The Top 10  Most Difficult Countries for Identity Verification

The Top 10  Most Difficult Countries for Identity Verification

Download Report

BBB Warns About the Potential Scams Fuelled by the COVID Vaccine Passports

BBB Warns About the Potential Scams Fuelled by the COVID Vaccine Passports

As people around the world are increasingly becoming vaccinated, the concern about the vaccine passport is also rising. New York State has rolled out a digital pass that ensures that people have been either vaccinated or are negative for the COVID-19. However, some states like Texas and Florida are taking steps to make sure that the vaccine passports won’t be used in their jurisdiction. 

Biden’s administration is still considering the management of vaccine passports or whether its usage will be mandated or not. However, some are reminding us that we are already using the document to show proof of the yellow fever vaccination and the COVID-19 vaccination passport will be similar to that.

It is expected that the vaccine passports will become really common soon and keeping this in mind, the Better Business Bureau (BBB) has rolled out a warning about the likelihood of scams that might emerge along with the vaccine passports.

BBB has warned about the possibility of various scams including phishing attack. This attack will pose as an official-looking email from the government officials or the vaccine centres and will steal the personal credentials of the victim. The scammers could also pose as the survey email by the vaccine provider like Pfizer and will bait the victim by offering a gift on completion of the survey. In order to avail the gift offer, the victim will be required to provide their credit card information and through this, they steal their credit card credentials.

Another possibility of scams arises due to people posting the picture of their vaccine passports online. The vaccine passports contain personal information including the SSN number and posting it online will make the scammer’s work easier.

BBB also warns of another scam that comes through the QR code scanner. The vaccine passports will be scanned by phones to analyse the QR code and verify the authenticity of the vaccine passports. Airport authorities are using the digital pass to verify the vaccine passports and detect the QR code manipulation. However, the scammers could use their phones and confuse the victim getting their QR codes scanned through them and taking their information.

BBB has told people to be aware of the scammers selling fake COVID vaccine passports online. People might be interested in buying them to misrepresent themselves as vaccinated but they might end up getting scammed or get caught as the public facilities are using the digital pass to verify the authenticity of the vaccine passport.

Related Posts

News

SRA Fines Oxfordshire Law Firm over Weak AML Controls

The SRA (Solicitors Regulation Authority) has charged £20,000 to an Oxfordshire law firm after id...

SRA Fines Oxfordshire Law Firm over Weak AML Controls Explore More

News

Tech Giant Olympus Hit by Ransomware Attack from ‘BlackMatter’, Successor of DarkSide

More than 40 ransomware attacks have been attributed to BlackMatter, a ransomware-as-a-service gr...

Tech Giant Olympus Hit by Ransomware Attack from ‘BlackMatter’, Successor of DarkSide Explore More

News

Adelaide Casino to Face Court Action Over AML/CTF Violations

AUSTRAC has revealed the beginning of civil penalty proceedings in the Federal Court against SkyC...

Adelaide Casino to Face Court Action Over AML/CTF Violations Explore More

News

Clearview AI will be facing the legal claims after critical NYT report

Clearview AI is an artificial intelligence firm providing facial recognition technology to US law...

Clearview AI will be facing the legal claims after critical NYT report Explore More

News

13K Affected in Third-Party Data Breach at Anthem MaineHealth

A third-party service provider accessed the database of Anthem MaineHealth and obtained patients’...

13K Affected in Third-Party Data Breach at Anthem MaineHealth Explore More

News

SEC Unfolds Strict Regulations to Prevent Financial Crimes in Stock Market

SEC (Securities Exchange Commission) is to implement tough regulations to prevent money launderin...

SEC Unfolds Strict Regulations to Prevent Financial Crimes in Stock Market Explore More

News

Nonprofit Guam Shrine Club Under Fire for Alleged Illegal Gambling and Money Laundering

Seven people, three GSC officers and four other individuals from Guam Shrine Club, a nonprofit or...

Nonprofit Guam Shrine Club Under Fire for Alleged Illegal Gambling and Money Laundering Explore More

News

China’s Fight Against Rampant Telecom Scams – Cracked 5,94000 Cases in Just 15 Months

China has passed a law to prevent telecom and online scams, allowing enforcement agencies to foll...

