax, Law Enforcement Explore More

    News

    FCA Bans Crypto-Related Investments in the UK

    Financial Conduct Authority- FCA had proposed a ban on crypto-related investments in October 2020...

    FCA Bans Crypto-Related Investments in the UK Explore More

    News

    AFP to Crack Down on Italian Money Laundering Syndicates Operating in Australia

    The AFP is set to crack down on Italian organised crime and money laundering syndicates flowing b...

    AFP to Crack Down on Italian Money Laundering Syndicates Operating in Australia Explore More

    News

    Vietnam Collaborates with UK to Enhance AML Law Enforcement

    The Vietnam Ministry of Public Security delegation, led by Deputy Minister Lieutenant General, Le...

    Vietnam Collaborates with UK to Enhance AML Law Enforcement Explore More

    News

    New Zealand to Introduce New Bill for Public Beneficial Ownership Register

    New Zealand has initiated a crackdown against corporate secrecy after the Pandora papers and look...

    New Zealand to Introduce New Bill for Public Beneficial Ownership Register Explore More

    News

    FIU in Sri Lanka Penalises Financial Firms over AML/CFT Non-Compliance

    Sri Lanka’s Financial Intelligence Unit (FIU) has recently penalised two financial institutions i...

    FIU in Sri Lanka Penalises Financial Firms over AML/CFT Non-Compliance Explore More

    News

    FINMA Allows Chip Scanning and Geolocation for Digital Customer Onboarding

    The FINMA now enables the scanning of microchips inserted in biometric ID documents as an element...

    FINMA Allows Chip Scanning and Geolocation for Digital Customer Onboarding Explore More

    News

    SriLankan Government to Enforce Money Laundering Law to Restrict Illicit Flow of Money

    The current scenario of the Sri Lankan currency’s downfall has become a reason for money la...

    SriLankan Government to Enforce Money Laundering Law to Restrict Illicit Flow of Money Explore More

    News

    “Money Mule Crimes Double in Cork, Students are an Easy Target”, Says the Police

    According to police investigations, the number of money mule activities in Cork city has doubled ...

    “Money Mule Crimes Double in Cork, Students are an Easy Target”, Says the Police Explore More

    News

    Large Korean bank to pay a huge fine for violating AML law

    NEW YORK, April 20 (Reuters) – Industrial Bank of Korea 024110.KS, one of South Korea’...

    Large Korean bank to pay a huge fine for violating AML law Explore More

    News

    Cambodian Minister of Justice Addresses AML Action Plan to Escape FATF’s Gray List

    The Minister of Justice Koeut Rith has advised all financial institutions to continue their coope...

    Cambodian Minister of Justice Addresses AML  Action Plan to Escape FATF’s Gray List Explore More

    News

    Internet infrastructure industry plans on ensuring internet trust amidst COVID-19 outbreak

    As a global crisis emerges due to the Coronavirus outbreak, and global population practices socia...

    Internet infrastructure industry plans on ensuring internet trust amidst COVID-19 outbreak Explore More

    News

    Jamaica Plans Digital Marketplace to Trigger CBDC Adoption

    Jamaica Observer reported that the CBDC project would improve performance metrics related to JAM-...

    Jamaica Plans Digital Marketplace to Trigger CBDC Adoption Explore More

    News

    UK Government Proposes New Cybersecurity Laws

    The UK government proposed new laws for cybersecurity last week to increase security standards in...

    UK Government Proposes New Cybersecurity Laws Explore More

    News

    KYC Alliance between Dubai Economy and six banks

    As reported by Gulf News, Dubai Economy along with Emirates NBD, Emirates Islamic, HSBC, RAKBANK,...

    KYC Alliance between Dubai Economy and six banks Explore More

    News

    Facebook affirms Libra commitment with new job openings

    According to the Irish Times. Facebook is planning to hire 50 people for its payment app Calibra ...

    Facebook affirms Libra commitment with new job openings Explore More

    News

    Brace for Home Visits, FCA Warns Remote Traders and Bankers

    UK’s Financial Conduct Authority has issued a warning for all hybrid-working financial institutio...

    Brace for Home Visits, FCA Warns Remote Traders and Bankers Explore More

    News

    Constitutional & Legislative Committee of Egypt Approves Amendments to AML Laws

    Egypt’s constitutional and legislative affairs committee approved a government drafted bill...

    Constitutional & Legislative Committee of Egypt Approves Amendments to AML Laws Explore More

    News

    Kinahan Cartel Under Pressure as European Union Places UAE on ‘Blacklist’

    The Kinahan Cartel is under great pressure after the European Union (EU) places the UAE on the ‘b...

    Kinahan Cartel Under Pressure as European Union Places UAE on ‘Blacklist’ Explore More

    News

    FCA Puts its Foot Down Against Money laundering in Banking Sector

    Financial Conduct Authority, FCA, is taking action against money laundering in the banking and fi...

