quora
Read More about fast-id page

Shufti globally launches webinr-icon - a new kind of identity solution!

Shufti globally launches - a new kind of identity solution!

Read more

Canada’s Federal Government Announces Public Consultation Regarding a New Framework for Digital Identity

n-img-canada

Canada’s government announces public consultation for creating a federally regulated digital identity framework

To address the rise in identity fraud cases and to improve government services, many countries are now thinking about introducing national biometric identity systems. Canada is the most recent nation to join the US in implementing its own version of the Ghanacard. The US government is now considering a law for the adoption of the National biometric ID.

The federal government of Canada has revealed that it is getting ready to have a consultation with the public on a framework for digital identity. On August 5 of this year, the government unveiled its new Digital Ambition 2022, which outlined what it said was “a clear, long-term strategic vision for the Government of Canada to advance digital service delivery, cyber security, talent recruitment, and privacy.”

The Treasury Board of Canada Secretariat (TBS) created the new strategy, which replaces the government’s Digital Operations Strategic Plan: 2021–2024, and “consolidates previous priorities” by taking into account input from its various predecessors. One of the actions outlined in the new strategy is stakeholder engagement. The Treasury Board notes that the page for the “Digital Operations Strategic Plan: 2021-2024” has been archived and won’t be updated.

The new strategy now focuses on the trusted digital identity and the ability of Canadians to prove ID claims more quickly as priority 2.2 identifies, it aims to “build and use secure common solutions for digital service delivery.”

“The COVID-19 pandemic highlighted the need for government services to be accessible and flexible in the digital age,” the document reads

“The next step in making services more convenient to access s a federal Digital Identity Program, integrated with pre-existing provincial platforms.”

The letter restates a Treasury Board directive issued around the end of 2021 to work toward a standard digital identification platform for governmental services. The federal government is “launching public consultations on a federally regulated digital identification framework” and “creating a common and safe framework to digital identity” in order to achieve this.

To handle online interactions with the government, a federal digital identity programme will be formed.

At the recent IdentityNorth summit, Canadian authorities, including Treasury Board President Mona Fortier, made it clear that the nation must speed up the adoption of reliable digital IDs.

Suggested Read: Canada Financial Crimes Agency Questioned on Effectiveness of Anti-Fraud Measures

Related Posts

News

Singapore Proposes Additional AML/CFT Requirements for FIs

Monetary Authority Singapore has issued a consultation paper proposing the scope of AML/CFT to be...

Singapore Proposes Additional AML/CFT Requirements for FIs Explore More

News

FinCEN and FDIC to Test the Effectiveness of Digital ID Verification Tools

Two federal regulators – the FinCEN and FDIC have called for a ‘tech sprint’ to assess the ...

FinCEN and FDIC to Test the Effectiveness of Digital ID Verification Tools Explore More

News

TSB Fined $3.5M on Account of Four AML Breaches

New Zealand’s High Court has fined Trustee Savings Bank (TSB) Ltd NZD 3.5 million following the b...

TSB Fined $3.5M on Account of Four AML Breaches Explore More

News

Peru’s Former and Current President under Investigation for Alleged Money Laundering

Peru’s former and current presidents are under investigation for alleged money laundering a...

Peru’s Former and Current President under Investigation for Alleged Money Laundering Explore More

News

Colombia Releases New Regulations For Crypto Firms Operating in the Country

The Colombian government passed new drafts for the local crypto organisations to continue operati...

Colombia Releases New Regulations For Crypto Firms Operating in the Country Explore More

News

The UK Introduces Beneficial Ownership Register for Overseas Entities

The implementation of the UK government’s Economic Crime (Transparency and Enforcement) Bill has ...

The UK Introduces Beneficial Ownership Register for Overseas Entities Explore More

News

FCA Bans Crypto-Related Investments in the UK

Financial Conduct Authority- FCA had proposed a ban on crypto-related investments in October 2020...

FCA Bans Crypto-Related Investments in the UK Explore More

News

Increasing Money Laundering Fines for Banks After Lockdown

Despite the delays in enforcement activities due to lockdown, the globally issued money launderin...

