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

    216.73.216.50

    EU Suggests Blacklisting UAE Following “Dubai Uncovered” Leaks

    eu suggest blacklisting

    The EU has suggested blacklisting UAE under the “Dubai Uncovered” leaks depicting how sanctioned Russian oligarchs, and corrupt officials have illegal luxury properties in Dubai. 

    The European parliamentarian members have proposed to blacklist the United Arab Emirates as the investigation of “Dubai Uncovered” leaks has unveiled revelations of criminals, Russian politicians, sanctioned oligarchs and corrupt who have illegally invested their ill-gotten money into luxury properties in Dubai. 

    Last week, OCCRP and other 20 investigative journalists played an integral part in uncovering these illicit crimes. Based on a 2020 leak by the Center For Advanced Defense Studies (C4ADS), the “Dubai Uncovered” investigation has drawn the attention of the EU politicians about the implementation of tougher anti-money laundering (AML) measures to be taken by the UAE, lest the elective monarchy face sanctions on par with countries like North Korea. 

    Luxury villas and apartments were disclosed in the Dubai Uncovered revelations that were owned by drug smugglers and corrupt officials. Investments in the Dubai real estate market were also found made by several Russian oligarchs. 

    The UAE Embassy in Oslo commented in this regard to the Norwegian outlet E24 that the accusations made about the Dubai property ownership are totally imprecise. Further exertion was shown on how UAE strictly stays in compliance with the regulatory measures for preventing financial crimes. 

    EU parliamentarian Markus Ferber from the European People’s Party (EPP) while contradicting the statement said “United Arab Emirate has very loose anti-money laundering (AML) provisions as it has once again been made clear by the “Dubai Uncovered” investigation.”

    Ferber, a deputy financial policy spokesperson of the European parliamentary subcommittee on tax affairs, stated “The next time the European Union revises its sanctioned countries list, they must overlook the UAE as it poses a strong case which cannot be avoided for putting UAE on that list”.

    Support was drawn from the lawmakers of the Green and Social Democrats, as well as Liberal MPs on the “Dubai Uncovered” revelations for blacklisting UAE and taking immediate action for dealing with this matter while submitting a letter to the EU Commissioner for Financial Stability Mairead McGuinness last Wednesday. 

    Suggested Read: UAE Central Bank Issues New Anti-Money Laundering Guidelines

    Related Posts

    News

    Bank of England Introduces New Regulatory Approach for Crypto

    The Bank of England is formulating the UK’s first regulatory framework for crypto assets and stat...

    Bank of England Introduces New Regulatory Approach for Crypto 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

    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

    Saudi Central Bank Instruct Banks to Combat Financial Crimes

    According to the Central Bank of Saudi Arab, the fraudulent operations are linked with the money ...

    Saudi Central Bank Instruct Banks to Combat Financial Crimes Explore More

    News

    Crypto Services Approved Under AMLD5 Regulations by the Dutch Central Bank

    De Nederlandsche Bank NV (DNB) has permitted AMDAX BV the Central Bank of Netherlands to operate ...

    Crypto Services Approved Under AMLD5 Regulations by the Dutch Central Bank 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

    California to Reopen its Economy with COVID Vaccine and Testing Requirements

    After more than a year of COVID-19 restrictions, the State of California to finally reopen its ec...

    California to Reopen its Economy with COVID Vaccine and Testing Requirements Explore More

    News

    US Authorities Impose Anti-Money Laundering Crackdown on Offshore Lenders

    The US Financial Crimes Enforcement Network (FinCEN) threatened offshore lenders with Anti-Money ...

    US Authorities Impose Anti-Money Laundering Crackdown on Offshore Lenders Explore More

    News

    EU, UK and US Blame Russia for Cyberattacks on Internet Service Providers

    Accusations were imposed on Russia due to the recent disastrous cyberattacks on the European sate...

