The Top 10  Most Difficult Countries for Identity Verification

The Top 10  Most Difficult Countries for Identity Verification

Download Report

KYC Verification Process – 3 Steps to Know Your Customer Compliance

KYC Verification Process three Steps to Know Your Customer Compliance

Did you know there are three key components to KYC?

The entire identity verification procedure encompasses much more, however, the most critical components are:

  • Customer Identification Program (CIP)
  • Customer due diligence
  • Ongoing monitoring 

In this blog we’ll be discussing the critical nature of these 3 steps in the wider KYC verification process. 

Introduction

Since the turn of the century, we’ve been propelled into a technological revolution and the Covid-19 pandemic served to show the world that digitisation will continue at an exponential rate. Whilst the outside world shut down, our remote capabilities soared in the Covid era, much of which continues post pandemic due to its efficient nature. From opening a bank account to scheduling a doctor’s appointment, Know Your Customer KYC processes have ameliorated to become an almost entirely paperless and virtual process. 

Whilst digitisation has created greater efficiency in daily personal and work-related tasks, we’ve seen advanced technology being employed for illicit use. New technology and online processes face the imminent threat of attack as hackers utilise more advanced methods to bypass business security measures. 2021 to 2022 saw the global fraud rate increase by 18% and 2022 also marked the highest rise in ID document forgery at 24%, in comparison to 18% in 2021. Passports claimed the top spot of all forged ID documents, accounting for approximately 40% of all reported cases; it is speculated that this is attributed to the difficulty in biometric fraud because of advanced features like liveness detection, causing criminals to focus their efforts on document fraud for greater ease.

Download Shufti’s 2022 ID Fraud Report for more insightful global trends and data to streamline your company’s security operations. 

Banks and other financial institutes, as well as credit unions and e-commerce are particularly vulnerable to such threats as financial crime is at an all time high; it is also a desirable subsection of crime due to its lucrative pay out if successful. With widespread implementation of digital KYC, many more industries riding the wave of digitisation are exposed to a wider scope of cyber threats and fraud – so it’s essential to have robust Know Your Customer verification for optimum security.

If a criminal successfully bypasses KYC due diligence procedures, an organisation may unknowingly be facilitating money laundering, often affiliated with terrorist financing, drug trafficking, tax evasion, smuggling and a plethora of other criminal activities. This puts an organisation in jeopardy, as global and local non-compliance will result in reputational damage and financial loss due to large penalties. KYC is not only a verification procedure, but a compliance standard that all companies have a duty to uphold.

Want to strengthen your KYC verification process? Check out our industry-acclaimed identity verification solutions here. 

What is KYC?

In layman’s terms, KYC is the abbreviated term for ‘Know Your Customer’. 

The KYC verification process itself is a little more intricate. It authenticates and ensures the legitimacy of customers, essentially checking – Are you who you say you are? Are you safe to work with as a customer? 

It is a critical part of the customer due diligence process to ensure fraud prevention and other financial crimes. It also plays a key role in upholding the integrity of the wider global financial system, so a loophole or flaw will have dire consequences on the monetary ecosystem if exploited. 

When did Know Your Customer (KYC) verification start?

The concept of verifying customers before commencing a business relationship has been around for a long time, initial KYC requirements were drafted in the 1970s in the United States, in an attempt to combat money laundering – passed under the Bank Secrecy Act (BSA). This initial framework has since been revised and altered, most notably after the September 11th terrorist attack in 2001 as part of the Patriot Act and the financial crisis of 2008. As KYC procedures have undergone adaptation, KYC regulatory compliance has also symbiotically changed alongside it. 

Proactive security measures have revolutionised business security, it eliminates the risk of commencing relations with high-risk or illegitimate customers and spares an organisation from non-compliance fines, financial loss and upholds a positive image. However, when fraudulent activities do occur, they often take place due to unauthorised access on online platforms, which is why KYC is critical in fraud prevention and has resulted in KYC compliance. 

