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

    us

    3.147.104.221

    Deutsche Bank Pays $130M to Avoid Corrupt Payment Charges

    deutsche-bank-news-image

    Deutsche Bank, a German investment bank, has agreed to pay the fine of $130 million to settle the charges of hiding corrupt payments and bribes.

    Since 2009, the bank has been involved in years of misconduct according to the prosecutors. The bank funneled millions of dollars in bribes and millions related to business development consultants. The German bank has tampered with its record-keeping to misrepresent these expenses. The scheme included the prominent executive members of the banks who conspired to hide the false payments fully knowingly. The U.S act that forbids corrupt foreign practices has regulated the companies from paying bribes overseas. Due to the Deutsche Bank’s violation of the U.S laws, Saudia Arabia, Abu Dhabi, Italy, and China have been spanned.

    Last year, a FinCEN investigation revealed that Deutsche Bank has moved millions of dollars for a Ukrainian oligarch who is now charged with the fraud cases. From a report around the world, Deutsche was one of the banks found profited from powerful global players

    Other than the charges of bribery, prosecutors have disclosed that Deutsche Bank has committed fraud in tampering with the prices of metals over a long time. The bank has pleaded guilty in the settlement and agreed to pay the fine to avert both bribery and fraud allegations.

    Dan Hunter, a Deutsche Bank spokesman said, “We take responsibility for these past actions, which took place between 2008 and 2017, and the bank is determined to put these matters firmly in the past.”

    The agreement in the settlement requires the bank to fix the system that eliminates bribery and other wrongdoings. Recently, such types of agreements have become a way to stop banks from being involved in such misconducts. Deutsche Bank has previously been charged with anti-money laundering charges

    Related Posts

    News

    Legal Challenges Against TikTok for Breaching Child Privacy Policy

    TikTok, the most trending social media application in the present times is facing legal actions f...

    Legal Challenges Against TikTok for Breaching Child Privacy Policy Explore More

    News

    FIU to Audit Crypto Exchanges, Aiming to Reduce Money Laundering

    Financial Intelligence Unit under Financial Services Commission to audit Korea’s cryptocurrency e...

    FIU to  Audit Crypto Exchanges, Aiming to Reduce Money Laundering Explore More

    News

    The Biggest Theft in Crypto History: $600 Million Stolen

    Binance and Tether have also joined the recovery plan to help minimize the consequences of the at...

    The Biggest Theft in Crypto History: $600 Million Stolen Explore More

    News

    SEC Partners with Government Agencies and Philippines Police to Combat Money Laundering

    The SEC signed a data-sharing agreement with the Philippines police and other government agencies...

    SEC Partners with Government Agencies and Philippines Police to Combat Money Laundering Explore More

    News

    “Steer Clear Of Online Shopping Fraud This Holiday Season”, Says Victor Fredung

    Following the FTC’s statement regarding online shopping fraud, Shufti’s CEO Victo...

    “Steer Clear Of Online Shopping Fraud This Holiday Season”, Says Victor Fredung Explore More

    News

    Visa: CBDC is the most important trend in payments

    According to Visa’s Head of Crypto, Central Bank Digital Currencies, or CBDC, seems to be one of ...

    Visa: CBDC is the most important trend in payments Explore More

    News

    After Targeting 30 People, the “Major Identity Theft Player” Got Arrested by MPD

    Roseanna Russell, who the police call ‘mega player’, got caught by the Mobile police. The reports...

    After Targeting 30 People, the “Major Identity Theft Player” Got Arrested by MPD Explore More

    News

    Isle of Man Urged to Take Further Steps to Counter Money Laundering

    The Council of Europe’s anti-money laundering committee has again called for an extension in the ...

    Isle of Man Urged to Take Further Steps to Counter Money Laundering Explore More

    News

    NGOs Advised on Due Diligence to Tackle Terrorism Financing

    The Financial Crimes Commission’s SCUML has advised Non-Governmental Organizations (NGOs) to cond...