China’s Fight Against Rampant Telecom Scams – Cracked 5,94000 Cases in Just 15 Months Explore More

News

India to Impose $2.65M Fine and Jail for Violating Cryptocurrency Bill

India’s financial watchdog has proposed a new crypto bill to impose a $2.65M fine and jail for vi...

India to Impose $2.65M Fine and Jail for Violating Cryptocurrency Bill Explore More

News

Swiss Watchdog FINMA Mandates AML Policies on Crypto

The new legislation is trying to combat money-laundering following a series of major scandals in ...

Swiss Watchdog FINMA Mandates AML Policies on Crypto Explore More

News

Real Estate Money Laundering Rises, KCB Dragged to Court for AML Breach

Real Estate development and construction company Tirupati Development Limited has dragged KCB Ban...

Real Estate Money Laundering Rises, KCB Dragged to Court for AML Breach Explore More

News

Bank of Valletta Fined EUR 2.6 Million for UBOs Reporting Failure

FIAU imposed a penalty of EUR 2.6 million on the Bank of Valletta for failing to report Beneficia...

Bank of Valletta Fined EUR 2.6 Million for UBOs Reporting Failure Explore More

News

Foxconn Becomes the Victim of Ransomware Attack

A ransomware attack has impacted an electronic manufacturer, Foxconn, very badly. This attack was...

Foxconn Becomes the Victim of Ransomware Attack Explore More

News

UAE Struggles to Shade Off Grey-List Status as it Continues to Attract More Crypto Firms

The UAE is keen on regaining a good reputation by clearing its name from FATF’s grey list while t...

UAE Struggles to Shade Off Grey-List Status as it Continues to Attract More Crypto Firms Explore More

News

Central Bank of Morocco to Introduce a Comprehensive Crypto Regulation Bill

Morocco’s Central Bank is drafting a set of comprehensive cryptocurrency laws as the digital asse...

Central Bank of Morocco to Introduce a Comprehensive Crypto Regulation Bill Explore More

News

Kenya Flags Betting Jackpots as Possible Avenues for Money Laundering

Kenya has flagged the mega jackpots paid to the punters in the country as the possible avenues fo...

Kenya Flags Betting Jackpots as Possible Avenues for Money Laundering Explore More

News

Cybercrime to Surge in Cryptocurrency Even in Post COVID-19 Economy

According to a report by Kaspersky Lab about cybersecurity and antivirus, in the post-COVID-19 wo...

Cybercrime to Surge in Cryptocurrency Even in Post COVID-19 Economy Explore More

News

China Extends the Regulatory Crackdown to the Fintech Giants

The financial watchdogs in China are rolling out new legislative measures to restrict the finance...

China Extends the Regulatory Crackdown to the Fintech Giants Explore More

News

Rise in Fraud from COVID-19 Bounce Back Loan Scheme

Fraudsters are stealing the money around £400M from taxpayers in the UK through the support loans...

Rise in Fraud from COVID-19 Bounce Back Loan Scheme Explore More

News

Irish Businessmen lost More than €10 Million in Invoice Redirect Fraud

Sophisticated invoice redirect fraud in Ireland has resulted in the loss of €10 Million for busin...

Irish Businessmen lost More than €10 Million in Invoice Redirect Fraud Explore More

News

HEDA Calls for Professional Regulatory Bodies to Sanction Corruption Enablers

The Human and Environmental Development Agenda (HEDA), the leading civic society organization on ...

HEDA Calls for Professional Regulatory Bodies to Sanction Corruption Enablers Explore More

News

UN Warns of Increased Money Laundering Risk from Mekong Casinos

The UN officials claimed transnational criminal gangs are exploiting Southeast Asia’s gaming and ...

UN Warns of Increased Money Laundering Risk from Mekong Casinos Explore More

News

Gibraltar financial watchdog issues warnings for four crypto sites

The Gibraltar Financial Services Commission, or GFSC, on June 5th, issued four public warnings to...