    FCA Puts its Foot Down Against Money laundering in Banking Sector Explore More

    News

    Crypto Bill Approved by the US Congress Set to Revamp Digital Asset Securities

    The US Congress presented comprehensive legislation for the crypto market to redefine workflows a...

    Crypto Bill Approved by the US Congress Set to Revamp Digital Asset Securities Explore More

    News

    Monetary Authority of Singapore to Take Tougher Action Against Data Breaches

    To address the data privacy concern, MAS has recommended that data privacy offences should be mad...

    Monetary Authority of Singapore to Take Tougher Action Against Data Breaches Explore More

    News

    Pandora Papers Update: Offshore Havens and Money Laundering Scandals Exposed

    The Pandora Papers expose 35 world leaders, 300 public officials and 100+ billionaires, thus prov...

    Pandora Papers Update: Offshore Havens and Money Laundering Scandals Exposed Explore More

    News

    CBN Introduces Guidelines to Curb Money Laundering in the Financial Sector

    The Central Bank of Nigeria (CBN) has issued guidelines on anti-money laundering and combating th...

    CBN Introduces Guidelines to Curb Money Laundering in the Financial Sector Explore More

    News

    UK FCA Orders Illegal Crypto Service Providers to Shut Down ATMs

    The UK’s Financial Conduct Authority has ordered crypto firms operating illegally in the country ...

    UK FCA Orders Illegal Crypto Service Providers to Shut Down ATMs Explore More

    News

    FACT Urges Treasury to Implement Landmark Corporate Transparency Act

    FACT has urged the treasury department to impose crucial changes to draft regulations and impleme...

    FACT Urges Treasury to Implement Landmark Corporate Transparency Act Explore More

    News

    $8.6bn Lost to Cryptocurrency-based Money Laundering in 2021

    ‘The 2022 Crypto Crime Report’ by Chainalysis has revealed that a total of $8.6 billion was lost ...

    $8.6bn Lost to Cryptocurrency-based Money Laundering in 2021 Explore More

    News

    Swiss Courts to Return Millions to Sanctioned Russians

    The Swiss courts have decided to pay the stolen millions of dollars back to the sanctioned Russia...

    Swiss Courts to Return Millions to Sanctioned Russians Explore More

    News

    Business Email Compromise Scam Taking a Toll on Businesses

    BEC, Business Email Compromise scams are on the rise and they continue to impact businesses. Ther...

    Business Email Compromise Scam Taking a Toll on Businesses Explore More

    News

    Bank of Spain Issues New Cryptocurrency Regulations

    Virtual asset service providers, banks, and other financial institutions are now required to regi...

    Bank of Spain Issues New Cryptocurrency Regulations Explore More

    News

    Following an FCA Crackdown, Cryptocurrency Investors to Wait 24 Hours Before Completing Their Transactions in the UK

    The Financial Conduct Authority (FCA) crackdown forces new crypto investors in the UK to wait 24 ...

    Following an FCA Crackdown, Cryptocurrency Investors to Wait 24 Hours Before Completing Their Transactions in the UK Explore More

    News

    Rabobank’s Profits Drop Over Shut Down in Russia and Increased AML Costs

    Dutch Cooperative Rabobank revealed that its profit plunged more than a quarter in the first half...

    Rabobank’s Profits Drop Over Shut Down in Russia and Increased AML Costs Explore More

    News

    UAE Central Bank Issues AML/CFT Guidance For Exchange Houses

    The Central Bank of UAE (CBUAE) has issued guidance for Licensed Exchange Houses (LEH), keeping F...

    UAE Central Bank Issues AML/CFT Guidance For Exchange Houses Explore More

    News

    India to Impose $2.65M Fine and Jail for Violating Cryptocurrency Bill

    India’s financial watchdog has proposed a new crypto bill to impose a $2.65M fine and jail for vi...

    India to Impose $2.65M Fine and Jail for Violating Cryptocurrency Bill Explore More

    News

    SRA Fines Scarborough Law Firm for Long-term AML Compliance Failures

    The Solicitors Regulation Authority (SRA) has fined Scarborough law firm Pinkney Grunwells Lawyer...

    SRA Fines Scarborough Law Firm for Long-term AML Compliance Failures Explore More

    News

    Taiwan FSC Fines Taishin Int’l Bank For Inadequate Internal Controls

    Taishin Commercial Bank of Taiwan penalised for defrauding NT $347 million from customers and fai...

    Taiwan FSC Fines Taishin Int’l Bank For Inadequate Internal Controls Explore More

    News

    UAE to Demonstrate Effective Financial Crime Prevention to be Removed From FATF Gray List

    The economic secretary of the UK recently stated (April 25th, 2023) that the United Arab Emirates...

    UAE to Demonstrate Effective Financial Crime Prevention to be Removed From FATF Gray List Explore More

    News

    Aussies Lost Record-breaking $851 million During COVID-19: ACCC Reports

    Amid the pandemic, Australians lost a record-breaking amount of $851 million in 2020. According t...

