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

    Europol and EU Member States Launch Operation Targeting Assets of Sanctioned Entities

    n-europol

    Europol and EU member states along with Eurojust and Frontex have launched Operation Oscar to assist financial investigations targeting criminal assets.

    On 11 April 2022, Europol joined hands with EU member states as well as Frontex and Eurojust to launch Operation Oscar. The operation is formulated to assist financial investigations that target criminal assets belonging to entities sanctioned in relation to the Russian invasion of Ukraine. 

    Operation Oscar will support the EU Member States in investigating criminal activities that are carried out to circumvent EU-imposed trade and economic sanctions. Just like operation Sentinel, which targets COVID-19 EU recovery fund fraud, Operation Oscar is an umbrella operation that will continue for a period of at least one year and include a number of separate investigations.

    In the framework of Operation Oscar, initiated by Europol’s European Financial and Economic Crime Centre, Europol will facilitate partners’ exchange of information and intelligence and provide operational support in a number of financial investigations targeting criminal assets and the circumvention of the EU economic sanctions related to Russia’s military aggression towards Ukraine.

    Europol is looking to centralise and analyse all information contributed under this operation to identify international links, criminal groups and suspects, as well as new criminal trends and patterns. In addition, Europol will also assist the investigations by providing tailor-made analytical support, operational coordination, forensics and technical expertise, and financial support to the relevant national authorities. 

    Similarly, Eurojust will be actively involved with the operation through the exchange of strategic and operational information. Eurojust will provide legal assistance and support while strengthening cooperation between national investigating and judicial authorities.

    Frontex will contribute to the operation by enhancing the scrutiny of the persons who are crossing EU’s external borders and fall under the scope of the sanctions. 

    Suggested read: Europol Arrests 106 Suspects in Money Laundering, Online Fraud Case

    Related Posts

    News

    Interpol Operation Intercepts Financial Cybercrime Worth $83 Million

    Due to an exponential rise in online financial crimes in the Asia Pacific region, an INTERPOL-coo...

    Interpol Operation Intercepts Financial Cybercrime Worth $83 Million Explore More

    News

    Skyrocketing NFT Sales Raise Concerns for Tax, Law Enforcement

    Last month, the sales for a digital art piece was surprisingly high and raised many questions for...

    Skyrocketing NFT Sales Raise Concerns for Tax, Law Enforcement 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

    US Treasury Hits Bittrex with $53 Million Fine Over Sanctions Violations

    The US Treasury Department has imposed a $53 million fine on Bittrex for violating sanctions and ...

    US Treasury Hits Bittrex with $53 Million Fine Over Sanctions Violations Explore More

    News

    UK Government to Crackdown Corruption Under New AML laws

    Overseas firms owning land in the UK need to publicly declare the owners, under the new UK laws t...

    UK Government to Crackdown Corruption Under New AML laws Explore More

    News

    COVID-19: Banks and mobile companies join to block texting scams

    The banking and mobile phone industries are declaring advancement in the face of a rise in so-cal...

    COVID-19: Banks and mobile companies join to block texting scams Explore More

    News

    Global Payments Industry At Risk Due to Cryptocurrencies, Says FinTech Boss

    According to the boss of New York based investment banking company, Goldman Sachs, Cryptocurrenci...

    Global Payments Industry At Risk Due to Cryptocurrencies, Says FinTech Boss Explore More

    News

    Effective Measures are Needed to Tackle Money Laundering and Terrorist Financing, Says EMLCU’s Head

    The Union of Arab Banks arranged the three-day anti-money laundering and terrorist financing even...

    Effective Measures are Needed to Tackle Money Laundering and Terrorist Financing, Says EMLCU’s Head Explore More

    News

    24 scammers arrested on money laundering charges

    Government officials have arrested over 24 money laundering suspects due to an online fraud opera...

    24 scammers arrested on money laundering charges Explore More

    News

    2021 to Set New Record for Most Data Breaches in a Year

    Studies have shown a staggering 1,291 data breaches till the end of September this year, exceedin...

    2021 to Set New Record for Most Data Breaches in a Year Explore More

    News

    Ledger Owners Scammed worth 1.1 Million XRP

    Earlier this year Legsdger customers faced a leak of email and personal information. Now they are...

    Ledger Owners Scammed worth 1.1 Million XRP Explore More

    News

    Brazil’s financial regulator launches regulatory blockchain

    The Banco Central do Brasil (BC) recently declared the launching of a new blockchain platform cal...

