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...
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The Reality Behind Money Laundering through Environmental Crimes
Environmental crimes are among the most prevailing and profiting offenses present in the world. C...
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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 ...
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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...
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Rising Concerns of Money Laundering and the Role of Global Financial Sanctions
Since 9/11, money laundering has become a global issue that has raised alarms for financial watch...
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Why Digital Identity Verification is Booming – A Detailed Insight
According to the report “Digital Identity & Document Verification Market & Technology Ana...
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KYC Verification: Eliminating Fraud from Crypto Exchanges
Despite persistent volatility, the crypto market continues to yield profits. Whilst the market wi...
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Dirty Funds & Tax Evasion – Can the Crypto Sector Be Safeguarded?
2021 has turned out to be another eventful year for the cryptocurrency sector. In just a span of ...
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Working from Home Spikes Demand for Digital Identity Verification
Due to the Coronavirus Pandemic, many businesses are grounded or are enforced to work from home. ...
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Blog
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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Blog, Online Marketplace
KYC for Financial Institutions
E-KYC for Financial Institutions
Imagine you’re the owner of a brokerage firm. You’re not exactly...
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Blog
Integrated Compliance Management – Mitigating the Regulatory Risks
Businesses operating in the financial sector often face organizational and compliance challenges....
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Blog, Online Marketplace
Social Media and Identity Theft Frauds
Imagine this: You get up in the morning and like most people; check your email. There you have an...
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Blog
The Crucial Role of Know Your Customer (KYC) in Gaming
The gaming sector has grown exponentially since the first arcade games of the 70s. Surpassing mus...
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Face Verification – Trends and Benefits for the Corporate World in 2021
Face verification technology has gained popularity over the past few years. A biometric authentic...
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AML Compliance for the Crypto Sector – How VASPs Can Adhere to the Regulations
With cryptocurrencies gaining traction and entering the mainstream, financial regulators are asse...
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Blog
Frequently Asked Questions about OCR Scanners
The way we process and analyse written information has been entirely transformed by Optical Chara...
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Supplementing blockchain with KYC offers endless possibilities
While you may be tempted to think that decentralized and anonymous blockchains are safe because t...
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Blog, Financial Crime / AML, Online Marketplace
Billion Dollar AML Compliance Plan for the Financial Sector
The financial services sector has long been blamed for the spread of financial crimes like money ...
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Blog, Online Marketplace
Fraud Protection services for Online Retail Businesses
Online Marketplace faces Chargeback issues
Fraud Protection Services are an integral part of reta...
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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...
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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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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
Understanding eKYC | The Benefits, Processes & 2024 Forecast
Governments worldwide require firms, such as financial institutions, to know who their customers ...
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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
5 Frauds in the Education Sector and How They Can be Prevented
Educational institutions have become an attractive target for cybercrime attacks in recent years....
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Strong Customer Authentication (SCA) – Factors, Methods, and Benefits
In Europe, new customer authentication requirements for online payments were introduced on Septem...
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Global Trade and Prevalent Crimes – How Shufti’s AML Solution Can Help
International trade is exchanging services, capital, and goods across borders or territories, gen...
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Blog
Identifying and Combating Trade-Based Money Laundering with Shufti AML Screening Services
The crime involved in trading is as old as human history. Where there is trade there is money inv...
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Blog, Online Marketplace
Know Your Customer Verification for Charity Organisations
They say no good deed goes unpunished, if we were to take a look at it literally the frauds that ...
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Blog, Online Marketplace
The Importance of Know Your Customer for Crowd Funding and ID Verification Service
In today’s world where most business and financial transactions are taking place online, the impo...
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Biometric Technology, Blog, Business Technology
Speed Up customer Onboarding with Online Facial Recognition
Banks are spending loads to digitize their operations. The competition is mounting, plus, people ...
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Blog
AUSTRAC’s ML/TF Risk Assessment Report on Foreign Subsidiary Banks [Part 4]
This blog covers the last chapter of our four-part series on AUSTRAC’s money laundering and terro...
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Blog
Understanding Facial Identification: Face Verification vs. Face Recognition
Many terms in the biometrics field are used interchangeably, particularly regarding facial verifi...
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Blog
Online Dating Activities, Surging Crimes and Shufti’s IDV Solution
Matchmaking is considered one of the oldest industries in existence, online dating is now having ...
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Blog
The Most Common Bank Scams and How e-IDV Can Help
Protecting customers against diverse types of fraud is a continual practice for banks and credit ...
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Blog
Dirty Funds & Tax Evasion – Can the Crypto Sector Be Safeguarded?
2021 has turned out to be another eventful year for the cryptocurrency sector. In just a span of ...