KYC Verification Steps

Similar to the traditional KYC process previously seen in banks with in-person and paper documentation, e-KYC steps follow a similar process. 

KYC step 1 | Collection of information

The first step to know your customer requires the organisation to collect necessary personal information from the online user. This often happens at the early stages of account registration, whereby personal details are required for sign-up.

KYC step 2 | Ask the user to upload proof

The user will be asked to upload a supporting piece of evidence to prove their identity. This step can encompass face, address and document verification and spans across a wide array of document types. It is done to check whether the user-entered information is legitimate. 

Shufti offers KYC verification with the capability to authenticate customers from over 10,000 types of ID documents, find out more here. 

KYC step 3 | Verification of information

Once the user uploads a document as proof, the document template is identified and examined against a set criterion that adheres to global KYC compliance standards. Online KYC verification software has the ability to detect tampering or photoshop and flag illegitimate documents. Once document authenticity is confirmed, data is extracted. This is done with Optical Character Recognition OCR and data can be extracted in two ways: 

  1. Data extraction through OCR, whereby the system automatically extracts the data from the identity document and checks the authenticity of the information.
  2. Data extraction without OCR, where the user manually enters the information and the IDV solution checks the user-entered information against the one present on the identity document. 

Check out our video for the start to finish process of KYC: 

KYC step 4 | Customer identification programme

Next up in the KYC procedure, the Customer Identification Program (CIP). The mandate of CIP is to ensure that the entity performing a financial transaction is verified. This is necessary to curb money laundering, terrorist financing and other illegal criminal activities that disrupt the overall financial system. 

In CIP, financial institutions are required to collect the user information to open a bank account. This information includes:

  • Name
  • Address
  • DoB 
  • Identification number

After this information is gathered, it is verified against supporting evidence taken from biometric or document verification. CIP also includes the critical component of customer and business account risk assessment, enabling financial institutions to build parameters that customers will be given a risk score against. This can vary depending on the organisation and industry. This predefined criterion contributes to fraud prevention and at this point, the organisation can decide its Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) procedures. 

KYC step 5 | Customer Due Diligence

This is a process in which a customer’s information is screened against KYC protocols. In KYC compliance, this is the second step whereby basic customer information is collected online in real-time. In CDD, the information collected includes:

  • Name
  • Address
  • Age
  • Date of birth

All this information is used to verify the onboarding customer. After this, the customer is assigned a rating as per credentials after the AML screening procedures and financial credibility. In the event of a customer ID being flagged due to records on watchlists or PEP records, the customer is branded as high-risk and triggers the Enhanced Due Diligence process to be performed. 

Customer Due Diligence concludes how much of a risk a customer will pose to an institution and should reveal those who have had prior involvement in money laundering and terrorist financing.Those in the realm of private and offshore banking will carry out CDD at greater depths due to the nature of the industry and the increased threat of financial crime. 

AML Screening

As the KYC verification comes to a close, a new form of security and compliance comes into play – anti-money laundering regulations. One time verification to confirm a customer’s authenticity does not guarantee that a customer will act in accordance with the law. Once successfully passing banking KYC processes a customer may begin to commit financial crime and AML screenings are implemented industry-wide to detect this. This risk mitigation strategy generally consists of a transaction criteria and if any of the criteria is met the customer’s account is flagged instantly for internal investigation. If it is a case of financial crime, the bank has a responsibility to report it to the appropriate authorities. Ongoing AML screening indicators consist of:

  • Transaction above the specified threshold
  • A large number of frequent transactions
  • Unusual/suspicious activities

Find out more on the red flags to detect money laundering in the finance sector. 

Read more about ‘Indications of Money Laundering’:  Guide to Anti-money Laundering and Countering Terrorist financing.

Corporate KYC 

Know Your Business or ‘KYB’ is regarded as ‘corporate KYC’ and is a process that ensures verification of corporate entities or businesses you are dealing with, a crucial part of KYC compliance. Industry requirements and regulations surrounding Ultimate Beneficial Owner (UBO) verification is highly prioritised across the industry now, in attempts to build a clean and legal customer base, alongside business relationships. 

