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

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

    n-img-eu-uk

    Accusations were imposed on Russia due to the recent disastrous cyberattacks on the European satellite internet company crippling online operations.

    A cyberattack hit the European satellite internet company Viasat on Tuesday, disrupting the internet service for thousands of broadband customers across the continent along with disabling many wind turbine services. The EU blamed Russia for masterminding this cyberattack as they begin their invasion of Ukraine on Feb 24. 

    This cyber attack has unleashed a significant impact on multiple EU member states which have been affected by several indiscriminate communication outages and disruptions caused across public authorities, businesses, and users in Ukraine, as claimed by the EU while writing their official statement. 

    Supporting statements were released by the UK and the US aiding the EU and blaming Russia has been behind cyberattacks carried on Ukraine in recent times deploying malicious programs and defacing websites.

    The British Foreign Secretary Liz Truss stated in a news release “This is an evident and shocking proof of the deliberate and malicious cyberattacks by Russia against Ukraine which had created crucial consequences on the financial situation for ordinary people and businesses in Ukraine and across Europe”

    Agreeing with this statement, the US Sectary of State Antony Blinken told “The cyberattacks launched by Russia against commercial satellite communication networks to disrupt the control of the Ukrainian force during the invasions in the late February, had spillover impacts into the other European countries”

    Since the Ukrainian military heavily relied on Viasat during the initial period of the war, the attack has significantly caused trouble by hampering the communication abilities, as said by the top Ukrainian cybersecurity official, Victor Zhora 

    EU has condemned individual state-affiliated hackers in the past, The statement released on Tuesday has been the first time that it has openly cited its own intelligence while accusing a specific nation of destruction in cyberspace. 

    The junior director of cybersecurity policy at Stiftung Neue Verantwortung, Julia Schuetze further said that the statement could be used for pioneering additional sanctions against Russian hackers. 

    Suggested Read: Cybercrimes in the UK have ‘doubled’ in the past five years

    Related Posts

    News

    IRS Criminal Investigation Uncovers Approx. $10 Billion Worth of FinCrime

    IRS-CI FY 2021 highlighted $2.19 billion in tax fraud, $8.18 billion in financial crimes, 1497 wa...

    IRS Criminal Investigation Uncovers Approx. $10 Billion Worth of FinCrime Explore More

    News

    FCA Advises Firms to Embed Data and Technology to Combat Financial Crimes

    Sarah Pritchard, the FCA executive director of markets, spoke at the Financial Crime Summit in Lo...

    FCA Advises Firms to Embed Data and Technology to Combat Financial Crimes 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

    ICO Warns Public Bodies Over Failure to Respond FOI Requests

    ICO warned public bodies regarding Freedom of Information (FOI) requests failure. Different depar...

    ICO Warns Public Bodies Over Failure to Respond FOI Requests Explore More

    News

    FATF encourages Digital ID during Coronavirus epidemic

    The Financial Action Task Force (FAFT) is advocating the use of digital identity technology to se...

    FATF encourages Digital ID during Coronavirus epidemic Explore More

    News

    EFCC Warns Financial Crime is Thriving in Real Estate

    According to the Economic and Financial Crimes Commission, EFCC, real estate companies are requir...

    EFCC Warns Financial Crime is Thriving in Real Estate Explore More

    News

    Federal Court Fines Digitex Futures $15M for KYC and AML Failings

    The Commodity Futures Trading Commission (CFTC) has made it public that the US District Court has...

    Federal Court Fines Digitex Futures $15M for KYC and AML Failings Explore More

    News

    Two Bank Workers Banned by Central Bank in the Philippines for Wirecard Fraud

    Two bank workers, involved in issuing fake documents, have been banned by the Central Bank. The a...

    Two Bank Workers Banned by Central Bank in the Philippines for Wirecard Fraud Explore More

    News

    Chinese Firms to Test Crypto Opportunities in Hong Kong

    Chinese Security companies and banks are attracted by Hong Kong’s retail trading in Bitcoin and E...

    Chinese Firms to Test Crypto Opportunities in Hong Kong Explore More

    News

    Asia/Pacific Group on Money Laundering Releases 2021 Typologies Report

    The report has highlighted areas of high priority that need further study and the risks associate...

    Asia/Pacific Group on Money Laundering Releases 2021 Typologies Report Explore More

    News

    North Korean bankers charged in $2.5 billion money-laundering scheme

    The US Department of Justice recently revealed criminal charges against about twenty-four North K...

    North Korean bankers charged in $2.5 billion money-laundering scheme Explore More

    News

    Chinese regulators extend financial support to bring Hong Kong, Macau closer

    China’s financial regulators revealed an extensive plan to ease investments and cross-border tran...

