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

    +1
    • Saudi Arabia (‫المملكة العربية السعودية‬‎)+966
    • United Arab Emirates (‫الإمارات العربية المتحدة‬‎)+971
    • Qatar (‫قطر‬‎)+974
    • Oman (‫عُمان‬‎)+968
    • Bahrain (‫البحرين‬‎)+973
    • Kuwait (‫الكويت‬‎)+965
    • Morocco (‫المغرب‬‎)+212
    • Afghanistan (‫افغانستان‬‎)+93
    • Albania (Shqipëri)+355
    • Algeria (‫الجزائر‬‎)+213
    • American Samoa+1684
    • Andorra+376
    • Angola+244
    • Anguilla+1264
    • Antigua and Barbuda+1268
    • Argentina+54
    • Armenia (Հայաստան)+374
    • Aruba+297
    • Australia+61
    • Austria (Österreich)+43
    • Azerbaijan (Azərbaycan)+994
    • Bahamas+1242
    • Bahrain (‫البحرين‬‎)+973
    • Bangladesh (বাংলাদেশ)+880
    • Barbados+1246
    • Belarus (Беларусь)+375
    • Belgium (België)+32
    • Belize+501
    • Benin (Bénin)+229
    • Bermuda+1441
    • Bhutan (འབྲུག)+975
    • Bolivia+591
    • Bosnia and Herzegovina (Босна и Херцеговина)+387
    • Botswana+267
    • Brazil (Brasil)+55
    • British Indian Ocean Territory+246
    • British Virgin Islands+1284
    • Brunei+673
    • Bulgaria (България)+359
    • Burkina Faso+226
    • Burundi (Uburundi)+257
    • Cambodia (កម្ពុជា)+855
    • Cameroon (Cameroun)+237
    • Canada+1
    • Cape Verde (Kabu Verdi)+238
    • Caribbean Netherlands+599
    • Cayman Islands+1345
    • Central African Republic (République centrafricaine)+236
    • Chad (Tchad)+235
    • Chile+56
    • China (中国)+86
    • Christmas Island+61
    • Cocos (Keeling) Islands+61
    • Colombia+57
    • Comoros (‫جزر القمر‬‎)+269
    • Congo (DRC) (Jamhuri ya Kidemokrasia ya Kongo)+243
    • Congo (Republic) (Congo-Brazzaville)+242
    • Cook Islands+682
    • Costa Rica+506
    • Côte d’Ivoire+225
    • Croatia (Hrvatska)+385
    • Cuba+53
    • Curaçao+599
    • Cyprus (Κύπρος)+357
    • Czech Republic (Česká republika)+420
    • Denmark (Danmark)+45
    • Djibouti+253
    • Dominica+1767
    • Dominican Republic (República Dominicana)+1
    • Ecuador+593
    • Egypt (‫مصر‬‎)+20
    • El Salvador+503
    • Equatorial Guinea (Guinea Ecuatorial)+240
    • Eritrea+291
    • Estonia (Eesti)+372
    • Ethiopia+251
    • Falkland Islands (Islas Malvinas)+500
    • Faroe Islands (Føroyar)+298
    • Fiji+679
    • Finland (Suomi)+358
    • France+33
    • French Guiana (Guyane française)+594
    • French Polynesia (Polynésie française)+689
    • Gabon+241
    • Gambia+220
    • Georgia (საქართველო)+995
    • Germany (Deutschland)+49
    • Ghana (Gaana)+233
    • Gibraltar+350
    • Greece (Ελλάδα)+30
    • Greenland (Kalaallit Nunaat)+299
    • Grenada+1473
    • Guadeloupe+590
    • Guam+1671
    • Guatemala+502
    • Guernsey+44
    • Guinea (Guinée)+224
    • Guinea-Bissau (Guiné Bissau)+245
    • Guyana+592
    • Haiti+509
    • Honduras+504
    • Hong Kong (香港)+852
    • Hungary (Magyarország)+36
    • Iceland (Ísland)+354
    • India (भारत)+91
    • Indonesia+62
    • Iran (‫ایران‬‎)+98
    • Iraq (‫العراق‬‎)+964
    • Ireland+353
    • Isle of Man+44
    • Israel (‫ישראל‬‎)+972
    • Italy (Italia)+39
    • Jamaica+1876
    • Japan (日本)+81
    • Jersey+44
    • Jordan (‫الأردن‬‎)+962
    • Kazakhstan (Казахстан)+7
    • Kenya+254
    • Kiribati+686
    • Kosovo+383
    • Kuwait (‫الكويت‬‎)+965
    • Kyrgyzstan (Кыргызстан)+996
    • Laos (ລາວ)+856
    • Latvia (Latvija)+371
    • Lebanon (‫لبنان‬‎)+961