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Blog
A Comprehensive Guide to Understanding Ultimate Beneficial Owners (UBOs)
Identifying UBOs and their control over a business is crucial for financial firms to meet regulat...
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Digital customer onboarding – Revamping onboarding process in banks
The first impression is what counts most when it comes to customer-oriented services. Banks and f...
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Blog
Document Authentication | Streamlining Onboarding, Compliance & Fraud Prevention
Before the world experienced digitisation due to the advent of smartphones, fast-speed internet, ...
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Blog
A Brief Insight into Netherlands’ Cryptocurrency Regulations
Just like other European countries, the Netherlands is also a notable financial center making it ...
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Blog
The Power of Identity Verification Solutions in Ensuring Risk-Free Recruitment Operations
Over the recent years, the employment industry has undergone significant changes, from mass offbo...
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Blog
DSAR Under GDPR and CCPA – Understanding the Key Differences
Data protection is one of the key concerns of organisations these days. For the same reason, data...
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Blog
5 AI-Powered Products to Boost Digital Experiences Post Covid
If there’s one thing financial institutions understood within the first year of global shutdowns ...
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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...
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Blog
A Brief Insight into Netherlands’ Cryptocurrency Regulations
Just like other European countries, the Netherlands is also a notable financial center making it ...
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Blog
Video KYC in 2024 | A Step Towards Digital Evolution
The striking surge in theft and fraud through digitisation is a growing concern for many business...
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Blog
Customer Risk Assessment – A Landmark Approach to Fight Identity Fraud
Identity theft is the most prominent cybercrime which has raised alarms for global law enforcemen...
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Blog
The Importance of KYC Remediation to Prevent Financial Crimes
If we talk about financial institutions including banks and their processes, one can freely argue...
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Blog
5 Benefits of Optical Character Recognition in the Classroom
Optical Character Recognition (OCR) goes beyond just processing documents and boosting businesses...
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Blog
AML compliance checklist for efficient AML screening in 2020
2019 brought a plethora of AML regulations for businesses and non-compliance is no more an option...
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Blog
How can you prepare for AML Compliance – Ultimate AML Guidelines For Starters
Anti Money Laundering Compliance, commonly known as AML Compliance, is something that banks and f...
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Blog, Financial Crime / AML
AMLD5 Amendments in Prepaid Cards Transaction Threshold
In July 2018, the European Commission came into effect the 5th Anti-Money Laundering Directive (A...
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Blog
Document Authentication | Streamlining Onboarding, Compliance & Fraud Prevention
Before the world experienced digitisation due to the advent of smartphones, fast-speed internet, ...
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Blog
DSAR Under GDPR and CCPA – Understanding the Key Differences
Data protection is one of the key concerns of organisations these days. For the same reason, data...
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Blog
Age Verification: Use Cases, Significance and Regulations
This pillar post talks about the significance of digital age verification, how it works, what are...
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Blog
Gambling Regulations in Germany Lay Ground for Robust Player Verification
User engagement towards digital platforms has been growing at an exponential pace for the past fe...
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Blog
Impact of California Consumer Privacy Act on Online Businesses
California consumer privacy act has been revolutionizing consumer data regulations. The act was p...
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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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Blog
ETSI Identity Proofing Standard – How to Meet the New Regulations
Rapid digitization trends have led banks and financial institutions into competition for providin...
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Blog
KYC Verification – The Need for Customer Due Diligence in Co-Working Spaces
The development of coworking platforms has led to a business transformation that brings security ...
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Blog
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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Blog
AML Compliance – Global Watchlists that Businesses Need to Consider
Coordinated sanctions after the Russian invasion of Ukraine have made the headlines due to their ...
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Blog, Identity & KYC, Online Marketplace
Importance of Identity Proofing for Facebook & Social Media
For years, social media has been used as a tool for increased connectivity. Both businesses, as w...
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Blog
How Multi-Factor Authentication Is Playing An Important Role In Combating Rising Online Business Fraud
The advent of online businesses has brought a lot of convenience for customers using modern techn...
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Blog
Fintech 2021: KYC/AML Bringing New Innovation to the Table
2020 was all about surviving the pandemic, but it has also kickstarted a new wave of innovation. ...
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Blog
COVID-19 pandemic turning into a financial crime threat
A few months back when the World Health Organization (WHO) declared coronavirus a “pandemic” it l...
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Blog
Identification, Verification and Authentication – Cut from the same cloth
The modern era of technology has brought so many frauds to light. The digitized world has urged b...
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Blog
China’s Data Protection and Privacy Laws | 2023 Update
China has witnessed massive growth in the last few decades. However, the rise of the digital econ...
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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, 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...
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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...
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