KYC is a necessity for businesses

Now that we’ve delved into the legal aspects of KYC compliance, it is apparent that effective KYC solutions are a requirement for every sector in the midst of a digitally revolutionised age. This does not only entail verification, but compliance with the ever-changing KYC and AML regulatory landscape which has undergone immense shifts recently to maintain the war against financial crime. 

Shufti is one of the world’s leading identity verification providers with award-winning KYC, KYB and AML solutions – a one-stop solution for enterprises. We offer real-time verification across the globe and support 10,000+ documents in 150+ languages. We have recently launched e-IDV to innovate and revolutionise the identity verification space worldwide. Find out more about our robust e-IDV solution here

Some common questions about KYC verification:

How can my company carry out KYC verification and customer onboarding?

Companies usually work with an identity verification provider – like us. Verification software isn’t a quick or easy thing to develop, so we handle that part for you. Our solutions are easily integrated into the company’s KYC practices and website for customer onboarding and verification.  

What IDs can be used for KYC verification and onboarding?

This will vary depending on your IDV provider. At Shufti, we verify an expansive range of documents, 10,000+ ID documents across 230+ countries & territories, in 150+ languages – we’re dedicated to creating a safe digital world. 

How long should it take to verify a customer?

Again, this will depend on your KYC verification provider, but generally across the industry it’s between 30 seconds to a minute. However, here at Shufti, we offer unmatched verification – in 30 seconds or less.

b-banner-IDV in Ensuring Secure Gaming
Talk to us

Related Posts

Blog

GDPR Compliance vs BlockChain Debate – Things you must know

GDPR Compliance is here to stay and it is going to be binding on every business and online enterp...

GDPR Compliance vs BlockChain Debate – Things you must know Explore More

Blog

Document Verification Checks: Streamlining the Onboarding Process for New Customers

Verifying documents is critical to regulatory compliance, risk assessment, and many organisations...

Document Verification Checks: Streamlining the Onboarding Process for New Customers Explore More

Anti Money Laundering, Blog, Financial Crime / AML

US Treasury opposes European Commission AML Country List

The European Commission has adopted a new list of 23 countries which lack appropriate framework f...

US Treasury opposes European Commission AML Country List Explore More

Blog

Age Verification Service – How Businesses can Identify Underage Visitors in Real Time?

When it comes online retail, one has to know that in such an age of fast-moving technology and in...

Age Verification Service – How Businesses can Identify Underage Visitors in Real Time? 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

Japan’s Act on Personal Information Protection – What Businesses Must Do

New and emerging ways to bypass verification checks have allowed fraudulent entities to breach th...

Japan’s Act on Personal Information Protection – What Businesses Must Do Explore More

Blog, Financial Crime / AML

Impact of Bitcoin Addresses’ Sanctions on IDV Providers

The technology enhancement is being done at an exponential rate around the world. As the tech kee...

Impact of Bitcoin Addresses’ Sanctions on IDV Providers Explore More

Blog

The UK “Children’s Code” – Laying New Grounds for Age Verification

A 12-month grace period for compliance with a set of standards, introduced for protecting childre...

The UK “Children’s Code” – Laying New Grounds for Age Verification Explore More

Blog

Don’t Need AML Compliance? Think Again!

The majority of the businesses believe that they do not need to comply with AML regulations at al...

Don’t Need AML Compliance? Think Again! Explore More

Blog

China’s AML Framework and Regulatory Highlights of 2022

China has been fighting against money laundering and terrorism financing for a number of years. A...

China’s AML Framework and Regulatory Highlights of 2022 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

Securing Online Marketplace Through Identity Verification System

Since the Covid-19 outburst, technological advancements and emerging innovations have digitized t...

Securing Online Marketplace Through Identity Verification System Explore More

Blog

Real Estate Industry Crimes and Strict AML Regulations – How Shufti Can Help

The real estate industry has long provided a safe way for fraudsters to secretly launder or inves...

