The Top 10  Most Difficult Countries for Identity Verification

The Top 10  Most Difficult Countries for Identity Verification

Download Report

Fraudsters are all set to exploit Black Friday sales. Beware!

Fraudsters-are-all-set-to-exploit-Black-Friday-sales-Beware-min

Criminals are aware that at this time of the year, shoppers are looking for discounted deals and might be easily manipulated into clicking on the links that they are not supposed to and share their personal information. 

Police urged people to not be hasty in buying things or giving out their personal information to uncertain platforms. They need to make sure that the website is legitimate before purchasing the items.

There has been an 80% increase in the fraud that the customers faced with online shopping. The problems consist of scams, defective goods, violating customer rights, and chargebacks, etc.

This concern is a part of the National Consumer Week and International Fraud Awareness Week and it will guide people to be cautious of the risks while buying things online.

Due to the ongoing pandemic, this has been a perfect opportunity for the fraudsters to exploit shoppers. Frauds such as delivery fraud, fake emails, phishing emails, and scams have relatively increased. 

A police officer Alison Wiles stated: “Courier fraudsters are possibly the most callous in my opinion – they’re able to look their victim in the eye and lie to them, often frightening a vulnerable person into giving them huge sums of money. They initiate contact primarily over the phone, posing to be a trusted police officer or bank official and ask the victim to either purchase expensive items for ‘evidence’ or remove large quantities of money from their account after claiming a mistake has been made, only to be collected by a fake ‘courier’”.

Elderly and simple-minded people who are living alone during the lockdown are the ones who are most at risk of being frauded. The police officers are asking those who are more knowledgeable regarding fraud to guide those who have less knowledge about it. 

Related Posts

News

Authorities Warn that the Current Crypto Landscape is Plagued with Scam

According to the Connecticut State Police, the emerging virtual cryptocurrency market is prone to...

Authorities Warn that the Current Crypto Landscape is Plagued with Scam Explore More

News

Natwest Caps Transfer Limit to Binance Over Fraud Concerns

Natwest bank is scrutinizing cryptocurrency transactions, including Binance transactions, due to ...

Natwest Caps Transfer Limit to Binance Over Fraud Concerns Explore More

News

CBN Fines GTBank N128M for Failing to Meet AML and CTF Requirements

The Central Bank of Nigeria (CBN) has charged Guaranty Trust Bank (GTBank) with N128 million for ...

CBN Fines GTBank N128M for Failing to Meet AML and CTF Requirements Explore More

News

South Africa Issues Stricter Guidelines for Crypto Traders

To prevent the surging cases of financial crime, South Africa has introduced rigid regulations fo...

South Africa Issues Stricter Guidelines for Crypto Traders Explore More

News

UK Parliament Legislates New Digital Identity Verification Services Bill

On Wednesday, in the King’s Speech, the UK government presented a new Digital Identity Verificati...

UK Parliament Legislates New Digital Identity Verification Services Bill Explore More

News

IRS Highlights Potential Risk of Fraud in NFTs and Cryptocurrencies

IRS highlights Non-Fungible Token (NFTs) and crypto as the potential risk of financial crimes, in...

IRS Highlights Potential Risk of Fraud in NFTs and Cryptocurrencies Explore More

News

UN Warns of Money Laundering Risks Arising from Mekong Region Casinos

According to the U.N. Office on Drugs and Crime, the bond of China and Thailand with Myanmar is g...

UN Warns of Money Laundering Risks Arising from Mekong Region Casinos Explore More

News

US Treasury Publishes National Risk Assessments for Financial Crimes

The US Treasury has published the 2022 National Risk Assessments (NRAs) on Money Laundering (NMLR...

US Treasury Publishes National Risk Assessments for Financial Crimes 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

‘Left in Limbo’: Cryptocurrency Exchanges React to FCA Registration Deadline

Today is the deadline for the digital currency firms to be registered with the UK’s financial reg...

‘Left in Limbo’: Cryptocurrency Exchanges React to FCA Registration Deadline Explore More

News

Electronics Giant Samsung Confirms a Data Breach Affecting Personal Information of Customers

Samsung announced a data breach involving customers’ personal information, assuring that so...

Electronics Giant Samsung Confirms a Data Breach Affecting Personal Information of Customers Explore More

News

Queensland Launches New Inquiry into Star Entertainment’s Money Laundering Controls

Queensland initiates a new investigation to examine the money laundering controls of the Gambling...

