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

    216.73.216.178

    Shufti’s Ongoing AML Solution to Prevent Transaction Laundering

    Shufti-Pros-Ongoing-AML-Solution-to-Prevent-Transaction-Laundering-min

    Online financial criminals are always finding newer ways to exploit financial infrastructures in order to conceal illegal sources of their funds. After money laundering, transaction laundering is gaining the spotlight among criminals across the globe. Transaction laundering is a more refined and revolutionised form of traditional money laundering practices. Although, it may have been left unnoticed by the global regulatory authorities, until now. Transaction laundering is closely related to the e-Commerce industry. The on-going development in the e-Commerce sector has paved the way for cyber criminals mainly because it involves a large volume of personal customer data and transaction flow. Compromised customer data due to breaches lay bare the e-commerce platforms to more vulnerabilities. 

    Recommended: E-commerce Frauds – Common types and Prevention tips

    Launder_GDP-min

    What is Transaction laundering?

    Transaction Laundering, also known as, Electronic Money Laundering, is one of the methods for disguising illicit sources of money. Illegal traffickers set up an online illegal business website, commonly known as shell websites that seem totally unrelated to the product they are selling in reality, in exchange for a safe payment gateway through banks. Customers can order illicit goods such as drugs from the site. Criminals process card payments for illegal products through another merchant’s legal payment service accounts, which as a result, helps the criminals mask their fund’s origin. The process of using another merchant’s legal payment services is referred to as transaction laundering.

    Transaction laundering – Electronic form of money laundering

    Transaction laundering is mostly practised to disguise the sources of the illegal drug business and almost all the illegal transactions are carried out through transaction laundering. Here vendors of illegal products develop shell websites, completely irrelevant to the product they are selling, say for example an eCommerce platform for shoes, is processing the payments from illegal goods and Merchant Service Providers (MSPs) aids laundering money by providing a safe passage for processing illegal payments. Therefore, regulatory authorities are targeting and investigating the infrastructure aiding these illegal businesses and stressing upon the need for monitoring credit card transactions to prevent transaction laundering. 

    Illegal traffickers involved in the drug business may reckon that financial institutions overlook online activities, thus using online options to their advantage to sell products otherwise prohibited through shell websites. Since transaction laundering is gaining attention from global regulators, the banking sector is monitoring websites with the objective of terminating them in case of illegal activities. But online criminals are finding more sophisticated ways to hide profits earned through illegal sources via online platforms. Additionally, an increasing number of eCommerce platforms are making it difficult to detect fraudulent transactions. 

    Transaction Laundering

    As crime is becoming more sophisticated, so do the Anti Money Laundering regulations to curb these crimes. Previous old manual AML regulations, that were unable to keep up with the ongoing digitisation are, too, now syncing with the digital world to prevent money launderers from exploiting digital payments. 

    There are an estimated 40 million e-commerce websites around the world, which are making manual due diligence and onboarding processes inefficient and nearly impossible. The reason why customer due diligence, AML, and identity verification services are using emerging technologies of Artificial Intelligence and Machine learning to meet regulatory compliance. These technologies are helping global companies, the financial sector, to be precise, in combating the crimes of transaction laundering. AI-based Identity verification solutions to meet KYC and AML compliance are a game-changer. 

    Recommended: Anti Money Laundering – What is AML compliance and why is it important?

    How does it work?

    Transaction laundering gives criminals ease to establish websites that may look legitimate but they are not. Plus, the transactions are carried through legal payment accounts which makes it extremely difficult to detect the sources. The process of transaction laundering is as follows:

    • The online criminals develop illegal websites with the objective of transaction laundering by simply selling illegal products such as drugs
    • Payments are processed through another merchant’s legal payment accounts to guise the illegal sources
    • Merchant processes the payment and contacts the bank for receiving funds
    • Funds are deposited to the criminal account, the money is, therefore, laundered. 