    • Lesotho+266
    • Liberia+231
    • Libya (‫ليبيا‬‎)+218
    • Liechtenstein+423
    • Lithuania (Lietuva)+370
    • Luxembourg+352
    • Macau (澳門)+853
    • Macedonia (FYROM) (Македонија)+389
    • Madagascar (Madagasikara)+261
    • Malawi+265
    • Malaysia+60
    • Maldives+960
    • Mali+223
    • Malta+356
    • Marshall Islands+692
    • Martinique+596
    • Mauritania (‫موريتانيا‬‎)+222
    • Mauritius (Moris)+230
    • Mayotte+262
    • Mexico (México)+52
    • Micronesia+691
    • Moldova (Republica Moldova)+373
    • Monaco+377
    • Mongolia (Монгол)+976
    • Montenegro (Crna Gora)+382
    • Montserrat+1664
    • Morocco (‫المغرب‬‎)+212
    • Mozambique (Moçambique)+258
    • Myanmar (Burma) (မြန်မာ)+95
    • Namibia (Namibië)+264
    • Nauru+674
    • Nepal (नेपाल)+977
    • Netherlands (Nederland)+31
    • New Caledonia (Nouvelle-Calédonie)+687
    • New Zealand+64
    • Nicaragua+505
    • Niger (Nijar)+227
    • Nigeria+234
    • Niue+683
    • Norfolk Island+672
    • North Korea (조선 민주주의 인민 공화국)+850
    • Northern Mariana Islands+1670
    • Norway (Norge)+47
    • Oman (‫عُمان‬‎)+968
    • Pakistan (‫پاکستان‬‎)+92
    • Palau+680
    • Palestine (‫فلسطين‬‎)+970
    • Panama (Panamá)+507
    • Papua New Guinea+675
    • Paraguay+595
    • Peru (Perú)+51
    • Philippines+63
    • Poland (Polska)+48
    • Portugal+351
    • Puerto Rico+1
    • Qatar (‫قطر‬‎)+974
    • Réunion (La Réunion)+262
    • Romania (România)+40
    • Russia (Россия)+7
    • Rwanda+250
    • Saint Barthélemy (Saint-Barthélemy)+590
    • Saint Helena+290
    • Saint Kitts and Nevis+1869
    • Saint Lucia+1758
    • Saint Martin (Saint-Martin (partie française))+590
    • Saint Pierre and Miquelon (Saint-Pierre-et-Miquelon)+508
    • Saint Vincent and the Grenadines+1784
    • Samoa+685
    • San Marino+378
    • São Tomé and Príncipe (São Tomé e Príncipe)+239
    • Saudi Arabia (‫المملكة العربية السعودية‬‎)+966
    • Senegal (Sénégal)+221
    • Serbia (Србија)+381
    • Seychelles+248
    • Sierra Leone+232
    • Singapore+65
    • Sint Maarten+1721
    • Slovakia (Slovensko)+421
    • Slovenia (Slovenija)+386
    • Solomon Islands+677
    • Somalia (Soomaaliya)+252
    • South Africa+27
    • South Korea (대한민국)+82
    • South Sudan (‫جنوب السودان‬‎)+211
    • Spain (España)+34
    • Sri Lanka (ශ්‍රී ලංකාව)+94
    • Sudan (‫السودان‬‎)+249
    • Suriname+597
    • Svalbard and Jan Mayen+47
    • Swaziland+268
    • Sweden (Sverige)+46
    • Switzerland (Schweiz)+41
    • Syria (‫سوريا‬‎)+963
    • Taiwan (台灣)+886
    • Tajikistan+992
    • Tanzania+255
    • Thailand (ไทย)+66
    • Timor-Leste+670
    • Togo+228
    • Tokelau+690
    • Tonga+676
    • Trinidad and Tobago+1868
    • Tunisia (‫تونس‬‎)+216
    • Turkey (Türkiye)+90
    • Turkmenistan+993
    • Turks and Caicos Islands+1649
    • Tuvalu+688
    • U.S. Virgin Islands+1340
    • Uganda+256
    • Ukraine (Україна)+380
    • United Arab Emirates (‫الإمارات العربية المتحدة‬‎)+971
    • United Kingdom+44
    • United States+1
    • Uruguay+598
    • Uzbekistan (Oʻzbekiston)+998
    • Vanuatu+678
    • Vatican City (Città del Vaticano)+39
    • Venezuela+58
    • Vietnam (Việt Nam)+84
    • Wallis and Futuna+681
    • Western Sahara (‫الصحراء الغربية‬‎)+212
    • Yemen (‫اليمن‬‎)+967
    • Zambia+260
    • Zimbabwe+263
    • Åland Islands+358
    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