    NGOs Advised on Due Diligence to Tackle Terrorism Financing Explore More

    News

    US drug agency failed to properly oversee crypto investigations

    It was published in the IG report, which is an audit of “income-generating, undercover operations...

    US drug agency failed to properly oversee crypto investigations Explore More

    News

    Hong Kong Launches Meta Verse to Combat Crypto Crime

    CyberDefender Metaverse is the first metaverse platform launched by Hong Kong Police to combat cr...

    Hong Kong Launches Meta Verse to Combat Crypto Crime Explore More

    News

    FATF Updates Guidance on Strengthening Beneficial Ownership Information

    The Financial Action Task Force (FATF), in recommendation 24, established the first international...

    FATF Updates Guidance on Strengthening Beneficial Ownership Information Explore More

    News

    CBA Fails to Disclose AML Non-Compliance to Investors, A Court Hears

    A court has heard that the CBA should have informed the market that it may have engaged in “law-b...

    CBA Fails to Disclose AML Non-Compliance to Investors, A Court Hears 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

    Brace for Home Visits, FCA Warns Remote Traders and Bankers

    UK’s Financial Conduct Authority has issued a warning for all hybrid-working financial institutio...

    Brace for Home Visits, FCA Warns Remote Traders and Bankers Explore More

    News

    Facial Recognition Market to Grow 12.5% Annually Through 2024

    According to a new report by Mordor Intelligence, the facial recognition market is expected to gr...

    Facial Recognition Market to Grow 12.5% Annually Through 2024 Explore More

    News

    BitGo settles with US Treasury; Sanctions Violations will Cost $98,830

    The U.S. Treasury has settled with BitGo over costs that it helped users in authorised divisions ...

    BitGo settles with US Treasury; Sanctions Violations will Cost $98,830 Explore More

    News

    Yemen Government Accused of Money Laundering by United Nations

    Monitors of U.N sanctions have accused Yemen’s government of corruption and money laundering. A r...

    Yemen Government Accused of Money Laundering by United Nations Explore More

    News

    The Anti-Money Laundering (AML) Whistleblower Program is Set to Fortify US Anti-Corruption Efforts in 2024

    The Anti-Money Laundering (AML) Whistleblower Program is projected to be a leading U.S. anti-corr...

    The Anti-Money Laundering (AML) Whistleblower Program is Set to Fortify US Anti-Corruption Efforts in 2024 Explore More

    News

    Travel and Leisure Industry is at Peril of Facing Data Breach

    The travel and leisure industry is already facing a difficult time right now, they do not need to...

    Travel and Leisure Industry is at Peril of Facing Data Breach Explore More

    News

    AUSTRAC Teams Up with Pacific to Counter Money Laundering For Enhanced Regional Security

    Australia’s AML Agency AUSTRAC has partnered with the Pacific Financial Intelligence Unit t...

    AUSTRAC Teams Up with Pacific to Counter Money Laundering For Enhanced Regional Security Explore More

    News

    $8M seized, Four Arrested for Money Laundering Activities Across Sydney

    The Sydney law enforcement authorities seized more than $8 million in cash and arrested four crim...

    $8M seized, Four Arrested for Money Laundering Activities Across Sydney Explore More

    News

    The IRS Issues Last Minute-Warning To Avoid Tax Penalties

    A new warning has been issued by the IRS with the introduction of an identity protection pin that...

    The IRS Issues Last Minute-Warning To Avoid Tax Penalties Explore More

    News

    UK to Apply Digital Identity Verification Across Government Services

    Michael Gove, Cabinet Office Minister has written to Whitehall departments about obligating the u...

    UK to Apply Digital Identity Verification Across Government Services Explore More

    News

    Crypto Scams Reach New Heights in 2020 With $24M Stolen So Far

    Whale Alert alleges that crypto scams are skyrocketing so far in 2020.  A report revealed,scammer...