    The credit market is huge. Online customers make thousands of credit card payments every day, both in debit and credit. Over 103 billion transactions were made in the year 2015, worth $5.72 trillion in the USA alone. Therefore, investigating suspicious transactions out of these $5 trillion is near to impossible and is like finding a needle in the haystack. The problem intensifies when these illicit transactions appear as legitimate. Without robust AML and KYC solutions, there is no other way for financial institutions to determine criminal activities happening right under their noses. 

    Common sources of Transaction Laundering

    There are 3 major sources through which transaction laundering is implemented.

    • Front or shell online companies: These companies are not what they show they are. These may appear as something else but are used to sell illegal products under the veil of a legitimate business. 
    • Pass-through companies: These basically involve merchants with legal payment accounts that provide a passage to unlawful third parties to use their legal accounts in order to process illegal payments.

    Funnel accounts: These accounts accept payments from criminals in amounts below the threshold to avoid identification, in one geographic area and are then withdrawn in another. The intermediary then uses these funds to purchase goods either through wire transfers or cheques, the illegal goods are shipped to foreign countries for selling. The profits acquired through sales are transferred back to criminal organizations.

    illegal_goods-min

    Potential risks posed by transaction laundering

    Transaction laundering poses risks to financial institutions, and some of these risks are in the form of financial losses as well as reputational damages. By letting laundered money into the payment system can violate anti-money laundering laws and regulations which can result in non-compliance fines for the banking sector, hence, financial losses. Undoubtedly, technologies are making payment processing faster, but at the same time, transaction laundering is becoming increasingly popular. 

    According to research, the real identities of 6-10% of online merchants remain hidden from their payment processors. Airbnb has been identified as another route for transaction laundering including Amazon, eBay, etc. Additionally, Illegal online gambling is increasingly becoming dependent on transaction laundering. 

    Customers, financial institutions, and society as a whole are negatively affected by the aftermath of money laundering. Financial institutions are especially vulnerable to the threat of financial crimes as key stakeholders in the company may face jail time in case of failing to meet AML compliance. Moreover, once reported, banks may lose customer trust. By ignoring money laundering activities, world economies can fail and countries with weak governments and law enforcement may give criminals easy access to institutions to commit more crime. However, every time a money laundering case becomes known the credibility of the governmental infrastructure is further weakened.

    Dirty_money-min

    Illegal pharmaceuticals account for only one portion of the counterfeit product market accounting for $450 billion, according to ETA experts. 

    Monitoring transaction laundering

    Transaction monitoring involves the monitoring of customer’s transaction history, information, and interactions. It includes the complete record of customer activities within financial institutions such as withdrawals, bank deposits, and transfers. Since AML compliance is mandatory for financial institutions, therefore, in order to meet the obligation, banks are using AI-powered solutions to perform on-going background checks for AML. Inherently, using automated AML solutions is one of the most effective approaches as compared to manually going through customer records for risk assessment. Also, manual processes require just the right amount of resources to prevent financial crimes. Additionally, automated AML solutions can prevent organizations from being exposed to greater levels of risk
    Recommended: The Anti-Money Laundering Solution Market is Expected to Double by 2025

    Shufti’s On-going AML Solution to Prevent Transaction Laundering

    Customers with high levels of risk pose great threats to the financial infrastructure. Therefore, they are required to perform a thorough risk assessment during customer onboarding processes and are checked against global sanctions, blacklists, and PEPs. On-going AML is performed to prevent high-risk customers from causing any more damage to the system, then they already have. 

    Shufti’s ongoing AML solution gives financial businesses a chance to perform ongoing customer monitoring. On-going AML from Shufti is powered by AI and Machine learning algorithms for conducting in-depth AML monitoring of clients to develop comprehensive risk profiles which consequently prevent the crimes of money laundering and other financial crimes such as corruption and/or terrorist financing. Financial organizations can stay one step ahead of fraudulent customers and can also meet regulatory requirements. Shufti’s ongoing AML is considered one of the best practices by global businesses to screen customers as it not only saves costs and resources but provides accurate authentications. The AML databases are updated on a regular basis to maintain client risk profiles and establish consistency with authentic background data.