    Top 5 Ways to Improve Transaction Monitoring in Fintech

    b-img-aml-monitoring

    Fintech is a fast-growing sector that combines finance and technology to assist businesses and customers in managing payments, funds, and more. It is estimated that fintech revenue will be worth  €188 billion globally by 2024. This makes transaction monitoring a key issue in fintech. 

    Although this growth is good news for novices to the market, setting up a fintech company is not the same as starting a business in other sectors. The fintech industry is heavily regulated, and those entering the sector must abide by regulations to avoid heavy fines. 

    Another area the sector finds challenging is Anti Money Laundering (AML). Here regulations mandate fintech to conduct comprehensive monitoring of clients’ transactions.

    A Bit about Transaction Monitoring in Fintech

    Transaction monitoring, the phrase says it all, is the tracking of customers’ transactions. This includes purchases, deposits, transfers, and withdrawals and is usually linked to analysing clients’ historical information to give a complete picture of customers’ activity. 

    Transaction monitoring helps fintech and other firms predict clients’ future activity and manage risk. It facilitates businesses in curbing fraud, money laundering, terrorism financing, and different types of financial crimes.   

    In this connected world,  transaction tracking and assessment are crucial to satisfy AML and Countering Terrorism Financing (CTF) regulations in addition to other obligatory requirements.

    b-info-monitoring

    How Does Transaction Monitoring Work in Fintech?

    Although the most powerful strategy to track customer transactions in fintech is delegating the task to the workforce to stop and check every transaction manually, it needs more efficiency. Reviewing each transaction before getting it processed is an impractical concept, fails to scale, and needs to be more workable. 

    Instead, many fintech sectors will pick an automated AML solution that monitors transactions in real-time and flags any suspicious transactions to be reviewed manually. Taking advantage of automation enables fintech to reduce human error and allot more human capital to review and investigate suspicious behaviour.

    When appropriately deployed, a transaction monitoring system detects criminal activity on a broader scale, including bribery, corruption, identity theft, money laundering, and terrorism financing. After detecting the illegal activity, an automated transaction monitoring process issues an alert and the compliance team then does the follow-up assessment. 

    Transaction Monitoring Thresholds

    Being a financial form, there are many local and international regulations to comply with. FINRA has also published its latest report on the investigation and risk monitoring program.  

    FATF has set some standards linked to AML and CTF processes. It recognises the below-mentioned factors as determinants of AML/CTF controls:

    1. How diverse are the operations being conducted in the financial sector? 
    2. What is the scale, nature, and complexity of the firm?
    3. To what degree does the fintech sector deal with intermediaries, third parties, and ‘non-face-to-face’ access? 
    4. What is the distribution channel that the industry is using?
    5. What is the size and volume of transactions taking place?
    6. What is the extent of risk linked to each area of the fintech industry?
    7. What is the financial sector’s product, activity, and client profile? 

    Best Practices of AML Transaction Monitoring

    All the sectors can pick a KYT verification solution that meets business demands in order to monitor customers’ transactions. Choosing a manual transaction process is an outdated approach these days. Only those businesses can stay ahead of their competitors who use an automated KYT solution that tracks any fraudulent activity in real time.

    Tips to Enhance Transaction Monitoring in Fintech

    Getting to grips with an AML transaction monitoring system is something the fintech sector is looking to tackle criminal activity. It is because any customer who has ties with Politically Exposed Persons (PEPs) or those on global watchlists could face hefty penalties.  

