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

    FinTech Market Gaining Traction in Asia, Slowing Down in US

    fintech

    The Financial Technology (FinTech) market is booming in Asia, especially in China according to a New York-based data firm, CB insights. Investments in China fell into a slump earlier this year and now they are seeing a new surge.

    Until now, FinTech has raised $25.6 billion which is already huge compared to 2017’s total of $18.8 billion. According to the report, the market is not so hot in the US where FinTech deals have fallen to an 11-quarter low. Asia saw investments spike and nearly surpasses the US investments in the third quarter. The US suffered the falls of the deals as the result of a withdrawal in early-stage deals which is also the reason for the overall drop in global deals in 2019 in the third quarter. 

     

    FinTech Market Gaining Traction

     

    In the third quarter, India and China continued to battle over the title of Asia’s top fin-tech hub. India remained behind with 33 deals while China saw deals surge to 55 in the third quarter. China had $661 million of funding narrowly lagging behind India’s $674 million. China has reclaimed the lead from India as Asia’s top deal hub for the third quarter.  

    Source: (Twitter)

    The FinTech market in Southeast Asia topped new heights with $701 million raised across 87 deals through the third quarter. The third quarter of 2019 also saw the top two deals since 2015; a $100 million Series B to Singapore-based Deskera and a $100 million Series C to Vietnam-based MoMo. 

     

     

    Related Posts

    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

    CBN Issues AML/CFT/CPF Guidelines for Licencing Banks and other Financial Institutions

    The Central Bank of Nigeria (CBN) has issued guidelines to assist promoters of banks and other fi...

    CBN Issues AML/CFT/CPF Guidelines for Licencing Banks and other Financial Institutions 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

    New Bitcoin scam hits Canada

    According to a report, a supposed Bitcoin (BTC) scam is now targeting residents of Winnipeg, Cana...

    New Bitcoin scam hits Canada Explore More

    News

    US Justice Department Helps Brazilian Government to Seize $24 Million in Crypto Fraud

    An official request from the Brazilian government was made to the US government for helping to se...

    US Justice Department Helps Brazilian Government to Seize $24 Million in Crypto Fraud Explore More

    News

    Homeland Security expects to have biometric data on nearly 260 million people

    The US Department of Homeland Security (DHS) will soon have face, fingerprint and iris scans of a...

    Homeland Security expects to have biometric data on nearly 260 million people Explore More

    News

    US Shows Conflicts with China at First Financial Meeting

    In a recent financial working group meeting, the US Treasury raised disagreements with China, whe...

    US Shows Conflicts with China at First Financial Meeting Explore More

    News

    FinCEN May Release a YouTube Video to Outreach Latest BOI Rules

    The Financial Crimes Enforcement Network (FinCEN) director stated they are creating awareness cam...

    FinCEN May Release a YouTube Video to Outreach Latest BOI Rules Explore More

    News

    London has been Dubbed as a Money Laundering Base

    The UK’s capital has been dubbed as a potential hotbed for organised crime, especially after Brex...

    London has been Dubbed as a Money Laundering Base Explore More

    News

    Video KYC: The New Normal in the Insurance Industry

    Since everything is moving to digital platforms, the Insurance Regulatory and Development Authori...

    Video KYC: The New Normal in the Insurance Industry Explore More

    News

    Crypto Bank Anchorage Has Inadequate AML Measures, Says US Federal Regulator

    A US federal regulator has said that the first federally-chartered digital asset bank Anchorage D...

    Crypto Bank Anchorage Has Inadequate AML Measures, Says US Federal Regulator Explore More

    News

    AUSTRAC Hits Military Bank with Enforcement Action to Ensure AML Compliance

    The financial regulator in Australia has hit the Australian Military Bank with implementation act...

    AUSTRAC Hits Military Bank with Enforcement Action to Ensure AML Compliance Explore More

    News

    EU Suggests Blacklisting UAE Following “Dubai Uncovered” Leaks

    The EU has suggested blacklisting UAE under the “Dubai Uncovered” leaks depicting how sanctioned ...