    Shufti’s ongoing AML solution is helping financial service providers, retailers, credit unions, insurance firms, real estate, you name it, in eliminating false positives to identify high-risk profiles through global AML screening, including:

    • Identity assurance
    • AML onboarding solutions
    • Accurate risk profiling
    • Updated risk status
    • Enhanced compliance screening
    • High-security standards, and
    • Reduced cost of compliance

    Want to know more about Shufti’s ongoing AML solution?

    Related Posts

    Blog

    The Evolution of Video KYC: Revolutionise the Fintech Industry

    FinTech encompasses financial organisations’ use of computing and communications tools to b...

    The Evolution of Video KYC: Revolutionise the Fintech Industry Explore More

    Blog

    KYC Verification: Eliminating Fraud from Crypto Exchanges

    Despite persistent volatility, the crypto market continues to yield profits. Whilst the market wi...

    KYC Verification: Eliminating Fraud from Crypto Exchanges Explore More

    Blog

    European Payments Initiative Calling for IDV Solutions

    The rise in the popularity of Visa and Mastercard in Europe, both US-headquartered companies, was...

    European Payments Initiative Calling for IDV Solutions Explore More

    Blog

    The Ultimate KYC Checklist for 2023 to Ensure Regulatory Compliance

    Non-compliance cost businesses billions of dollars. Regulators have charged financial firms with ...

    The Ultimate KYC Checklist for 2023 to Ensure Regulatory Compliance Explore More

    Blog

    Shufti Beyond Borders – Customer Experience That Drives Results

    About Stanton Brooks Stanton Brooks is a global customer experience (CX) leader specializing in d...

    Shufti Beyond Borders – Customer Experience That Drives Results 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

    Online Identity Verification: 5 Trends to Expect in 2021

    The boom in digitisation forced businesses to opt for digital means of operations. Online busines...

    Online Identity Verification: 5 Trends to Expect in 2021 Explore More

    Blog

    Top 10 Forged ID Documents on the Dark Web in 2023

    As criminal activity increases every year, the massive amounts of data being uploaded to the inte...

    Top 10 Forged ID Documents on the Dark Web in 2023 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

    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

    CCPA Compliance Checklist – Is your business ready?

    With the world moving towards digitization, organizations have a customer base from all around th...

    CCPA Compliance Checklist – Is your business ready? Explore More

    Blog

    A Quantitative Insight into the Global Gaming and Gambling Industry

    The gaming and gambling industry has demonstrated exponential growth in the past decades and is e...

    A Quantitative Insight into the Global Gaming and Gambling Industry Explore More

    Blog

    Know Your Business (KYB) | Ensuring Financial Security

    The Know Your Business solution standard verifies a company’s legal standing and confirms i...

    Know Your Business (KYB) | Ensuring Financial Security Explore More

    Blog

    Identity Verification Isn’t Just for Compliance Anymore

    Identity verification solutions are well-known in regulatory compliance environments, particularl...

    Identity Verification Isn’t Just for Compliance Anymore Explore More

    Blog

    How Shufti Identity Verification User Experience Impacts Business Outcomes

    User experience (UX) isn’t only about design or even metric-driven decision making. It’s a busine...

    How Shufti Identity Verification User Experience Impacts Business Outcomes Explore More

    Blog

    Why online alcohol industry needs robust age verification solutions?

    “Can I see some ID?” The question brick and mortar booze stores ask or at least should ask to ver...

    Why online alcohol industry needs robust age verification solutions? Explore More

    Blog, Fraud Prevention

    4 Fraud prevention tips that you must follow this Holiday Season

    The holiday season is around the corner and it is the time of the year when online shopping and m...

