The Top 10  Most Difficult Countries for Identity Verification

The Top 10  Most Difficult Countries for Identity Verification

Download Report

Internet fraud complaints went up by 30% last year

internet fraud complaints

As per Economic Affairs Minister Nathalie Muylle, Belgium’s Economic Inspection Unit received 29% more complaints of Internet fraud in 2019 than last year.

In response to a question from a parliamentarian, Ms. Muylle stated her ministry’s contact point had received 9,142 similar complaints last year, as opposed to 7,082 in 2018, with individuals being a major reason for the increase.

The most common complaints were linked with fraudulent practices, unwelcome publicity, undelivered goods or services, data protection violations, and unwanted deliveries. Most of the complaints are sent to the Economic Inspection Unit.

According to the minister, complaints of online stores’ counterfeiting rose up by 3.3%. By the end of March, 13 charges had been reported, more than half the amount for the last year.

Since 2015, no less than 8,858 fake online stores have been sealed by the Economic Inspection Unit and the Customs Department.

Related Posts

News

EFCC Urges DNFBPs to Align Operations with Newly Enacted Money Laundering Prohibition and Prevention Act 2022

EFCC has called on designated non-financial businesses and professions to conduct their dealings ...

EFCC Urges DNFBPs to Align Operations with Newly Enacted Money Laundering Prohibition and Prevention Act 2022 Explore More

News

‘Money Laundering risk is higher in banks in Mexico than crypto firms’, says FIU report

According to the new report generated by the country’s financial intelligence unit (FIU), the ban...

‘Money Laundering risk is higher in banks in Mexico than crypto firms’, says FIU report Explore More

News

Singapore Under High Scrutiny Amid Money Laundering Scandal

Singapore, an immaculate business hub, is under fire for one of the largest money laundering case...

Singapore Under High Scrutiny Amid Money Laundering Scandal Explore More

News

Netflix ‘Update your payment” phishing scam is bypassing email spam filters

Phishing scams are taking a new turn as more and more people are using streaming services during ...

Netflix ‘Update your payment” phishing scam is bypassing email spam filters Explore More

News

Hong Kong Launches Meta Verse to Combat Crypto Crime

CyberDefender Metaverse is the first metaverse platform launched by Hong Kong Police to combat cr...

Hong Kong Launches Meta Verse to Combat Crypto Crime 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

Uruguay Faces 3 Obstacles in the Fight Against Money Laundering

Uruguay’s national secretariat unit, SENACLAFT, revealed three obstacles in fighting money launde...

Uruguay Faces 3 Obstacles in the Fight Against Money Laundering Explore More

News

Visa: CBDC is the most important trend in payments

According to Visa’s Head of Crypto, Central Bank Digital Currencies, or CBDC, seems to be one of ...

Visa: CBDC is the most important trend in payments Explore More

News

SEC Warns Philippines Companies on Lack of AML Compliance

The Securities Exchange Commission (SEC) warned that it would enforce the Revised Corporation Cod...

SEC Warns Philippines Companies on Lack of AML Compliance Explore More

News

UK to Regulate Stablecoins & Mint its Own NFTs to Become Global Crypto Hub

The UK is reportedly planning to regulate stablecoins as a payment method and the Royal Mint is t...

UK to Regulate Stablecoins & Mint its Own NFTs to Become Global Crypto Hub Explore More

News

The SEC Uncovers a Pyramid Scheme and Charges Multiple Individuals

The U.S. regulatory authority SEC uncovered a crypto pyramid scheme that stole approximately US$2...

The SEC Uncovers a Pyramid Scheme and Charges Multiple Individuals 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

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

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

Hong Kong Licenses Crypto Exchanges, Limiting Services to Professional Investors

Digital currency exchanges in Hong Kong will be obliged to apply for a license prior to offering ...

Hong Kong Licenses Crypto Exchanges, Limiting Services to Professional Investors 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

Singapore Under High Scrutiny Amid Money Laundering Scandal

Singapore, an immaculate business hub, is under fire for one of the largest money laundering case...

Singapore Under High Scrutiny Amid Money Laundering Scandal 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

German Customs to Strengthen Fight Against Organised Crime and Money Laundering

Christian Lindner, German Finance Minister, announced at the weekly cabinet meeting held at the C...