Real Estate Industry Crimes and Strict AML Regulations – How Shufti Can Help Explore More

Blog, Identity & KYC

How Brexit Impacts UK-based Identity Verification Companies?

Brexit and its ramifications for the UK seem to be the only topic that anyone is interested in Br...

How Brexit Impacts UK-based Identity Verification Companies? Explore More

Blog

KYC and AML For Fintech | A Comprehensive Guide to Fraud Prevention

Since governments worldwide are increasing the pressure to regulate, compliance has become a key ...

KYC and AML For Fintech | A Comprehensive Guide to Fraud Prevention Explore More

Blog

Louisiana Age Verification Compliance Updates 2024

 Age verification is crucial for online tasks like purchases and communication. The inte...

Louisiana Age Verification Compliance Updates 2024 Explore More

Blog

Identity Verification Isn’t Just for Compliance Anymore

Identity verification solutions are well-known in regulatory compliance environments, particularl...

Identity Verification Isn’t Just for Compliance Anymore Explore More

Blog

Digital Safety for Social Media, Gaming & E-Commerce Platforms

As people and businesses are getting more and more connected online, social media continues to pl...

Digital Safety for Social Media, Gaming & E-Commerce Platforms Explore More

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...

Identity Verification with Liveness Detection: The Key to Preventing Spoofing Attacks Explore More

Blog

Improving Identity Verification Processes Through Perpetual KYC – How Shufti Helps the Banking Sector

Banks are considered a subset of the financial services industry and play the most crucial role i...

Improving Identity Verification Processes Through Perpetual KYC – How Shufti Helps the Banking Sector Explore More

Blog

Top Cryptocurrency Trends to Look Out for in 2022

2021 has been a remarkable year for cryptocurrency as because of COVID-19 outbreak crypto industr...

Top Cryptocurrency Trends to Look Out for in 2022 Explore More

Blog

AML Screening – Identifying and Overcoming Challenger Banks’ Weaknesses

There are approximately 77 challenger banks in Europe alone, the best range amongst the other reg...

AML Screening – Identifying and Overcoming Challenger Banks’ Weaknesses Explore More

Blog

How Businesses Can Leverage Optical Character Recognition Technology in 2023

Optical Character Recognition (OCR) has revolutionised how businesses gather, process, and analys...

How Businesses Can Leverage Optical Character Recognition Technology in 2023 Explore More

Blog

Video KYC Onboarding: Fintechs meeting KYC compliance with video identifications

The Financial industry is introducing a digital revolution globally. The term Fintech corresponds...

Video KYC Onboarding: Fintechs meeting KYC compliance with video identifications Explore More

Blog

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...

Estonia’s AML Act Amendments – Securing Virtual Currencies in 2022 Explore More

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...

Identity Theft – One Fraud Multiple Facets Explore More

Blog

Basel AML Index 2021 – Evaluating the Risk of Money Laundering Worldwide

 The threat for money laundering and terror financing continue to increase with global a...

Basel AML Index 2021 – Evaluating the Risk of Money Laundering Worldwide Explore More

Blog

NFTs, Art Market – What Investors Need to Know About ID Verification

In recent years, Non-Fungible Tokens (NFTs) have gained global attraction from individuals as wel...

NFTs, Art Market – What Investors Need to Know About ID Verification Explore More

Blog

Shell Companies and Money Laundering: How to Combat Them?

Shell companies are notorious for all the right reasons. These entities often called ghost compan...

Shell Companies and Money Laundering: How to Combat Them? Explore More

Blog

AML in Real Estate – Combating Property Scams at the Forefront

Real estate is deemed to be a profitable and safe business to invest in thanks to its ever-growin...

AML in Real Estate – Combating Property Scams at the Forefront Explore More

Blog

Shufti’s ID Fraud Report: Reviewing 2022 and a Preview of 2023

Twenty years back, “identity theft” was imagined as pictures of shady figures rifling through gar...

Shufti’s ID Fraud Report: Reviewing 2022 and a Preview of 2023 Explore More

Blog

Marketing Firms embracing KYC Services for Better service Delivery

Browsing through your Facebook newsfeed and you come across one of ‘Those’ friends – “Hey P...