    4 Fraud prevention tips that you must follow this Holiday Season Explore More

    Blog, Fraud Prevention

    Looking for Online Fraud Prevention: Here Is What You Can Do

    In an increasingly digital world, it is extremely important for online businesses to identify fra...

    Looking for Online Fraud Prevention: Here Is What You Can Do Explore More

    Blog

    Transforming the KYC Experience Using Automated Document Verification Checks

    In 2021, reported fraud losses were $5.8 billion, a more than 70% rise in a single year. As ident...

    Transforming the KYC Experience Using Automated Document Verification Checks Explore More

    Blog, Online Marketplace

    Fraud Prevention in Real Estate Industry

    Fraud prevention tools that include3rd-party KYC service providers are essential in the real esta...

    Fraud Prevention in Real Estate Industry Explore More

    Blog

    KYC Outsourcing vs. In-House Systems – What Should Businesses Opt For?

    KYC requirements for financial institutions throughout the world come with a basic need for imple...

    KYC Outsourcing vs. In-House Systems – What Should Businesses Opt For? Explore More

    Blog

    Revolutionizing the Finance Sector | VKYC’s Impact on Identity Verification in 2024

    Identity verification is crucial in today’s ever-evolving digital landscape as it helps prevent i...

    Revolutionizing the Finance Sector | VKYC’s Impact on Identity Verification in 2024 Explore More

    Blog, Online Marketplace

    How API-based Technologies Can Transform the Future of Online Marketplace

    API Based Technologies: Application Programming Interfaces (APIs) are giving advanced ways of dig...

    How API-based Technologies Can Transform the Future of Online Marketplace Explore More

    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...

    The Role of Artificial Intelligence in the Future Of Financial Fraud Detection Explore More

    Blog

    Biometrics identity verification system – a masterstroke in verification market

    The biometrics identity verification system determines the resemblance of an individual by compar...

    Biometrics identity verification system – a masterstroke in verification market Explore More

    Blog

    KYC Isn’t Enough: Get Ready for the Future of Verification

    Over the past few years, companies have been looking for more sophisticated identity verification...

    KYC Isn’t Enough: Get Ready for the Future of Verification Explore More

    Blog

    Swipe Right on Facial Verification for Secure Online Dating

    In today’s COVID-ridden world, in-person dating is deemed very risky due to the spread of the vir...

    Swipe Right on Facial Verification for Secure Online Dating Explore More

    Blog

    UK Watchdogs Hit Financial Institutions with Record AML Fines in 2021

    A dramatic increase in Anti-Money Laundering (AML) fines was seen in 2021 as financial watchdogs ...

    UK Watchdogs Hit Financial Institutions with Record AML Fines in 2021 Explore More

    Blog

    Forex Market – Are there Enough KYC/AML Regulations to Keep Perpetrators at Bay?

    Regulatory pressure, hefty penalties and increasing criminal instances are some risks associated ...

    Forex Market – Are there Enough KYC/AML Regulations to Keep Perpetrators at Bay? Explore More

    Blog, Online Marketplace

    e-KYC Services for Libraries

    Have you ever had those series of events that leave you shaking your head? That makes you believe...

    e-KYC Services for Libraries Explore More

    Blog

    AML Compliance – How to Steer Clear of Cryptocurrency Crimes

    Bitcoin, Ethereum, Dogecoin, and Tether along with thousands of other cryptocurrencies are rising...

    AML Compliance – How to Steer Clear of Cryptocurrency Crimes Explore More

    Blog

    Blockchain and NFTs – Setting New Standards for Cybersecurity and Identity Management

    Non-fungible tokens (NFTs) are an evolution over the emerging concept of cryptocurrencies. As fin...

    Blockchain and NFTs – Setting  New Standards for Cybersecurity and Identity Management Explore More

    Blog

    The Emerging Threat of DeepFakes and the Role of Video KYC

    With technological advancement, cybercriminals are revising their strategies to commit fraud. Cri...