    Crypto Scams Reach New Heights in 2020 With $24M Stolen So Far Explore More

    News

    Natwest Caps Transfer Limit to Binance Over Fraud Concerns

    Natwest bank is scrutinizing cryptocurrency transactions, including Binance transactions, due to ...

    Natwest Caps Transfer Limit to Binance Over Fraud Concerns Explore More

    News

    Non-compliant Crypto Accounts will Face Immediate Closure from Banks – Says CBN

    Nigerian banks are ordered to track and freeze non-compliant crypto accounts, while banks that fa...

    Non-compliant Crypto Accounts will Face Immediate Closure from Banks – Says CBN Explore More

    News

    Bank of Ghana Proposed Guidelines to Strengthen AML/CFT Regulation

    The Bank of Ghana proposed guidelines for banks to enhance the Anti-Money Laundering and Combatin...

    Bank of Ghana Proposed Guidelines to Strengthen AML/CFT Regulation Explore More

    News

    “Steer Clear Of Online Shopping Fraud This Holiday Season”, Says Victor Fredung

    Following the FTC’s statement regarding online shopping fraud, Shufti’s CEO Victo...

    “Steer Clear Of Online Shopping Fraud This Holiday Season”, Says Victor Fredung Explore More

    News

    FATF to Conduct Checks & ‘Gray List’ Countries to Enforce Crypto AML Regulations

    Global financial watchdog FATF has planned to perform checks and ‘grey list’ countries to ensure ...

    FATF to Conduct Checks & ‘Gray List’ Countries to Enforce Crypto AML Regulations Explore More

    News

    Wealthy Americans Targeted by U.S. in Panama Tax-fraud Probe

    Financial authorities in the US obtained a legal mandate to acquire information about wealthy cit...

    Wealthy Americans Targeted by U.S. in Panama Tax-fraud Probe Explore More

    News

    Pinterest Enhances Age Verification Measures to Protect Users Under 16

    Pinterest reveals a new series of security features to make its platforms secure for teens. These...

    Pinterest Enhances Age Verification Measures to Protect Users Under 16 Explore More

    News

    MAS Finalises New Data-sharing Platforms for the Banking Sector

    MAS has developed a new platform that will allow banks to securely share information and warn eac...

    MAS Finalises New Data-sharing Platforms for the Banking Sector 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

    News

    CBN Fines GTBank N128M for Failing to Meet AML and CTF Requirements

    The Central Bank of Nigeria (CBN) has charged Guaranty Trust Bank (GTBank) with N128 million for ...

    CBN Fines GTBank N128M for Failing to Meet AML and CTF Requirements Explore More

    News

    China Raises Penalty, Broadens Scope of AML Laws

    The People’s Bank of China (PBOC) has published a revised draft for the country’s AML law which e...

    China Raises Penalty, Broadens Scope of AML Laws 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

    Chandigarh Cyber Cell Unit Arrested Criminals Involved in Overseas Money Laundering Activities

    A gang of a Chinese national and 20 other people got arrested by Chandigarh Police. Investigation...

    Chandigarh Cyber Cell Unit Arrested Criminals Involved in Overseas Money Laundering Activities Explore More

    News

    Singapore Seizes $736m Worth of Assets in Money Laundering Investigation

    Singapore police have arrested 10 foreigners in the money laundering operation and seized $736m w...

    Singapore Seizes $736m Worth of Assets in Money Laundering Investigation Explore More

    News

    US Sanctions Russian Crypto Firm Over Ransomware Payments

    Suex, a Russian crypto OTC broker, was involved in facilitating ransomware payments and has been ...

    US Sanctions Russian Crypto Firm Over Ransomware Payments Explore More

    News

    Natwest Caps Transfer Limit to Binance Over Fraud Concerns

    Natwest bank is scrutinizing cryptocurrency transactions, including Binance transactions, due to ...