German Customs to Strengthen Fight Against Organised Crime and Money Laundering Explore More

News

FIU Imposes a Fine of L$21 Million on Insurance Companies for AML Failings

The Liberian financial intelligence unit (FIU) has imposed a L$21 million fine against all the in...

FIU Imposes a Fine of L$21 Million on Insurance Companies for AML Failings Explore More

News

Sweden Points Out the Rising Cases of Money Laundering in Gaming Industry

Financial Police of Sweden has revealed a report that highlights more than 700 cases of money lau...

Sweden Points Out the Rising Cases of Money Laundering in Gaming Industry Explore More

News

MAS Imposes Capital Requirements on OCBC for Inadequate Scam Response

Additional capital requirements have been imposed on the OCBC bank by the Monetary Authority of S...

MAS Imposes Capital Requirements on OCBC for Inadequate Scam Response Explore More

News

FATF to Blacklist Myanmar Over Money Laundering Concerns

Myanmar faces a blacklisting threat by a FATF because of AML compliance failure and weak regulati...

FATF to Blacklist Myanmar Over Money Laundering Concerns Explore More

News

HSBC reports money laundering violations in Australia

LONDON – According to Reuters, HSBC bank (HSBA.L) has reported itself to the Australian fin...

HSBC reports money laundering violations in Australia Explore More

News

FCA Takes NatWest to Court over Money Laundering Charges

The National Westminster Bank has been accused of neglecting the anti-money laundering regulation...

FCA Takes NatWest to Court over Money Laundering Charges Explore More

News

UK MPs Call for Improved Crypto Regulations to Prevent Losses

Ministers of the UK Parliament are calling for more rigid cryptocurrency regulations from the ASA...

UK MPs Call for Improved Crypto Regulations to Prevent Losses 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

FIU Highlights the Risks of Money Laundering in Estonia Due to VASPs

FIU has highlighted in its annual report the risk of money laundering and terrorist financing in ...

FIU Highlights the Risks of Money Laundering in Estonia Due to VASPs Explore More

News

Crypto and Forex Scams Cost Belgian Investors $12 Million

According to the Belgian financial watchdog, fraudsters stole approximately $12 million from the ...

Crypto and Forex Scams Cost Belgian Investors $12 Million Explore More

News

Nexo to Sue Bulgarian State over Money Laundering Allegations

The Bulgarian crypto lending bank, Nexo, revealed that it would file legal action against the Bul...

Nexo to Sue Bulgarian State over Money Laundering Allegations Explore More

News

Atomic Wallet Hack Results in $35 Million Loss as Investigation Continues

Atomic Wallet users have reported losing millions of dollars worth of cryptocurrency. It was anno...

Atomic Wallet Hack Results in $35 Million Loss as Investigation Continues Explore More

News

Hong Kong Custom Busts Money Laundering Ring Accused of Smuggling HK$170M

Investigators suspect that the criminal gang laundered part of the cash through casinos in Macau....

Hong Kong Custom Busts Money Laundering Ring Accused of Smuggling HK$170M 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

Central Bank of Nigeria (CBN) Raises Concerns Over KYC and AML Protocols

The Central Bank of Nigeria (CBN) has intensified pressure on financial institutions (FIs) to imp...

Central Bank of Nigeria (CBN) Raises Concerns Over KYC and AML Protocols Explore More

News

Saudi Arabia Uncovers Massive Fraud worth SR11.5 Billion

Law enforcement authorities in Saudi Arabia arrested at least 32 suspects including businessmen, ...

Saudi Arabia Uncovers Massive Fraud worth SR11.5 Billion Explore More

News

FinCEN Pinpoints Bitzlato as “Primary Money Laundering Concern”

FinCEN recognises Bitzlato Limited, a Hong-kong based virtual crypto exchange network, as a prima...

FinCEN Pinpoints Bitzlato as “Primary Money Laundering Concern” Explore More

News

UAE Arrests Gupta Brothers As Part of Efforts to Combat Money Laundering

The UAE has arrested the internationally wanted Gupta brothers who were charged for money launder...

