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An Insight into Money Laundering Through the UAE’s Gold Industry
Since the beginning of time, gold has been considered a medium for payment and trading with its e...
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AML Compliance – Mitigating Financial Crime Risks in the Payments Industry
After the Covid-19 pandemic gave rise to the digital payments trend, the world has seen rapid gro...
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Card-Not-Present (CNP) Fraud – How to Prevent False Chargebacks?
The eCommerce industry continues to grow rapidly, so are fraudulent activities. According to Stat...
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Curbing Financial Crimes and Securing Art Market With Shufti’s AML Screening Services
The global art industry is embracing digitization. However, the technological advancements and a ...
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A Guide to Understanding KYC in Banking
2022 has witnessed a rise in the number of fraudulent cases by 18% compared to 2021, damaging bus...
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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...
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Building Trust in Health and Telemedicine Services With Shufti’s Facial Biometric Verification Solution
Telecommunication technology in the healthcare industry is already widely used and is expanding t...
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COVID Verification of Tourists: Is the Hospitality Sector Doing Much?
COVID-19 has been a big hassle for everyone except for those who adopted the new normal quickly. ...
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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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5 AI-Powered Products to Boost Digital Experiences Post Covid
If there’s one thing financial institutions understood within the first year of global shutdowns ...
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AI-based IDV Can Effectively Curb Unemployment Insurance Fraud
Throughout the United States, an emerging scam has taken the nation by storm. Unemployment Insura...
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Enhanced Due Diligence – How to Identify and Deal with High-Risk Customers
Business relationships always come with associated risks that require carefully implemented measu...
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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 ...
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Securing Digital Payments and Mitigating Financial Crimes Through AML Screening Solutions
The promise of payments technologies is being realized. Consumers are executing frictionless paym...
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Biometrics Bucking the Trend of KYP in Healthcare
Over the last few years, biometric technology is deeply entrenched in various commercial marketpl...
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Secure Your Digital Presence | Combat Transaction Fraud and Cyberthreats with IDV
Financial crimes, especially payment and transaction fraud, have seen a massive surge in recent y...
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Blog, Fraud Prevention, Online Marketplace
Why Digital KYC is Important for Insurance Fraud Prevention
KYC For Insurance Companies : Basically, a system that can carry out real-time identity verificat...
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Customer Identification Programme (CIP) vs Know Your Customer (KYC) | What’s the Difference?
Often, people confuse CIP and KYC and think both are the same. Customer Identification ...
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Mounting Cases of Money Laundering through Digital Currencies in 2021
Even though cryptocurrencies like Bitcoin, Ethereum, and Dogecoin are increasing rapidly, yet the...
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Estonia’s AML Act Amendments – Securing Virtual Currencies in 2022
Estonia’s financial institutions are developed and ensure transparency as its laws are well-defin...
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What to expect from Booming Identity Verification Market in 2020?
Technologies hatched by fourth industrial revolution such as the Internet of Things (IoT), roboti...
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Complete Guide to KYC Compliance Regulations in 2025
Introduction
KYC obligations are no longer just a banking headache. In 2025, crypto exchanges, on...
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The ‘What’, ‘How’ and ‘Why’ of Sanctions Screening | A Basic Guide
International collaboration and cross-border transactions have become the norm in our interconnec...
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UK’s FIU Issues New Guidelines for Suspicious Activity Reporting
The UK’s Financial Intelligence Unit (UKFIU) has issued new guidance in August 2021. The latest i...
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Facial Verification – Curing Fraud in the Healthcare Sector
Healthcare professionals continue to be hot targets of bad actors and cybercriminals, with attack...
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Biometric Technology, Blog
Warning: You’re Losing Money by not Using Biometric Identification
On the surface, Biometric Identification might seem as if it’s only useful for opening your bank ...
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Online Privacy, Security & Inclusivity in a Digital World: Congress Hearing 2021
On 16 July 2021, the US Financial Services Task Force on Artificial Intelligence held a virtual h...
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Top 10 Cybersecurity Trends for 2021
Cybersecurity in 2020 became the biggest challenge thanks to the COVID-19 pandemic. Global lockdo...
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AML Compliance – Korean Crypto Exchanges Join Hands to Fight Money Laundering
Cryptocurrency has been notoriously criticised for money laundering and other illicit activities ...
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Verifying Donors and Origins of Charitable Funds with Identity Verification
Like any other financial institution, charity organisations are also equally vulnerable to moneta...
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E-commerce Frauds – Common types and Prevention tips
What are some common e-commerce frauds and how can you prevent them? Is the buyer on your site an...
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How to Protect Yourself From Cyber Crime in the Holiday Season?
Most people around the world do the majority of their shopping during the holiday season. Accordi...
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5-Steps to Improve Customer Due Diligence Process
The digital age has witnessed a new wave of financial fraud. It is estimated that $4.7 trillion o...
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Blog, Online Marketplace
Why Millennials don’t care about Conventional Banking Services?
Millennials are different from the baby boomer generation. They earn less than what the previous ...
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Common Types of BNPL Fraud and the Role of KYC/AML Regulations
The Buy Now Pay Later (BNPL) services are growing rapidly. 42% of credit customers are interested...