Queensland Launches New Inquiry into Star Entertainment’s Money Laundering Controls Explore More

News

FCA Fines Gatehouse Bank £1.58mn for Breaching Money Laundering Regulations

The Financial Conduct Authority (FCA) has fined Gatehouse Bank £1.58 million. The regulator disco...

FCA Fines Gatehouse Bank £1.58mn for Breaching Money Laundering Regulations Explore More

News

UK FCA Orders Illegal Crypto Service Providers to Shut Down ATMs

The UK’s Financial Conduct Authority has ordered crypto firms operating illegally in the country ...

UK FCA Orders Illegal Crypto Service Providers to Shut Down ATMs Explore More

News

AUSTRAC Partners With UK Counterpart to Fight Fraud

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

AUSTRAC Partners With UK Counterpart to Fight Fraud Explore More

News

Aussies Lost Record-breaking $851 million During COVID-19: ACCC Reports

Amid the pandemic, Australians lost a record-breaking amount of $851 million in 2020. According t...

Aussies Lost Record-breaking $851 million During COVID-19: ACCC Reports Explore More

News

EU Endorses New Crypto Tax Data Sharing Rules

Strict obligations are set to be implemented in the EU’s digital assets industry. Tax authorities...

EU Endorses New Crypto Tax Data Sharing Rules Explore More

News

Foxconn Becomes the Victim of Ransomware Attack

A ransomware attack has impacted an electronic manufacturer, Foxconn, very badly. This attack was...

Foxconn Becomes the Victim of Ransomware Attack Explore More

News

FATF Claims Golden Visa Programs Raise Financial Crimes Activities

The international regulatory body, Financial Action Task Force (FATF), reported that Citizenship ...

FATF Claims Golden Visa Programs Raise Financial Crimes Activities 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

HEDA Calls for Professional Regulatory Bodies to Sanction Corruption Enablers

The Human and Environmental Development Agenda (HEDA), the leading civic society organization on ...

HEDA Calls for Professional Regulatory Bodies to Sanction Corruption Enablers Explore More

News

Crypto Bill Approved by the US Congress Set to Revamp Digital Asset Securities

The US Congress presented comprehensive legislation for the crypto market to redefine workflows a...

Crypto Bill Approved by the US Congress Set to Revamp Digital Asset Securities Explore More

News

Malaysia Leads Southeast Asian Peers in Implementing Anti-Money Laundering and Counter-Terrorism Financing Regulations

Malaysian financial institutes are leading other South Asian countries in complying with anti-mon...

Malaysia Leads Southeast Asian Peers in Implementing Anti-Money Laundering and Counter-Terrorism Financing Regulations Explore More

News

Nigeria’s Senate Passes Bill to Tighten Money Laundering Rules

Nigeria’s Senate has passed a bill that is aimed at improving the country’s money laundering regu...

Nigeria’s Senate Passes Bill to Tighten Money Laundering Rules Explore More

News

Black Friday Shoppers Alert: Digital Scam Victims Lose an Average of £1,000 Each

Black Friday shoppers have been advised to strengthen their cybersecurity as NFIB revealed that v...

Black Friday Shoppers Alert: Digital Scam Victims Lose an Average of £1,000 Each Explore More

News

The third man involved in ID theft scheme and money laundering is sentenced to jail

Minnesota man among the three criminals involved ID theft scheme and money laundering has finally...

The third man involved in ID theft scheme and money laundering is sentenced to jail Explore More

News

FCA Fines TJM Partnership Limited £2 Million for Money Laundering

The Financial Conduct Authority has fined the investment firm TJM Partnership Limited £2m for ser...

FCA Fines TJM Partnership Limited £2 Million for Money Laundering 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

UAE: Virtual Asset Fraudsters to Face Imprisonment, Dh 1M Fine

Residents in the UAE have been advised to perform due diligence procedures prior to investing in ...

UAE: Virtual Asset Fraudsters to Face Imprisonment, Dh 1M Fine Explore More

News

AGA Issues Updated AML Compliance Guidelines for the Gaming Industry

American Gaming Association (AGA) launches the third edition of the Best Practices of AML Complia...

AGA Issues Updated AML Compliance Guidelines for the Gaming Industry Explore More

News

Remarkable Progress in Facial Recognition Revealed by a New Study

Could you have imagined a few years ago that you could be identified from your brain scan? The id...

