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

    FATF October 2019 Plenary – Here is What You Need to Know

    FATF Plenary Outcomes

    Financial Action Task Force (FATF) President Xiangmin Liu, chaired the first meeting from 16-18 October 2019 under the FATF Chinese Presidency. In this three day meeting, 800 delegates represented 205 jurisdictions. The international organizations which include the UN, IMF, World Bank, etc. discussed the current issues that are giving rise to financial crimes and presented solutions that possibly contribute to global security.  

    FATF is an inter-governmental body that aims to set standards for effective implementation of the regulatory, legal and operational measures to combat money laundering and terrorist financing. FATF goals for the elimination of any criminal activity that disrupts the flow of the financial system. In the recent meeting, FATF highlights important issues discussed below: 

     

    • Associated Risks with Virtual Assets 

     

    Money laundering and terrorist financing risks with virtual currency, “stablecoins” or similar assets are pondering. FATF focuses on countries and their norms to facilitate the virtual currency industry. According to FATF, it is necessary for the countries to take in place requirements while recognizing the risks associated with virtual assets. This sector should be properly supervised to eliminate the incidences that aid criminal activities. The countries which have already implemented measures should report back regarding the actions they took for evaluation purposes.

    It is the duty of FATF to monitor the standards industry is following in its development processes and make sure that they are complying with the requirements defined by FATF. Emerging virtual assets such as “stablecoins” are supposed to introduce to a shift in the virtual currency ecosystem which could be a source to facilitate criminal activities most likely money laundering and terrorist financing. “Stablecoins” service providers are supposed to adhere to FATF standards strictly just like traditional financial service providers do. FATF is continuously monitoring the characteristics and is looking for further specifications these virtual assets hold and to be reported with updates these currencies come up with. 

     

    • Understanding Digital Identity Use

     

    A swift shift towards the digital world, digital payments, and digital identity are worth notable. Every year, a large number of transactions through digital means take place and are growing by 12%. The digital identity roaming over the internet should be identified and verified. This is a vital step to perform as its negligence gives rise to criminal activities. Fake identities over the internet participate in money laundering and terrorist financing. This can be eliminated through customer identification to make sure that each person has its own real identity. 

    FATF is going to release a draft for public consultation elaborating on the use of digital identity. The draft would give clear statements regarding the use, reliability, and standards of digital identification systems. FATF aims to eliminate the sources that are facilitating criminal activities.  

     

    • Follow-up Assessments

     

    Mutual Evaluation of the Russian Federation and Turkey 

     

    FATF plenary conducted a mutual evaluation of the Russian Federation and Turkey. It evaluated the effectiveness of AML/CFT compliance in both countries. Also, their compliance level with FATF requirements. 

    In Russia, the FATF-EAG-MONEYVAL assessment was conducted whch showed that Russia has an in-depth understanding of the criminal activities and risks associated with them. It follows robust policies to combat risks of financial crimes like terrorist financing. However, it needs to work on the supervision standards of money laundering especilaly the money that is laundered abroad. 

    In Turkey, plenary concluded that measures Turkey is taking in place to cater to money laundering and terrorist financing activities are stringent. However, it is in dire need of persuing financial crimes in line with the risk profile of the country. Also, there should be strict actions immediately to freeze the criminal liability at the spot which includes any detection of terrorist financing or money laundering or even weapon proliferation of the purpose of mass destruction. 

    Plenary discussed AML/CFT regulations compliance of each country. After evaluation of both countries’ compliance with FATF requirements, mutual evaluation reports will officially publish in December 2019. 

    Norway and Spain Follow-up Assessments

     

    Since the mutual evaluations conducted in 2014, plenary discussed changes Norway and Spain entertained at their ends regarding money laundering and terrorist financing activities. 

    Norway is on the go to strengthen its strategies for financial intelligence to understand the bad money flow through money laundering and terrorist financing, it has developed effective strategies to combat the risks of dirty money flow. Its improvements towards the ability to freeze suspicious criminal liabilities are also effective.