    Chinese regulators extend financial support to bring Hong Kong, Macau closer Explore More

    News

    IMF Urges El Salvador to Restrict Cryptocurrencies as Legal Tender Amid Money Laundering Risks

    The International Monetary Fund (IMF) is persuading El Salvador to revoke the initiative of makin...

    IMF Urges El Salvador to Restrict Cryptocurrencies as Legal Tender Amid Money Laundering Risks Explore More

    News

    Brexit Deal Decides the Future of Financial Service in the UK and the EU

    Marketers have finally realized the full text of the deal between the UK and Brussels regarding t...

    Brexit Deal Decides the Future of Financial Service in the UK and the EU 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

    SataBank is Set to be Formally Liquidated Over Money Laundering Concerns

    The liquidation of Satabank has affected prominent names with a massive due amount. The infirm se...

    SataBank is Set to be Formally Liquidated Over Money Laundering Concerns Explore More

    News

    CBN Introduces New Anti-Money Laundering Rules for Microfinance Banks

    The Central Bank of Nigeria has issued a guidance note that is aimed to prevent money laundering ...

    CBN Introduces New Anti-Money Laundering Rules for Microfinance Banks Explore More

    News

    Europol Warns Trade-Based Money Laundering Poses Substantial Threat to Financial Institutions

    Financial institutions faced trade-based money laundering as a new threat since the digitalisatio...

    Europol Warns Trade-Based Money Laundering Poses Substantial Threat to Financial Institutions Explore More

    News

    SFC Imposed a HK$9 Fine on RIFA Future for KYC Failings

    RIFA Limited was charged by the domestic regulatory authority of Hong Kong, the Securities and Fu...

    SFC Imposed a HK$9  Fine on RIFA Future for KYC Failings 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

    Bank of Lithuania Open Probe on UK Fintech over Alleged Money Laundering

    Bank of Lithuania is reportedly investigating UK fintech Railsr over Anti-Money Laundering and Co...

    Bank of Lithuania Open Probe on UK Fintech over Alleged Money Laundering Explore More

    News

    Canada loses millions in online scams

    According to CBC News, 6492 incidents of fraud were reported to Edmonton Police last year, result...

    Canada loses millions in online scams Explore More

    News

    Japan: FSA Sets a Firm Deadline For FI to Ensure Full AML/CFT Compliance

    Japan’s Financial Services Agency (FSA) has strictly directed financial institutions to devise a ...

    Japan: FSA Sets a Firm Deadline For FI to Ensure Full AML/CFT Compliance Explore More

    News

    Texans to be Among the Most Affected Nations in Global Cybercrime Operation, Warns FBI

    According to the Federal Bureau of Investigation (FBI), Texans are likely to be among nations tha...

    Texans to be Among the Most Affected Nations in Global Cybercrime Operation, Warns FBI Explore More

    News

    Silly Season Scams to Rise as AFP Forewarns Fake Delivery Texts

    The Australian Federal Police (AFP) has warned of fake delivery texts. Scammers use legitimate-lo...

    Silly Season Scams to Rise as AFP Forewarns Fake Delivery Texts Explore More

    News

    Scotland Police Give Warnings Due to the Rise in Cybercrime

    Highland Police is taking a major initiative to warn the businesses of a spike in cybercrime and ...

    Scotland Police Give Warnings Due to the Rise in Cybercrime Explore More

    News

    FSA Imposed £247,324 Fine on Standard Bank for “Serious Regulatory Failings”

    The Isle of Man Financial Services Authority (IOMFSA) has imposed EUR 247,324 fine on Standard Li...

    FSA Imposed £247,324 Fine on Standard Bank for “Serious Regulatory Failings” Explore More

    News

    Russians Turn To Crypto As the West Imposes Financial Sanctions

    Data has shown that Russians are turning towards transactions in cryptocurrency as a result of we...

    Russians Turn To Crypto As the West Imposes Financial Sanctions Explore More

    News

    Swedish Bank SEB Accused of Money Laundering

    Investigations done by the news agency TT and broadcaster SVT revealed that 25 SEB clients record...

    Swedish Bank SEB Accused of Money Laundering Explore More

    News

    US Blocks Tornado Cash Investors for Money Laundering Risks & Links to Korean Hackers

    The United States has frozen the assets of crypto investors from Tornado Cash Service, saying it ...

    US Blocks Tornado Cash Investors for Money Laundering Risks & Links to Korean Hackers Explore More

    News

    The US Treasury Department OFAC Enforces Whistleblower Programmes

    According to the US Treasury’s Department Office of Foreign Assets Control (OFAC), companies must...