    EU, UK and US Blame Russia for Cyberattacks on Internet Service Providers Explore More

    News

    FirstBank of Nigeria Continues Commitment to Combating Money Laundering

    Chief Executive Officer of the First Bank Group of Nigeria Limited, Dr. Adesola Adeduntan, noted ...

    FirstBank of Nigeria Continues Commitment to Combating Money Laundering Explore More

    News

    EBA Restricts Diamantaires from Banking Services to Curb ML/TF Risk

    Financial institutions restricting diamond dealers from banking services to comply with EU’s 2015...

    EBA Restricts Diamantaires from Banking Services to Curb ML/TF Risk Explore More

    News

    President Biden Takes the Reins with Halting Digital Assets’ Rule Making

    Regulatory proposal regarding digital assets has been frozen by President Joe Biden. Biden took h...

    President Biden Takes the Reins with Halting Digital Assets’ Rule Making Explore More

    News

    Nigerian Crypto Firms Adopts KYC Measures to Comply with CBN’s Directives

    The Nigerian crypto exchanges have started complying with the directives provided by the Central ...

    Nigerian Crypto Firms Adopts KYC Measures to Comply with CBN’s Directives Explore More

    News

    Vietnam’s Ministry Concerned About the Risks Attached to Crypto Trading

    The Finance Ministry in Vietnam has declared that cryptocurrencies have no legal framework in the...

    Vietnam’s Ministry Concerned About the Risks Attached to Crypto Trading Explore More

    News

    Homeland Security Wants Facial Recognition For All Entering or Leaving US

    The federal government is considering changing airport security in a major way. Facial recognitio...

    Homeland Security Wants Facial Recognition For All Entering or Leaving US Explore More

    News

    WhatsApp Receives Fine Worth $267m for Breaching EU’s Data Privacy Law

    Ireland’s Data Protection Commission has stated that WhatsApp failed to inform EU citizens suffic...

    WhatsApp Receives Fine Worth $267m for Breaching EU’s Data Privacy Law Explore More

    News

    African Federal Government Urges Collaboration to Combat Money Laundering and Terrorist Financing

    The African Federal Government stressed the urgent teamwork needed to combat money laundering, te...

    African Federal Government Urges Collaboration to Combat Money Laundering and Terrorist Financing Explore More

    News

    European Parliament Members Adopt New Recommendations to fight Tax Fraud and Money Laundering

    The parliament members adopted a comprehensive set of regulations stemming from the previous reco...

    European Parliament Members Adopt New Recommendations to fight Tax Fraud and Money Laundering Explore More

    News

    Central Bank of Bangladesh Concerns Over Data Submission Delays and Abnormalities

    The Central Bank of Bangladesh has raised concerns over licensed bank dealers for late submission...

    Central Bank of Bangladesh Concerns Over Data Submission Delays and Abnormalities Explore More

    News

    Lawrence man indicted of identity theft found guilty

    BOSTON (AP) — A man charged with using another person’s Social Security number to illegally obtai...

    Lawrence man indicted of identity theft found guilty Explore More

    News

    FATF Issues New BO Requirements to Address Pandora Papers

    While addressing the Pandora Papers, the Paris-based global financial watchdog, FATF, has issued ...

    FATF Issues New BO Requirements to Address Pandora Papers 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

    DHS 19.5 Million Fine Imposed on UAE Banks for AML Failings

    The Central Bank has imposed Dhs 19.5 million fine on UAE’s banks for shortcomings in the AML fra...

    DHS 19.5 Million Fine Imposed on UAE Banks for AML Failings Explore More

    News

    SA Government Passes New Legislation to Avoid FATF Gray list

    South African government has passed two crucial legislations to prevent potential greylisting by ...

    SA Government Passes New Legislation to Avoid FATF Gray list Explore More

    News

    US Rated as The Most Secretive Financial Jurisdiction in the World

    The US has been ranked the most secretive financial jurisdiction in the world due to deterioratio...

    US Rated as The Most Secretive Financial Jurisdiction in the World Explore More

    News

    Star Entertainment Group Experiences $1.26B Loss after Money Laundering Investigation

    Star Entertainment Group experienced a major loss of $1.26 billion during the first half of 2023,...