Increasing Money Laundering Fines for Banks After Lockdown Explore More

News

Uber joins lawsuits to exempt itself from California law

California law effective from today, i.e. Jan 1 is all set to give equal protection to independen...

Uber joins lawsuits to exempt itself from California law Explore More

News

Joint ATO Operation Busts $137m Fraud Ring

The Australian Border Force (ABF) and the Serious Financial Crime Taskforce (SFCT) have jointly i...

Joint ATO Operation Busts $137m Fraud Ring Explore More

News

Japanese financial watchdog frowns on gambling dapps

Regulators in Japan may be more likely to accept new digital currencies for trading if they have ...

Japanese financial watchdog frowns on gambling dapps Explore More

News

UK Mandates Enhanced Due Diligence on High-Risk Jurisdiction

Authorities in the UK rolls our new regulatory measures to perform enhanced due diligence for hig...

UK Mandates Enhanced Due Diligence on High-Risk Jurisdiction Explore More

News

Philippines’ Anti-Money Laundering Counsel Increases AML Measures for Casino Junkets

The Philippines’ Anti-Money Laundering Counsel (AMLC) has stated that it is currently impro...

Philippines’ Anti-Money Laundering Counsel Increases AML Measures for Casino Junkets Explore More

News

Japan to Enforce Strict Anti-Money Laundering Laws on Cryptocurrency

A stringent set of anti-money laundering measures will be implemented in Japan starting June 1st,...

Japan to Enforce Strict Anti-Money Laundering Laws on Cryptocurrency Explore More

News

UAE Convenes Summit on Curbing Money Laundering and Terrorism Financing

The UAE convened an international summit on money laundering and terrorist financing prevention i...

UAE Convenes Summit on Curbing Money Laundering and Terrorism Financing Explore More

News

Fraudsters Seek Fake COVID Test Reports as New Travel Restrictions Roll Out

As the new travel restrictions are imposed to omit the spread of the coronavirus, the fraudsters ...

Fraudsters Seek Fake COVID Test Reports as New Travel Restrictions Roll Out Explore More

News

South Korean Government to Enforce Cryptocurrency Transaction Monitoring in H1 2023

The South Korean government is looking to implement crypto oversight by tracking transactions to ...

South Korean Government to Enforce Cryptocurrency Transaction Monitoring in H1 2023 Explore More

News

EU Parliament Reaches Provisional Agreement on Extending Rules for Crypto Assets

The Council Presidency has reached a provisional agreement with the EU Parliament regarding the r...

EU Parliament Reaches Provisional Agreement on Extending Rules for Crypto Assets Explore More

News

FIAU Fines Crypto Firm €460,000 for Anti-Money Laundering Violations

FIAU (Financial Intelligence Analysis Unit) charged a crypto exchange and broker with a €463,235 ...

FIAU Fines Crypto Firm €460,000 for Anti-Money Laundering Violations Explore More

News

Regulators in Hong Kong Urge Banks to Accept Cryptocurrencies

Hong Kong banks are worried about regulatory repercussions for their crypto clients if money laun...

Regulators in Hong Kong Urge Banks to Accept Cryptocurrencies Explore More

News

EUR 27 Million Worth Crypto Assets Seized by the NCA in Money Laundering Crackdown

NCA seizes crypto assets worth £27m last year in a major money laundering crackdown Although inst...

EUR 27 Million Worth Crypto Assets Seized by the NCA in Money Laundering Crackdown Explore More

News

New Zealand Encounters Spike in Online Identity Theft

Recent research of New Zealand’s financial market has shown a spike of 86 percent in identity fra...

New Zealand Encounters Spike in Online Identity Theft Explore More

News

E-krona – Rising Cashless Sweden Sights Virtual Currency

Less than 10% of all transactions are done with cash in Sweden, according to an analysis by its c...

E-krona – Rising Cashless Sweden Sights Virtual Currency Explore More

News

Ukraine to Scale-up Fight Against Financial Crimes

Ukraine’s Cabinet of Ministers has approved a plan that will strengthen the measures to prevent f...