     Similarly, Spain is also active in ensuring the sources that facilitate criminal activities and measures they are taking to combat them. It has established an effective framework and mechanism to freeze the weapons proliferation supposed for mass destruction.

    Denmark, Ireland and Singapore Mutual Evaluation

     

    FATF plenary re-rated these countries on the basis of mutual evaluation. It came out that among these, Ireland moved to regular follow-up procedures from enhanced processes. FATF will be publishing the mutual evaluation report soon declaring fluctuations in technical compliances. Also, the rating with respect to measures taken to eliminate terrorist financing, money laundering and ability of weapon freezing having mass destruction intentions.

    Brazil’s Mutual Evaluation Report

     

    In the report of 2016, FATF conveyed concerns about Brazil’s continued failure with technical compliances to deter the risks of money laundering and terrorist financing. FATF declared that this would be the primary concern in the October FATF plenary. Now, evaluation resulted in positive results depicting the effective adoption of regulatory compliance by Brazil. Its substantial progress has proved to address most of the compliance requirements for the betterment of the financial system.

    However, serious concerns remain regarding the international compliance standards of Brazil. This emerged as a result of limitation laid by a provisional injunction that was issued by a Brazilian Supreme Court judge. This limitation was on the use of financial intelligence for criminal investigations. FATF is active to get timely updates regarding this matter.

     

    • Jurisdictions Identification

     

    Identifying Jurisdictions w.r.t AML/CFT Deficiencies

     

    FATF concerned the identification of Juridictions with respect to strategies that they are taking in place for the elimination of terrorist financing and money laundering. FATF maintains public documents of June 2019 containing lists of jurisdictions that might pose potential risks to the international financial system. These contain amendments regarding the call for action and an action plan with FATF.

    Ethiopia, Srilanka, and Tunisia with no Jurisdiction monitoring 

     

    FATF is satisfied with the progress of Ethiopia, Srilanka, and Tunisia in addressing AML/CFT deficiencies. Now, these jurisdictions are out of the list of FATF monitoring. 

    The FATF praised Ethiopia, Sri Lanka and Tunisia for the significant progress made in addressing the strategic AML/CFT deficiencies identified earlier by the FATF and included in their respective action plans.

    These jurisdictions will not be subject to the FATF’s monitoring any long under its on-going global AML/CFT compliance process and will work with the FATF-Style Regional Body of which they are a member and continue to encourage their AML/CFT regimes.

    New Jurisdiction Monitoring over Iceland, Mongolia, and Zimbabwe

     

    FATF identified serious deficiencies in AML/CFT compliance programs of Iceland, Mongolia, and Zimbabwe. Each jurisdiction now has developed an action plan to comply with FATF requirements and FATF is looking forward to their plan. 

    Pakistan and AML/CFT System

     

    Since Pakistan committed to making high-level progress in June 2018 in regard to the requirements of FATF and APG, Pakistan has improved the AML/CFT regime’s compliance. However still, the progress is not up to the mark. Pakistan still lacks a proper understanding of terrorist financing risks. It is able to complete five out of 27 action plans. FATF urges Pakistan to complete the thorough action plan by February 2020. In case of any discrepancy, FATF will take action. This action could be a serious call to all jurisdictions to give special attention to the relationship with Pakistan’s financial institutions.

    Iran and AML/CFT System

     

    In June 2018, Iran committed with FATF regarding effective practices with respect to AML/CFT strategies to overcome the current deficiency and to act upon the implementation of the Action Plan. Iran significantly lacks proper identification of terrorist financing risks. FATF calls upon its members in June 2019 to conduct the supervisory examination in Iran’s subsidiaries and branches of financial institutions. Now if before the deadline i.e February 2020, Iran does not act upon the conventions of terrorist financing and Palermo, FATF will call for members and subject Iran with effective countermeasures. 