    To provide customers with the best user experience and stay ahead of competitors, making transaction monitoring a frictionless process is crucial. Here’s how companies can hit the ground running with their updated transaction screening solution

    1. Understand Customer Risk Factors

    Customers carry different risk levels influenced by several historical and current factors like location and industry. Thus, it is crucial to understand the clients’ risk factors if they want to mitigate financial crime. 

    2. Create Rules for Each Risk

    The fintech sector needs to enact rules for every risk category, be it low, medium, or high, to avoid financial crimes and prevent non-compliance fines. The tip is to create rules that must be dynamic and customisable.  

    3. Set Up Alerts

    Whenever any AML rule is violated, an alert should be issued. The reason is to notify human alerts that some suspicious activity just happened and that they should gear up for stringent security measures.

    4. Notify Compliance Teams

    As soon as the alert is triggered, no transaction would be allowed to continue until or unless properly and thoroughly investigated by the risk or compliance team. 

    5. Create a SAR

    In case, any suspicious activity is detected, generating a Suspicious Activity Report (SAR) is crucial. The transaction into the probe should be reported to the Financial Intelligence  Unit (FIU). This is a cumbersome process but can be made seamless with an automated Know Your Transaction (KYT) solution. 

    How Shufti Fits in the Puzzle

    Although it is tempting to handle the KYT verification manually, the value of a sophisticated AML solution can’t be overlooked. Moreover, the changing regulatory landscape and complex nature of financial crime make AML transaction monitoring a complex element of compliance. 

    A globally trusted AML transaction monitoring solution offered by Shufti is the go-to option for the fintech sector to comply with AML regulations. Screening against 1700+ global watchlists and available in 230+ countries and territories, Shufti’s transaction solution is a great bet to make the premises safe and sound.

    Do you need clarification on choosing the best AML solution for your business?

    Talk to an AML expert

    Disclaimer: The views and opinions expressed on this webpage or weblink are those of the author only, and are not necessarily the views or opinions of Shufti Limited. The material and information on this weblink is solely for general information purposes. You should not rely upon the material or information on the website as a basis for making any business or legal decision.

    While we endeavor to keep the information up-to-date and/or correct, we make no representations or warranties of any kind, express or implied, or for any purpose about the completeness, accuracy, reliability, suitability, or availability of the contents or information herein. Any reliance on its content is thus entirely at your own risk.

    For the avoidance of doubt, Shufti Limited will not be liable for any false, inaccurate, inappropriate, or incomplete information presented herein, and all liabilities with respect to actions taken, or not taken, based on the contents or information herein, or for any loss sustained by you as a consequence are hereby expressly disclaimed by us.

    Related Posts

    Blog

    Identity Verification – Safeguarding Pharmaceutical and Controlled Substance Sales

    With emerging technologies, the pharmaceutical industry has transformed significantly, and rapid ...

    Identity Verification – Safeguarding Pharmaceutical and Controlled Substance Sales Explore More

    Blog

    Enhanced Due Diligence – How to Identify and Deal with High-Risk Customers

    Business relationships always come with associated risks that require carefully implemented measu...

    Enhanced Due Diligence – How to Identify and Deal with High-Risk Customers Explore More

    Blog

    7 Things Businesses Should Know About Online Face Recognition Solutions

    One might be good at identifying faces. People find it a cinch to recognise a friend’s or f...

    7 Things Businesses Should Know About Online Face Recognition Solutions Explore More

    Blog

    Brexit to Change Sanction and Money Laundering Regulations in 2021

    In 2016, the United Kingdom decided to part ways with the European Union (EU). After its preparat...

    Brexit to Change Sanction and Money Laundering Regulations in 2021 Explore More

    Blog

    AML Screening for Online Gambling Platforms – Placing the Bets on Regulatory Compliance

    With technology evolving every day, online gambling is one of the sectors that has revolutionized...

    AML Screening for Online Gambling Platforms – Placing the Bets on Regulatory Compliance Explore More

    Blog

    Enhanced Due Diligence: Identifying High-Risk Customers in the Banking Sector

    The digitisation of our world and economies have introduced greater ease and efficiency to our pr...

    Enhanced Due Diligence: Identifying High-Risk Customers in the Banking Sector 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

    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 Verification and Prevailing Crimes – How Shufti’s Proof of Verification Services Can Help

    With growing digitization, emerging technologies, and increased use of online transactions, a hug...