Gibraltar financial watchdog issues warnings for four crypto sites Explore More

News

FATF to Blacklist Myanmar Over Money Laundering Concerns

Myanmar faces a blacklisting threat by a FATF because of AML compliance failure and weak regulati...

FATF to Blacklist Myanmar Over Money Laundering Concerns Explore More

News

Blockchain officially becomes part of China’s tech strategy

According to the National Development and Reform Commission (NDRC), China will use Blockchain to ...

Blockchain officially becomes part of China’s tech strategy Explore More

News

Central Bank of UAE Issues Updated Guidance For Licensed Financial Institutions

CBUAE issues updated guidance for licenced financial institutions on growing risks of money laund...

Central Bank of UAE Issues Updated Guidance For Licensed Financial Institutions Explore More

News

Ransomware attacks three US universities

A ransomware group has successfully stricken three universities within the week. They claim that ...

Ransomware attacks three US universities Explore More

News

Qatar to Develop National Strategies for Combating Financial Crimes

Qatar has developed vigorous strategies to combat expected financial crimes during the FIFA World...

Qatar to Develop National Strategies for Combating Financial Crimes Explore More

News

CBUAE Revokes Dollar Exchange’s Licence over Regulatory Misconduct

The UAE Central Bank has revoked the licence of a dollar exchange house after it failed to keep a...

CBUAE Revokes Dollar Exchange’s Licence over  Regulatory  Misconduct Explore More

News

FinCEN Proposes Extension in Suspicious Activity Reporting Rules

The US Financial Crimes Enforcement Network (FinCEN) issued a Notice of Proposed Rulemaking (NPRM...

FinCEN Proposes Extension in Suspicious Activity Reporting Rules Explore More

News

The Age Verification Software Market to Experience Tremendous Growth by 2025

The increasing number of scams in today’s virtual world needs a better verification system. Prote...

The Age Verification Software Market to Experience Tremendous Growth by 2025 Explore More

News

Singapore Central Bank to Utilize AI Technology to Combat Money Laundering

The Monetary Authority Singapore (MAS) seeks to utilise AI technology to bolster the security of ...

Singapore Central Bank to Utilize AI Technology to Combat Money Laundering Explore More

News

Real Estate is Becoming a Primary Target for Money Launderers in the UK

According to a government report, Luxury London homes are a new method to launder illicit funds. ...

Real Estate is Becoming a Primary Target for Money Launderers in the UK Explore More

News

Croatian Finance Ministry Proposes New Bill to Combat Money Laundering

The Croatian Finance Ministry has introduced a new bill for state institutions to monitor the ban...

Croatian Finance Ministry Proposes New Bill to Combat Money Laundering Explore More

News

Standard Chartered Is Fined $13.6 Million by India’s AML agency

Standard Chartered Bank is fined $13.6 million by India’s anti-money laundering agency for 2007 d...

Standard Chartered Is Fined $13.6 Million by India’s AML agency Explore More

News

Liberian Ministers Allegedly Laundering Money Using Foreign Lobbying Contracts, Investigation Reveals

Liberia, one of the poorest countries in the world, is said to spend an enormous and highly suspi...

Liberian Ministers Allegedly Laundering Money Using Foreign Lobbying Contracts, Investigation Reveals Explore More

News

Singapore Police Warn Citizens of Prevailing SMS Phishing Scams

The Singapore Police Force has warned citizens about SMS fraud targeting people with similar send...

Singapore Police Warn Citizens of Prevailing SMS Phishing Scams Explore More

News

New AML Reforms ‘Tranche 1.5’ Take Effect in Australia

In an attempt to streamline customer verification and correspondent banking, AUSTRAC has issued r...

New AML Reforms ‘Tranche 1.5’ Take Effect in Australia Explore More

News

Crypto Bank Anchorage Has Inadequate AML Measures, Says US Federal Regulator

A US federal regulator has said that the first federally-chartered digital asset bank Anchorage D...

Crypto Bank Anchorage Has Inadequate AML Measures, Says US Federal Regulator Explore More

News

FATF says governments ineffective in stopping money-laundering

According to David Lewis, Executive Secretary, Financial Action Task Force (FATF), governments ar...