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How AI is Transforming the Banking Sector
Artificial Intelligence has extensive applications across several domains: from banking to health...
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Safeguarding Financial Operations with Transaction Monitoring and AML Screening
To enhance the power of anti-money laundering regulation, transaction monitoring systems have evo...
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Blog, Fraud Prevention, Online Marketplace
Why Digital KYC is Important for Insurance Fraud Prevention
KYC For Insurance Companies : Basically, a system that can carry out real-time identity verificat...
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Blog, Reg Tech
Effect of the Amendment to the FINMA Compliance on IDV Service Providers
In the first quarter of the year 2018, the Swiss Financial Market Supervisory Authority rolled ou...
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Address Verification: Types, Benefits, and Best Practices
Improving customer service and combating fraud frequently requires swiftly gathering and confirmi...
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Building an Effective Customer Due Diligence (CDD) System with Shufti
There are various factors that businesses have to consider while implementing measures to gather ...
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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...
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Know Your Investor (KYI) – Identifying and Eliminating Russian Sanctions Evaders
For quite some time, wealthy Russian businessmen and oligarchs have been investing their money in...
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Blog, Online Marketplace
How Mobile KYC will revolutionize the Digital World?
Mobile KYC is the next frontier in Identity Verification services allowing greater access to busi...
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Blog, Identity & KYC, Online Marketplace
Utilising Digital Identity Verification for Imparting Better Healthcare
The importance of patient identification and verification is crucial in the healthcare sector. Ac...
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Replay Attacks – Another Rising Threat for Businesses in 2021
As technology advances, more and more solutions are available for making lives convenient. Unfort...
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Stronger Global Identity Coverage… Where it Counts
In today’s globalized economy, businesses are striving to expand their footprint across borders. ...
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Understanding UBOs: A Critical Component in Enhancing Security in the Financial Sector
Regulated entities must be aware of who they are interacting with. Validating the real identities...
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China’s Data Protection and Privacy Laws | 2023 Update
China has witnessed massive growth in the last few decades. However, the rise of the digital econ...
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The Importance of KYC Remediation to Prevent Financial Crimes
If we talk about financial institutions including banks and their processes, one can freely argue...
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Antiquities Market – A Conduit of Money Laundering and Terror Financing
Money laundering and terror financing through art and antiquities has been a concern of regulator...
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Understanding UBOs: A Critical Component in Enhancing Security in the Financial Sector
Regulated entities must be aware of who they are interacting with. Validating the real identities...
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Worldwide Language Coverage from Shufti helps you go Global
Language serves the purpose of communication among people of a certain locality, nation or in cas...
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Customer Risk Assessment: Strengthening Security in the Digital Age
Business partners, vendors, and third parties play essential roles in daily operations, contribut...
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Biometric Authentication is Smart but AI Makes it Smarter – Here is How
In the ongoing digital age security is a top priority concern of any organization. Data is a maj...
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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...
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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...
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Identity Verification – Safeguarding Pharmaceutical and Controlled Substance Sales
With emerging technologies, the pharmaceutical industry has transformed significantly, and rapid ...
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Liveness Detection and IDV: An Overview of Biometric Facial Recognition
Identity fraud and cybercrime have significantly surged in the past few years. Deepfake technolog...
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Blog
The Path to CX Leadership – An Interview with Saroni Kundu
From Code to Customer: How Saroni Kundu Found Her Passion in CX
In our latest Beyond Borders podc...
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Blog, Online Marketplace
How the Rise of ID Verification Promises Trillions of Dollars for Online Marketplace?
The affliction of cybercrimes and online frauds has reached such high proportions that the cost o...
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Rising Concerns of Money Laundering and the Role of Global Financial Sanctions
Since 9/11, money laundering has become a global issue that has raised alarms for financial watch...
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What You Need to Know About Switzerland’s Crypto AML Rules by FINMA
Switzerland is historically famous for being a global hub for gold. However, the new digital gold...
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Biometric Authentication – A Solution Against Fraud Detection
Biometrics technology is the way forward for identity verification services as they allow for qui...
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Identity Verification vs Authentication: The Key Differences
Organisations today face significant concerns regarding data breaches and identity theft. Nearly ...
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Video KYC: Taking Traditional KYC to the Next Level
Know Your Customer (KYC) has undergone continuous evolution since its inception. Its purpose is t...
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De-Risking and Anti-Money Laundering Screening – How Shufti Can Help FIs
Every firm providing financial services must stay put with the existing compliance and follow new...
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The Crucial Role of Ongoing Monitoring in Risk Mitigation
The nature of a business-to-clientele relationship subjects organisations to significant risks. F...
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Top 5 Reasons to Incorporate Identity Verification into Your Hiring Process
From widespread layoffs to the urgency of hiring as soon as possible, the job market has drastica...
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Blog, Business Technology, Financial Crime / AML, Identity & KYC, Online Marketplace
Know Your Business: The Next Step in Identity Verification
The complex regulatory environment and increased exposure to illegal activities indicate that bus...
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The EU’s New AML Proposal, What’s in Store?
To strengthen the EU’s Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) ...
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How identity verification can help prevent Medical Identity Theft?
Digitization is reshaping the future of healthcare. With the healthcare industry, having more res...
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