Marketing Firms embracing KYC Services for Better service Delivery Explore More

Blog

How Can 2-Factor Authentication Protect Customers Against Fraud?

Need for Customer Authentication Mechanisms Since the existence of humanity, new innovations and ...

How Can 2-Factor Authentication Protect Customers Against Fraud? Explore More

Blog

A Basic Guide to Intelligent Character Recognition (ICR)

 With technological advancement, businesses are finding new ways to leverage digital sol...

A Basic Guide to Intelligent Character Recognition (ICR) Explore More

Blog, Financial Crime / AML

Shufti integrates AML Compliance into its end-to-end Verification Services

Shufti has now launched AML compliance in its set of identity verification services to provid...

Shufti integrates AML Compliance into its end-to-end Verification Services Explore More

Blog, Identity & KYC

Cybercrimes Rise 5 times in 4 years and Continue to Soar!

 A rapid stride in the tech world over the years has increased cybercrimes immensely. According t...

Cybercrimes Rise 5 times in 4 years and Continue to Soar! Explore More

Blog

A Deep Dive into Know Your Business Verification

Customer verification is essential for all businesses to onboard legitimate customers, but what a...

A Deep Dive into Know Your Business Verification Explore More

Blog

5 Key Questions about Facial Recognition Answered by Experts

Technology has definitely made life convenient but comes with a gazillion concerns from anyone wh...

5 Key Questions about Facial Recognition Answered by Experts Explore More

Blog

The Importance of KYC Remediation to Prevent Financial Crimes

If we talk about financial institutions including banks and their processes, one can freely argue...

The Importance of KYC Remediation to Prevent Financial Crimes Explore More

Blog

Designing a Risk-free Customer Onboarding Flow for the Freelancing Industry

Freelancing websites saw an increased demand during the pandemic, and the trends continued to ris...

Designing a Risk-free Customer Onboarding Flow for the Freelancing Industry Explore More

Blog

KYC Isn’t Enough: Get Ready for the Future of Verification

Over the past few years, companies have been looking for more sophisticated identity verification...

KYC Isn’t Enough: Get Ready for the Future of Verification Explore More

Blog

International Tax Body to curb Cryptocurrency based Tax Evasion

Tax enforcement authorities from Australia, Canada, the Netherlands, the United Kingdom and the U...

International Tax Body to curb Cryptocurrency based Tax Evasion Explore More

Blog

Video KYC (VKYC) | Identity Verification and Fraud Prevention

In the last few years, the verification industry has experienced remarkable expansion. As our tec...

Video KYC (VKYC) | Identity Verification and Fraud Prevention Explore More

Blog

Safeguarding Telecommunication Industry with Robust ID Verification Solutions – What Shufti Offers

Technology transformation, growing transactions and global digitisation are increasing the potent...

Safeguarding  Telecommunication Industry with Robust ID Verification Solutions – What Shufti Offers 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

Video KYC – Answer to Digital Revolution in the Gulf Region & UAE

The digital revolution in the Gulf region and UAE has been a hot topic these days. The economic d...

Video KYC – Answer to Digital Revolution in the Gulf Region & UAE Explore More

Blog

Business Verification: A new line of Defense against Fraudsters

With the ever-increasing complexities of anti-money laundering (AML) and counter-terrorism financ...

Business Verification: A new line of Defense against Fraudsters Explore More

Blog

The Role of Biometrics in Combating Money Laundering and Identity Fraud

The fast-paced growth of biometric technology and its widespread adoption in the financial and he...

The Role of Biometrics in Combating Money Laundering and Identity Fraud 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

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

Electronic Identity Verification | Technology and Regulations

Demand for efficient AML and KYC solutions increases as criminals develop more complex methods of...

Electronic Identity Verification | Technology and Regulations Explore More

Blog

AML Compliance for Money Service Businesses (MSBs) – How Shufti’s AML Screening Helps

Money laundering has spread like a virus in today’s globalized society. Banks and other fin...