    Aussies Lost Record-breaking $851 million During COVID-19: ACCC Reports Explore More

    News

    Japan’s regulator verifies 2 new digital currency alliances

    Financial regulators in Japan have approved two organizations to act as digital currency associat...

    Japan’s regulator verifies 2 new digital currency alliances Explore More

    News

    Latin America’s Private Investment Funds at Risk of Money Laundering

    Private investment funds are exposed to money laundering as they contain a number of structural r...

    Latin America’s Private Investment Funds at Risk of Money Laundering Explore More

    News

    IRS Deploys Effective Filters to Detect and Prevent Tax Evasion

    The Treasury Inspector General for Tax Administration released an interim filing season report on...

    IRS Deploys Effective Filters to Detect and Prevent Tax Evasion Explore More

    News

    FIAU Fines Maltese Investment Fund €300,000 for ‘disregard’ of AML Rules

    The FIAU said that Southern Cross Sicav showed ‘disregard’ for its anti-money laundering obligati...

    FIAU Fines Maltese Investment Fund €300,000 for ‘disregard’ of AML Rules Explore More

    News

    BitGo settles with US Treasury; Sanctions Violations will Cost $98,830

    The U.S. Treasury has settled with BitGo over costs that it helped users in authorised divisions ...

    BitGo settles with US Treasury; Sanctions Violations will Cost $98,830 Explore More

    News

    Central Bank of Bangladesh Concerns Over Data Submission Delays and Abnormalities

    The Central Bank of Bangladesh has raised concerns over licensed bank dealers for late submission...

    Central Bank of Bangladesh Concerns Over Data Submission Delays and Abnormalities Explore More

    News

    Garmin Online Services Reportedly Hit With Ransomware Attack in demand for $10 Million

    Ransomware attacks are on the rise, and Garmin is the latest big name to take a hit. A hacker gro...

    Garmin Online Services Reportedly Hit With Ransomware Attack in demand for $10 Million Explore More

    News

    SataBank is Set to be Formally Liquidated Over Money Laundering Concerns

    The liquidation of Satabank has affected prominent names with a massive due amount. The infirm se...

    SataBank is Set to be Formally Liquidated Over Money Laundering Concerns Explore More

    News

    UK’s Revised Fraud Policy Criticised for Ineffectiveness Against Rising Crimes

    On Wednesday, Britain announced its strategy for reducing fraud by 10% by the end of the current ...

    UK’s Revised Fraud Policy Criticised for Ineffectiveness Against Rising Crimes Explore More

    News

    SPP Observes Rapid Increase in Money Laundering Cases Prosecuted Nationwide

    The Supreme People’s Procuratorate (SPP) has observed a rapid increase in money laundering ...

    SPP Observes Rapid Increase in Money Laundering Cases Prosecuted Nationwide Explore More

    News

    FATF puts Morocco on the Gray List for Pervasive Money laundering

    Financial Action Task Force, the global regulatory watchdog for money laundering, has placed Moro...

    FATF puts Morocco on the Gray List for Pervasive Money laundering Explore More

    News

    Nearly $30 Billion Laundered Through Canada’s Real Estate – Says TIC

    A joint study by Transparency International Canada and the End Snow Washing Coalition highlighted...

    Nearly $30 Billion Laundered Through Canada’s Real Estate – Says TIC Explore More

    News

    FCA Takes NatWest to Court over Money Laundering Charges

    The National Westminster Bank has been accused of neglecting the anti-money laundering regulation...

    FCA Takes NatWest to Court over Money Laundering Charges Explore More

    News

    Iran’s President Has Called for Legal Framework For Crypto Trading

    Hassan Rouhani, the Iranian President, wants to legalize crypto trading and safeguard national in...

    Iran’s President Has Called for Legal Framework For Crypto Trading Explore More

    News

    South Korea’s Telecom Giant to Introduce Blockchain Wallets for Official Documents

    SK Telecom, a South Korean telecom giant, has announced its first e-wallet for digitally storing ...

    South Korea’s Telecom Giant to Introduce Blockchain Wallets for Official Documents Explore More

    News

    Janet Yellen, US Treasury Secretary to be, Prioritizes AML Regulations

    Janet Yellen, incoming Secretary of the US Treasury has announced that AML legislation is the mos...

    Janet Yellen, US Treasury Secretary to be, Prioritizes AML Regulations Explore More

    News

    Russian Government Bans New Crypto Website for ‘Promoting Money Laundering’

    The Russian government has banned the new website Bits.media for allegations of promoting illicit...

    Russian Government Bans New Crypto Website for ‘Promoting Money Laundering’ Explore More

    News

    FinCEN and Federal Reserve Board Reducing the Bar for International Transactions

    The FinCEN and Federal Reserve Board are planning to reduce the threshold for international trans...

    FinCEN and Federal Reserve Board Reducing the Bar for International Transactions 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