    The Emerging Threat of DeepFakes and the Role of Video KYC 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

    The need for identity verification solutions spiking in demand

    At present, we are living in a digital world. Everyone is on the internet which is an anonymous s...

    The need for identity verification solutions spiking in demand Explore More

    Blog

    Understanding eKYC | The Benefits, Processes & 2024 Forecast

    Governments worldwide require firms, such as financial institutions, to know who their customers ...

    Understanding eKYC | The Benefits, Processes & 2024 Forecast Explore More

    Blog

    Halloween and the Spooky Scams – How identity verification helps?

    Halloween is just around the corner and so do the scammers ready to exploit the opportunity. Whic...

    Halloween and the Spooky Scams – How identity verification helps? Explore More

    Blog, Online Marketplace

    7 Identity theft protection practices for Business and Recuriters

    Identity theft is now no more a cause of concern for the individual users only as corporations an...

    7 Identity theft protection practices for Business and Recuriters Explore More

    Blog, Fraud Prevention

    What is Loan Fraud and How to Detect it?

    Loan fraud simply means when someone uses your identity to illegally obtain a loan. The crime has...

    What is Loan Fraud and How to Detect it? Explore More

    Blog

    The Growing Risk of Wash Trading and Money Laundering – How Shufti Can Help

    The Non-Fungible Token (NFTs) market exploded last year and became one of the most popular buzzwo...

    The Growing Risk of Wash Trading and Money Laundering – How Shufti Can Help Explore More

    Blog

    Navigating the Changing Digital Finance Landscape 2023

    The financial services sector has witnessed a rapid surge in the adoption of digital technologies...

    Navigating the Changing Digital Finance Landscape 2023 Explore More

    Blog

    January 2023 Recap: Major Events Worldwide and How AML Verification Solution Can Help

    Noncompliance with Know your Customer and Anti Money Laundering (KYC) regulations continue to pla...

    January 2023 Recap: Major Events Worldwide and How AML Verification Solution Can Help Explore More

    Blog

    The Top 6 Holiday Season Scams to Avoid in 2023

    As we move further into digitisation, our methods of giving gifts have changed drastically. In to...

    The Top 6 Holiday Season Scams to Avoid in 2023 Explore More

    Blog

    The ‘What’, ‘How’ and ‘Why’ of Sanctions Screening | A Basic Guide

    International collaboration and cross-border transactions have become the norm in our interconnec...

    The ‘What’, ‘How’ and ‘Why’ of Sanctions Screening | A Basic Guide Explore More

    Blog

    A Comprehensive Guide to KYC and AML Regulations in the UK

    The increasing number of financial crimes in the UK calls for stringent measures to safeguard the...

    A Comprehensive Guide to KYC and AML Regulations in the UK Explore More

    Blog

    How can AML play a role to impede the financing of terrorism?

    Money Laundering and Terrorism Financing are global issues and there is no dispute regarding it. ...

    How can AML play a role to impede the financing of terrorism? Explore More

    Blog

    Know Your Investor | Sophisticated Investor Verification in Real-Time

    In today’s data-driven digital world, organized crime groups and fraudsters have developed more s...

    Know Your Investor |  Sophisticated Investor Verification in Real-Time Explore More

    Blog

    Difference between KYC and AML

    The growing Fintech industry leads to an increased demand for KYC and AML compliance requirements...

    Difference between KYC and AML Explore More

    Blog

    The Mesh of Human Behavior and Technology: CX Expert Saroni Kundu on Building Customer-Centric Businesses

    No matter the industry, customer experience (CX) is key to building trust and loyalty. If you’re ...

    The Mesh of Human Behavior and Technology: CX Expert Saroni Kundu on Building Customer-Centric Businesses Explore More

    Blog

    KYC Verification – Defeating Anonymity on Social Media Platforms

    In the introductory phase, social media platforms were merely a small part of the internet where ...