UAE Arrests Gupta Brothers As Part of Efforts to Combat Money Laundering Explore More

News

UK Fines Dixons Carphone for Massive Breach

Dixons Carphone is one of the largest electronics and phone retailers in the UK. Recently British...

UK Fines Dixons Carphone for Massive Breach Explore More

News

Liberian Ministers Allegedly Laundering Money Using Foreign Lobbying Contracts, Investigation Reveals

Liberia, one of the poorest countries in the world, is said to spend an enormous and highly suspi...

Liberian Ministers Allegedly Laundering Money Using Foreign Lobbying Contracts, Investigation Reveals Explore More

News

eCommerce Lost £16 Million in Frauds During Lockdown

The UK’s national reporting centre for fraud and cybercrime has revealed new figures which show £...

eCommerce Lost £16 Million in Frauds During Lockdown Explore More

News

HM Treasury Consults UK Government on AML Supervision Reforms

HM Treasury announced that a consultation would be conducted concerning AML/CFT supervision refor...

HM Treasury Consults UK Government on AML Supervision Reforms Explore More

News

NY Lawmakers Approve Legislation Against Financial Fraud

Michael Gianaris, Deputy Leader of the Senate, recently announced his legislative measures to pro...

NY Lawmakers Approve Legislation Against Financial Fraud Explore More

News

Hong-Kong Police Crack money-laundering Cartel of Processing HK$119 Million in 2 months

Hong Kong police have rounded up 11 men in a crackdown on a cross-border syndicate with a suspect...

Hong-Kong Police Crack money-laundering Cartel of Processing HK$119 Million in 2 months Explore More

News

Phishing Scams Spike As Holiday Season 2021 Approaches

64% of the top courier companies have insufficient protection against phishing scams and other fr...

Phishing Scams Spike As Holiday Season 2021 Approaches Explore More

News

UAE to be Removed from FATF Gray List in 2024

The UAE’s Minister of State for Foreign Trade and chairman of the Emirates Bullion Committee hope...

UAE to be Removed from FATF Gray List in 2024 Explore More

News

Indiana Witnesses a Spike in Identity Theft and Data Breaches

Covid19’s outburst has resulted in exponential growth in online banking, purchasing, and eC...

Indiana Witnesses a Spike in Identity Theft and Data Breaches Explore More

News

Canada Faces 400% Increase in the Cryptocurrency Fraud

The Canadian police department is warning people to protect their personal information and perfor...

Canada Faces 400% Increase in the Cryptocurrency Fraud Explore More

News

Liechtenstein’s Legal Authorities Backed by Moneyval on Improved AML/CFT Measures

Moneyval has published a report backing Liechtenstein’s authorities on the measures it took again...

Liechtenstein’s Legal Authorities Backed by Moneyval on Improved AML/CFT Measures Explore More

News

Facebook’s New AI Can Help You Circumvent Facial Recognition

Facial recognition technology is primarily used to detect and identify people but in a turn of ev...

Facebook’s New AI Can Help You Circumvent Facial Recognition Explore More

News

ICAIE Issues Report on Trade-Based Money Laundering in Free Trade Zones, Ports, & Safe Havens

The ICAIE released a new report called “The Dark Side of Illicit Economies and TBML: Free T...

ICAIE Issues Report on Trade-Based Money Laundering in Free Trade Zones, Ports, & Safe Havens Explore More

News

SA’s Healthcare Organizations Become the Latest Prey for Cybercriminals

COVID-19 pandemic has paved the way for cybercriminals to target South Africa’s healthcare organi...

SA’s Healthcare Organizations Become the Latest Prey for Cybercriminals Explore More

News

NAB and CBA Exposed Over PNG Money Laundering Case

NAB and CBA have been given a “formal warning” instead of criminal charges, as the PNG regulator ...

NAB and CBA Exposed Over PNG Money Laundering Case Explore More

News

Barclays Prohibits UK Clients from Sending Debit and Credit Payments to Binance

Barclays has stopped UK customers from transferring funds to Binance after the Financial Conduct ...

Barclays Prohibits UK Clients from Sending Debit and Credit Payments to Binance Explore More

News

FATF issues new guidance on Digital Identity systems

A guidance paper has been issued by the Financial Action Task Force (FATF) to assist governments,...

