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

    3.138.137.25

    Identity Thieves on the Hunt for Universal Credit Payments

    identity thieves

    The UK’s Department for Work and Pension (DWP) has been warning people for not repaying for the benefits that they never seem to have received. 

    The latest investigation shows that the universal credit payments scheme fell prey to criminal gangs. These fraudsters steal other people’s identities and get an illegitimate claim to their advance payments for universal credit payments. They steal the funds and the victim of the identity theft is left to pay the bills for the payments never claimed.

    This is a multi-million-pound benefits fraud that has affected hard-working people. A large amount of money is being deducted from their wages as repayment of funds that were stolen by the criminals.

    There used to be a face-to-face interview in order to qualify for universal credit payments. However, because of the COVID-19 pandemic, the face-to-face interviews were suspended. This is when the criminals use this to their advantage and struck. 

    An NHS care worker has become a victim of this fraud and has lost £1,500 through his pay. For people who don’t start repaying after five to six weeks of claiming the advance payments, the universal credit starts the process of taking the money out of their pays.

    According to the figures gathered by Labour MP Stephen Timms, it shows that around 6,000 claims have been made of stolen identities to the Department for Work and Pension from June till December. However, the government believes that the scam to be much bigger than it seems and it is fast growing. 

    Mr. Timms has urged the DWP to properly investigate cases. He said: “I don’t think they should be taking money from people’s pay unless they’re confident money is actually owing.”

    Related Posts

    News

    NSW Government Introduces New Money Laundering Laws To Combat Organised Crimes

    The New South Wales government  add new laws to increase the security against the criminal gangs ...

    NSW Government Introduces New Money Laundering Laws To Combat Organised Crimes Explore More

    News

    1.6M Unemployment Claim Filers Exposed Due to Data Breach

    The Washington State Auditor’s Office has investigated an incident that has exposed the personal ...

    1.6M Unemployment Claim Filers Exposed  Due to Data Breach 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

    Better Business Bureau of North America Warns of Increased Scams & Fraud

    On April 11, Marilyn Mott, director of the Better Business Bureau’s Prescott office, addressed a ...

    Better Business Bureau of North America Warns of Increased Scams & Fraud Explore More

    News

    Ransomware attacks three US universities

    A ransomware group has successfully stricken three universities within the week. They claim that ...

    Ransomware attacks three US universities Explore More

    News

    Cryptocurrency Fraud Reports to UK Action Fraud More Than Double in 2021

    The study advises financial regulators to place more pressure on cryptocurrency institutions to c...

    Cryptocurrency Fraud Reports to UK Action Fraud More Than Double in 2021 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

    Kount integrates AI software for immediate identity verification

    Kount, a fraud prevention firm is planning on introducing the Identity Trust Global Network for t...

    Kount integrates AI software for immediate identity verification Explore More

    News

    Fraudsters Seek Fake COVID Test Reports as New Travel Restrictions Roll Out

    As the new travel restrictions are imposed to omit the spread of the coronavirus, the fraudsters ...

    Fraudsters Seek Fake COVID Test Reports as New Travel Restrictions Roll Out Explore More

    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

    FCA Probe into Barclays for Anti-Money Laundering Failings

    The Financial Conduct Authority opened a probe into Barclays for suspected failings in compliance...

    FCA Probe into Barclays for Anti-Money Laundering Failings Explore More

    News

    MEF Implements New Tax Rules on Commercial Gambling Businesses to Curb Financial Crime

    The Ministry of Economy and Finance (MEF) brought about new tax rules on commercial gambling busi...

    MEF Implements New Tax Rules on Commercial Gambling Businesses to Curb Financial Crime Explore More

    News

    AML Task Force Samlit Reports Success in Keeping Fraudsters at Bay

    SA Anti-Money Laundering Integrated Task Force (Samlit) claims that it is competent in combating ...

    AML Task Force Samlit Reports Success in Keeping Fraudsters at Bay Explore More

    News

    US Banking Regulator Advises Federal Licensing Framework for Crypto Firms

    Brian Brooks, Chief Operating Officer of the U.S. Office of the Comptroller of the Currency (OCC)...

    US Banking Regulator Advises Federal Licensing Framework for Crypto Firms Explore More

    News

    Hong Kong Police Reveals 822 Romance Scams Occurred in 1H of 2021

    The Hong Kong Police has advised the public to remain cautious when meeting people online due to ...

