Blog, Online Marketplace
Fraud Prevention in Real Estate Industry
Fraud prevention tools that include3rd-party KYC service providers are essential in the real esta...
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Blog
Anti-Money Laundering (AML) Solution- Eradicating Money laundering and Securing Ride-Hailing Services
Due to the coronavirus global pandemic, the ride-hailing sector continue to grapple. As per new e...
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Anti Money Laundering, Blog, Business Technology, Financial Crime / AML, Identity & KYC
AML Compliance in EU Member States and Risks of Businesses
Making regulations is just the first step, the true game starts when it comes to implementation, ...
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Blog
ID Verification for High-Potential Digital Fraud Cases
Instances of digital frauds and payment scams are highly damaging for banks and financial institu...
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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...
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Blog
AML Compliance and Digital Banks – Understanding the Evolving Regulatory Landscape
The emergence of new technologies in FinTech, increasing use of digital currencies, and alternati...
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Blog, Identity & KYC
4 Know Your Customer (KYC) Strategies to adopt in 2019
Digital fraud haunted the cyberspace in 2018 with the majority of online frauds originating from ...
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Blog, Online Marketplace
New Rules by the UK Gambling Commission and Their Impact
The UK Gambling Commission announced new gambling rules earlier this year to make gambling safer ...
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Blog
The Top 10 Advantages of OCR for Business Owners
In our current data-driven and digital world, many organisations struggle with vast quantities of...
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Blog
Elevating Payment Security: The Crucial Role of Biometric Authentication
There has been a considerable rise in digital payment methods in recent years. People now prefer ...
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Blog
Transaction Monitoring: Going Beyond AML Screening
Whether you are an accountant in Wall Street or a developer for Google, money laundering will not...
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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...
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Russian Sanctions Evasion – Is the Art Industry the Next Target for Money Laundering?
As regulatory authorities are seizing the yachts and real estate belonging to Russian oligarchs, ...
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KYC/AML Compliance for Startups in the Financial Sector – How Shufti Can Help
As technology continues to transform the financial industry, the need for identity verification h...
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Acquiring a Security Foothold in Hybrid Workspaces with Facial Recognition
In 2020, companies experimented with different ways of working as the result of lockdown and Covi...
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Blog
KYC Verification Process – 3 Steps to Know Your Customer Compliance
Did you know there are three key components to KYC?
The entire identity verification procedure en...
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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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Blog
Understanding False Positives in AML Transaction Monitoring
Financial institutions such as banks, neo-banks, insurance companies, investment companies, finte...
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Blog
Securing FinTech Startups using Shufti’s AML/KYC Solution
Financial technology commonly known as FinTech is rapidly growing across the globe with a lot of ...
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Blog
Understanding and Implementing Age Verification Requirements in Accordance with the FDA Deeming Rule
Youth is considered the most valuable asset for any country, and it is the government’s responsib...
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Blog
Understanding the Difference Between Money Laundering and Embezzlement
Money laundering and embezzlement are two financial offences involving the movement of significan...
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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...
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Blog
KJM Age Restrictions Breaking New Grounds for Gaming Industry
Minor protection has become a challenge for everyone these days. Parents are worried about the ty...
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Blog
4 Reasons why KYB is Inevitable for your Business
When it comes to corporate collaborations, Know Your Business (KYB) is the ultimate source of sec...
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Blog, Financial Crime / AML, Fraud Prevention, Identity & KYC
Facial Recognition: Worries About the Use of Synthetic Media
In 2019, 4.4 billion internet users were connected to the internet worldwide, a rise of 9% from l...
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Blog
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
4 WAYS AI is Shaping KYC and AML Compliance for Businesses
The role of Artificial Intelligence (AI) is rapidly increasing in businesses and the emergence of...
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Blog
AML Compliance in the Insurance Sector – Red Flags to Look Out For
The insurance sector commonly faces criminal activities like money laundering and terrorist finan...
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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
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
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
ID verification prevents 8 Security Issues of businesses
The biggest concern for businesses, in terms of safety, nowadays is online or cybersecurit...
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Blog
Risk Assessment – Building Trust in Financial Institutions
For financial institutions to hold onto their customers, they must build and conserve advanced le...
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Blog
NFC Verification for Seamless Customer Onboarding
As more than 80% of today’s smartphones have NFC technology, different industries are working tow...
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Blog
CCPA: A Real Roller Coaster for Business Entities
One huge change in 2020 is the new data privacy law called the California Consumer Privacy Act or...
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Blog
FATF October 2019 Plenary – Here is What You Need to Know
Financial Action Task Force (FATF) President Xiangmin Liu, chaired the first meeting from 16-18 O...
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Blog
How Effective is Transaction Monitoring in Fighting Financial Crime?
As per the United Nation’s calculations, nearly $2 trillion is laundered annually worldwide, adve...