    Star Entertainment Group Experiences $1.26B Loss after Money Laundering Investigation Explore More

    News

    Local Election Officials’ Emails Could be at risk for phishing attempts

    Cybersecurity firm Area 1 found 666 of 10,000 election workers used personal email accounts Accor...

    Local Election Officials’ Emails Could be at risk for phishing attempts Explore More

    News

    UAE talks about developments in combatting the financing of terrorism

    The NAMLCFTC inaugurated its second discussion on March 4 2021 and approved countermeasures that ...

    UAE talks about developments in combatting the financing of terrorism Explore More

    News

    Estonia’s New AML/CFT Regulatory Regime Sparks 80% Downfall in Licensed Crypto Firms

    Since May 2023, Estonia’s updated crypto AML/CFT regulations have resulted in an 80% reduction in...

    Estonia’s New AML/CFT Regulatory Regime Sparks 80% Downfall in Licensed Crypto Firms Explore More

    News

    Internet infrastructure industry plans on ensuring internet trust amidst COVID-19 outbreak

    As a global crisis emerges due to the Coronavirus outbreak, and global population practices socia...

    Internet infrastructure industry plans on ensuring internet trust amidst COVID-19 outbreak Explore More

    News

    Australian Senate to Examine the Scope & Impact of AML/CFT on DNFBPs

    The Australian Senate’s inquiry will be examining the impact of bringing DNFBPs under the AML/CFT...

    Australian Senate to Examine the Scope & Impact of AML/CFT on DNFBPs Explore More

    News

    SriLankan Government to Enforce Money Laundering Law to Restrict Illicit Flow of Money

    The current scenario of the Sri Lankan currency’s downfall has become a reason for money la...

    SriLankan Government to Enforce Money Laundering Law to Restrict Illicit Flow of Money Explore More

    News

    7 UAE Law Firms Penalized in Anti-money Laundering Violations

    Around 100,000 dirhams have been fined to 7 law firms in UAE for disregarding anti-money launderi...

    7 UAE Law Firms Penalized in Anti-money Laundering Violations Explore More

    News

    Massive Cyberattack on Australia Uses Cryptojacking Exploits

    According to the Australian Cyber Security Centre, a group of “state actors” hacked Australian ne...

    Massive Cyberattack on Australia Uses Cryptojacking Exploits Explore More

    News

    UK and UAE Take Steps in Joint Efforts to Combat Money Laundering

    In the UAE-UK Partnership to Tackle Illicit Financial Flows, the two countries are in talks about...

    UK and UAE Take Steps in Joint Efforts to Combat 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

    UK to Set up CBDC Taskforce to Analyze the Possibility of ‘Britcoin’

    The Bank of England along with the British Government plans to set up a task force to create digi...

    UK to Set up CBDC Taskforce to Analyze the Possibility of ‘Britcoin’ Explore More

    News

    South Korea Seizes $47M Worth of Crypto from Tax Evaders

    South Korean officials have seized $47 million in cryptocurrency from 12,000 individuals accused ...

    South Korea Seizes $47M Worth of Crypto from Tax Evaders Explore More

    News

    UK Gambling Commission Charges Kindred Brand $8.7M over AML Shortcomings

    The UK Gambling Commission has charged the Kindred Group with a hefty £4.19-million (US$5.15 mill...

    UK Gambling Commission Charges Kindred Brand $8.7M over AML Shortcomings Explore More

    News

    Updated Crypto AML Rule in South Korea Set to Take Effect from 25th March

    South Korea’s official financial regulatory body, the Financial Services Commission (FSC), announ...

    Updated Crypto AML Rule in South Korea Set to Take Effect from 25th March Explore More

    News

    Gaming & Investment Firms in Malta Penalised with €4.6M for AML Failures

    The financial intelligence Analysis Unit has issued an annual report that shows that the total fi...

