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

    18.97.14.90

    Digital euro successfully tested at the Bank of France

    digital euro successfully

    On May 20, Banque de France announced that France has become the first country to successfully test a digital euro, operational on a blockchain.

    The bank gave a statement that it tested a sale of securities for central bank digital currency (CBDC) on May 14, indicating the start of more robust testing. 

    Although the bank did not provide many details, it did, however, indicate that the current pilot program is directed towards wholesale rather than retail uses for a digital euro. Retail CBDCs would be operational to regular consumers through Bitcoin or Apple Pay. 

    A wholesale CBDC would be the province of banks and institutional players — as the French central bank says, “interbank regulations.”

    This recent pilot of a securities issuance in exchange for a digital euro was based on software received after the bank’s call for applications on March 27. After the recent announcement, the bank, however, will run similar tests in the upcoming weeks on other files received as part of the same initiative.

    Banque de France has been known to be especially active in developing a digital euro. After the departure of the United Kingdom, France will become the second-largest economy in the Eurozone after Germany.

    Related Posts

    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

    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

    Jamaica Shows Significant Progress in Anti-Money Laundering Compliance

    Jamaica impressively complied with 37 recommendations from 40 international Financial Action Task...

    Jamaica Shows Significant Progress in Anti-Money Laundering Compliance Explore More

    News

    Hong Kong’s New Crypto Regulations may Attract Web3 Firms Back

    Hong Kong’s new proposed crypto regulation received Huobi Global’s, a Chinese crypto platform, pl...

    Hong Kong’s New Crypto Regulations may Attract Web3 Firms Back Explore More

    News

    People’s Bank of China to Monitor Metaverse and NFTs

    The Chinese financial watchdogs are all set to expand cryptocurrency crackdown as Gou Wenjun sugg...

    People’s Bank of China to Monitor Metaverse and NFTs 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

    AMLC Reports Steady Rise in Phishing and Hacking Attacks in the Philippines

    The Anti Money Laundering Council (AMLC) has reported a steady rise in phishing and hacking attac...

    AMLC Reports Steady Rise in Phishing and Hacking Attacks in the Philippines Explore More

    News

    Central Bank of Nigeria (CBN) Gives Financial Institutions 30 day Deadline to Close Accounts Without Bank Verification (BVN)

    Financial institutions and banks have been given a 30 days notice period by the Central Bank of N...

    Central Bank of Nigeria (CBN) Gives Financial Institutions 30 day Deadline to Close Accounts Without Bank Verification (BVN) Explore More

    News

    UK Banks and Tech Firms Call on Regulators for Guidance on Tackling Scams

    Banks, tech, and telecom firms in Britain have called on lawmakers and regulators to make it easy...

    UK Banks and Tech Firms Call on Regulators for Guidance on Tackling Scams Explore More

    News

    BC Law Society Holds Honorary Consul of Ukraine Accountable for Failure to Prevent Money Laundering

    BC Law Society holds Ukraine’s Honorary Consul accountable for failing to prevent money launderin...

    BC Law Society Holds Honorary Consul of Ukraine Accountable for Failure to Prevent Money Laundering Explore More

    News

    Businesses at Risk Due to 6AMLD by the European Union

    The European Union imposed the fifth anti-money laundering directive in January 2020, which enhan...

    Businesses at Risk Due to 6AMLD by the European Union Explore More

    News

    Panama’s Supreme Court to Declare Cryptocurrency Legislation

    Panama’s Supreme court to decide whether to modify the “crypto bill” or approve it without amendm...

    Panama’s Supreme Court to Declare Cryptocurrency Legislation Explore More

    News

    New Study by NIST Reveals Biases in Facial Recognition Technology

    The National Institute of Standards and Technology (NIST) recently did a study on the effects of ...

    New Study by NIST Reveals Biases in Facial Recognition Technology Explore More

    News

    Australian Law Council Reports Reveals Risks in Legal Attorney’s AML Measures

    The Australian Law Council revealed a report that shows loopholes in attorneys’ compliance ...

    Australian Law Council Reports Reveals Risks in Legal Attorney’s AML Measures Explore More

    News

    American Gaming Association Updates Best Practices for AML

    The American Gaming Association (AGA) has released updated “Best Practices for Anti-Money Launder...