    Brazil’s financial regulator launches regulatory blockchain Explore More

    News

    China Warns of Money Laundering Risks Arising from NFTs

    China has warned of the financial risks associated with non-fungible tokens (NFTs) as three indus...

    China Warns of Money Laundering Risks Arising from NFTs 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

    Bahrain sentences three money-laundering suspects to prison

    Bahrain fined three suspects of $9 million and sentenced them to prison in the Future Bank case. ...

    Bahrain sentences three money-laundering suspects to prison Explore More

    News

    Anti-Fraud Experts Advise the CBN to Reconsider its Decision to Ban Crypto

    One year after the Central Bank Nigeria (CBN), imposed a ban on digital currencies, anti-fraud ex...

    Anti-Fraud Experts Advise the CBN to Reconsider its Decision to Ban Crypto 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

    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

    Nigeria Employs New BOR Initiative to be Removed from FATF’s Gray List

    A Beneficial Ownership Register (BOR) has been inaugurated by the Corporate Affairs Commission (C...

    Nigeria Employs New BOR Initiative to be Removed from FATF’s Gray List Explore More

    News

    Crypto exchange owner admits laundering $1.8M in online auctions fraud

    Vlad-Calin Nistor and 14 other accused, including the owner of a car wash, have all entered guilt...

    Crypto exchange owner admits laundering $1.8M in online auctions fraud Explore More

    News

    UAE Strengthens AML Measures to Bolster Virtual Asset Framework

    The UAE’s anti-money laundering and counter-terrorism financing department stated it continues bo...

    UAE Strengthens AML Measures to Bolster Virtual Asset Framework Explore More

    News

    Dubai Jails 9 and Fines Over Dh15 Million for Money Laundering

    Dubai courts have issued prison sentences to 9 offenders for money laundering. The Emirates conti...

    Dubai Jails 9 and Fines Over Dh15 Million for Money Laundering 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

    Money Laundering Watchdog Fines HSBC for AML Violations

    HSBC Malta has been fined €82,000 by Financial Intelligence Analysis Unit (FIAU) for AML violatio...

    Money Laundering Watchdog Fines HSBC for AML Violations Explore More

    News

    Largest Banking Cooperation in Columbia Busted for Violating Anti-money Laundering Regulations

    Banco de Occidente, Columbia’s largest banking cooperation Grupo Aval owned by one of the richest...

    Largest  Banking Cooperation in Columbia Busted for Violating Anti-money Laundering Regulations Explore More

    News

    USAA Fined $140 Million for Inadequate Anti-Money Laundering Measures

    Two federal regulatory authorities have fined USAA a collective $140 million for failure to imple...

    USAA Fined $140 Million for Inadequate Anti-Money Laundering Measures Explore More

    News

    Pandora Papers Highlight ‘Gatekeepers’ of Black Money, says EU Financial Watchdog

    The new report of MONEYVAL offers a diminishing rebuke across European governments that are unabl...

    Pandora Papers Highlight ‘Gatekeepers’ of Black Money, says EU Financial Watchdog Explore More

    News

    UAE’s Economic Integration Committee Highlights Files of Mutual Investigation with FATF

    In the latest Economic Integration Committee meeting, the UAE’s financial regulatory authorities ...

    UAE’s Economic Integration Committee Highlights Files of Mutual Investigation with FATF Explore More

    News

    New fake ad alert system launched to fight online scams

    According to ITV, the UK Scam Ad Alert tool – developed by the Advertising Standards Authority (A...

    New fake ad alert system launched to fight online scams Explore More

    News

    California’s EDD is Falling Behind in Legitimate Unemployment Claims

    According to a report by Calmatters, California’s Employment Development Department is lacking be...

    California’s EDD is Falling Behind in Legitimate Unemployment Claims Explore More

    News

    The UK’s NCA Establishes New Unit to Clamp Down on Corrupt Elites & Money Launderers

    The UK’s National Crime Agency (NCA) created a new unit with the aim to target and investigate co...

    The UK’s NCA Establishes New Unit to Clamp Down on Corrupt Elites & Money Launderers Explore More

    News

    Amendments to ‘Trust Property Control Act’ May Still Require Revisions

    FISA (Fiduciary Institute of Southern Africa) and other notable trust law experts have expressed ...

    Amendments to ‘Trust Property Control Act’ May Still Require Revisions Explore More

    News

    “Student” Occupation Flagged for Money Laundering in Canadian Real Estate

    Son of “wanted for defrauding 60,000 investors” Chinese parents laundered millions of dollars int...

    “Student” Occupation Flagged for Money Laundering in Canadian Real Estate Explore More

    News

    Shufti introduces react native app for customer convenience

    Recently, Shufti launched its react native app for enhanced customer convenience. Shufti ...

