Blog, Identity & KYC
Why You Need To Know Your Buyer
Online payments are fast replacing cash transactions with the top payment companies harboring 1bi...
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AML/CFT Compliance – Why Australia is a Safe Haven for Money Laundering
Recent inquiries and cases against major Australian casinos have raised questions about the measu...
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Securing The Digital Landscape with Electronic Identity Verification Services
With a surge in identity document forgery, the likelihood of onboarding a criminal has grown subs...
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How to Create a Wow! Fraud Prevention System with Shufti
The ever increasing threat of identity fraud skyrocketed when the coronavirus pandemic struck the...
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Intelligent Character Recognition (ICR) Software – One step ahead of OCR
What is ICR?
Intelligent Character Recognition (ICR) is an extended technology of Optical...
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OCR Vs. ICR: The Key Differences that Businesses Need to Know
Financial institutions need to have reliable and efficient data management. With such a system, t...
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Blog, Identity & KYC
Biometric Identification is On the Rise in Education Sector
An acceptable method of identification i.e. biometric technology is hitting the education industr...
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Effective Sanctions Screening | A Guide for Compliance Professionals
Sanctions are crucial in combating financial crimes and maintaining national and international se...
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Blog
Top 7 Gambling Trends to Look Out for in 2023
Going from a few billion dollars to over $81 bn in a matter of a decade is astronomical for any i...
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Blog, Fraud Prevention
Identity Theft – One Fraud Multiple Facets
Identity theft is a global crime. All types of identities, including the financial, medical and b...
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A Guide to Anti-Money Laundering (AML) Regulations in the UAE
As the Middle East’s financial hub, the UAE offers several enticing free trade zones that a...
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Japan’s AML/CFT Assessment – August 2021 Report
Financial crime is soaring sky high with digitisation becoming a part of our daily lives. Cyber a...
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AML Compliance – Eliminating Financial Crimes in FinTech Firms
The FinTech industry is growing rapidly across various sectors with investments and large-scale a...
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Which KYC Solution is Right for Your Business?
KYC solutions are vital for assessing consumer risk and a legal necessity for complying with Anti...
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Top Applications of Facial Recognition Technology in the Digital Age
Facial recognition technology is biometric security in which an individual’s physical trait...
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Major Fines in the Gaming and Gambling Industry and the Role of e-IDV
The outbreak of Covid-19 has changed how we do business. Many firms that used to operate physical...
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AML Compliance – Putting an End to Money Laundering in Crypto Firms
In the past few years, cryptocurrencies were widely adopted as an investment method by not only i...
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AML Screening for Luxury Items Industry – The Role of Shufti in Ensuring Compliance
Money laundering is a global issue, and with emerging technologies, criminals are also using more...
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Securing Public Facilities with Touchless ID Verification Kiosks
Due to the coronavirus pandemic, social distancing became the utmost need of the hour. Given the ...
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Blog
Top 13 Cybersecurity Predictions for 2020
Cybersecurity threats are ostensibly ubiquitous in this internetworking infrastructure. Internet-...
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Securing Gig Economy Operations and Contributing to the Growth with KYC Solutions
Startups, SMEs, and the gig industry have seen unprecedented growth. Not to mention, COVID-19 was...
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EU’s Smart ID Wallet – Paving the Way for a Seamless Digital World
A few days back, the European Union Commission published a draft for digital ID wallets for all t...
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NFC – Building New Grounds for Identity Verification
Near Field Communication (NFC) is based on the famous RFID technology. In 2002, Nokia was the fir...
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AI face recognition for total automation
Face recognition is everywhere but still we’re unable to say goodbye to document, maybe because w...
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Digital Passports Driving the need for Biometric Verification at Airports
Digital or chipped biometric passports have automated the verification process at airports. The e...
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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...
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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
6 Industry Experts Share Their Thoughts on NFC ID Verification
Thanks to the growth of contactless transaction systems like Apple Pay, NFC is now a mainstream t...
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What Makes the Automotive Industry a Vehicle for Money Launderers
The automobile industry is the world’s biggest revenue-generating sector. In the global aut...
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Latest Gaming & Gambling Regulations Worldwide and the Role of Age Verification
Online gaming has become more popular since COVID-19. The pandemic forced people to stay indoors,...
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Identity verification solutions to fight against faces of fraud
In this digital world, billions of smart devices are circulating, connecting and communicating wi...
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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 ...
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Bitcoin ATMs – how it works and KYC compliance
Bitcoin ATMs are everything an ATM is and isn’t.
The world of finance and banking has chang...
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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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Anti Money Laundering, Blog
How is Libra’s Launch Changing the Cryptocurrency Landscape?
Libra will have to go the extra mile to prove itself worthy of global acclaim that it aims to ach...