    The US Treasury Department OFAC Enforces Whistleblower Programmes Explore More

    News

    TD Bank Agrees to Pay USD 1.2 Billion to Settle Investor Lawsuit

    Toronto-Dominion Bank has agreed to pay US $1.2 Billion to settle an investor lawsuit which claim...

    TD Bank Agrees to Pay USD 1.2 Billion to Settle Investor Lawsuit Explore More

    News

    AMLA Adds New Protections and Financial Incentives for US Whistleblowers

    Anti Money Laundering Act 2020, has amended the recently enacted AML whistleblower improvement ac...

    AMLA Adds New Protections and Financial Incentives for US Whistleblowers Explore More

    News

    South Korea Unlikely to Legislate Crypto Regulations Before the U.S – Says FSC

    South Korea’s Financial Services Commission focuses the cryptocurrency legislation. According to ...

    South Korea Unlikely to Legislate Crypto Regulations Before the U.S –  Says FSC Explore More

    News

    FINRA Issues Notice to Remind Firms of Nation-wide AML/CFT Priorities

    FINRA has issued a notice reminding all member firms to comply with AML/CFT priorities as mandate...

    FINRA Issues Notice to Remind Firms of Nation-wide AML/CFT Priorities Explore More

    News

    FinCEN Highlights That AML/CFT Regulation Requires Transformation to Fight Modern Crimes

    The acting director of FinCEN has highlighted the fact that the existing AML/CFT regulatory frame...

    FinCEN Highlights That AML/CFT Regulation Requires Transformation to Fight Modern Crimes Explore More

    News

    Gambling Commission Imposed a £6.1 Million Fine on Touch Games for Money Laundering Failings

    The Touch Games, a gambling firm that operates 11 websites, has been fined £6.1 million over fail...

    Gambling Commission Imposed a £6.1 Million Fine on Touch Games for Money Laundering Failings Explore More

    News

    Growing List of Countries are Introducing Regulations on Crypto

    Ukraine’s Parliament officially adopted the Draft Law On Virtual Assets. Prior to this, cryptocur...

    Growing List of Countries are Introducing Regulations on Crypto 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

    Canada’s Real Estate a Safe Haven for Money Laundering, Confirms Intel

    Intel has confirmed the findings of CISC’s report saying that Canadian real estate is a safe have...

    Canada’s Real Estate a Safe Haven for Money Laundering, Confirms Intel Explore More

    News

    Caterina Giorgi Demands Age Verification Laws for Online Alcohol Businesses

    Caterina Giorgi, CEO of the Foundation for Alcohol Research and Education (FARE), has highlighted...

    Caterina Giorgi Demands Age Verification Laws for Online Alcohol Businesses Explore More

    News

    US Crypto Firms Reluctant Towards New KYC/AML Proposal by FinCEN

    The US crypto firm, Coinbase, sent a letter to FinCEN with a clear message, “There is no emergenc...

    US Crypto Firms Reluctant Towards New KYC/AML Proposal by FinCEN Explore More

    News

    Swiss Courts to Return Millions to Sanctioned Russians

    The Swiss courts have decided to pay the stolen millions of dollars back to the sanctioned Russia...

    Swiss Courts to Return Millions to Sanctioned Russians Explore More

    News

    Singapore Scammers Launder Money Through Online Gambling

    Singapore police seized US $736 million worth of cryptocurrencies and virtual assets from money l...

    Singapore Scammers Launder Money Through Online Gambling Explore More

    News

    Cyprus Aligns with EU Regulations by Adopting Strong AML/CFT Measures

    Cyprus has established a new digital registry and requires the businesses to identify their true ...

    Cyprus Aligns with EU Regulations by Adopting Strong AML/CFT Measures Explore More

    News

    State Street Bank fined $1.24 million for breaching AML laws

    The US-based State Street bank has been hit with million-dollar money laundering fine. The Austra...

    State Street Bank fined $1.24 million for breaching AML laws Explore More

    News

    FCA Fines Santander and Metro Bank for AML Compliance Gaps

    The financial market regulator FCA has found compliance gaps in Anti Money Laundering (AML) syste...

    FCA Fines Santander and Metro Bank for AML Compliance Gaps Explore More

    News

    Germany to Implement the 6th AML Directive to Secure Financial Firms

    The Federal Government of Germany has decided to draft a law for money laundering operations. Eur...

    Germany to Implement the 6th AML Directive to Secure Financial Firms Explore More

    News

    FATF issued guidance on risk-based AML/CFT policies

    The Financial Action Task Force has issued finalised supervision on adopting a risk-based strateg...