    Iran will be in FATF public statements till it fully comes up with with the Action Plan. Until Iran takes a serious approach towards the implementation of countermeasures to eliminate terrorist financing, FATF will be highly concerned with the risks that can arise from Iran regions and pose this threat to the international financial system.

     

    • Promoting more Effective Supervision

     

    In the plenary of FATF, one the major discussion involve identification of improvements that can better help in the supervision of AML/CFT regimes. FATF discussed the program and aims to outreach to improved strategies to national supervisors. The objective behind this effort is to let entities regulate their processes and focus more on the outcomes while taking in place a risk-based approach. 

     

    • New Practices for Legal Professionals

     

    FATF focuses on the transparency of beneficial owners of the legal sector. It is important to prevent terrorist financing and money laundering through companies. However, jurisdictions find it challenging to implement the requirements in this field. Although mutual evaluations using a prolonged approach opens the ways for effective solutions. The collection of information through several sources contributes to effective approach towards the prevention of misuse of the legal sector. Facilitation of criminal activity through legal persons can be avoided. A large number of sources help in better addressing of problems and identifying their respective solutions. Using input from global databases can help in catering to criminal activities in a better way. 

    Related Posts

    Blog

    Initial Exchange Offerings (IEOs) – A Detailed Insight

    The advent of the Crypto industry brought decentralized and innovative fundraising ways. One of t...

    Initial Exchange Offerings (IEOs) – A Detailed Insight Explore More

    Blog

    Prevailing Identity Fraud in Telecom Sector – How Shufti Can Reduce the Risks

    The telecommunication industry holds significance for the information sector as it is primary inf...

    Prevailing Identity Fraud in Telecom Sector – How Shufti Can Reduce the Risks Explore More

    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...

    Stablecoin Market and the Role of AML in Safeguarding Digital Finance Explore More

    Blog

    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...

    AML Screening for Luxury Items Industry – The Role of Shufti in Ensuring Compliance Explore More

    Blog

    Money laundering and UAE’s KYC/AML Regulatory Regime [2022 Update]

    The United Arab Emirates (UAE) has become the world’s most exotic and well-reputable financial hu...

    Money laundering and UAE’s KYC/AML Regulatory Regime [2022 Update] Explore More

    Blog

    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...

    EU’s Smart ID Wallet – Paving the Way for a Seamless Digital World Explore More

    Blog

    FBO Accounts and Fintech – Securing Financial Operation with ID Verification

    With global digitization, online financial services are becoming mainstream. Due to this, maintai...

    FBO Accounts and Fintech – Securing Financial Operation with ID Verification 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

    Age Verification – Ensuring the Protection of Minors on Digital Platforms

    In today’s technologically advanced era, digital products and services have transformed the way s...

    Age Verification – Ensuring the Protection of Minors on Digital Platforms Explore More

    Blog

    Identity verification in freelancing- no more smoke and mirrors

    Freelancing platforms are rapidly growing. In 2017, around 57 million Americans were freelancing ...

    Identity verification in freelancing- no more smoke and mirrors Explore More

    Blog

    Identity checks – A Profitable Business Strategy or Another Business Expense?

    Online commerce is a necessity of every business these days. With nearly every consumer carrying ...

    Identity checks – A Profitable Business Strategy or Another Business Expense? Explore More

    Blog

    Periodic to Perpetual KYC — The Changing Landscape in Banks

    The employment of effective Know Your Customer (KYC) procedures has long been a challenge for fin...

    Periodic to Perpetual KYC — The Changing Landscape in Banks Explore More

    Blog

    20 Facts and Statistics About the Global Finance Sector

    The finance sector makes up around 20 to 25% of the global GDP. With the market capitalization re...

    20 Facts and Statistics About the Global Finance Sector Explore More

    Blog

    How Shufti’s KYC Solution Can Ensure Compliance For Call Centers Fighting Crime

    With emerging technologies and rapid digitization, the world is relying on the web and a variety ...

