Balancing speed, age verification, and compliance: the challenge of IDV for the gaming industry
The gaming industry operates on sophisticated technological platforms and advertises to a variety of audiences interested in everything from multiplayer games to online poker to metaverses. Verifying the identities (and ages) of gamers is central to the success of online gaming and gambling sites. Unfortunately, fraudsters know how to employ phishing to gain access to game accounts, exploit vulnerabilities in different payment platforms, and create false identities.
Gaming is a global phenomenon, so multiple governments have their own laws and regulations for online platforms focused on gambling and different types of games. In some countries, regulations for online gaming fall under the umbrella of casinos and other gambling laws. Other countries, such as the U.S., regulate gaming and gambling through the Financial Crimes Protection Network (FinCEN) and Internal Revenue Service (IRS). Additionally, several states in the U.S. oversee gaming with their own statutes and regulations.
These governing bodies take a diverse approach to combating identity theft and money laundering. Gaming sites bear the burden of navigating this complicated regulatory landscape, where the penalties for non-compliance can be steep.
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organization’s full potential
Ensure regulatory compliance with Shufti AML
Shufti’s AI-powered AML monitoring ensures compliance with the diverse global network of gaming industry regulations and customer protection laws like the General Data Protection Regulation (GDPR). We continuously screen adverse media databases issued by the Office of Foreign Assets Control (OFAC), Financial Action Task Force (FATF), United Kingdom’s HM Treasury (HMT), among others. Shufti also screens Politically Exposed Persons (PEP) lists and sanctions watchlists to guard against blacklisted players. Shufti is also conversant with both federal and state gaming and gambling laws in the U.S.
Thrive within the vibrant gaming industry
Shufti empowers gaming sites to identify fraudulent entities among potential players from 240+ countries. Our user-friendly interface employs advanced features like multilingual OCR data extraction and real-time identity checks to complete verification within seconds. This creates a faster onboarding experience that enhances customer satisfaction while ensuring your users are all verified adults. Shufti’s suite of transaction monitoring services also allows you to validate players before a transaction takes place, and even restrict players to spending limits after you’ve run affordability checks.
Effectively combat fraud with Shufti’s IDV solution
Comprehensive user verification helps reduce fraudulent activities. Shufti’s powerful IDV solutions help gaming sites prevent a wide range of fraud through document verification and enhanced due diligence (EDD). Shufti's multi-layer authentication also includes facial recognition and liveness detection to defeat identity thieves.
How it works
Facilitate fast ID uploads
Shufti makes it easy for users to upload IDs (e.g. passports, driver’s licenses, and national ID cards) by using OCR data extraction and real-time identity checks to ensure a seamless onboarding experience.
Assess user identity and risk
After users upload their ID documents, Shufti evaluates their identities for any blacklisted players using our AI-driven platform that rapidly delivers results.
Authenticate gamers
Shufti verifies the legitimacy of gamers (and their ages) through detailed checks. Our reach spans over 240 countries and territories and 150+ languages, ensuring global verification that mitigates the risk of fraud.
Perform ongoing AML monitoring
Shufti screens users against global watchlists, PEP lists, and adverse media databases to uphold regulatory standards and ensure a smooth gaming experience.
We hold gaming licenses in 13 U.S. states
MARYLAND
ARIZONA
COLORADO
KENTUCKY
LOUISANA
Massachusetts
MICHIGAN
OHIO
Pennsylvania
Tennessee
VIRGINIA
WEST VIRGINIA
Wyoming
Unlock opportunity with next-generation capabilities
Document Verification
Use advanced data extraction and AI-powered verification to process 10,000+ document types worldwide rapidly.
.Facial Biometrics
Leverage advanced facial mapping and deep fake detection for secure customer identity confirmation and authentication.
.eIDV
Verify customers remotely and paperlessly using e-IDs checked against government databases for quick, accurate results.
.Business AML Screening
Screen businesses against PEP lists, sanctions watchlists and monitor media databases to support know your vendor, trader, or supplier requirements.
.Investor Verification
Quickly and accurately vet investor identities and credentials to establish trust and achieve compliance AML and CFT directives.
.Transaction Trust Screening
Enhance transaction screening with advanced AI and machine learning technology for efficient detection and reduced false positives.
.Take the next steps to better security.
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