    EU Suggests Blacklisting UAE Following “Dubai Uncovered” Leaks 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

    SEC Warns Wall Street to Enhance AML Systems

    US regulatory authority, the Security and Exchange Commission (SEC), warns Wall Street brokers of...

    SEC Warns Wall Street to Enhance AML Systems 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

    Switzerland Falls Behind in the Fight Against Money Laundering

    The Parliament of Switzerland has voted against the requirement of performing due diligence on la...

    Switzerland Falls Behind in the Fight Against Money Laundering Explore More

    News

    Identity Thieves on the Hunt for Universal Credit Payments

    The UK’s Department for Work and Pension (DWP) has been warning people for not repaying for the b...

    Identity Thieves on the Hunt for Universal Credit Payments 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

    Pokies are Safe Havens for Criminals to Clean Dirty Money – Says NSW Crime Commission

    According to findings of a multi-agency investigation released by the NSW Crime Commission, pubs ...

    Pokies are Safe Havens for Criminals to Clean Dirty Money – Says NSW Crime Commission Explore More

    News

    Swedbank Estonia Reports High-Risk Client for Laundering $2 Billion

    Swedbank Estonia labeled one of its clients a “high-risk” company due to suspicious transactions ...

    Swedbank Estonia Reports High-Risk Client for Laundering $2 Billion Explore More

    News

    Tether Executives to Face DOJ Bank Fraud Probe

    Since its inception in 2014, Tether has become the third-largest cryptocurrency platform in the w...

    Tether Executives to Face DOJ Bank Fraud Probe Explore More

    News

    Malta Faces 200% Spike in Money Laundering Cases

    Financial Intelligence Analysis Unit (FIAU), Malta’s financial regulator, received a 200% increas...

    Malta Faces 200% Spike in Money Laundering Cases Explore More

    News

    Investment Scams Rising Through Fake Celebrity Endorsements

    Financial fraud through celebrity endorsement is becoming a primary concern as one in six firms o...

    Investment Scams Rising Through Fake Celebrity Endorsements Explore More

    News

    EU to Investigate Google and Facebook’s Data Collection Practices

    The European Union has begun preliminary investigations into the data collection practices of Goo...

    EU to Investigate Google and Facebook’s Data Collection Practices 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

    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

    PHL Ranking Declines in the Corruption Index, Reveals GRP

    According to the Global Risk Profile (GRP), the ranking of the Philippines in the corruption inde...

    PHL Ranking Declines in the Corruption Index, Reveals GRP Explore More

    News

    FinTech and InsureTech Booms in Israel as $120M Raised for Investments

    FinTLV, a fund based in Tel Aviv, has announced that it has collected $120 million worth of funds...

    FinTech and InsureTech Booms in Israel as $120M Raised for Investments Explore More

    News

    AMLC Downgrades Terror Financing Risks in the Philippines From High to Medium-High

    According to the anti-money laundering council, the Philippines’ terrorist and terrorism fi...

    AMLC Downgrades Terror Financing Risks in the Philippines From High to Medium-High 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

    Insurance and Pension Sector in Zimbabwe Progressing in Anti-Money Laundering Efforts

    Both sectors in Zimbabwe are prone to money laundering, and the first target of the authorities i...

    Insurance and Pension Sector in Zimbabwe Progressing in Anti-Money Laundering Efforts Explore More

    News

    Qatar’s new AML laws leave no room for Cryptocurrencies

    A number of countries across the globe are coming with up stringent policies to inhibit the illeg...

    Qatar’s new AML laws leave no room for Cryptocurrencies Explore More

    News

    A Treasury Unit to Enforce New Anti-Money Laundering Laws in the US

    A small bureau of the U.S Treasury Department will take a lead, over the next year, in filling ou...

    A Treasury Unit to Enforce New Anti-Money Laundering Laws in the US Explore More

    News

    Canada’s MP Introduces Private Member’s Bill to Amend Criminal Code

    The members of parliament of Simcoe North, including the deputy minister of finance, have introdu...