    Hong Kong Police Reveals 822 Romance Scams Occurred in 1H of 2021 Explore More

    News

    Hogan and other US Top Official Become the Victim of Identity Theft

    A fraud scheme attacking top government officials of Maryland State has been uncovered. The schem...

    Hogan and other US Top Official Become the Victim of Identity Theft Explore More

    News

    South Africa Introduces Biometric Child Registration To Stop ID Theft

    The Department of Home Affairs (DHA) in South Africa recently introduced a new method of biometri...

    South Africa Introduces Biometric Child Registration To Stop ID Theft Explore More

    News

    The Law Society of Kenya Discusses Legalisation for Reporting of AML Cases

    The annual conference of the Law Society of Kenya (LSK) was held at the weekend in Diani, the Pre...

    The Law Society of Kenya Discusses Legalisation for Reporting of AML Cases Explore More

    News

    FCA Dismisses Temporary Permissions of 4 EU Firms Operating in the UK

    UK’s Financial Conduct Authority (FCA) has called out EU firms operating in the UK to meet their ...

    FCA Dismisses Temporary Permissions of 4 EU Firms Operating in the UK Explore More

    News

    HKMA Fines Four Banks with $5.7 Million for AML Failings

    Hong Kong’s financial regulator has imposed fines on four banks with a combined amount of $5.7 mi...

    HKMA Fines Four Banks with $5.7 Million for AML Failings Explore More

    News

    BC Law Society Holds Honorary Consul of Ukraine Accountable for Failure to Prevent Money Laundering

    BC Law Society holds Ukraine’s Honorary Consul accountable for failing to prevent money launderin...

    BC Law Society Holds Honorary Consul of Ukraine Accountable for Failure to Prevent Money Laundering Explore More

    News

    FSA Japan Considers Imposing Stricter Regulation on Cryptocurrency

    The updated regulation will be designed to provide better protection to Japanese investors. Accor...

    FSA Japan Considers Imposing Stricter Regulation on Cryptocurrency Explore More

    News

    Malta Claps Back To Allegations Of “Lax Crypto Oversight”

    A business unit within Malta’s Chamber of Commerce has shut down all accusations that state that ...

    Malta Claps Back To Allegations Of “Lax Crypto Oversight” 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

    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

    Canada to Establish Beneficial Ownership Registry to Fight Financial Crimes

    The Candian Federal budget has brought good news for the supporters of anti-money laundering. The...

    Canada to Establish Beneficial Ownership Registry to Fight Financial Crimes Explore More

    News

    Regional Watchdog Assesses the AML Protocols Followed by Liberia to Fight Money Laundering

    The Financial Intelligence Unit of Liberia has established the Inter-governmental Action Group Ag...

    Regional Watchdog Assesses the AML Protocols Followed by Liberia to Fight Money Laundering Explore More

    News

    China Postpones New AML Rules Amid Privacy Concerns and Pushbacks

    China has delayed the introduction of new rules for due diligence as financial institutions requi...

    China Postpones New AML Rules Amid Privacy Concerns and Pushbacks Explore More

    News

    FATF to Blacklist Uganda Over Money Laundering

    The Executive Director of the Finance Intelligence Authority, Sydney Asubo stated that the FATF h...

    FATF to Blacklist Uganda Over Money Laundering Explore More

    News

    UK Exposed to Significant Trade-based Money Laundering Risks Post-Brexit

    Risks related to trade-based money laundering in the UK are expected in the upcoming years, accor...

    UK Exposed to Significant Trade-based Money Laundering Risks Post-Brexit Explore More

    News

    FCIU Uncovers Money Laundering Patterns Through Social Media Scams

    South Yorkshire law enforcement authority has seized EUR 70,000 placed in the illicit gambling ac...

    FCIU Uncovers Money Laundering Patterns Through Social Media Scams Explore More

    News

    Singapore Passes Stringent Regulations to Clamp Down on Money Mules

    Singapore has passed stringent regulations to clamp down on money mules and those who give contro...

    Singapore Passes Stringent Regulations to Clamp Down on Money Mules Explore More

    News

    Switzerland Introduces New Regulations To Clamp Down on Money Laundering

    Switzerland proposed new Anti-Money Laundering (AML) regulations to crack down on money launderin...

    Switzerland Introduces New Regulations To Clamp Down on Money Laundering Explore More

    News

    Australia’s Money Laundering Failures Increase Risk of Russia Sanctions

    Australia is facing embarrassment on the possibility of being placed on the FATF’s “grey list” fo...