FATF issues new guidance on Digital Identity systems Explore More

News

UAE to be Removed from FATF Gray List in 2024

The UAE’s Minister of State for Foreign Trade and chairman of the Emirates Bullion Committee hope...

UAE to be Removed from FATF Gray List in 2024 Explore More

News

Business Email Compromise Scam Taking a Toll on Businesses

BEC, Business Email Compromise scams are on the rise and they continue to impact businesses. Ther...

Business Email Compromise Scam Taking a Toll on Businesses 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

Singapore Monetary Authority to Review Rising Card Scam Cases

The Monetary Authority of Singapore (MAS) is reviewing the liability framework for card scams, gi...

Singapore Monetary Authority to Review Rising Card Scam Cases Explore More

News

NSW Gambling Laws Increase Risks of Money Laundering, Says the State’s Crime Commission

The New South Wales Crime Commission says that some of the state’s gambling laws have increased t...

NSW Gambling Laws Increase Risks of Money Laundering, Says the State’s Crime Commission Explore More

News

Hong Kong’s New Crypto Regulations may Attract Web3 Firms Back

Hong Kong’s new proposed crypto regulation received Huobi Global’s, a Chinese crypto platform, pl...

Hong Kong’s New Crypto Regulations may Attract Web3 Firms Back Explore More

News

Abu Dhabi Regulatory Authority Fines Pyypl $486,000 for Violating Money Laundering Laws

Abu Dhabi Global Market (ADGM) financial regulatory authority fined $486,000 to digital UAE bank ...

Abu Dhabi Regulatory Authority Fines Pyypl $486,000 for Violating Money Laundering Laws Explore More

News

Pandora Papers Update: Offshore Havens and Money Laundering Scandals Exposed

The Pandora Papers expose 35 world leaders, 300 public officials and 100+ billionaires, thus prov...

Pandora Papers Update: Offshore Havens and Money Laundering Scandals Exposed Explore More

News

Banks Introduce Confirmation of Payee to Tackle Fraud

The Confirmation of Payee (CoP) system was launched in October 2018 but implementation was delaye...

Banks Introduce Confirmation of Payee to Tackle Fraud 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

Two of Singapore’s Banking Giants Involved in Billion-Dollar Money Laundering Case

The two well-known banks in Singapore, Development Bank Singapore (DBS) and Overseas Chinese Bank...

Two of Singapore’s Banking Giants Involved in Billion-Dollar Money Laundering Case Explore More

News

Online Gambling Operator Penalized Over Failure to Meet Anti-Money Laundering Regulations

Boylesports, an online gambling operation is facing £ 2.8 million in fines for violating the regu...

Online Gambling Operator Penalized Over Failure to Meet Anti-Money Laundering Regulations Explore More

News

Economic and Financial Crimes Commission (EFCC) Notifies Estate Agents of Anti-Money Laundering Procedures

The Economic and Financial Crime Commission (EFCC) has instructed estate agents in Port Harcourt ...

Economic and Financial Crimes Commission (EFCC) Notifies Estate Agents of Anti-Money Laundering Procedures 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

UAE Firms Must Disclose UBO’s to Avoid Dirty Money Watch List

500,000+ firms in the UAE (United Arab Emirates) face disclosure of their Ultimate Beneficial Own...

UAE Firms Must Disclose UBO’s to Avoid Dirty Money Watch List Explore More

News

AUSTRAC Has Published a New Guidance For Detecting “Cuckoo Smurfing”

AUSTRAC’s guidance offers indicators for financial institutions, to allow them to detect suspicio...

AUSTRAC Has Published a New Guidance For Detecting “Cuckoo Smurfing” Explore More

News

New Guidelines for Workers Will Deter Fraud in Nigeria’s Financial Sector – Says ASSBIFI

As per the Association of Senior Staff of Banks, Insurance, and Financial Institutions (ASSBIFI),...

New Guidelines for Workers Will Deter Fraud in Nigeria’s Financial Sector – Says ASSBIFI Explore More

News

SA Banks at High Risk of Money Laundering & Terrorist Financing, Says Prudential Authority Report

South African banks have moved up into the high-risk category in the new report from the Prudenti...

SA Banks at High Risk of Money Laundering & Terrorist Financing, Says Prudential Authority Report 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