    Canada’s MP Introduces Private Member’s Bill to Amend Criminal Code Explore More

    News

    Pandemic Fraud Crackdown: US Bank Employees Indicted Over Document Fraud

    Bank employees and tax preparers fraudulently applied for $3M+ in pandemic relief loans through f...

    Pandemic Fraud Crackdown: US Bank Employees Indicted Over Document Fraud Explore More

    News

    UK to End “Golden Visa” Regime to Tackle Money Laundering

    The UK is looking to scrap its so-called “Golden Visa” regime in a short period as Russian action...

    UK to End “Golden Visa” Regime to Tackle Money Laundering Explore More

    News

    FATF Publishes Two New Updates on Global ML/TF Risks

    FATF, the international group that makes global Anti-Money Laundering and Countering Terrorism Fi...

    FATF Publishes Two New Updates on Global ML/TF Risks 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

    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

    UAE Central Bank: AML Guidelines Issued for Licensed Financial Institutes

    The UAE Central Bank has issued guidance for financial institutes to fight money laundering, terr...

    UAE Central Bank: AML Guidelines Issued for Licensed Financial Institutes Explore More

    News

    Kuwait Bans Crypto-Related Activities to Combat Money Laundering

    The government of Kuwait banned all crypto-related activities on July 18th, including mining, tra...

    Kuwait Bans Crypto-Related Activities to Combat Money Laundering 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

    Ukraine to Scale-up Fight Against Financial Crimes

    Ukraine’s Cabinet of Ministers has approved a plan that will strengthen the measures to prevent f...

    Ukraine to Scale-up Fight Against Financial Crimes Explore More

    News

    Irish Police warns about the latest internet fraud

    The local Irish police (Gardai) is persuading people not to fall prey to the recent online bankin...

    Irish Police warns about the latest internet fraud Explore More

    News

    Star Entertainment Group Hit with Record Fine of $100M for Money Laundering

    Australia’s gambling giant Star Entertainment Group has been charged $100 million for failing to ...

    Star Entertainment Group Hit with Record Fine of $100M for Money Laundering Explore More

    News

    UK has Suffered Fraud and Cyber Crime Losses Worth £1.3 Billion in 2021

    London incurred the highest amount of losses to cybercrime and fraud in the first half of 2021, a...

    UK has Suffered Fraud and Cyber Crime Losses Worth £1.3 Billion in 2021 Explore More

    News

    Exchanges in Nigeria to Take Measures Against Crypto Scams

    Nigerian cryptocurrency industry is to take strong measures to guarantee a safe trading environme...

    Exchanges in Nigeria to Take Measures Against Crypto Scams Explore More

    News

    FinCEN Proposes Beneficial Ownership Reporting Requirements

    The FinCEN proposed beneficial ownership reporting requirements to protect U.S financial system f...

    FinCEN Proposes Beneficial Ownership Reporting Requirements Explore More

    News

    Enhancing Transparency and Beneficial Ownership in the Fight Against Trade-Based Money Laundering

    Criminals use trade-based money laundering (TBML) to move illicit money across jurisdictions. TBM...

    Enhancing Transparency and Beneficial Ownership in the Fight Against Trade-Based Money Laundering 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

    FMA Gives Red Signal to Pencarrow Private Equity for AML/CTF Violations

    The Financial Market Authority (FMA) has issued a formal warning to Pencarrow Private Equity Mana...

    FMA Gives Red Signal to Pencarrow Private Equity for AML/CTF Violations 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

    IRS And Foreign Tax Enforcers Warn of Increasing Money Laundering Risks in NFTs

    The IRS and foreign tax enforcers have issued a warning of the increasing risks of money launderi...

    IRS And Foreign Tax Enforcers Warn of Increasing Money Laundering Risks in NFTs Explore More

    News

    Beware: Vaccine-phishing scams have risen by 500 percent

    Vaccine-phishing scams have increased by 530 per cent, as stated by a new study by Unit 42, the P...