    Australia’s Money Laundering Failures Increase Risk of Russia Sanctions Explore More

    News

    EU Limits Use of Cash and Cryptocurrency to Curb Financial Fraud

    The European Union (EU) has issued new measures to limit use of cash and cryptocurrencies to tack...

    EU Limits Use of Cash and Cryptocurrency to Curb Financial Fraud Explore More

    News

    LocalBitcoins Matching Exchange, Cited By U.S. In Bizlato Case, To Shut Down After 10 Years

    LocalBitcoins, the crypto firm named by the US treasury in the Bizlato exchange case, has announc...

    LocalBitcoins Matching Exchange, Cited By U.S. In Bizlato Case, To Shut Down After 10 Years Explore More

    News

    Treasury to Require Car Dealers to Reveal the Identities and Sources of Income of Buyers

    The Treasury of Kenya will require car dealers to provide the identities and sources of their inc...

    Treasury to Require Car Dealers to Reveal the Identities and Sources of Income of Buyers Explore More

    News

    Swiss FinTech Firm LeonTeq ‘Strongly Refutes’ Allegations of Suspicious Transactions

    Swiss FinTech firm LeonTeq has rejected allegations of suspicious transactions with possible link...

    Swiss FinTech Firm LeonTeq ‘Strongly Refutes’ Allegations of Suspicious Transactions Explore More

    News

    NZ FMA Announces to Tighten AML/CFT Approach

    FMA intends to closely monitor firms’ processes, with comprehensive assessments of how they onboa...

    NZ FMA Announces to Tighten AML/CFT Approach Explore More

    News

    Kenya’s High Court Freezes Sh15 Billion Over Suspected Crime and Money Laundering

    The High Court of Kenya has frozen more than Sh15 billion over suspected proceeds of Money Launde...

    Kenya’s High Court Freezes Sh15 Billion Over Suspected Crime and Money Laundering Explore More

    News

    Southern District of New York Alleges Danske Bank against Serious AML Scandal

    SDNY sentences Danske Bank with three years of probation on the tale of whistleblowing and mislea...

    Southern District of New York Alleges Danske Bank against Serious AML Scandal Explore More

    News

    Russians Approach UAE’s Crypto Firms in Search of Safe Havens

    The UAE’s crypto firms and real estate sector are being used by Russians as safe havens to liquid...

    Russians Approach UAE’s Crypto Firms in Search of Safe Havens Explore More

    News

    U.S. SEC chair nominated to regulate crypto oversight

    William Barr, United States Attorney General announced that President Trump is likely to task Jay...

    U.S. SEC chair nominated to regulate crypto oversight Explore More

    News

    Cambodian Minister of Justice Addresses AML Action Plan to Escape FATF’s Gray List

    The Minister of Justice Koeut Rith has advised all financial institutions to continue their coope...

    Cambodian Minister of Justice Addresses AML  Action Plan to Escape FATF’s Gray List 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

    Finance Minister Şimşek States Turkey will Devote Itself to the Prevention of Money Laundering

    Deputy Treasury and Finance Minister Mehmet Şimşek stated that Türkiye would counter terrorist fi...

    Finance Minister Şimşek States Turkey will Devote Itself to the Prevention of Money Laundering Explore More

    News

    Buy Now Pay Later Service Openpay Warned for AML Violations

    Te Tari Taiwhenua, the Department of Internal Affairs, has issued a warning to an Australian Buy ...

    Buy Now Pay Later Service Openpay Warned for AML Violations Explore More

    News

    Authorities Struggle in Mexico as Cartels Use Crypto for Laundering Funds

    The head of financial intelligence in Mexico has revealed that the law enforcement authorities ar...

    Authorities Struggle in Mexico as Cartels Use Crypto for Laundering Funds 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 Dismisses Temporary Permissions of 4 EU Firms Operating in the UK

    UK’s Financial Conduct Authority (FCA) has called out EU firms operating in the UK to meet their ...

    FCA Dismisses Temporary Permissions of 4 EU Firms Operating in the UK Explore More

    News

    HM Revenue & Customs (HMRC) Fines Property Firms Over £1 Million for Money Laundering Violations

    HM Revenue & Customs has fined property firms more than £1 million for not complying with ant...

    HM Revenue & Customs (HMRC) Fines Property Firms Over £1 Million for Money Laundering Violations Explore More

    News

    Sberbank Warns Russians; Cybercrime Cost the Nation $49bn in 2020

    According to Russia’s largest state-owned bank, Sberbank, the total amount the citizens along wit...