AML Compliance for Money Service Businesses (MSBs) – How Shufti’s AML Screening Helps Explore More

Blog

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...

De-Risking and Anti-Money Laundering Screening – How Shufti Can Help FIs Explore More

Blog

Ensuring Compliance and Preventing Losses Due to Fraud in the Banking Sector

Banks are thought to be the most important part of the financial system, playing a vital role in ...

Ensuring Compliance and Preventing Losses Due to Fraud in the Banking Sector Explore More

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...

How is Libra’s Launch Changing the Cryptocurrency Landscape? Explore More

Blog, Identity & KYC, Reg Tech

RegTech: The Case for Financial Inclusion

The FinTech industry has grown tremendously in recent years, introducing both scale and efficienc...

RegTech: The Case for Financial Inclusion Explore More

Blog

6AMLD of EU – A detailed insight

European union’s another anti-money laundering directive is in the pipeline. And this time the un...

6AMLD of EU – A detailed insight Explore More

Blog

Singapore’s Digital Payment Token and AML Regulations [2022 Updates]

Financial crimes are an ever-increasing threat to the global economic climate. As a financial hub...

Singapore’s Digital Payment Token and AML Regulations [2022 Updates] Explore More

Blog

5 Predictions on the Future of Digital KYC and eKYC

It’s 2023. Welcome to the day and age of digital KYC verification. From multiple copies of ID car...

5 Predictions on the Future of Digital KYC and eKYC Explore More

Blog

The ‘What’, ‘How’ and ‘Why’ of Sanctions Screening | A Basic Guide

International collaboration and cross-border transactions have become the norm in our interconnec...

The ‘What’, ‘How’ and ‘Why’ of Sanctions Screening | A Basic Guide Explore More

Blog

SEPA Instant Credit Transfer Schemes – Disrupting the Financial Sector in 2023

There is no denying the fact that the financial industry has vital importance in the contemporary...

SEPA Instant Credit Transfer Schemes – Disrupting the Financial Sector in 2023 Explore More

Blog

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 ...

Curbing Financial Crimes and Securing Art Market With Shufti’s AML Screening Services Explore More

Blog

E-Signature | Digitise and Verify Agreements in Compliance

The use of electronic signature, or e-signature, has transformed business dealings. The days of s...

E-Signature | Digitise and Verify Agreements in Compliance Explore More

Blog

5 Features of the Best Transaction Monitoring Solution

Criminals are continuously devising sophisticated strategies to launder illegally-acquired money....

5 Features of the Best Transaction Monitoring Solution Explore More

Blog, Online Marketplace

Ride Sharing Services and ease provided by KYC Services

Ride Sharing services might be the hottest form of transportation especially in developed countri...

Ride Sharing Services and ease provided by KYC Services Explore More

Blog, Identity & KYC

How Brexit Impacts UK-based Identity Verification Companies?

Brexit and its ramifications for the UK seem to be the only topic that anyone is interested in Br...

How Brexit Impacts UK-based Identity Verification Companies? 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

Know Your Donor (KYD) – Eradicating Financial Crimes in NPOs and Charity Organizations

In 2020, US citizens alone donated more than $471 billion to charities. This generosity ultimatel...

Know Your Donor (KYD) – Eradicating Financial Crimes in NPOs and Charity Organizations Explore More

Blog

Anti-Money Laundering Screening | Securing Digital Economies from Financial Crimes

The increased reliance on digital banking and the advent of virtual currencies in today’s d...

Anti-Money Laundering Screening | Securing Digital Economies from Financial Crimes 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

Age Verification: Data Privacy and User Protection

In recent years, there’s been a lot of speculation surrounding the issue of whether or not ...

Age Verification: Data Privacy and User Protection Explore More

Blog

Address Verification: The Cornerstone of Elevating Customer Experience

Today’s highly emerging technology is changing the way consumers shop online products. Given the ...

Address Verification: The Cornerstone of Elevating Customer Experience 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