    KYC Verification – Defeating Anonymity on Social Media Platforms Explore More

    Blog

    Enhance Time Efficiency with Shufti’s KYC Solution

    The Past Quick and secure e-KYC verification might not have been of importance in the days prior ...

    Enhance Time Efficiency with Shufti’s KYC Solution Explore More

    Blog

    Record-Breaking Fines on Banks for KYC/AML Non-Compliance

    Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance have been structured to make ...

    Record-Breaking Fines on Banks for KYC/AML Non-Compliance Explore More

    Blog

    COVID Certificate Verification – Mounting Cases of Worldwide COVID-19 Fraud

    Where the coronavirus pandemic has been all about social safety protocols and vaccine distributio...

    COVID Certificate Verification – Mounting Cases of Worldwide COVID-19 Fraud Explore More

    Blog

    Identity Proofing – 7 Reasons Why Businesses Need it Now!

    Modern-day cyberspace has effortlessly diminished the boundary between the real-life and digital ...

    Identity Proofing – 7 Reasons Why Businesses Need it Now! Explore More

    Blog, Identity & KYC

    KYC/AML Compliance in light of FinTRAC

    Witnessing the updated AML/CTF regime; the guidelines by FinTRAC regarding ID verification have b...

    KYC/AML Compliance in light of FinTRAC 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, Identity & KYC

    Know Your Patient: Anti-Fraud Pill for Healthcare Industry

    Know Your Patient: The healthcare industry is more prone to data breaches than any other industry...

    Know Your Patient: Anti-Fraud Pill for Healthcare Industry Explore More

    Blog

    eKYC: Transforming ID Verification for Enhanced Security and A Seamless Customer Experience

    Governments have mandated various businesses, including financial institutions, to thoroughly und...

    eKYC: Transforming ID Verification for Enhanced Security and A Seamless Customer Experience Explore More

    Blog

    What is KYC and Why is it Important for Crypto Exchanges?

     Cryptocurrencies are causing significant disruptions in the financial world. Cryptograp...

    What is KYC and Why is it Important for Crypto Exchanges? Explore More

    Blog, Identity & KYC

    How Real ID Act enables Digital KYC Services for US Customers?

    Digital KYC Services for US based customers are in debt of Real ID Act as it streamlined the proc...

    How Real ID Act enables Digital KYC Services for US Customers? Explore More

    Blog

    What is an OCR Screening and How Does it Work?

    In our digital environment, where automated technology has already taken over corporate processes...

    What is an OCR Screening and How Does it Work? Explore More

    Blog

    Identity Verification – Building Trust and Combating Scams in Online Dating

    Since the beginning of civilization, humans have always preferred to live in communities. This co...

    Identity Verification – Building Trust and Combating Scams in Online Dating Explore More

    Blog

    The State of Fraud Detection & Prevention in 2024 | Ready, Set, Fraud

    Since the dawn of the internet in the 90s, we’ve witnessed multiple phases of digital revolution....

    The State of Fraud Detection & Prevention in 2024 | Ready, Set, Fraud Explore More

    Blog

    Crypto Regulations 2021 – What Digital Currency Providers Need to do

    Cryptocurrency has been a hot topic ever since its advent in 2009. The ability to draw investor a...

    Crypto Regulations 2021 – What Digital Currency Providers Need to do 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

    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

    Intelligent Security Systems & Digital ID Verification

    Most technology solutions present a compromise between convenience and security to their users. I...

    Intelligent Security Systems & Digital ID Verification 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

    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

    Secure the Fintech Future with RegTech

    Financial Technology (Fintech) refers to the use of technological advancements in the financial i...

    Secure the Fintech Future with RegTech 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

    Blog

    KYC alternatives disrupting traditional KYC methods

    Technology is building bridges between businesses and consumers across the barriers of distance a...

    KYC alternatives disrupting traditional KYC methods 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