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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High-Risk Transactions – How Can Enhanced Due Diligence (EDD) Help?
In today’s continuously evolving world, businesses should not only focus on the revenue they gene...
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Blog
Building an Effective Customer Due Diligence (CDD) System with Shufti
There are various factors that businesses have to consider while implementing measures to gather ...
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Blog, Reg Tech
How Identity Verification Services make Regulatory Compliance Easier?
Financial institutions and banks have ended up in a loop of dumping billions of dollars because o...
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Blog
Metaverse and Meta Criminals – Is it Possible to Secure Identities with IDV?
Ever since Mark Zuckerberg changed Facebook’s name to Meta, the acronym “metaverse” has taken ove...
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An Insight into Online Dating Scams – How Identity Verification Helps
The impact of Covid-19 on businesses and the physical, mental health of individuals has been stre...
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The ‘What’ and ‘How’ of Address Verification Service
The rising number of chargebacks and other fraudulent activities has led organisations to develop...
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How biometrics in visa process reduce travel difficulties
Biometric technology is enhancing the travel industry in many ways. Factors that drive the secur...
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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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Top 5 Payment Trends Transforming the Commerce Sector in 2021
Financial markets across the globe saw many unpredictable changes due to the pandemic last year. ...
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Blog, Online Marketplace
Ride Sharing Services and ease provided by KYC Services
Ride Sharing services might be the hottest form of transportation especially in developed countri...
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Blog
Shufti to Revamp Customer Experience with Enhanced Video KYC UX
Would you ever want to use a product that is hard to understand? A McKinsey Report revealed that ...
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A Basic Guide to Know Your Customer Online (2023 Update)
In our current digital landscape, where identity theft seems rampant, protecting personal informa...
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Blog
Biometric Authentication is Smart but AI Makes it Smarter – Here is How
In the ongoing digital age security is a top priority concern of any organization. Data is a maj...
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Blog
Passport Verification: Preventing Document Forgery and Identity Theft
In our current era of modern interconnection, global travel has become more accessible than ever,...
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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
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
Travel Fraud and the Crucial Role of e-IDV
The travel sector is booming in this age of digitisation, and air travellers are estimated to dou...
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Blog, Identity & KYC
Enhanced Due Diligence: Ensuring KYC and Regulatory Scrutiny
Enhanced Due Diligence: The adoption of innovative solutions in businesses today, should not have...
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Blog
KYC in Crypto Exchanges – Hitting the Nail on the Head
A few years back, startups related to ICOs (Initial Coin Offerings) were in full swing, driving t...
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AUSTRAC’s ML/TF Risk Assessment Report on Foreign Bank Branches [Part 3]
This blog makes the third chapter of our four-part series on AUSTRAC’s report on the Banking Sect...
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Enhancing security in the cryptocurrency world with KYC verification
Almost 20 years after the legislation on combating money laundering, regulators around the world ...
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Blog
Curbing Real Estate Crimes and Hunting Down Russian Investors with Shufti’s AML Screening Solution
The real estate industry has become attractive to money launderers in the same way it is to any l...
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Biometric Technology, Blog
Warning: You’re Losing Money by not Using Biometric Identification
On the surface, Biometric Identification might seem as if it’s only useful for opening your bank ...
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Blog
A Basic Guide to Smurfing and the Role of AML in Combating It
Scammers employ various strategies to conceal illegally acquired funds, and one increasingly prev...
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Curbing Real Estate Crimes with AML Screening Solutions – How Shufti Can Help
In course of history, money laundering has always remained most complicated issue for governments...
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KYC and AML For Fintech | A Comprehensive Guide to Fraud Prevention
Since governments worldwide are increasing the pressure to regulate, compliance has become a key ...
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Know Your Donor – Securing NPOs and Charities Through KYD/AML Solution
Emerging technologies and growing digitization have increased financial crime risks in Non-Profit...
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Why Payment Processors Need Mobile ID Verification?
One of the many by-products of progressing technology is payment systems that have cropped up ove...
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Risk Assessment and Management | Why do Businesses need it?
B2B partnership always carries risks that must be managed whilst staying compliant. Business part...
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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, Online Marketplace
How crucial is AML/CFT Compliance for Hong Kong based Businesses?
Hong Kong serves as financial hub of trade and financial industry especially due to its strategic...
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Blog
AI-based IDV Can Effectively Curb Unemployment Insurance Fraud
Throughout the United States, an emerging scam has taken the nation by storm. Unemployment Insura...
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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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Blog, Business Technology, Financial Crime / AML, Identity & KYC
AML Technology Eradicating the Perils of Money Laundering
In the past few years, we have seen a substantial increase in the number of legislations regardin...
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Blog
AML Screening – Identifying Financial Criminals in the Art & Antiquities Sector
There is no doubt in the fact that art and antiquities are one of the sectors responsible for bil...
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Blog
Biometric Authentication is Smart but AI Makes it Smarter – Here is How
In the ongoing digital age security is a top priority concern of any organization. Data is a maj...