Ukraine to Scale-up Fight Against Financial Crimes Explore More

News

OSCE Hosts Regional Conference on Combating Money Laundering and Terrorist Financing in South-Eastern Europe

The chairperson of the OSCE for North Macedonia addressed issues of corruption, money laundering,...

OSCE Hosts Regional Conference on Combating Money Laundering and Terrorist Financing in South-Eastern Europe Explore More

News

NAB, Largest Casinos Operators Caught in AUSTRAC’s Wrath

National Australia Bank (NAB) and the two largest casino operators in Australia are under investi...

NAB, Largest Casinos Operators Caught in AUSTRAC’s Wrath Explore More

News

California to Legislate Stronger Children’s Online Safety Bill

Assembly Bill 2273 for children’s online safety and privacy was approved by lawmakers in Ca...

California to Legislate Stronger Children’s Online Safety Bill Explore More

News

UK Convicts 11 Couriers for Conspiring to Launder $124 Million in Cash to Dubai

An investigation conducted by the UK’s National Crime Agency led to the conviction of 11 co...

UK Convicts 11 Couriers for Conspiring to Launder $124 Million in Cash to Dubai Explore More

News

Turkey Mandates NFC-based Identity Verification for Customer Onboarding

Turkey’s regulatory body, Banking Regulation and Supervision Agency (BRSA) has issued new regulat...

Turkey Mandates NFC-based Identity Verification for Customer Onboarding Explore More

News

30 Swiss Banks Failed Money Laundering Regulatory Analysis Test

The Swiss financial regulatory authorities overviewed the security of the banking sector and noti...

30 Swiss Banks Failed Money Laundering Regulatory Analysis Test Explore More

News

MONEYVAL Urges Poland to Improve its AML/CFT Regulatory Framework

MONEYVAL has called upon Polish authorities to improve their regulatory framework and work on str...

MONEYVAL Urges Poland to Improve its AML/CFT Regulatory Framework Explore More

News

European Banking Authority Publishes Final Guidelines on Remote Customer Onboarding

The European Banking Authority (EBA) has issued its final policies on remote customer onboarding ...

European Banking Authority Publishes Final Guidelines on Remote Customer Onboarding Explore More

News

Filipino crypto scammers are impersonating government officials for profit

A Filipino finance entity warns against the supposed crypto Ponzi scheme Bitcoin Revolution, blam...

Filipino crypto scammers are impersonating government officials for profit Explore More

News

Facebook’s Libra is a Failure in its Current Form says Swiss President

According to the Swiss President, the controversial project by Facebook has ‘failed’ in its curre...

Facebook’s Libra is a Failure in its Current Form says Swiss President Explore More

News

IRS And Foreign Tax Enforcers Warn of Increasing Money Laundering Risks in NFTs

The IRS and foreign tax enforcers have issued a warning of the increasing risks of money launderi...

IRS And Foreign Tax Enforcers Warn of Increasing Money Laundering Risks in NFTs Explore More

News

Corrupt Countries Tend to Have a Higher Number of Crypto Users, Says IMF

A recent International Monetary Fund (IMF) study shows that counties that have more corruption ha...

Corrupt Countries Tend to Have a Higher Number of Crypto Users, Says IMF Explore More

News

Coronavirus affects challenger banks as app downloads decline

According to Finbold, top challenger banks in the United Kingdom have noticed a sudden decline in...

Coronavirus affects challenger banks as app downloads decline Explore More

News

Phishing Scams Spike As Holiday Season 2021 Approaches

64% of the top courier companies have insufficient protection against phishing scams and other fr...

Phishing Scams Spike As Holiday Season 2021 Approaches Explore More

News

US Imposes First-Ever Sanctions on Bitcoin Mixer for Money Laundering

The US Treasury recently announced that it has imposed the first-ever sanctions on a bitcoin mixe...