    Gaming & Investment Firms in Malta Penalised with €4.6M for AML Failures Explore More

    News

    The Bahamas to Launch a Payment Card for Central Bank Digital Currency

    Bahamas’ Central Bank has joined hands with Mastercard and digital payment startup Island Pay to ...

    The Bahamas to Launch a Payment Card for Central Bank Digital Currency Explore More

    News

    After China, Japanese Officials Considering to Introduce Digital Currency too

    China has begun trials for its digital assets and issued 10 million yuan last week. The efforts o...

    After China, Japanese Officials Considering to Introduce Digital Currency too Explore More

    News

    UK to Set up CBDC Taskforce to Analyze the Possibility of ‘Britcoin’

    The Bank of England along with the British Government plans to set up a task force to create digi...

    UK to Set up CBDC Taskforce to Analyze the Possibility of ‘Britcoin’ Explore More

    News

    UK’s National Audit Claims FCA Takes Slow Crypto Enforcement Actions

    The UK’s National Audit stated that the Financial Conduct Authority (FCA) has all the rights to c...

    UK’s National Audit Claims FCA Takes Slow Crypto Enforcement Actions Explore More

    News

    “Illicit Actors are Turning to E-commerce as a Money Laundering Tool” UAE Central Bank Discloses

    The United Arab Emirates central bank sees increased risks of illicit financial flows emerging fr...

    “Illicit Actors are Turning to E-commerce as a Money Laundering Tool” UAE Central Bank Discloses Explore More

    News

    Regulators Criticise Deutsche Bank over Forex Mis-selling Probe

    ECB and BaFin have told Deutsche Bank that they are “not satisfied” with its probe into mis-selli...

    Regulators Criticise Deutsche Bank over Forex Mis-selling Probe Explore More

    News

    Combating COVID-19: Dubai warns of $10 million loan scheme fraud

    A recent scam has emerged in Dubai which involves a $10 million loan for young entrepreneurs and ...

    Combating COVID-19: Dubai warns of $10 million loan scheme fraud Explore More

    News

    FinCEN Shutting the Channels of Financial Crimes Directed through Shell Companies

    A major path of money laundering and tax evasion has been shut off by FinCEN with their new regul...

    FinCEN Shutting the Channels of Financial Crimes Directed through Shell Companies Explore More

    News

    FIAU Imposes €60,000 Fine on Audit Firm for AML Failings

    €60,000 fine imposed on an audit company, for failing to report money laundering and suspected ta...

    FIAU Imposes €60,000 Fine on Audit Firm for AML Failings Explore More

    News

    FCA Fines ADM Investors for Violating Anti-Money Laundering Regulations

    The UK regulatory department Financial Conduct Authority (FCA) fined $7.9 million to the commodit...

    FCA Fines ADM Investors for Violating Anti-Money Laundering Regulations Explore More

    News

    Taiwan’s Security Watchdog is Set to Regulate Local Crypto Industry to Prevent Money Laundering

    Taiwan’s top financial regulator is set to become the primary oversight body to monitor the...

    Taiwan’s Security Watchdog is Set to Regulate Local Crypto Industry to Prevent Money Laundering Explore More

    News

    UAE’s AML Body Adopts Regulatory Framework for Virtual Assets

    The new rule for virtual assets has been devised in accordance with the crypto travel rule issued...

    UAE’s AML Body Adopts Regulatory Framework for Virtual Assets Explore More

    News

    UK Announces New Legislation to Regulate Crypto Assets Industry

    The UK’s government has developed its first legal framework for cryptocurrency trading and ...

    UK Announces New Legislation to Regulate Crypto Assets Industry Explore More

    News

    Taiwan Finalise New Regulations for Offshore Crypto Exchanges

    Taiwan is set to disclose new obligations for offshore crypto exchange companies, with rigid Anti...

    Taiwan Finalise New Regulations for Offshore Crypto Exchanges Explore More

    News

    MAS Imposed a Fine of $375,000 on UOB Kay Hian For Business Conduct Compliance Failures

    The Monetary Authority of Singapore (MAS) imposed a fine of S$375,000 on UOB Kay Hian, a brokerag...