    How Shufti’s KYC Solution Can Ensure Compliance For Call Centers Fighting Crime Explore More

    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...

    A Brief Insight into Safe Havens for Russian Oligarchs Explore More

    Blog

    Significance of Facial Recognition Technology in FinTech Fraud Detection

    Compliance with Anti-Money Laundering (AML) requirements is challenging for financial organisatio...

    Significance of Facial Recognition Technology in FinTech Fraud Detection Explore More

    Blog

    Identity Fraud and Risk Assessment: An Ultimate Guide for 2023

    Customer onboarding and business relationships always come with associated risks that must be han...

    Identity Fraud and Risk Assessment: An Ultimate Guide for 2023 Explore More

    Blog, Fraud Prevention

    8 Fraud Prevention Tips for a smooth business uptake in 2018

    The Need for Fraud Prevention As technology has evolved over the years, the way we do business ha...

    8 Fraud Prevention Tips for a smooth business uptake in 2018 Explore More

    Blog

    Gaming Industry Crimes and KYC/AML Solutions – What Shufti Can Offer

    From the world’s glitziest gaming development to betting shops on the high streets, the global ga...

    Gaming Industry Crimes and KYC/AML Solutions – What Shufti Can Offer Explore More

    Blog, Financial Crime / AML

    Global AML Regimes – Tightening Reins on Money Launderers

    Money laundering is a global menace. Money laundering and terrorist financing are the major targe...

    Global AML Regimes – Tightening Reins on Money Launderers Explore More

    Blog

    AML Screening – Identifying Financial Criminals in the Art & Antiquities Sector

    There is no doubt in the fact that art and antiquities are one of the sectors responsible for bil...

    AML Screening – Identifying Financial Criminals in the Art & Antiquities Sector Explore More

    Blog

    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...

    AML Screening for Luxury Items Industry – The Role of Shufti in Ensuring Compliance 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

    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...

    KYC/AML Compliance for Startups in the Financial Sector – How Shufti Can Help Explore More

    Artificial Intelligence, Blog

    How Augmented Intelligence is next stop in ID Verification Services?

    Augmented intelligence (AI), also referred to as intelligence augmentation (IA) and cognitive aug...

    How Augmented Intelligence is next stop in ID Verification Services? Explore More

    Blog

    An Insight into Online Dating Scams – How Identity Verification Helps

    The impact of Covid-19 on businesses and the physical, mental health of individuals has been stre...

    An Insight into Online Dating Scams – How Identity Verification Helps Explore More

    Blog

    Shufti to Revamp Customer Experience with Enhanced Video KYC UX

    Would you ever want to use a product that is hard to understand? A McKinsey Report revealed that ...

    Shufti to Revamp Customer Experience with Enhanced Video KYC UX Explore More

    Blog

    NFC Verification for Seamless Customer Onboarding

    As more than 80% of today’s smartphones have NFC technology, different industries are working tow...

    NFC Verification for Seamless Customer Onboarding Explore More

    Blog

    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...

    Biometric Authentication is Smart but AI Makes it Smarter – Here is How Explore More

    Blog

    A guide to choosing the right ‘Digital Identity Verification Solution’

    Living in the digital era, everything is now just a click away. From customer onboarding to onlin...

    A guide to choosing the right ‘Digital Identity Verification Solution’ 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

    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...

    4 Reasons why KYB is Inevitable for your Business Explore More

    Blog

    Risk Assessment: Building Trust in Crypto Exchanges

    Other than following AML and KYC laws, crypto exchanges have a huge responsibility on their shoul...

    Risk Assessment: Building Trust in Crypto Exchanges Explore More

    Blog

    Protecting Crypto Ecosystem with Effective Compliance Measures and Robust AML Screening

    In November 2021, the market capacity of the cryptocurrency went over $3 trillion. With the incre...