FATF says governments ineffective in stopping money-laundering Explore More

News

India to Introduce Physical Cryptocurrency Bank Branches

India has been rapidly adopting the changes in the digital world and introducing physical banks f...

India to Introduce Physical Cryptocurrency Bank Branches Explore More

News

UN Warns of Increased Money Laundering Risk from Mekong Casinos

The UN officials claimed transnational criminal gangs are exploiting Southeast Asia’s gaming and ...

UN Warns of Increased Money Laundering Risk from Mekong Casinos Explore More

News

House Bill Passed in Philippine to Enforce AML LAW

House of Representatives has approved legal amendments to regulate the developers, metal dealers,...

House Bill Passed in Philippine to Enforce AML LAW Explore More

News

FATF Issues Guidance for AML/CFT Digitization of FIUs

FATF published a report in collaboration with the Egmont group discussing why and how FIUs should...

FATF Issues Guidance for AML/CFT Digitization of FIUs Explore More

News

UAE Struggles to Shade Off Grey-List Status as it Continues to Attract More Crypto Firms

The UAE is keen on regaining a good reputation by clearing its name from FATF’s grey list while t...

UAE Struggles to Shade Off Grey-List Status as it Continues to Attract More Crypto Firms Explore More

News

USAA Fined $140 Million for Inadequate Anti-Money Laundering Measures

Two federal regulatory authorities have fined USAA a collective $140 million for failure to imple...

USAA Fined $140 Million for Inadequate Anti-Money Laundering Measures Explore More

News

Cyprus to Test UBO Registration System for AML Compliance

The government of Cyprus has indicated it will test a system for registering ultimate beneficial ...

Cyprus to Test UBO Registration System for AML Compliance Explore More

News

FIAU Fines iGaming Company Approximately €236,789 for Money Laundering

The Financial Intelligence Analysis Unit has ordered a Malta-based remote gaming operator to pay ...

FIAU Fines iGaming Company Approximately €236,789 for Money Laundering Explore More

News

United Nations Ranks Kenya at Position 24 in the Dirty Money Business

Every year, the United Nations conducts surveys on how the countries are performing. One of the U...

United Nations Ranks Kenya at Position 24 in the Dirty Money Business Explore More

News

Consumers Lost €15.6M to Impersonation, Investment, and Romance Scams

Approximately 70% of Irish consumers have been targeted by some form of identity scam, according ...

Consumers Lost €15.6M to Impersonation, Investment, and Romance Scams Explore More

News

HKMA Issues Guide for Regtech Adoption in Customer Monitoring

The second guide published by the HKMA will allow banks to test their internal measures and infra...

HKMA Issues Guide for Regtech Adoption in Customer Monitoring Explore More

News

New RBI Guideline: Must Perform Due Diligence for Crypto Transactions

In the latest banking news in India, notable banks were found to have cautioned their customers a...

New RBI Guideline: Must Perform Due Diligence for Crypto Transactions Explore More

News

FSRA Imposed a Dh 1.32 Million Fine on Wise Nuqud Ltd for AML Failings

FSRA imposed a Dh 1.32 million fine on Wise Nuqud for AML failings. Wise cooperated in the invest...

FSRA Imposed a Dh 1.32 Million Fine on Wise Nuqud Ltd for AML Failings Explore More

News

EU Freezes $130 Million Worth of Assets Linked to Money Laundering in Lebanon

France, Germany, and Luxembourg have seized the properties and frozen assets worth $130 million l...

EU Freezes $130 Million Worth of Assets Linked to Money Laundering in Lebanon Explore More

News

COVID-19: Banks and mobile companies join to block texting scams

The banking and mobile phone industries are declaring advancement in the face of a rise in so-cal...

COVID-19: Banks and mobile companies join to block texting scams Explore More

News

BSP Warns Banks Against Auto Loan Fraud

According to BSP, organized crime groups are using fake identities to sell vehicles under fake li...