    Shufti introduces react native app for customer convenience Explore More

    News

    Britain Court Urges Binance for Better Financial Crime Prevention

    The Court of London in an order emphasised that Binance should develop policies and procedures to...

    Britain Court Urges Binance for Better Financial Crime Prevention Explore More

    News

    FCA Hints Why only 15% of Crypto Firms Received Regulatory Approval

    The UK financial watchdog has approved only 41 registration applications of crypto firms out of 3...

    FCA Hints Why only 15% of Crypto Firms Received Regulatory Approval Explore More

    News

    NY’s Attorney General Warns the Crypto Industry Against Illicit Activities

    Letitia James, Newyork’s Attorney General, has sent a clear message to the entire crypto industry...

    NY’s Attorney General Warns the Crypto Industry Against Illicit Activities 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

    Revised Financial Regulations in South Korea Now Covers Crypto Investors

    The financial regulators in South Korea announced that domestic crypto investors would be covered...

    Revised Financial Regulations in South Korea Now Covers Crypto Investors Explore More

    News

    Senate Reveals a 12-Year-Old Loophole Targeted by Americans to Cheat IRS

    Offshore tax loopholes are safe havens for wealthy Americans to cheat the Internal Revenue Servic...

    Senate Reveals a 12-Year-Old Loophole Targeted by Americans to Cheat IRS Explore More

    News

    Biden Going After Crypto Tax Evaders with Data Sharing Initiative

    President Biden’s administration is proposing global cooperation to curb the threat of crypto-rel...

    Biden Going After Crypto Tax Evaders with Data Sharing Initiative Explore More

    News

    EU Contemplates New Anti-Money Laundering Body in the Wake of Scandals

    Brussels plans to pursue the strengthening of powers of the EU agencies to combat money launderin...

    EU Contemplates New Anti-Money Laundering Body in the Wake of Scandals Explore More

    News

    Australian Government Introduces $800 Million Budget for New Technology and Expands Digital Identity Checks

    The Morrison government has announced an $800 million budget for expanding digital identity check...

    Australian Government Introduces $800 Million Budget for New Technology and Expands Digital Identity Checks Explore More

    News

    AMLC Freezes Assets of 16 Groups Labeled as Terrorist Organizations

    The Anti-Money Laundering Council in the Philippines has frozen the accounts of 16 organizations ...

    AMLC Freezes Assets of 16 Groups Labeled as Terrorist Organizations Explore More

    News

    EBRD and Central Bank of Jordan Raise Awareness Against Financial Crime

    EBRD and the Central bank of Jordan join hands in running campaigns to raise awareness for the tr...

    EBRD and Central Bank of Jordan Raise Awareness Against Financial Crime Explore More

    News

    The UK’s NCA Establishes New Unit to Clamp Down on Corrupt Elites & Money Launderers

    The UK’s National Crime Agency (NCA) created a new unit with the aim to target and investigate co...

    The UK’s NCA Establishes New Unit to Clamp Down on Corrupt Elites & Money Launderers Explore More

    News

    Shufti Unveils New Product NFC Verification for NFC Based Identity Verification

    Shufti has launched a new product, NFC Verification, that uses Near Field Communication techn...

    Shufti Unveils New Product NFC Verification for NFC Based Identity Verification Explore More

    News

    South Africa’s Addition to FATF Gray List Causes Unforeseen Repercussions on Tax Law Implementation

    Tax Consulting SA’s report has revealed that greylisting has caused disquietude surrounding...

    South Africa’s Addition to FATF Gray List Causes Unforeseen Repercussions on Tax Law Implementation Explore More

    News

    National Treasury of Kenya Urges Companies to Hire Anti-Money Laundering Officers

    Kenya’s National Treasury Department forced financial and specified non-financial institutes to o...

    National Treasury of Kenya Urges Companies to Hire Anti-Money Laundering Officers Explore More

    News

    SuperCare Health Faces Lawsuit for Having “Incompetent Security Measures” to Stop Data Breach

    Plaintiff filed a lawsuit against SuperCare Health in the US Central District of California and a...

    SuperCare Health Faces Lawsuit for Having “Incompetent Security Measures” to Stop Data Breach Explore More

    News

    UAE Judges Discuss Steps Taken by Authorities to Strengthen AML Controls

    UAE’s senior judges outline the legal actions taken by authorities to strengthen anti-money laund...