    Identity Verification and Prevailing Crimes – How Shufti’s Proof of Verification Services Can Help Explore More

    Blog

    Verify Like a Local: Identity in Nigeria

    Verify Like a Local: Identity in Nigeria Explore More

    Blog

    Establishing trust in Open Banking through Identity Verification

    Over the last few years, open banking is becoming an emanated global trend. This rising trend is ...

    Establishing trust in Open Banking through Identity Verification Explore More

    Blog

    KYC | Complete Guide to KYC Compliance & KYC Regulations 2021

    Introduction to KYC or Know your customer Know your customer or KYC history dates back to 2001 in...

    KYC | Complete Guide to KYC Compliance & KYC Regulations 2021 Explore More

    Blog

    How Artificial Intelligence is taking ID verification to the next level?

    Identity theft is deemed as a growing problem. Particularly with the increase in online shopping,...

    How Artificial Intelligence is taking ID verification to the next level? Explore More

    Blog

    Digital Wallet Fraud | How AML Screening Solution Can Help

    Digital wallets are becoming everyone’s go-to transaction method and the total number of e-wallet...

    Digital Wallet Fraud | How AML Screening Solution Can Help Explore More

    Blog

    The Importance of Online Address Verification in E-Commerce

    The rise of digitisation has given hackers more means to surpass security systems and conduct hig...

    The Importance of Online Address Verification in E-Commerce Explore More

    Blog

    The Crucial Role of Ongoing Monitoring in Risk Mitigation

    The nature of a business-to-clientele relationship subjects organisations to significant risks. F...

    The Crucial Role of Ongoing Monitoring in Risk Mitigation 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

    A Comprehensive Guide to Choosing a Perfect e-KYC Solution for Businesses

    Most of our processes, including financial and business dealings, have now shifted to online plat...

    A Comprehensive Guide to Choosing a Perfect e-KYC Solution for Businesses Explore More

    Blog

    The Advantages of Know Your Business (KYB)

    Know Your Business (KYB) policies are a recent innovation in the field of fraud prevention. Since...

    The Advantages of Know Your Business (KYB) Explore More

    Blog

    China’s New Data Security and Personal Information Protection Laws [2022 Update]

    For the purpose of identification, interdiction, and prevention, many governments, regulators, an...

    China’s New Data Security and Personal Information Protection Laws [2022 Update] Explore More

    Blog

    7 Trends in Identity Verification Solutions to look for in 2020

    Internet is an anonymous space where people can hide their identities and come up with bizarre ps...

    7 Trends in Identity Verification Solutions to look for in 2020 Explore More

    Blog, Online Marketplace

    Fraud Protection services for Online Retail Businesses

    Online Marketplace faces Chargeback issues Fraud Protection Services are an integral part of reta...

    Fraud Protection services for Online Retail Businesses Explore More

    Artificial Intelligence, Blog

    Knowledge Based Authentication a Thing of Past

    If you are wondering what is knowledge-based authentication or KBA, let me ask you a question, ‘w...

    Knowledge Based Authentication a Thing of Past 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

    Biometrics Bucking the Trend of KYP in Healthcare

    Over the last few years, biometric technology is deeply entrenched in various commercial marketpl...

    Biometrics Bucking the Trend of KYP in Healthcare Explore More

    Blog

    E-Signature Verification | Why Businesses Should Consider Adopting It

    Physical paperwork is a thing of the past now. It is a time and labour-intensive task that requir...

    E-Signature Verification | Why Businesses Should Consider Adopting It 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

    Safeguarding the Art Market with Shufti’s AML Screening Solution

    Non-fungible tokens (NFTs), blockchain-powered title deeds tied to a virtual or physical asset, h...

    Safeguarding the Art Market with Shufti’s AML Screening Solution Explore More

    Blog

    The Role of Digital Identity in Business-Customer Relationship

    Dealing with any business online have you ever wondered where this relationship would go? We all ...

    The Role of Digital Identity in Business-Customer Relationship Explore More

    Blog

    KYC and Blockchain – The Foundation of a Secure Crypto Landscape

    Blockchain technology has demonstrated fast-paced growth throughout the world and now faces the c...

    KYC and Blockchain – The Foundation of a Secure Crypto Landscape Explore More

    Blog

    Analyzing and Balancing the Variables of an Effective Identity Verification Solution

    Today’s constantly transforming digital landscape where technology empowers businesses fast-paced...