    Sberbank Warns Russians; Cybercrime Cost the Nation $49bn in 2020 Explore More

    News

    Bank of Spain Issues New Cryptocurrency Regulations

    Virtual asset service providers, banks, and other financial institutions are now required to regi...

    Bank of Spain Issues New Cryptocurrency Regulations Explore More

    News

    UAE to Include Crypto Framework in their 2021 Business Agenda

    The financial watchdogs in the UAE are looking towards developing a detailed crypto framework in ...

    UAE to Include Crypto Framework in their 2021 Business Agenda Explore More

    News

    Amended Secrecy Law to Help Philippines Exit the Grey-List

    The Philippines has proposed amendments to the Banking Secrecy Law to regulate financial accounts...

    Amended Secrecy Law to Help Philippines Exit the Grey-List Explore More

    News

    Bitcoin ATMs face stricter regulations over money laundering

    According to experts, Bitcoin ATMs (BATMs) will face stern regulations globally, with countries s...

    Bitcoin ATMs face stricter regulations over money laundering Explore More

    News

    ECB Will Be Launching Digital Euro Project

    An electronic equivalent of banknotes and coins, the digital euro will likely be a digital wallet...

    ECB Will Be Launching Digital Euro Project Explore More

    News

    Colombia Releases New Regulations For Crypto Firms Operating in the Country

    The Colombian government passed new drafts for the local crypto organisations to continue operati...

    Colombia Releases New Regulations For Crypto Firms Operating in the Country Explore More

    News

    Credit Suisse Held Accountable for Money Laundering in Swiss Cocaine Cash Case

    Credit Suisse was declared guilty by the Swiss Federal Criminal Court of deficient measures again...

    Credit Suisse Held Accountable for Money Laundering in Swiss Cocaine Cash Case Explore More

    News

    Bithumb, Coinone and Korbit Team Up for FATF Travel Rule Compliance

    Bithumb, Coinone and Korbit have founded a joint venture to facilitate all efforts for maintainin...

    Bithumb, Coinone and Korbit Team Up for FATF Travel Rule Compliance Explore More

    News

    Global Plight: Australia Paves the Way for Money Laundering in the Property

    Australia facilitates money laundering through the property, causing a global plight and perpetua...

    Global Plight: Australia Paves the Way for Money Laundering in the Property 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

    Canada’s Federal Government Announces Public Consultation Regarding a New Framework for Digital Identity

    Canada’s government announces public consultation for creating a federally regulated digital iden...

    Canada’s Federal Government Announces Public Consultation Regarding a New Framework for Digital Identity Explore More

    News

    Hacker attempts to steal crypto via fake Google Chrome extensions

    A hacker is exploiting trust in renowned brands by creating fake cryptocurrency wallet extensions...

    Hacker attempts to steal crypto via fake Google Chrome extensions Explore More

    News

    Biden Increases 50% Budget for FinCEN to Omit Financial Crimes

    President Joe Biden of the USA is pushing a plan for a 50% increase in the budget set aside for t...

    Biden Increases 50% Budget for FinCEN to Omit Financial Crimes Explore More

    News

    Man arrested for money laundering offenses related to COVID-19

    A 39-year-old Singaporean man has been apprehended for his suspected involvement in money launder...

    Man arrested for money laundering offenses related to COVID-19 Explore More

    News

    UK Watchdog Fines Al Rayan Bank 4M Pounds Over AML Control Failures

    FCA, Britain’s financial watchdog, revealed on Wednesday, 11th Jan 2023 that it had imposed...

    UK Watchdog Fines Al Rayan Bank 4M Pounds Over AML Control Failures 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

    Japanese financial watchdog frowns on gambling dapps

    Regulators in Japan may be more likely to accept new digital currencies for trading if they have ...

    Japanese financial watchdog frowns on gambling dapps Explore More

    News

    HKMA Issues Mandate to Encourage Innovation in AML/CFT

    Hong Kong’s Monetary Authority is set to launch interactive lab sessions to experiment with innov...

    HKMA Issues Mandate to Encourage Innovation in AML/CFT Explore More

    News

    SEC Chair Gary Gensler Turns to Congress to Address Crypto Wild West

    SEC Chairman stresses the need for proper checks on crypto exchange platforms, given the volatili...

    SEC Chair Gary Gensler Turns to Congress to Address Crypto Wild West Explore More

    News

    Hong Kong Crypto Exchange Platform JPEX Involved in a $178M Fraud

    Hong Kong Authorities claimed they received over 23,000 complaints against the Dubai-registered c...

    Hong Kong Crypto Exchange Platform JPEX Involved in a $178M Fraud 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