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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...
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Blog
The Top 10 Benefits of the Know Your Customer Lifecycle
In this digital age, where transactions occur remotely and identity theft is rising, establishing...
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Blog
FINMA Report Indicates Unchanged Cybercrime and Money Laundering Risks
Money laundering, identity theft, and various other cyberattacks risk have been elevated over the...
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Blog
AML Screening – Why Real Estate is an Easy Target for Money Launderers
The strong link between money laundering and the real estate industry is becoming a global concer...
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Blog
KYC Compliance for DeFi Platforms – Finding the Balance for a Secure Future
The rise of decentralized services in the form of digital asset trading platforms and DeFi consta...
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Artificial Intelligence, Blog
How Augmented Intelligence is next stop in ID Verification Services?
Augmented intelligence (AI), also referred to as intelligence augmentation (IA) and cognitive aug...
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Blog
Evaluating the Potential of Digital ID Verification Systems in 2022
Identity fraud and synthetic identities are skyrocketing and collectively account for a loss of ...
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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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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...
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Blog, Online Marketplace
How the Rise of ID Verification Promises Trillions of Dollars for Online Marketplace?
The affliction of cybercrimes and online frauds has reached such high proportions that the cost o...
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Blog
A Comprehensive Guide to AML Compliance [2020]
Anti-money laundering (AML) laws are the primary target of regulatory authorities. These regimes ...
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Blog
A Brief Insight Into Anti-Money Laundering (AML) Regulations in Colombia
Money laundering has become a global issue, and almost all countries are facing this threat in va...
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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
Protect Your Business Against Identity Theft with Face ID Check
The efficacy of biometric authentication becomes questionable in the face of facial ID checks. It...
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Blog
Fight Fraud Proactively and Reduce Fake Customer Accounts With Shufti’s AI-powered ID Document Forgery Detection
Bank statements, land documents, and social security checks are frequently forged. Document forge...
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Blog
The Shufti Difference: Speed, Security, and Fairness Without Compromise
With over 100 fraud and identity companies operating worldwide, you might assume that something l...
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Blog
ID Document Fraud | Is Your Business Prepared to Fight the War Against Fraud in 2024?
In today’s data-driven, digitized world, various business processes have been automated...
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Blog
Top 5 Payment Trends Transforming the Commerce Sector in 2021
Financial markets across the globe saw many unpredictable changes due to the pandemic last year. ...
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Blog
AML Screening – Revealing the True Identities of Ultimate Beneficial Owners in Businesses
Hiding the Ultimate Beneficial Owners (UBOs) behind a business is never a good sign. However, som...
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Blog, Reg Tech
Effect of the Amendment to the FINMA Compliance on IDV Service Providers
In the first quarter of the year 2018, the Swiss Financial Market Supervisory Authority rolled ou...
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Blog, Identity & KYC, Online Marketplace
Why 2 Factor Authentication is vital for Online Identity Risk Management?
Online identity risk management is becoming harder and harder on cyberspace. It is a headache for...
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Blog, Identity & KYC
Why does ID verification fail?
Know Your Customer (KYC) encompasses an array of practices implemented within organisations to de...
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Blog
FinCEN Files – Banks abandoning front-line defenses against money laundering
Banks and financial institutions are under the continuous scrutiny of regulatory authorities, yet...
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Blog
Biometric Authentication | Understanding the Significance of Facial Recognition
Data security and identity verification have come a long way since the inception of knowledge-bas...
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Artificial Intelligence, Blog, Fraud Prevention
The Role of Artificial Intelligence in the Future Of Financial Fraud Detection
Until a few years ago Artificial Intelligence seemed like a thing from sci-fi movies. The whole c...
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Blog
AML Compliance for Money Service Businesses (MSBs) – How Shufti’s AML Screening Helps
Money laundering has spread like a virus in today’s globalized society. Banks and other fin...
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Blog
Which KYC Solution is Right for Your Business?
KYC solutions are vital for assessing consumer risk and a legal necessity for complying with Anti...
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Blog
Surging Crimes in NFT Marketplaces – Setting New Security Standards Using Shufti’s AML Solution
The emergence of Non-Fungible Tokens (NFTs) has created new investment opportunities for business...
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Blog
KYC Identity Verification – Building Customer Trust in Ride-Hailing Services
The transportation industry is in the phase of significant disruption, redefining its services an...
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Blog
Risk Assessment: Building Trust Among Travellers
The travel and tourism industry is among the largest in the world. Many countries, such as the UA...
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Blog
KYC Verification – Ensuring Regulatory Compliance in Sports Betting Platforms
With the growth in organised crime and its infiltration into the sports betting market, businesse...
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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
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
A 2024 Overview of Identity Document Forgery
As technologies like artificial intelligence and machine learning have advanced, they have signif...
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Blog, Online Marketplace
Nordic Banks brace for Digital KYC with centralized Database
Five major Nordic banks have formed a partnership to establish a company that will compile a cent...
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