    Natwest Caps Transfer Limit to Binance Over Fraud Concerns Explore More

    News

    Seychelles Upgrade on FATF Recommendation to Strengthen Anti-Money Laundering Measures

    Seychelles has upgraded and implemented 5 FATF recommendations to strengthen anti-money launderin...

    Seychelles Upgrade on FATF Recommendation to Strengthen Anti-Money Laundering Measures Explore More

    News

    FinCEN Warns Banks of Potential Russian Sanctions Evasion

    The Financial Crimes Enforcement Network (FinCEN) has warned banks of possible suspicious practic...

    FinCEN Warns Banks of Potential Russian Sanctions Evasion Explore More

    News

    The Law Society of Kenya Discusses Legalisation for Reporting of AML Cases

    The annual conference of the Law Society of Kenya (LSK) was held at the weekend in Diani, the Pre...

    The Law Society of Kenya Discusses Legalisation for Reporting of AML Cases 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

    Cryptocurrencies marked as top AML and CFT Priority by FinCEN

    FinCEN will soon be publishing regulations on how financial institutions can incorporate cryptocu...

    Cryptocurrencies marked as top AML and CFT Priority by FinCEN Explore More

    News

    Increasing Use of Cryptocurrency for Money Laundering Causes Concern in the Philippines

    The use of cryptocurrency in money laundering is raising alarm for the Philippine Central Cank. T...

    Increasing Use of Cryptocurrency for Money Laundering Causes Concern in the Philippines Explore More

    News

    FinCEN Hires First-Ever Chief Digital Currency Advisor to Curb Crypto Crime

    To eliminate the misuse of cryptocurrencies, Michele Korver has been appointed by FinCEN as the C...

    FinCEN Hires First-Ever Chief Digital Currency Advisor to Curb Crypto Crime Explore More

    News

    Turkey to Face FATF’s Gray List Over Inadequate AML Practices

    FATF is set to grey list Turkey over AML shortcomings, a move that is likely to affect the countr...

    Turkey to Face FATF’s Gray List Over Inadequate AML Practices Explore More

    News

    Dark Web Becomes a Haven for Insurance Fraud

    Dark Web has recently become a growing market for unemployment insurance fraud and fraudsters can...

    Dark Web Becomes a Haven for Insurance Fraud Explore More

    News

    Australian Federal Police Issues Warning on Valentine’s Day Financial Scams

    Australian authorities have warned the public of new Valentine’s Day scams aimed at singles...

    Australian Federal Police Issues Warning on Valentine’s Day Financial Scams Explore More

    News

    FinTech Market Gaining Traction in Asia, Slowing Down in US

    The Financial Technology (FinTech) market is booming in Asia, especially in China according to a ...

    FinTech Market Gaining Traction in Asia, Slowing Down in US Explore More

    News

    Newsman arrested for credit card theft

    A Newport Newsman was arrested due to credit card and identity theft allegations. The arrest was...

    Newsman arrested for credit card theft Explore More

    News

    Art Dealers Urged to Intensify Regulatory Actions Against Money Launderers

    The Department of Justice is establishing new rules to combat financial crimes via the art market...

    Art Dealers Urged to Intensify Regulatory Actions Against Money Launderers Explore More

    News

    Deepfakes on TikTok raise new security concerns

    Deepfakes have started showing up on the popular video app TikTok, owned by ByteDance, a Chinese ...

    Deepfakes on TikTok raise new security concerns Explore More

    News

    Israel Enforces New Regulations for the Transfer of Digital Currency

    The new digital currency regulations will allow Israeli banks to profit from cryptocurrency tradi...

    Israel Enforces New Regulations for the Transfer of Digital Currency Explore More

    News

    France to Test Digital Currency in the First Quarter of 2020

    The digital currency race is building up and every country wants to take part in it. Now, Banque ...

    France to Test Digital Currency in the First Quarter of 2020 Explore More

    News

    France Ranked Among Countries with Effective Measures to Tackle Financial Fraud

    The latest FATF report ranks France among countries that have effective measures in combating fin...