    MAS Imposed a Fine of $375,000 on UOB Kay Hian For Business Conduct Compliance Failures Explore More

    News

    Sri Lanka removed from the high-risk money-laundering list

    COLOMBO – Sri Lanka was recently removed from the list of high-risk countries for money lau...

    Sri Lanka removed from the high-risk money-laundering list Explore More

    News

    Jamaica Plans Digital Marketplace to Trigger CBDC Adoption

    Jamaica Observer reported that the CBDC project would improve performance metrics related to JAM-...

    Jamaica Plans Digital Marketplace to Trigger CBDC Adoption Explore More

    News

    Conveyancers Used for Laundering Millions of Pounds across the UK

    Government warns that hundreds of millions of pounds are being laundered by criminals across the ...

    Conveyancers Used for Laundering Millions of Pounds across the UK Explore More

    News

    US government favours a hands-off approach to AI’s regulation

    The white house listed 10 principles that federal agencies should consider when drafting laws and...

    US government favours a hands-off approach to AI’s regulation Explore More

    News

    Betting and Gambling Council Host AML Training for Gambling Industry

    During the Gambling Anti-Money Laundering Group (GAMLG) training day on September 6th, the Bettin...

    Betting and Gambling Council Host AML Training for Gambling Industry Explore More

    News

    British Government Prepares Task Force to Halt Financial Crimes

    After observing a 70% increase in push-payment fraud, the UK’s government has devised a tas...

    British Government Prepares Task Force to Halt Financial Crimes Explore More

    News

    AUSTRAC to Audit Three Bell Financial Group Entities to Evaluate AML/CFT Compliance

    AUSTRAC has called for the audit of three entities under the Bell Financial Group, including Bell...

    AUSTRAC to Audit Three Bell Financial Group Entities to Evaluate AML/CFT Compliance Explore More

    News

    Central Bank of Bangladesh Concerns Over Data Submission Delays and Abnormalities

    The Central Bank of Bangladesh has raised concerns over licensed bank dealers for late submission...

    Central Bank of Bangladesh Concerns Over Data Submission Delays and Abnormalities Explore More

    News

    UAE to Demonstrate Effective Financial Crime Prevention to be Removed From FATF Gray List

    The economic secretary of the UK recently stated (April 25th, 2023) that the United Arab Emirates...

    UAE to Demonstrate Effective Financial Crime Prevention to be Removed From FATF Gray List Explore More

    News

    Brazilian Police Block Crypto Assets Due to Suspected Fraud

    Brazilian police have requested the court to block the virtual assets of suspected digital tradin...

    Brazilian Police Block Crypto Assets Due to Suspected Fraud Explore More

    News

    Hackers Leak Stolen Patient Data After Ransomware Attack on Medibank

    Medibank has warned its customers to be extra cautious after hackers started disclosing private m...

    Hackers Leak Stolen Patient Data After Ransomware Attack on Medibank Explore More

    News

    UAE Central Bank Fines Firm $490,000 for Violating AML/CFT laws

    The UAE’s Central Bank has charged a financial firm Dh1.8 million ($490,000) over breaching the c...

    UAE Central Bank Fines Firm $490,000 for Violating AML/CFT laws Explore More

    News

    International Student Sues Commonwealth Bank for Money Laundering Scam

    An Indonesian student and her family sued the Commonwealth Bank as they lost millions of dollars ...

    International Student Sues Commonwealth Bank for Money Laundering Scam 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

    65,000 Australian Credit Cards Discovered on Dark Web

    A significant proportion of stolen credit cards contained private information such as addresses, ...

    65,000 Australian Credit Cards Discovered on Dark Web Explore More

    News

    Major US Twitter accounts hacked in Bitcoin scam

    Billionaires Elon Musk, Jeff Bezos, Barack Obama, Joe Biden and Bill Gates are among the many US ...

    Major US Twitter accounts hacked in Bitcoin scam 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