    Analyzing and Balancing the Variables of an Effective Identity Verification Solution Explore More

    Blog

    KYCC – Going an Extra Mile to Prevent Financial Crimes

    As cases of money laundering and terror financing are increasing globally, the concerns to overco...

    KYCC – Going an Extra Mile to Prevent Financial Crimes Explore More

    Blog

    E-KYC – The Next Step in the Evolution of KYC Verification

    As the world shifts to digital applications, financial operations are being automated for added c...

    E-KYC – The Next Step in the Evolution of KYC Verification Explore More

    Blog

    7 Fascinating Facts about Face Verification Technology

    Technology is a fundamental part of our day-to-day lives, from checking the weather and connectin...

    7 Fascinating Facts about Face Verification Technology Explore More

    Blog, Online Marketplace

    The Urgency for Know Your Customer’s Customer (KYCC) in Businesses

    It is not just the financial services sector that is required to comply with anti-money launderin...

    The Urgency for Know Your Customer’s Customer (KYCC) in Businesses Explore More

    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...

    Video KYC in 2024 | A Step Towards Digital Evolution Explore More

    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...

    The Crucial Role of Know Your Customer (KYC) in Gaming Explore More

    Blog

    10 Frequently Asked Questions about Real-time Document Verification

    As we’re propelled deeper into digital transformation, techniques employed by scammers are ...

    10 Frequently Asked Questions about Real-time Document Verification Explore More

    Blog

    Securing Digital Landscape with Electronic Identity Verification Services in 2023

    With a surge in identity document forgery, the likelihood of onboarding a criminal has grown subs...

    Securing Digital Landscape with Electronic Identity Verification Services in 2023 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, Identity & KYC

    Enhanced Due Diligence: Ensuring KYC and Regulatory Scrutiny

    Enhanced Due Diligence: The adoption of innovative solutions in businesses today, should not have...

    Enhanced Due Diligence: Ensuring KYC and Regulatory Scrutiny Explore More

    Blog

    40 Surprising Facts and Statistics About Money Laundering [2021 Update]

    Combatting money laundering is one of the top-tier challenges when it comes to the regulatory reg...

    40 Surprising Facts and Statistics About Money Laundering [2021 Update] Explore More

    Blog

    Evolving Regulations Shaping Digital Crypto Ecosystem – How Shufti Can Help

    Since the start of civilization, humans have used money in several different ways, and throughout...

    Evolving Regulations Shaping Digital Crypto Ecosystem – How Shufti Can Help Explore More

    Blog

    Impact of Beneficial Ownership Transparency on Real Estate Crimes

    The high price tags of real estate in the US open doors for corrupt politicians, kleptocrats, and...

    Impact of Beneficial Ownership Transparency on Real Estate Crimes Explore More

    Blog

    Know Your Patient – Curbing Healthcare Fraud through Identity Verification

    With global digitization and emerging technologies, the healthcare sector has adopted a variety o...

    Know Your Patient – Curbing Healthcare Fraud through Identity Verification 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

    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

    Ensuring KYC/AML Compliance In Cryptocurrency Firms – The Role of Shufti

    With emerging technologies in the financial industry, cryptocurrency is picking up the pace, and ...

    Ensuring KYC/AML Compliance In Cryptocurrency Firms – The Role of Shufti Explore More

    Blog

    Multi-Tier Security – Another Line of Defense Against Bank Account Scammers

    The banking sector has been witnessing a significant rise in criminal activities is a major conce...

    Multi-Tier Security – Another Line of Defense Against Bank Account Scammers Explore More

    Blog

    The Future of Identity Verification: Shufti CEO Shahid Hanif on Adaptability, Innovation, and Technology Leadership

    As fraud threats become increasingly sophisticated and regulatory landscapes evolve, businesses m...

    The Future of Identity Verification: Shufti CEO Shahid Hanif on Adaptability, Innovation, and Technology Leadership Explore More

    Blog

    Romance Scams: The Dark Side of ChatGPT and How to Stay Safe

    The voice one hears on the other end of a telephone call may not be an earthling, the person one ...

    Romance Scams: The Dark Side of ChatGPT and How to Stay Safe Explore More

    Blog

    4 Ways How Technology Can Simplify KYC and AML Workflow Management

    While the terms AML and KYC are used interchangeably, there is a huge difference between the two....

    4 Ways How Technology Can Simplify KYC and AML Workflow Management Explore More

    Blog, Identity & KYC

    How AML/KYC Direct Credible ICO Growth?