    American Gaming Association Updates Best Practices for AML Explore More

    News

    Hong Kong Police Arrests 19 Criminals and Halts a US $40.5M Money-Laundering Operation

    Hong Kong Police arrested 19 syndicate members pertaining to money laundering operations, involve...

    Hong Kong Police Arrests 19 Criminals and Halts a US $40.5M Money-Laundering Operation Explore More

    News

    The Ringleader of a Crypto-Ponzi Scheme Arrested After a Flee Attempt

    Mathew Piercey, a Ponzi scheme leader who defrauded $35 million for crypto mining and other inves...

    The Ringleader of a Crypto-Ponzi Scheme Arrested After a Flee Attempt Explore More

    News

    Kinahan Cartel Under Pressure as European Union Places UAE on ‘Blacklist’

    The Kinahan Cartel is under great pressure after the European Union (EU) places the UAE on the ‘b...

    Kinahan Cartel Under Pressure as European Union Places UAE on ‘Blacklist’ Explore More

    News

    Macau to Introduce Digital Currency to Combat AML Threats in Casinos

    Macau is moving towards introducing digital currency to fight money laundering and tax evasion in...

    Macau to Introduce Digital Currency to Combat AML Threats in Casinos Explore More

    News

    Money Laundering Becomes Another Cause of Poverty, Says UN

    According to the latest UN’s report, over 10% of the world’s wealth could be hidden in overseas b...

    Money Laundering Becomes Another Cause of Poverty, Says UN Explore More

    News

    Lloyds Bank Charged with £500K Fine for Breach of Financial Regulatory Standards

    Lloyds Bank corporate markets jersey received a fine of £498,000 in relation to the dealings with...

    Lloyds Bank Charged with £500K Fine for Breach of Financial Regulatory Standards 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

    UK’s financial system claims to survive Coronavirus hit

    Britain’s banks inform investors that they are optimistic that their balance sheets are strong en...

    UK’s financial system claims to survive Coronavirus hit 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

    Vietnam Collaborates with UK to Enhance AML Law Enforcement

    The Vietnam Ministry of Public Security delegation, led by Deputy Minister Lieutenant General, Le...

    Vietnam Collaborates with UK to Enhance AML Law Enforcement Explore More

    News

    Ransomware Attack Exposes 5.8 Million Pharmaceutical Records of PharMerica Corporation

    A breach notification was filed with the Maine Attorney General’s Office for the first time, reve...

    Ransomware Attack Exposes 5.8 Million Pharmaceutical Records of PharMerica Corporation Explore More

    News

    UAE Authorities to Coordinate Efforts Against ML/TF Among NPOs

    The UAE’s Ministry of Community Development and the Financial Intelligence Unit have established ...

    UAE Authorities to Coordinate Efforts Against ML/TF Among NPOs Explore More

    News

    AUSTRAC Partners With UK Counterpart to Fight Fraud

    The financial intelligence agency has announced AUSTRAC has entered a new partnership with a UK c...

    AUSTRAC Partners With UK Counterpart to Fight Fraud Explore More

    News

    FATF Highlights the Increasing Risk of Trade-Based Money Laundering

    FATF- Financial Action Task Force is warning businesses of the risk they face regarding trade-bas...

    FATF Highlights the Increasing Risk of Trade-Based Money Laundering Explore More

    News

    Ripple CEO urges US Regulators to embrace Crypto

    Brad Garlinghouse, CEO Ripple has encouraged the US regulator “to step up and lean into digital c...

    Ripple CEO urges US Regulators to embrace Crypto Explore More

    News

    11 Arrested for Illegal Offshore and Cross-Border Gambling Activities in Macau

    11 people arrested along with businessman Alvin Chau in an investigation of bogus gambling scheme...

    11 Arrested for Illegal Offshore and Cross-Border Gambling Activities in Macau Explore More

    News

    European Union Drafts Crypto Transfer Legislation to Curb Money Laundering

    The European Union has introduced legislation to identify crypto transfers as part of wider anti-...

    European Union Drafts Crypto Transfer Legislation to Curb Money Laundering Explore More

    News

    Banks Ordered by BSP to Enhance the Filing of Suspicious Reports

    MANILA, Philippines – In an attempt to ramp up its fight against financial crimes, the Bang...