Remarkable Progress in Facial Recognition Revealed by a New Study Explore More

News

EU Freezes $130 Million Worth of Assets Linked to Money Laundering in Lebanon

France, Germany, and Luxembourg have seized the properties and frozen assets worth $130 million l...

EU Freezes $130 Million Worth of Assets Linked to Money Laundering in Lebanon Explore More

News

Uganda Remains Greylisted by FATF for Money Laundering

There will be no change to Uganda’s status on the “grey list” due to the countr...

Uganda Remains Greylisted by FATF for Money Laundering Explore More

News

US Task Force Seizes Another Superyacht in the Battle Against Russian Oligarchs’ Corruption

A new US task force has partnered with the IRS and global entities to take down Russian oligarchs...

US Task Force Seizes Another Superyacht in the Battle Against Russian Oligarchs’ Corruption Explore More

News

Austria- The Growing Hub of Cryptocurrency Approves 18 Operating License

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

Austria- The Growing Hub of Cryptocurrency Approves 18 Operating License Explore More

News

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

Louisiana Approves First Regulation Requiring Age Verification to Access Pornography Sites

Louisiana’s House of Representatives passed the bill against age verification in the porn industr...

Louisiana Approves First Regulation Requiring Age Verification to Access Pornography Sites Explore More

News

EU Takes First Step to Set Up Anti-Money Laundering Supervisor

The European Union should contemplate creating an independent agency to supervise anti-money laun...

EU Takes First Step to Set Up Anti-Money Laundering Supervisor Explore More

News

Members of Spalding Club Charged for Money Laundering Through Investment Scheme

Lincolnshire police reported suspected fraud cases in connection with a trading-based investment ...

Members of Spalding Club Charged for Money Laundering Through Investment Scheme Explore More

News

Coronavirus affects challenger banks as app downloads decline

According to Finbold, top challenger banks in the United Kingdom have noticed a sudden decline in...

Coronavirus affects challenger banks as app downloads decline 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

U.K Accelerates New Plans to Crack Down on Foreign Money Laundering Activities

The U.K plans to crack down on money laundering activities, legislate new laws to register foreig...

U.K Accelerates New Plans to Crack Down on Foreign Money Laundering Activities Explore More

News

Online fraud attempts increase during COVID-19 catastrophe

According to ACI Worldwide, the rate of fraud attempts have increased to 4.3% in April, slightly ...

Online fraud attempts increase during COVID-19 catastrophe Explore More

News

Experts Warn Many Firms Will Face Challenges With Latest FCA UK Crypto Law

The UK’s Financial Conduct Authority (FCA) updated the crypto industry regulations recently, whic...

Experts Warn Many Firms Will Face Challenges With Latest FCA UK Crypto Law Explore More

News

France to Test Digital Currency in the First Quarter of 2020

The digital currency race is building up and every country wants to take part in it. Now, Banque ...

France to Test Digital Currency in the First Quarter of 2020 Explore More

News

Economic uncertainty ‘a breeding ground for fraud and financial crime

The FATF has warned that the Coronavirus outbreak has caused unparalleled challenges in the econo...

Economic uncertainty ‘a breeding ground for fraud and financial crime Explore More

News

Rabobank Fined EUR 500K for Ineffective KYC Compliance

The Dutch Central Bank (DNB) instructed Rabobank to enhance their CDD, transaction monitoring, an...

Rabobank Fined EUR 500K for Ineffective KYC Compliance Explore More

News

AUSTRAC Outlines Common Reporting Mistakes at Industry Outreach Event

Australian regulator, AUSTRAC, highlighted important reporting errors in AML/CFT programmes of re...

AUSTRAC Outlines Common Reporting Mistakes at Industry Outreach Event Explore More

News

FATF Reveals Qatar’s Failure to Enforce Crypto Ban to Combat Money Laundering

Qatari authorities have taken naive action against crypto companies that violated a ban announced...

FATF Reveals Qatar’s Failure to Enforce Crypto Ban to Combat Money Laundering Explore More

News

FinCEN Alerts FIs of Sanction Evasion by Russian Entities Implicated in U.S. Commercial Property Investments

FinCEN alerted all the Financial Institutions warning about the risk of investment from sanctione...