US Imposes First-Ever Sanctions on Bitcoin Mixer for Money Laundering Explore More

News

CFTC Charges South African Pool Operator for BTC Fraud Worth $1.7 Billion

CTFC charges a South African pool operator Steynberg for the largest fraud case in the region inv...

CFTC Charges South African Pool Operator for BTC Fraud Worth $1.7 Billion Explore More

News

UK Government to Introduce Age Verification Laws For Adult Websites

To restrict minors’ access to adult-oriented content, the UK government is working on impos...

UK Government to Introduce Age Verification Laws For Adult Websites Explore More

News

EU Strengthens Capacity of CSOs to Combat Money Laundering & Improve Governance

The European Union (EU) is working on boosting the capacity of more than 200 Civil Society Organi...

EU Strengthens Capacity of CSOs to Combat Money Laundering & Improve Governance Explore More

News

FATF Discloses Outcomes of October Plenary Meeting

The international regulatory authority, Financial Action Task Force (FATF), concluded its fourth ...

FATF Discloses Outcomes of October Plenary Meeting Explore More

News

AML Program Risks Highlighted by the Pandora Papers Scandal

Experts have advised compliance officers to divert their focus on EDD, CDD, and UBO verification ...

AML Program Risks Highlighted by the Pandora Papers Scandal Explore More

News

The Biggest Software Company in the US under Ransomware Attack on Election Night

Tyler Technologies in Plano, Texas, was under a ransomware attack last week. The company sells so...

The Biggest Software Company in the US under Ransomware Attack on Election Night Explore More

News

Vietnam’s Deputy PM Approves National Action Plan for the Prevention of Financial Crime

Vietnam’s Deputy Prime Minister Signed a National Action Plan for the control and prevention of M...

Vietnam’s Deputy PM Approves National Action Plan for the Prevention of Financial Crime Explore More

News

Investment Bank Fined by FCA for Failing with Due Diligence Requirements

An Investment Bank in London, Sapien Captial, has been penalised by the financial regulator, Fina...

Investment Bank Fined by FCA for Failing with Due Diligence Requirements Explore More

News

FCA Warns Against Unregistered Crypto ATM Use

The Financial Conduct Authority (FCA) has begun taking action against unauthorised crypto ATMs in...

FCA Warns Against Unregistered Crypto ATM Use Explore More

News

US Officials Visit Iraq to Lessen Currency Crisis, Says Central Bank Governor

Iraq’s currency may get uplifted after the meeting between the US top treasury officer and the he...

US Officials Visit Iraq to Lessen Currency Crisis, Says Central Bank Governor Explore More

News

UAE Establishes New Federal Authority for “Commercial Gaming” to Control Casino Giants

The UAE government is ready to launch a new federal authority to regulate online lottery business...

UAE Establishes New Federal Authority for “Commercial Gaming” to Control Casino Giants Explore More

News

NAB, Largest Casinos Operators Caught in AUSTRAC’s Wrath

National Australia Bank (NAB) and the two largest casino operators in Australia are under investi...

NAB, Largest Casinos Operators Caught in AUSTRAC’s Wrath Explore More

News

RBI Gives Stark Warning Against Emerging KYC Fraud

RBI states that sensitive details should not be disclosed via unverified or unauthorised channels...

RBI Gives Stark Warning Against Emerging KYC Fraud Explore More

News

UAE Imposes Dh65 Million Worth of AML Fines on 137 Companies

After examining 840 companies, 137 companies failed to comply with anti-money laundering and comb...

UAE Imposes Dh65 Million Worth of AML Fines on 137 Companies Explore More

News

SEC Warns Philippines Companies on Lack of AML Compliance

The Securities Exchange Commission (SEC) warned that it would enforce the Revised Corporation Cod...

SEC Warns Philippines Companies on Lack of AML Compliance Explore More

News

Aussies Bombarded With Scams in 2022 – ACCC Report

The Australian Competition and Consumer Commission (ACCC) reported Aussies as the top target of s...

Aussies Bombarded With Scams in 2022 – ACCC Report Explore More

News

Philippines to Exit FATF Gray List Next Year, Says Governor BSP

Felipe M. Medalla, the governor of BSP, says that the Philippines have one year to exit the FATF ...