    France Ranked Among Countries with Effective Measures to Tackle Financial Fraud Explore More

    News

    Home Office Reveals 20% of UK Businesses are Affected by Fraud

    An extensive survey of thousands of businesses between 2018 and 2022 determined that one in five ...

    Home Office Reveals 20% of UK Businesses are Affected by Fraud Explore More

    News

    Hong Kong’s SFC Plans to Regulate Digital Asset Trading Platforms

    Hong Kong’s Securities and Future Commission has proposed strict rules for digital asset exchange...

    Hong Kong’s SFC Plans to Regulate Digital Asset Trading Platforms Explore More

    News

    UK watchdogs launch ad-scam alert system to control online fraud

    The United Kingdom Advertising Standards Authority (ASA) and the Internet Advertising Office (IAB...

    UK watchdogs launch ad-scam alert system to control online fraud Explore More

    News

    Crypto Providers at Risk of Money Laundering & Terror Financing, Says FMA

    The Crypto industry was rated high-risk in the latest sector risk assessment (SRA) of the FMA, wh...

    Crypto Providers at Risk of Money Laundering & Terror Financing, Says FMA Explore More

    News

    Cybercriminals demanded $3 million ransom from Travelex

    The hackers behind a cyber attack on a foreign exchange firm Travelex ordered to pay $3 million r...

    Cybercriminals demanded $3 million ransom from Travelex Explore More

    News

    Singapore’s Regulatory Authority Fines US$1.7M to Resorts World Sentosa for Due Diligence Failure

    The gambling operator, Resorts World Sentosa (RWS), was fined by Singapore’s Gambling Regulatory ...

    Singapore’s Regulatory Authority Fines US$1.7M to Resorts World Sentosa for Due Diligence Failure Explore More

    News

    China’s Law Enforcement Authorities Issue Warning Against NFTs to Curb Financial Crimes

    China’s three major banking regulators have issued a warning against non-fungible tokens (NFTs) w...

    China’s Law Enforcement Authorities Issue Warning Against NFTs to Curb Financial Crimes Explore More

    News

    US DOJ Arrests Two in Alleged NFT Money Laundering, Rug Pull Scheme

    The US Department of Justice has arrested two in a $1.1 million non-fungible token fraud and mone...

    US DOJ Arrests Two in Alleged NFT Money Laundering, Rug Pull Scheme Explore More

    News

    Compliance Specialists Remind Letting Agents to Meet HMRC Deadline

    The real estate industry in the UK is being constantly reminded that the deadline for registering...

    Compliance Specialists Remind Letting Agents to Meet HMRC Deadline Explore More

    News

    Monetary Authority of Singapore to Support G20 TechSprint Initiative

    The Monetary Authority of Singapore (MAS), the nation’s central bank and financial regulator, rec...

    Monetary Authority of Singapore to Support G20 TechSprint Initiative Explore More

    News

    HKMA Fines Four Banks with $5.7 Million for AML Failings

    Hong Kong’s financial regulator has imposed fines on four banks with a combined amount of $5.7 mi...

    HKMA Fines Four Banks with $5.7 Million for AML Failings Explore More

    News

    Hong Kong Licenses Crypto Exchanges, Limiting Services to Professional Investors

    Digital currency exchanges in Hong Kong will be obliged to apply for a license prior to offering ...

    Hong Kong Licenses Crypto Exchanges, Limiting Services to Professional Investors Explore More

    News

    Over £1 Million Lost to Covid Business Support Fraud in Leeds

    Leeds City Council papers have shown 74 cases of Covid business support fraud where more than £1 ...

    Over £1 Million Lost to Covid Business Support Fraud in Leeds Explore More

    News

    Latvian State Police Bust a Major Money Laundering Ring

    Latvian State Police has identified and busted a huge criminal gang involved in money laundering....

    Latvian State Police Bust a Major Money Laundering Ring 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