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Blog
The US Corporate Transparency Act – What’s New? [December 2022]
Generally, small to medium businesses in the US continue operating without disclosing the benefic...
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Anti Money Laundering, Blog
Danske Bank Scandal: Banks Under Strict AML Scrutiny of FSA
Money laundering is becoming a global phenomenon. As per the United Nations Office on Drug and cr...
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Blog
New Money Laundering Patterns to Look Out for in 2022 – Do Social Media Platforms Need AML Screening?
With digitization, the use of the internet and easy access to smart gadgets has increased the num...
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Blog
A Brief Insight into Social Media Scams – How Shufti’s IDV Solution Helps
There is no doubt that social media has its benefits in contemporary times. With the growing tech...
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Identity Verification Isn’t Just for Compliance Anymore
Identity verification solutions are well-known in regulatory compliance environments, particularl...
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Blog
Identity verification in freelancing- no more smoke and mirrors
Freelancing platforms are rapidly growing. In 2017, around 57 million Americans were freelancing ...
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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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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
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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Anti Money Laundering, Blog, Financial Crime / AML
Why PEPs are High Risk and a Threat To Your Business?
In the Financial and Trade industry, you may have often heard the term PEPs and the importance of...
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Document Verification Checks: Streamlining the Onboarding Process for New Customers
Verifying documents is critical to regulatory compliance, risk assessment, and many organisations...
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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...
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Blog
Identity Verification with Liveness Detection: The Key to Preventing Spoofing Attacks
Spoofing attacks are not limited to just emails and fake websites. Hackers and cybercriminals hav...
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7 Fascinating Facts about Face Verification Technology
Technology is a fundamental part of our day-to-day lives, from checking the weather and connectin...
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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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Online Marketplaces and Increasing Crimes – How Shufti KYC Solution Can Help
With technological advancements and emerging innovations, online marketplaces have been digitized...
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Prevailing Financial Crimes and AML Regulation in Argentina – How Shufti Can Help
Argentina has faced many significant challenges due to its geographical location, including the f...
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AUSTRAC’s ML/TF Risk Assessment Report on Foreign Bank Branches [Part 3]
This blog makes the third chapter of our four-part series on AUSTRAC’s report on the Banking Sect...
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Blog, Identity & KYC
Why does ID verification fail?
Know Your Customer (KYC) encompasses an array of practices implemented within organisations to de...
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Online Identity Verification – The Hallmark of Surviving the Digital Upheaval
Embracing the digital world seems like entering uncharted waters where the challenges are novel, ...
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Why KYC Solutions are becoming a norm in Cryptocurrency?
KYC Solutions provide a great opportunity for crypto exchanges and virtual currency enthusiasts t...
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Blog
Top 13 Cybersecurity Predictions for 2020
Cybersecurity threats are ostensibly ubiquitous in this internetworking infrastructure. Internet-...
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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, 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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Combating Identity Theft in On-Demand Services with Shufti’s KYC Solution
Transition is the only thing that is inevitable in the universe. Every passing day is changing ou...
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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 ...
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The Age Verification Advantage: Speed, Trust, and Privacy
Businesses operating in age-restricted industries like gaming, social media, and alcohol sales na...
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FATF’s June 2021 Plenary – Strategic and Country-specific Initiatives
The fourth plenary meeting of the Financial Action Task Force (FATF) took place from June 20-25 t...
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Divergent AML/CFT Rules and Cross-border Payment Challenges – What FATF Has to Say?
While addressing AML/CFT requirements for cross-border payments, the global financial watchdog, F...
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Blog, Financial Crime / AML, Identity & KYC
5AMLD: Implications for Cryptocurrency
What is 5AMLD?
As part of the Action Plan against terrorism, the 5th Anti-Money Laundering Direct...
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Enhancing security in the cryptocurrency world with KYC verification
Almost 20 years after the legislation on combating money laundering, regulators around the world ...
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Blog, 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...
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Mobile Payments – Way of the Future or a Fad of the Digital Age?
Are we moving towards a world where retailers may one day say “We don’t take cash”? As mobile pay...
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Fighting Deepfakes with Fool-Proofed Identity Verification Systems: How Shufti Can Help
Undoubtedly, 21st century is the most innovative time period in human history. With every passing...
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Identity Verification Services — Fueling the Demand for Safe Gaming Experience
Modern gaming is the most recent evolution of online games that has enchanted gamers across the g...
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Facial Biometric Authentication for Online Dating Platforms – Building Trustworthy Relationships
Online dating apps have altogether transformed the concept of socializing, and people are now int...
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Blog
July 2023 Recap: Major Compliance Events and How AML Verification Can Help
Anti-Money Laundering (AML) violations pose a substantial and concerning threat to the reliabilit...
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