    Protecting Crypto Ecosystem with Effective Compliance Measures and Robust AML Screening Explore More

    Blog

    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 ...

    5 AI-Powered Products to Boost Digital Experiences Post Covid Explore More

    Blog

    Electronic Identity Verification | Forecasts and Predictions

    Identities change as the world goes more digital. As more activities, like banking, socialising, ...

    Electronic Identity Verification | Forecasts and Predictions Explore More

    Blog, Online Marketplace

    What is Open Banking & Why Does it Matter in 2019?

    Open banking is surely one of those trends that have the potential to change the banking and fina...

    What is Open Banking & Why Does it Matter in 2019? 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, Financial Crime / AML, Reg Tech

    AML Checks: An Emerging Frontier in RegTech Revolution

    The Anti Money Laundering (AML) landscape has been around since the signing of BSA (Bank Secrecy ...

    AML Checks: An Emerging Frontier in RegTech Revolution Explore More

    Blog

    OCR in Banking | Automating Data Extraction, Customer Onboarding, and ID Verification

    The global Banking and Financial Services Industry (BFSI) is one of the most heavily regulated an...

    OCR in Banking | Automating Data Extraction, Customer Onboarding, and ID Verification Explore More

    Blog, Fraud Prevention

    Data Breaches in 2019 – A Year in Review

    Stepping into 2020, the year 2019 has been on the rollercoaster in terms of security breaches. Da...

    Data Breaches in 2019 – A Year in Review Explore More

    Blog

    The Power of Robotic Process Automation in the Banking Industry

    Entering into the fourth industrial revolution, business processes are shifted to the digital sph...

    The Power of Robotic Process Automation in the Banking Industry Explore More

    Blog

    Harnessing the power of AML Screenings to Uncover Politically Exposed Persons [PEPs]

    Since the last decade, governments and financial institutions have been trying to limit corruptio...

    Harnessing the power of AML Screenings to Uncover Politically Exposed Persons [PEPs] Explore More

    Blog

    5 Reasons to Invest in Intelligent Character Recognition Services

    Businesses deal with a plethora of documents, ranging from accounting and finance to sales and ma...

    5 Reasons to Invest in Intelligent Character Recognition Services Explore More

    Blog

    How ID Verification Helps in Fighting Digital Scams?

    ID VERIFICATION: Digital scams are common phenomena and it affects all types of businesses in eve...

    How ID Verification Helps in Fighting Digital Scams? Explore More

    Blog

    Know Your Customer – Addressing the Risks of Financial Crimes in Challenger Banks

    With emerging technologies, financial services are witnessing a digital revolution that is changi...

    Know Your Customer – Addressing the Risks of Financial Crimes in Challenger Banks Explore More

    Blog

    e-IDV: Improving Client Onboarding for Banks and FinTech

    Individuals and business owners often face significant time constraints when visiting banks physi...

    e-IDV: Improving Client Onboarding for Banks and FinTech 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

    Dirty Funds & Tax Evasion – Can the Crypto Sector Be Safeguarded?

    2021 has turned out to be another eventful year for the cryptocurrency sector. In just a span of ...

    Dirty Funds & Tax Evasion – Can the Crypto Sector Be Safeguarded? 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

    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...

    New Money Laundering Patterns to Look Out for in 2022 – Do Social Media Platforms Need AML Screening? Explore More

    Blog

    August 2023 Recap: Major Violations and How AML Screening Can Help

    With technological advancement, scammers are revising their strategies to bypass verification sol...

    August 2023 Recap: Major Violations and How AML Screening Can Help Explore More

    Blog

    KYC Compliance Will Become Your Competitive Edge

    Businesses, particularly the financial services sector, have been observing Know Your Customer KY...

    KYC Compliance Will Become Your Competitive Edge Explore More

    Blog

    Protect Your Bitcoin Business With KYC Compliance

    Even with a lot of resistance to its use as a form of currency, Bitcoin and its blockchain techno...