    Beware: Vaccine-phishing scams have risen by 500 percent Explore More

    News

    Fraudulent crypto exchange shut down by UK High Court

    The UK High Court has designated the Official Receiver as liquidator of GPay Ltd, the cryptocurre...

    Fraudulent crypto exchange shut down by UK High Court Explore More

    News

    New ultrasonic hack can manipulate your digital assistant

    Researchers are advising consumers about a new type of hack that has recently emerged. It involve...

    New ultrasonic hack can manipulate your digital assistant Explore More

    News

    Crime on the Rise, Mutual Fund Investments Need KYC

    Know Your Customer (KYC) is to be implemented on all financial market-related investments. In ord...

    Crime on the Rise, Mutual Fund Investments Need KYC Explore More

    News

    The market for Digital Identity Solutions expected to double by 2024

    The market for Digital Identity Solutions is predicted to double between 2019 and 2024, as report...

    The market for Digital Identity Solutions expected to double by 2024 Explore More

    News

    U.S. Treasury Identifies Emerging Money Laundering Risks and Vulnerabilities

    The US Department of the Treasury recently issued its National Risk Assessment for Money Launderi...

    U.S. Treasury Identifies Emerging Money Laundering Risks and Vulnerabilities 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

    FATF Publishes 35 New Indicators Against Trade-based Money Laundering

    Financial Action Task Force (FATF) and Egmont group has published a new report on risk-indicators...

    FATF Publishes 35 New Indicators Against Trade-based Money Laundering Explore More

    News

    Binance to Strengthen KYC Measures & Sanctions Enforcement with New Partnerships

    The global crypto exchange Binance has announced that it will strengthen its KYC controls & s...

    Binance to Strengthen KYC Measures & Sanctions Enforcement with New Partnerships Explore More

    News

    BSP Seeks to Tighten Rules on Reporting ML/TF Threats

    The Bangko Sentral ng Pilipinas (BSP) is seeking to tighten guidelines on reporting threats relat...

    BSP Seeks to Tighten Rules on Reporting ML/TF Threats Explore More

    News

    Bank of England fines Citigroup £44m Over Poor Financial Information

    The Bank of England has fined the UK branch of the US bank, Citigroup, a record £44m because the ...

    Bank of England fines Citigroup £44m Over Poor Financial Information Explore More

    News

    BC Money Laundering Inquiry Report Calls for New Law Enforcement Unit

    BC has released a money laundering report that carries multiple recommendations and includes the ...

    BC Money Laundering Inquiry Report Calls for New Law Enforcement Unit Explore More

    News

    Nonprofit Guam Shrine Club Under Fire for Alleged Illegal Gambling and Money Laundering

    Seven people, three GSC officers and four other individuals from Guam Shrine Club, a nonprofit or...

    Nonprofit Guam Shrine Club Under Fire for Alleged Illegal Gambling and Money Laundering Explore More

    News

    USD 10.4 Billion Paid by Financial Groups in 2020 in Regulatory Fines

    Know Your Customer and Anti-money Laundering non-compliance penalties rose 26% this year. Many pr...

    USD 10.4 Billion Paid by Financial Groups in 2020 in Regulatory Fines 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

    The FATF Gives The Philippines 2-3 Months to Address Remaining Deficiencies

    Chuchi G. Fonacier, Deputy Governor of the BSP, said 4 of the 8 remaining Financial Action Task F...

    The FATF Gives The Philippines 2-3 Months to Address Remaining Deficiencies Explore More

    News

    FCA Imposed a $1.05M fine on Barclays Bank for “Oversight Failings”

    The U.K. Financial Conduct Authority (FCA) on Monday revealed that it imposed a fine of 783,800 p...

    FCA Imposed a $1.05M fine on Barclays Bank for “Oversight Failings” Explore More

    News

    Credit Cards are Risky for Crypto Transactions, Says Taiwan’s Financial Watchdog

    Credit cards should not be used for crypto-related transactions, as stated by Taiwan’s financial ...

    Credit Cards are Risky for Crypto Transactions, Says Taiwan’s Financial Watchdog 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