    Banks Ordered by BSP to Enhance the Filing of Suspicious Reports Explore More

    News

    Deutsche Bank to Revise its Compliance and Risk Management Functions

    Deutsche Bank is working on reforming its compliance function and risk management measures. The b...

    Deutsche Bank to Revise its Compliance and Risk Management Functions Explore More

    News

    France to Consider Amendment Obliging Crypto Firms to Obtain Licenses

    In January 2023, the French Parliament will consider the amendment to cancel the favorable treatm...

    France to Consider Amendment Obliging Crypto Firms to Obtain Licenses 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

    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

    US Senator Warns ‘a Run on Crypto’ May Need Federal Bailout

    Elizabeth Warren, US Senator and a longtime bitcoin skeptic has shared her views about the upside...

    US Senator Warns ‘a Run on Crypto’ May Need Federal Bailout Explore More

    News

    Australian Bank, Westpac, Accused of 23 Million Money Laundering Breaches

    Australia’s financial intelligence agency, The Australian Transaction Reports and Analysis Centre...

    Australian Bank, Westpac, Accused of 23 Million Money Laundering Breaches 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

    News

    Guyana Completes Money Laundering and Terrorist Financing Report Afore CFATF Assessment

    Guyana has completed its second money laundering and terrorist financing National Risk Assessment...

    Guyana Completes Money Laundering and Terrorist Financing Report Afore CFATF Assessment Explore More

    News

    Media Industry Suffer Huge Increase in Cyber-Attacks

    The media industry is increasingly under the threat of cyberattacks. It suffered 17 billion crede...

    Media Industry Suffer Huge Increase in Cyber-Attacks Explore More

    News

    US Treasury Official Urges Iraq’s Central Bank to Act Against Money Laundering

    The US Treasury officials stated Iraq’s central bank should design new measures to combat the mis...

    US Treasury Official Urges Iraq’s Central Bank to Act Against Money Laundering Explore More

    News

    China’s cyberspace regulators approve 224 blockchain ventures

    China’s Office of the Central Cyberspace Affairs Commission (OCCAC) has recently announced a new ...

    China’s cyberspace regulators approve 224 blockchain ventures Explore More

    News

    UAE Establishes Anti-Money Laundering Bodies to Enhance Global Monitoring

    The United Arab Emirates is enhancing its money monitoring system to combat illicit cash flows, m...

    UAE Establishes Anti-Money Laundering Bodies to Enhance Global Monitoring Explore More

    News

    Poloniex Agrees to Pay $7.6M in Settlement of Sanctions Violations

    In a settlement with the Office of Foreign Asset Control (OFAC), Poloniex LLC, a former subsidiar...

    Poloniex Agrees to Pay $7.6M in Settlement of Sanctions Violations Explore More

    News

    SEC Strengthens the Scrutiny on Money Laundering Activities in Malaya

    SEC (Securities and Exchange Commission) said financial institutions and lenders are now obligate...

    SEC Strengthens the Scrutiny on Money Laundering Activities in Malaya Explore More

    News

    Austrac Warns of Money Laundering Risks Unless More Prosecutions are Conducted

    Austrac has warned the law enforcement agencies in Australia that they must conduct more money la...

    Austrac Warns of Money Laundering Risks Unless More Prosecutions are Conducted Explore More

    News

    FBI Expands its Corruption Unit to Closely Monitor Illicit Activities

    The Federal Bureau of Investigation (FBI) has stepped in, to monitor international corruption by ...

    FBI Expands its Corruption Unit to Closely Monitor Illicit Activities Explore More

    News

    AFM Fines Robeco ​​€2 Million for AML Compliance Failure

    The Netherlands’ financial regulator AFM has fined Robeco €2 million for failing to implement ade...

    AFM Fines Robeco ​​€2 Million for AML Compliance Failure Explore More

    News

    Shanghai police warn citizens to beware of online romance frauds

    Shanghai police are warning people to be aware of Romantic Internet scams in which victims lose a...

    Shanghai police warn citizens to beware of online romance frauds Explore More

    News

    Mauritius to Step Out of FATF Gray List Following Key Regulatory Changes

    Mauritius, which was previously known for being a tax haven, might be out of the FATF’s grey list...