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Blog
Eradicating Financial Crimes in Online Gambling using NFC Verification
Emerging technologies have altogether revolutionized the online gambling industry and instead of ...
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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...
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Blog
Combating Money Muling Activities With Shufti’s AML Screening Services
The coronavirus pandemic has brought about unusual changes in industries and lifestyles across th...
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Blog
Fraud Prevention – Challenges, Strategies, Best Practices, and Technologies
The twenty-first century is by far the most revolutionary time in the history of humans in terms ...
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Blog
Enhanced Due Diligence Vs. Customer Due Diligence – The Practical Approach to Counter Cybercriminals
The nature of digital operations is changing, and users are now preferring to use remote services...
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Blog, Online Marketplace
What do NGOs have to gain from Identity Verification Services?
Identity Verification services are quickly becoming the cornerstone of NGO-related activities acr...
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Blog
Expanding and Securing Financial Services with Shufti’s Video KYC Solution
In recent years, Know Your Customer (KYC) has gone through significant digital transformations. B...
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Blog
10 factors shaping the identity verification industry in 2020
The identity verification industry is expected to grow steadily during the forecast period, reach...
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Blog, Fraud Prevention
4 Fraud Prevention Tips For Your E-commerce Business this Holiday Season
With the holiday shopping season in full swing, e-commerce fraud risk is a glaring reality that n...
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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...
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Blog, Online Marketplace
ID Verification Ensuring Safety Deals in Real Estate Sector
Buying and selling properties for people are major, thought-provoking decisions. It requires week...
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Blog
EU’s AMLD5: What does it mean and how will it impact the AML regulation regimes?
From the Panama papers, Paradise leaks and Danske Bank case to the most recent revelations about ...
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Blog
Addressing AML Compliance Challenges with a Risk-based Approach (2023)
Regardless of how big or small a company is, the after-effects of Covid-19 and the global financi...
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Blog
Securing Transactions and Operations with Biometric Consent Verification in Digital Banking
In the modern digital world, secure business operations are crucial. The focus on maintaining se...
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Blog
FBO Accounts and Fintech – Securing Financial Operation with ID Verification
With global digitization, online financial services are becoming mainstream. Due to this, maintai...
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Blog
DoorDash Falls in the pit of Data Breach – Affects 4.9 Million Users
Security breaches are increasing in number with every passing day. This keeps on happening. It wo...
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Blog
Anti-Money Laundering (AML) Solutions – Ensuring Responsible Gambling and Data Protection
Like other industries, the gambling industry is also becoming a prime target of criminals. Howeve...
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Blog
Kaseya Ransomware Attack – How to Protect Your Organization from Cyber Risks
Did you know that by 2021, a ransomware attack is projected to occur every 11 seconds, costing co...
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Blog
Know Your Donor (KYD) for NPOs – Red Flags that Charities Need to Consider
Like every other sector, non-profit organizations and charities are also vulnerable to financial ...
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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...
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Blog
KYC and AML: The Key to Secure BNPL Services in 2023
Seems like Buy Now Pay Later (BNPL) services have taken the world by storm, with 360 million user...
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Blog, Identity & KYC
What are the Different Types and Solutions of ID Verification?
Customer identification is not an option for some businesses, it’s a must. Ignoring due diligence...
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Blog
Top KYC Compliance Laws to Follow in 2023
The rising number of scams has put a dent in the financial sector’s reputation.
More than t...
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Blog
Blockchain and cryptocurrency security Guide
Online bitcoin business might have experienced a slump in recent months but still, it remains to ...
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Blog
A Brief Insight into Safe Havens for Russian Oligarchs
The recent Russia-Ukraine conflict has sparked the West to impose sanctions targeting the Russian...
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Blog
Ensuring Compliance and Securing Business Reputation – How Shufti Can Help
In the highly digitized world, businesses are partnering with each other to serve mutual interest...
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Blog
ID verification prevents 8 Security Issues of businesses
The biggest concern for businesses, in terms of safety, nowadays is online or cybersecurit...
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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
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, Financial Crime / AML
Impact of Regulatory Scrutiny & AML Compliance in Real Estate
Anti Money Laundering (AML): Criminals around the globe are targeting real estate to launder the ...
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Blog
Healthcare is Under Attack: Strengthening Security with Biometric Verification
Healthcare scams cost our economy tens of billions of dollars every year and the lowest value of ...
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Blog
Stablecoin Market and the Role of AML in Safeguarding Digital Finance
With the rapid expansion of the cryptocurrency market, stablecoins have swiftly emerged as a popu...
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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, Online Marketplace
Benefits of KYC services for Money Services Operators
Money service operators are at the forefront of international financial system as they help with ...
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Blog
Know Your Investor | Understanding Which Investors to Onboard
Investor onboarding is regarded as one of the most critical stages of the business’s lifecy...
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