FinCEN Alerts FIs of Sanction Evasion by Russian Entities Implicated in U.S. Commercial Property Investments Explore More

News

Iran’s President Has Called for Legal Framework For Crypto Trading

Hassan Rouhani, the Iranian President, wants to legalize crypto trading and safeguard national in...

Iran’s President Has Called for Legal Framework For Crypto Trading Explore More

News

Turkish President Announces New Crypto Bill to Legalize Virtual Assets

Turkey’s Parliament to announce the cryptocurrency bill in the coming weeks. Legal framework will...

Turkish President Announces New Crypto Bill to Legalize Virtual Assets 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

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

EU Parliament Reaches Provisional Agreement on Extending Rules for Crypto Assets

The Council Presidency has reached a provisional agreement with the EU Parliament regarding the r...

EU Parliament Reaches Provisional Agreement on Extending Rules for Crypto Assets Explore More

News

Cambodia and China Strengthen Ties to Combat Illegal Online Gambling and Scams

China’s Premier Li Keqiang and Cambodia’s PM Hun Sen have given a green signal to strengthen thei...

Cambodia and China Strengthen Ties to Combat Illegal Online Gambling and Scams Explore More

News

Real Estate Money Laundering Rises, KCB Dragged to Court for AML Breach

Real Estate development and construction company Tirupati Development Limited has dragged KCB Ban...

Real Estate Money Laundering Rises, KCB Dragged to Court for AML Breach Explore More

News

Optus Data Breach Leaves Millions of Australians at Risk of Identity Theft

The APF is investigating Optus’s data breach that involves millions of customers’ per...

Optus Data Breach Leaves Millions of Australians at Risk of Identity Theft Explore More

News

BaFin Imposes $10M Fine on Deutsche Bank for Euribor Control Failing

Deutsche Bank faces challenges as BaFin imposes a 10-million dollar fine for Euribor control fail...

BaFin Imposes $10M Fine on Deutsche Bank for Euribor Control Failing Explore More

News

Banks in the UK Face Customer Frustration for Digital Identity Checks

The global analytics software service provider FICO has reported that the banks in the United Kin...

Banks in the UK Face Customer Frustration for Digital Identity Checks Explore More

News

AFSA Amends AML/CFT Rules for Compliance with FATF Recommendations

AFSA has introduced amendments to the AIFC Anti-Money Laundering and Counter-Terrorist Financing ...

AFSA Amends AML/CFT Rules for Compliance with FATF Recommendations Explore More

News

Banks take measures to serve customers amid COVID-19

The banking industry is stepping up to serve customers as well as their employees as the Coronavi...

Banks take measures to serve customers amid COVID-19 Explore More

News

Lebanon Central Bank Denies Money Laundering Allegations and Embezzlement Charges

The governor of the Lebanese central bank appeared in the first court hearing on the premise of s...

Lebanon Central Bank Denies Money Laundering Allegations and Embezzlement Charges 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

Hong Kong’s SFC Plans to Regulate Digital Asset Trading Platforms

Hong Kong’s Securities and Future Commission has proposed strict rules for digital asset exchange...

Hong Kong’s SFC Plans to Regulate Digital Asset Trading Platforms Explore More

News

US DOJ Files Cases to Stop Russian Money Laundering Networks

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

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

News

The Philippines Introduces Crypto Guidelines Against Financial Crimes

The Philippines Monetary Board (MB) has approved the guidelines regarding the virtual assets serv...

The Philippines Introduces Crypto Guidelines Against Financial Crimes Explore More

News

UK Publishes First National Risk Assessment of Proliferation Financing

The UK is at a high risk of proliferation financing for Korea and Iran, while UK financial instit...

UK Publishes First National Risk Assessment of Proliferation Financing Explore More

News

Japan’s Self-Regulatory Crypto System Gets Warned of Delays in AML Rules

Japan’s JVCEA has been warned by the Financial Services Agency of the delays in the introduction ...

Japan’s Self-Regulatory Crypto System Gets Warned of Delays in AML Rules Explore More

News

FATF Discloses Outcomes of October Plenary Meeting

The international regulatory authority, Financial Action Task Force (FATF), concluded its fourth ...

FATF Discloses Outcomes of October Plenary Meeting Explore More

News

Fake NFT Sold for £244k from Artist “Banksy’s” Website

A fake link directed bidders to an online auction for Banksy’s NFT, which was posted on the now-d...

Fake NFT Sold for £244k from Artist “Banksy’s” Website 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

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

    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