    UAE Judges Discuss Steps Taken by Authorities to Strengthen AML Controls Explore More

    News

    South Korea Extends AML Compliance Deadline for Crypto Sector

    The deadline has been extended to ensure regulators are able to process all the applications subm...

    South Korea Extends AML Compliance Deadline for Crypto Sector Explore More

    News

    Dutch Money Mule Caught Involved in $3.5M of Money Laundering in Australia

    A 22-year old Dutch national has been arrested by Australian Police for being a money mule in a m...

    Dutch Money Mule Caught Involved in $3.5M of Money Laundering in Australia 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

    First Canadian bank introduces digital ID verification

    Digital Identity is progressing in Canada, with a new bank account opening process backed by digi...

    First Canadian bank introduces digital ID verification Explore More

    News

    $4.4 Billion Worth Cryptocurrency Stolen in 2019

    The crypto analytics firm, CipherTrace released its Q3 2019 Cryptocurrency Anti-Money Laundering ...

    $4.4 Billion Worth Cryptocurrency Stolen in 2019 Explore More

    News

    IPEC to Collaborate With FIU to Improve AML Framework

    IPEC to collaborate with FIU to identify terrorist financing and money laundering risks that are ...

    IPEC to Collaborate With FIU to Improve AML Framework Explore More

    News

    FBI Reveals North Korea’s Lazarus Group Involvement in $41 Million Stake Hack

    US Federal Bureau Investigation (FBI) has revealed that the North Korean hacking group, Lazarus, ...

    FBI Reveals North Korea’s Lazarus Group Involvement in $41 Million Stake Hack Explore More

    News

    Reserve Bank of Zimbabwe Reveals Most Banks Lose Correspondent Deals Due to AML Non-compliance

    The Reserve Bank of Zimbabwe (RBZ) Deputy Governor disclosed that most banks are losing clients d...

    Reserve Bank of Zimbabwe Reveals Most Banks Lose Correspondent Deals Due to AML Non-compliance Explore More

    News

    Denmark’s Gambling Authority Issues Reminder for AML Duties

    All licensed businesses are reminded to report suspicious transactions that may be indicative of ...

    Denmark’s Gambling Authority Issues Reminder for AML Duties 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

    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

    NSW Make Reforms to Counter Money Laundering and Gambling

    The New South Wales government embraces new reforms to counter the issue of money laundering and ...

    NSW Make Reforms to Counter Money Laundering and Gambling Explore More

    News

    The Financial Intelligence Analysis Unit Levies Fines Worth €2.2 Million in the First Half of 2023

    The Financial Intelligence Analysis Unit fined €2.2 million in the first half of 2023. A constitu...

    The Financial Intelligence Analysis Unit Levies Fines Worth €2.2 Million in the First Half of 2023 Explore More

    News

    Court Filing Reveals that Hundreds of Roblox users Are Laundering Money Using In-Game Currency

    Roblox, one of the popular video game platforms having over 58 million users, is being used to la...

    Court Filing Reveals that Hundreds of Roblox users Are Laundering Money Using In-Game Currency Explore More

    News

    EU to Introduce Uniform Legal Framework for Crypto Assets

    The EU is negotiating on new rules for introducing a uniform legal framework for crypto assets wi...

    EU to Introduce Uniform Legal Framework for Crypto Assets 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

    Consumers Lost €15.6M to Impersonation, Investment, and Romance Scams

    Approximately 70% of Irish consumers have been targeted by some form of identity scam, according ...

    Consumers Lost €15.6M to Impersonation, Investment, and Romance Scams Explore More

    News

    Saudi Arabia Permits 9 FinTech Companies to Operate in Regulatory Sandbox

    The Saudi Arabian Monetary Authority (SAMA) announced that it has allowed nine more FinTech firms...

    Saudi Arabia Permits 9 FinTech Companies to Operate in Regulatory Sandbox Explore More

    News

    US Treasury Launches New Financial Force to Combat Illegal Fentanyl Trade

    The US Treasury Department has announced the launch of the Counter-Fentanyl Strike Force to comba...

    US Treasury Launches New Financial Force to Combat Illegal Fentanyl Trade Explore More

    News

    Defendants plead guilty of allegations in Medicare Fraud in U.S. District Court

    Two defendants, Jessica Jones from Colorado, and Elizabeth Putulin from Florida pleaded guilty to...

    Defendants plead guilty of allegations in Medicare Fraud in U.S. District Court Explore More

    News

    Adobe, Twitter and NYT Team Up Against Deepfakes

    Deepfakes, whether synthetic or manipulated, are rising at an alarming rate. They can cause immen...

    Adobe, Twitter and NYT Team Up Against Deepfakes 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