BSP Warns Banks Against Auto Loan Fraud Explore More

News

FinTech and InsureTech Booms in Israel as $120M Raised for Investments

FinTLV, a fund based in Tel Aviv, has announced that it has collected $120 million worth of funds...

FinTech and InsureTech Booms in Israel as $120M Raised for Investments Explore More

News

Australian Defense Department Hit by Ransomware Attack

Australian Defence Department has been hit by a ransomware attack. No information about former or...

Australian Defense Department Hit by Ransomware Attack Explore More

News

BNM Issues New Policy For Remote Corporate Customer Onboarding

BNM has issued a new policy document that permits MSBs to onboard customers remotely in the corpo...

BNM Issues New Policy For Remote Corporate Customer Onboarding Explore More

News

Anti-Money Laundering Rules Hit Backpacker Bank Accounts

Working holiday visa holders have been reported to have difficulty obtaining bank accounts due to...

Anti-Money Laundering Rules Hit Backpacker Bank Accounts Explore More

News

Korea FSC Confirms Plans for Crypto-focused Bureau at KoFIU

According to the FSC, the crypto-focused bureau will improve the transparency in virtual asset tr...

Korea FSC Confirms Plans for Crypto-focused Bureau at KoFIU Explore More

News

Major Law Enforcement Operation Seizes 300 Crime Rings, Millions In Crypto Recovered

Millions in crypto seized, 300 criminal syndicates raided and arrested.  In today’s financial cri...

Major Law Enforcement Operation Seizes 300 Crime Rings, Millions In Crypto Recovered Explore More

News

Interpol Seizes $130M Worth of Virtual Assets from Cybercriminals Worldwide

The International Criminal Police Organization Interpol has seized $130 million worth of virtual ...

Interpol Seizes $130M Worth of Virtual Assets from Cybercriminals Worldwide Explore More

News

FBI Springfield Warns of Growing Fraud Targetting the Elderly

The FBI has warned people of growing elderly fraud.  As per the Internet Crime Complaint Center&#...

FBI Springfield Warns of Growing Fraud Targetting the Elderly Explore More

News

Hong Kong further strengthens its Cryptocurrency regulations

Paul Chan, the Financial Secretary of Hong Kong, stated that the country was considering to stren...

Hong Kong further strengthens its Cryptocurrency regulations Explore More

News

Monetary Authority of Singapore to Take Tougher Action Against Data Breaches

To address the data privacy concern, MAS has recommended that data privacy offences should be mad...

Monetary Authority of Singapore to Take Tougher Action Against Data Breaches Explore More

News

China Enhances AML Obligations to Combat Money Laundering

Chinese authorities have released the latest guidelines to enhance security in the financial sect...

China Enhances AML Obligations to Combat Money Laundering Explore More

News

FinCEN Releases Final Rule to Implement Beneficial Ownership Reporting Requirements

US Treasury Department’s FinCEN has issued a highly anticipated final rule for the implementation...

FinCEN Releases Final Rule to Implement Beneficial Ownership Reporting Requirements Explore More

News

Financial Watchdogs Flags Crypto Mixer Stoking as a Potential Risk For Money Laundering

Cryptocurrencies are highly criticized by financial watchdogs and governments for potential risk ...

Financial Watchdogs Flags Crypto Mixer Stoking as a Potential Risk For Money Laundering Explore More

News

Coincheck customers fall victim to a data breach

In 2018, Coincheck, the Japanese firm, fell victim to probably the largest cryptocurrency hack in...

Coincheck customers fall victim to a data breach Explore More

News

ODJFS Makes Efforts Against Fraud Schemes, Calling for Improved Safeguards

The Ohio Department of Jobs and Family Services (ODJFS) has estimated that approximately $506 mil...

ODJFS Makes Efforts Against Fraud Schemes, Calling for Improved Safeguards Explore More

News

New Guidelines for Workers Will Deter Fraud in Nigeria’s Financial Sector – Says ASSBIFI

As per the Association of Senior Staff of Banks, Insurance, and Financial Institutions (ASSBIFI),...

New Guidelines for Workers Will Deter Fraud in Nigeria’s Financial Sector – Says ASSBIFI 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