    FATF issued guidance on risk-based AML/CFT policies Explore More

    News

    Cyprus Adopts Transparency in Registration of Company Owners

    Cyprus has planned to introduce a register in the coming weeks to unveil the identity of thousand...

    Cyprus Adopts Transparency in Registration of Company Owners Explore More

    News

    PBOC Issues New Financial Rules to Curb Money Laundering Risks

    The People’s Bank of China (PBOC), The China Banking and Insurance Regulatory Commission, a...

    PBOC Issues New Financial Rules to Curb Money Laundering Risks Explore More

    News

    Albania Fails to Take Strict AML/CFT Measures

    According to MONEYVAL, Albania has failed to take the necessary steps to improve measures on figh...

    Albania Fails to Take Strict AML/CFT Measures 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

    European Commission Lists Online Gambling a High-Risk Sector for Money Laundering

    The European Commission has listed online gambling as a high-risk avenue for money laundering aft...

    European Commission Lists Online Gambling a High-Risk Sector for 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

    ProtonMail added an encrypted calendar to its encrypted Gmail competitor

    Previous year Google faced a hefty fine of $170 million by the Federal Trade Commission following...

    ProtonMail added an encrypted calendar to its encrypted Gmail competitor Explore More

    News

    Facebook Built a Facial Recognition App To Identify Employees

    Facebook is again under fire for its controversial facial recognition technology. The tool used f...

    Facebook Built a Facial Recognition App To Identify Employees Explore More

    News

    BSP Warns Play-to-Earn Gamers about Potential Illicit Activities

    Online gaming platforms should employ KYC verification processes to make payments more secure.  T...

    BSP Warns Play-to-Earn Gamers about Potential Illicit Activities Explore More

    News

    Seychelles Prosecutes First Money Laundering Case Against Elites from Pandora Papers

    Seychelles, known for being a tax haven, was recently removed from the EU’s blacklist and is purs...

    Seychelles Prosecutes First Money Laundering Case Against Elites from Pandora Papers Explore More

    News

    New White House Standards Strategy May Affect Crypto Industry KYC Regulations

    President Biden’s administration unveiled a national standards strategy on May 4, outlining eight...

    New White House Standards Strategy May Affect Crypto Industry KYC Regulations Explore More

    News

    Ontario Labeled ‘Highly Vulnerable’ to Money Laundering Activities in Cullen Report

    The Canadian gambling sector is on its toes after Commissioner Austin Cullen’s report revealed in...

    Ontario Labeled ‘Highly Vulnerable’ to Money Laundering Activities in Cullen Report Explore More

    News

    Cyberattack Prompts Dallas Firefighter and Police Associations to Demand Identity Theft Protection

    It has been three weeks since Dallas’ operations were affected by a municipal network outage. Som...

    Cyberattack Prompts Dallas Firefighter and Police Associations to Demand Identity Theft Protection Explore More

    News

    $9.8 Million Lost, 40 Arrested in Twitch Money Laundering Scheme

    On Tuesday, 4th January, Turkish police took 40 suspects into custody from 11 provinces for alleg...

    $9.8 Million Lost, 40 Arrested in Twitch Money Laundering Scheme Explore More

    News

    Iranian Banks in Bahrain to be Prosecuted for Breaching AML Sanctions

    Bahrain’s public prosecutor declared that the 13 Iranian banks, including the Central Bank of Ira...

    Iranian Banks in Bahrain to be Prosecuted for Breaching AML Sanctions Explore More

    News

    EU Money Laundering Overhaul Should Include NFT Platforms, Lawmakers Say

    The two crypto legislation adopted last week did not include unhosted wallets and decentralised f...

    EU Money Laundering Overhaul Should Include NFT Platforms, Lawmakers Say Explore More

    News

    OCC Warns Federal Banking System of Crypto & Cybersecurity Risks

    The OCC has warned the federal banking associations, branches and agencies on crypto-asset and cy...

    OCC Warns Federal Banking System of Crypto & Cybersecurity Risks 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

    Ireland Campaigns to make Dublin the EU AML Authority Headquarter

    A team was established in the Department of Finance by the Irish government to campaign for Dubli...

    Ireland Campaigns to make Dublin the EU AML Authority Headquarter Explore More

    News

    IMF Seeks Tighter Checks on Kenyan Banks Amid Money Laundering Concerns

    The International Monetary Fund (IMF) is tightening the checks to prevent money laundering and wa...

    IMF Seeks Tighter Checks on Kenyan Banks Amid Money Laundering Concerns 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

    South Africa Gets the Green Signal for New AML/CTF Laws

    South Africa has finally gotten a green signal for new finance laws to address shortcomings ident...

    South Africa Gets the Green Signal for New AML/CTF Laws 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

    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