    Mauritius to Step Out of FATF Gray List Following Key Regulatory Changes Explore More

    News

    BC Law Society Holds Honorary Consul of Ukraine Accountable for Failure to Prevent Money Laundering

    BC Law Society holds Ukraine’s Honorary Consul accountable for failing to prevent money launderin...

    BC Law Society Holds Honorary Consul of Ukraine Accountable for Failure to Prevent Money Laundering Explore More

    News

    Austria- The Growing Hub of Cryptocurrency Approves 18 Operating License

    Financial Supervisory Authority like FMA of Austria received requests from forty digital asset pr...

    Austria- The Growing Hub of Cryptocurrency Approves 18 Operating License 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

    US DOJ Files Cases to Stop Russian Money Laundering Networks

    The US DOJ (Department of Justice) filed two cases in the latest action to disrupt money launderi...

    US DOJ Files Cases to Stop Russian Money Laundering Networks Explore More

    News

    US Attorney General Warns about the Identity Theft this Holiday Season

    The Federal Trade Commission states that more than 650,000 citizens’ identities have been comprom...

    US Attorney General Warns about the Identity Theft this Holiday Season Explore More

    News

    EBA revised its guidelines on ML/FT risk factors

    The European Banking Authority (EBA) issued revised money laundering and terrorist funding (ML/TF...

    EBA revised its guidelines on ML/FT risk factors Explore More

    News

    Qatar Takes Steps to Strengthen its AML/CFT and Sanctions Compliance

    A webinar organised by ICC Qatar emphasised the efforts of Qatar to strengthen its AML/CFT and sa...

    Qatar Takes Steps to Strengthen its AML/CFT and Sanctions Compliance Explore More

    News

    Two More Crypto Firms to Shut Down Over EU Money Laundering Regulations

    Two more cryptocurrency firms – mining pool Simplecoin and bitcoin gaming platform Chopcoin...

    Two More Crypto Firms to Shut Down Over EU Money Laundering Regulations 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

    FinCEN Fines Puerto Rican Bank, Bancrédito, $15 Million on BSA Violation

    Puerto Rican bank, Bancrédito, was fined $15 million by the Financial Crimes Enforcement Network ...

    FinCEN Fines Puerto Rican Bank, Bancrédito, $15 Million on BSA Violation Explore More

    News

    DC is the Latest State to Sue Juul over Targeting Minors

    The District of Columbia is now the latest state to sue c-cigarette maker, Juul Labs, saying the ...

    DC is the Latest State to Sue Juul over Targeting Minors 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

    White House Wants COVID Vaccine Passports to be Secure, Private, and Free

    According to the White House, the Federal Government should not be responsible for verifying that...

    White House Wants COVID Vaccine Passports to be Secure, Private, and Free Explore More

    News

    Ghost Coin deployed as payment for vending machines in Hong Kong

    Ghost Coin, the privacy coin headed by John McAfee, can now be installed in vending machines in H...

    Ghost Coin deployed as payment for vending machines in Hong Kong Explore More

    News

    UAE Endorses Legal Framework for Unlicensed Virtual Asset Platforms

    The United Arab Emirates (UAE) issued new strict anti-money laundering regulations for unlicensed...

    UAE Endorses Legal Framework for Unlicensed Virtual Asset Platforms 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

    UAE Arrests Gupta Brothers As Part of Efforts to Combat Money Laundering

    The UAE has arrested the internationally wanted Gupta brothers who were charged for money launder...

    UAE Arrests Gupta Brothers As Part of Efforts to Combat Money Laundering Explore More

    News

    Crypto-Supporting Digital Cards to be Launched Soon in China and Korea

    UnionPay, an analogue for Visa and Mastercard service providers, has partnered with Danal, a Kore...

    Crypto-Supporting Digital Cards to be Launched Soon in China and Korea Explore More

    News

    Central Bank of China Issues Warning of DC/EP Fraud

    China’s Central bank, the People’s Bank of China along with two other regulatory authorities has ...

    Central Bank of China Issues Warning of DC/EP Fraud Explore More

    News

    SFC Finalizes Consultation Conclusions on AML Guidelines

    Updated AML/CFT guidelines are expected to come into effect from 30 September 2021, except for th...

    SFC Finalizes Consultation Conclusions on AML Guidelines 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