    What if I told you, early in the days of ICOs, startups operated with little to no top level regu...

    How AML/KYC Direct Credible ICO Growth? Explore More

    Blog

    How Global AML Regulations Safeguard Financial Processes from Money Laundering

    Growing a business in any part of the world requires effective AML compliance measures as a neces...

    How Global AML Regulations Safeguard Financial Processes from Money Laundering Explore More

    Blog

    Document Verification Services – The Secret Sauce to Keep Fraudsters Away

    Forging someone’s documents is something bad enough but selling them on the dark web is just rubb...

    Document Verification Services – The Secret Sauce  to Keep Fraudsters Away Explore More

    Blog

    China’s New Data Security and Personal Information Protection Laws [2022 Update]

    For the purpose of identification, interdiction, and prevention, many governments, regulators, an...

    China’s New Data Security and Personal Information Protection Laws [2022 Update] Explore More

    Blog, Fraud Prevention

    Fraud Prevention through Secure Payment Processes

    Here’s a question, why do people always say things like  “the good days”? The fact is a number of...

    Fraud Prevention through Secure Payment Processes Explore More

    Blog

    Replay Attacks – Another Rising Threat for Businesses in 2021

    As technology advances, more and more solutions are available for making lives convenient. Unfort...

    Replay Attacks – Another Rising Threat for Businesses in 2021 Explore More

    Blog

    AML Screening – Solution for Luxury Goods Market to Fight Financial Crimes

    Luxury goods and high-valued assets are frequently but not always found at the integration stage ...

    AML Screening – Solution for Luxury Goods Market to Fight Financial Crimes Explore More

    Blog

    Identity Verification: A Bulletproof Vest Against Sharing Economy Fraud

    Over the previous year, you might have observed how the world has become increasingly dependent o...

    Identity Verification: A Bulletproof Vest Against Sharing Economy Fraud Explore More

    Artificial Intelligence, Blog, Identity & KYC

    How Biometric Technology is Shaping Up for 2020

    The verification of individuals for security measures has become remarkably important for organiz...

    How Biometric Technology is Shaping Up for 2020 Explore More

    Blog, Business Technology, Fraud Prevention

    How Identity Theft Protection Can Increase Your Profit!

    Identity theft protection is something that is not only a concern for ordinary users anymore. Bus...

    How Identity Theft Protection Can Increase Your Profit! Explore More

    Blog

    Know Your Patient | Secure Patient Onboarding and Preventing Healthcare Fraud

    Technology advancement, automation, and digitisation have paved the way for unprecedented growth ...

    Know Your Patient | Secure Patient Onboarding and Preventing Healthcare Fraud Explore More

    Blog

    How to Design an Effective Client Lifecycle Management (CLM) System with ID Verification

    The customer journey with a business is very comprehensive. It does not end once the customer is ...

    How to Design an Effective Client Lifecycle Management (CLM) System with ID Verification Explore More

    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...

    AMLD5 Amendments in Prepaid Cards Transaction Threshold Explore More

    Blog

    Eradicating Financial Crimes in Online Gambling using NFC Verification

    Emerging technologies have altogether revolutionized the online gambling industry and instead of ...

    Eradicating Financial Crimes in Online Gambling using NFC Verification Explore More

    Blog

    Secure Ride-Hailing Services – Building Trust Through NFC Verification

    Despite the fact that modern ridesharing has only been operating for approximately a decade, it h...

    Secure Ride-Hailing Services – Building Trust Through NFC Verification Explore More

    Blog

    Age Verification Solution – Restricting Minors from Becoming Mules

    From playing online video games to betting on horses, the digital gaming and gambling industry is...

    Age Verification Solution – Restricting Minors from Becoming Mules Explore More

    Anti Money Laundering, Blog, Business Technology, Identity & KYC

    Customer Due Diligence: From KYC to KYB

    Why CDD is significant for both Know Your Customer and Know your Business verification? Banking i...

    Customer Due Diligence: From KYC to KYB 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

    Gambling Compliance or Data Protection? The Puzzle is Solved!

    The evolving regulations for the gambling industry are likely to increase compliance challenges i...

    Gambling Compliance or Data Protection? The Puzzle is Solved! Explore More

    Blog

    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...

    AUSTRAC’s ML/TF Risk Assessment Report on Foreign Bank Branches [Part 3] 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