Philippines to Exit FATF Gray List Next Year, Says Governor BSP Explore More

News

Uganda Remains on FATF Graylist for Failing to Curb Money Laundering

Uganda is still under the scrutiny of AML/CFT agencies after failing to enforce regulations in NG...

Uganda Remains on FATF Graylist for Failing to Curb Money Laundering Explore More

News

Non-Compliant Banks Can End Up In FATF’s Gray list – Warns Governor of the South African Reserve Bank

Lesetja Kganyago, Governor SARB confirms to the Parliament’s standing committee about the i...

Non-Compliant Banks Can End Up In FATF’s Gray list – Warns Governor of the South African Reserve Bank Explore More

News

Satabank Penalized with €851,000 for Non-Compliance

Financial Intelligence Analysis Unit (FIAU) on Statabank has decided to fine the bank the sum of ...

Satabank Penalized with €851,000 for Non-Compliance 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

US Government Announces Reward for Identifying Sanctioned Russian Assets

The US government has announced financial rewards of up to $5 million for information leading to ...

US Government Announces Reward for Identifying Sanctioned Russian Assets Explore More

News

Bank of Lithuania Revokes License of UK Payments Firm for AML Failures

Transactive Systems Ltd., which processed more than €1 billion of payments every month, has had i...

Bank of Lithuania Revokes License of UK Payments Firm for AML Failures Explore More

News

Google launches a new website to educate people about online scams

Hackers are more active during the COVID-19 outbreak than normal routine, considering which Googl...

Google launches a new website to educate people about online scams Explore More

News

59 Arrested in Vietnam Crackdown on Illegal Crypto Gambling Group

Law enforcement bodies arrested 59 Vietnamese in illicit gambling schemes and were suspected of $...

59 Arrested in Vietnam Crackdown on Illegal Crypto Gambling Group Explore More

News

FATF and EU Delist Bahamas from AML Blacklist

European Union has finally removed Bahamas from its AML blacklist, right after FATF has delisted ...

FATF and EU Delist Bahamas from AML Blacklist Explore More

News

Singapore, Cyprus, and the US Expedite Efforts to Combat Financial Crimes Effectively

Singapore, Cyprus, and the US are stepping up their efforts to curb financial crimes while aiming...

Singapore, Cyprus, and the US Expedite Efforts to Combat Financial Crimes Effectively Explore More

News

Westpac Proven Guilty of Breaching Money Laundering Laws after Commonwealth Bank

Westpac was accused of violating the money laundering laws and counter-terrorism financial allega...

Westpac Proven Guilty of Breaching Money Laundering Laws after Commonwealth Bank Explore More

News

The Corporate Transparency Act is Set to be Implemented in January 2024 Across the Country

The Corporate Transparency Act passed in 2021 is going into enforcement in a few days and will im...

The Corporate Transparency Act is Set to be Implemented in January 2024 Across the Country Explore More

News

Hacker attempts to steal crypto via fake Google Chrome extensions

A hacker is exploiting trust in renowned brands by creating fake cryptocurrency wallet extensions...

Hacker attempts to steal crypto via fake Google Chrome extensions Explore More

News

EU Lawmakers to Decide Ban on Large Crypto Transfers from Self-Hosted Wallets

European Union lawmakers will vote on limiting crypto transfers from self-hosted wallets on March...

EU Lawmakers to Decide Ban on Large Crypto Transfers from Self-Hosted Wallets Explore More

News

FinCEN to Expand GTOs on All-cash Real Estate Purchases to Stop Money Laundering

The Financial Crimes Enforcement Network (FinCEN) has announced the expansion of its GTOs. The ne...

FinCEN to Expand GTOs on All-cash Real Estate Purchases to Stop Money Laundering Explore More

News

Brazilian Police Confiscates $33 M in Crypto Money Laundering Probe

Brazilian authorities have seized R$172 million from an investigation carried out into money laun...

Brazilian Police Confiscates $33 M in Crypto Money Laundering Probe 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