    Protect Your Bitcoin Business With KYC Compliance Explore More

    Blog

    Disruptive Fintech Trends 2020

    Fintech has changed the way consumers access their finances. From mobile payment apps to insuranc...

    Disruptive Fintech Trends 2020 Explore More

    Blog

    Fintech 2021 – A Brief Insight of Global KYC Regulations

    Financial services are among the most heavily regulated sectors in the world, and the number one ...

    Fintech 2021 – A Brief Insight of Global KYC Regulations Explore More

    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 ...

    Warning: You’re Losing Money by not Using Biometric Identification Explore More

    Blog

    How Deepfakes Deceptions are Affecting Businesses

    The word deep fake comes from the terms “deep learning” and “fake,” and is a type of artificial i...

    How Deepfakes Deceptions are Affecting Businesses Explore More

    Blog

    Synthetic Identity Fraud: Fake Identities for Criminal Activity

    An increase in financial crime has been predicted by economic downturns during the previous two d...

    Synthetic Identity Fraud: Fake Identities for Criminal Activity Explore More

    Blog

    Red Flags to Detect Money Laundering in the Finance Sector

    As the digital landscape continues to evolve at an exponential rate, so do our tools for fraud- d...

    Red Flags to Detect Money Laundering in the Finance Sector Explore More

    Blog

    Customer Due Diligence – Risk Scoring of Fraudsters to Prevent Crimes

    As per the research of The Journal of Accountancy, fraudsters carry out crimes for two reasons: n...

    Customer Due Diligence – Risk Scoring of Fraudsters to Prevent Crimes Explore More

    Blog

    How identity verification can help prevent Medical Identity Theft?

    Digitization is reshaping the future of healthcare. With the healthcare industry, having more res...

    How identity verification can help prevent Medical Identity Theft? Explore More

    Blog

    Combating Money Laundering Threats in the Art and Antiquities Sector Through AML Screening Solutions

    With transforming technologies and growing digitization, the global art industry has also embrace...

    Combating Money Laundering Threats in the Art and Antiquities Sector Through AML Screening Solutions Explore More

    Blog

    Blockchain and Identity Theft: Potential Challenges and how to Tackle Them

    Blockchain has become increasingly popular because of its potential to provide secure transaction...

    Blockchain and Identity Theft: Potential Challenges and how to Tackle Them Explore More

    Blog

    Optical Character Recognition (OCR) – Powering Shufti’s Document Verification

    Trust is a key factor when it comes to doing business or getting financial services from banks. A...

    Optical Character Recognition (OCR) – Powering Shufti’s Document Verification 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

    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...

    Online Privacy, Security & Inclusivity in a Digital World: Congress Hearing 2021 Explore More

    Blog

    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...

    Know Your Investor (KYI) – Identifying and Eliminating Russian Sanctions Evaders Explore More

    Blog

    How to Create a Wow! Fraud Prevention System with Shufti

    The ever increasing threat of identity fraud skyrocketed when the coronavirus pandemic struck the...

    How to Create a Wow! Fraud Prevention System with Shufti Explore More

    Blog

    High-Risk Transactions – How Can Enhanced Due Diligence (EDD) Help?

    In today’s continuously evolving world, businesses should not only focus on the revenue they gene...

    High-Risk Transactions – How Can Enhanced Due Diligence (EDD) Help? Explore More

    Blog

    KYC Verification – The Significance of Identity Verification in the Telecom Industry

    Increasing smartphone usage throughout the world has accounted for large amounts of data being sh...

    KYC Verification – The Significance of Identity Verification in the Telecom Industry Explore More

    Blog

    Phishing Attacks and the Role of Two-Factor Authentication

    In today’s digital world, almost everything we do is on the internet, be it for official purposes...

    Phishing Attacks and the Role of Two-Factor Authentication 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