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

    3.22.249.82

    Iran’s Finance Ministry Releases List of Individuals Suspected of Money Laundering

    n-img-1

    The Finance Ministry of Iran has released its first list of individuals suspected of having links with money laundering networks, signaling that the country is serious about fighting financial crimes. 

    Head of MEFA’s Financial Intelligence Center Hadi Khani reported that 300 people had been discovered over the last five months who were suspected of having connections to money laundering networks.

    “We have … sent this list to all banks, insurance firms, and the local stock market to warn them about the bad records of those individuals on money laundering,” said Khani.

    Hadi Khani asserted that this move shows Iran’s clear intentions in the battle against Money Laundering (ML) despite its reluctance to join international ML alliances and measures led by the US.

    “This will signal to the world that Iran is taking important and fundamental steps in fighting money laundering. If Iran is not ready to accept some (money laundering) conventions, it is because of the political agenda that exists behind them,” stated the official.

    Khani was referencing Iran’s refusal to ratify all of the Financial Action Task Force’s (FATF) regulations. The FATF is a French-based organization that monitors international efforts to combat money laundering and terrorism funding.

    Iran has supported all FATF conventions with the exception of two, claiming that doing so would jeopardize its attempts to evade the unfair economic restrictions imposed by the United States.

    Khani stated that the MEFA intends to make a special unit for preventing money laundering cases in Iran. The ministry is also working to put in place the necessary structures and methods to combat money laundering activities in the country.

    Suggested Read: Ukraine to Scale-up Fight Against Financial Crimes

    Related Posts

    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

    US DOJ Stresses Disclosure of Beneficial Ownership Information to Curb Illicit Finance

    The US says that it is important for countries and governments to embrace a policy of disclosing ...

    US DOJ Stresses Disclosure of Beneficial Ownership Information to Curb Illicit Finance 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

    AML/KYC Non-compliance Penalties Drop by 40% in the Second Half of 2021

    KYC/AML non-compliance penalties have dropped by 40% in the second half of 2021. However, this do...

    AML/KYC Non-compliance Penalties Drop by 40% in the Second Half of 2021 Explore More

    News

    Singapore’s Regulatory Authority Fines US$1.7M to Resorts World Sentosa for Due Diligence Failure

    The gambling operator, Resorts World Sentosa (RWS), was fined by Singapore’s Gambling Regulatory ...

    Singapore’s Regulatory Authority Fines US$1.7M to Resorts World Sentosa for Due Diligence Failure 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

    European Union to Propose Amendments in AML Package for Corporate Transparency

    The European Parliament has proposed a series of amendments to the Anti Money Laundering (AML) pa...

    European Union to Propose Amendments in AML Package for Corporate Transparency Explore More

    News

    Cambodia and Thailand Police Forces Unite Against Money Laundering and Terrorist Financing

    The Cambodian and Thailand National Police officers partner to bolster their strength against mon...

    Cambodia and Thailand Police Forces Unite Against Money Laundering and Terrorist Financing Explore More

    News

    FATF puts South Africa and Nigeria on Anti Money Laundering Gray list

    The global financial watchdog puts Africa’s two biggest economies on Anti-money laundering grey l...

    FATF puts South Africa and Nigeria on Anti Money Laundering Gray list Explore More

    News

    US Treasury Department Discloses Latest Beneficial Ownership Information (BOI) Guide

    The Money Laundering Bureau of the US Treasury Department issued the latest guide to assist small...

    US Treasury Department Discloses Latest Beneficial Ownership Information (BOI) Guide Explore More

    News

    Swiss Prosecutors Open Probe Against “Suisse Secrets” Whistleblower

    The Swiss Prosecutors have launched an investigation, not after the bank but against the Suisse S...

    Swiss Prosecutors Open Probe Against “Suisse Secrets” Whistleblower Explore More

    News

    FATF to Decide Grey Listing of South Africa

    FATF will announce its decision regarding the greylisting of South Africa on 24th February 2023. ...

    FATF to Decide Grey Listing of South Africa Explore More

    News

    SriLankan Government to Enforce Money Laundering Law to Restrict Illicit Flow of Money

    The current scenario of the Sri Lankan currency’s downfall has become a reason for money la...

    SriLankan Government to Enforce Money Laundering Law to Restrict Illicit Flow of Money 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

    Data Breach Exposes 515,000 IDs, More Cases of Synthetic ID Fraud to be Expected?

    Hackers broke into the servers at the International Committee of the Red Cross and accessed perso...

    Data Breach Exposes 515,000 IDs, More Cases of Synthetic ID Fraud to be Expected? Explore More

    News

    UAE Imposes Fines Exceeding Dh115 Million to Combat Money Laundering in Q1 of 2023

    The UAE has imposed a monetary penalty of Dh115 million ($31.3M) in the first quarter (Q1) of 202...

    UAE Imposes Fines Exceeding Dh115 Million to Combat Money Laundering in Q1 of 2023 Explore More

    News

    Labor Party Victim of a Second Cyber-Attack

    Britain’s Labour Party has informed that it had been a victim of a large-scale cyberattack on its...

    Labor Party Victim of a Second Cyber-Attack Explore More

    News

    US Attorney General Warns about the Identity Theft this Holiday Season

    The Federal Trade Commission states that more than 650,000 citizens’ identities have been comprom...

    US Attorney General Warns about the Identity Theft this Holiday Season Explore More

    News

    Morgan Stanley, Interactive Brokers Under Money Laundering Probe

    The FBI, SEC, and other state agencies are now investigating why Morgan Stanley took on Rodriguez...

    Morgan Stanley, Interactive Brokers Under Money Laundering Probe Explore More

    News

    The UAE Central Bank Revokes Dirham Exchange’s Licence for AML Misconduct

    Dirham Exchange, an exchange house based in the UAE, has had its licence revoked by The UAE Centr...

    The UAE Central Bank Revokes Dirham Exchange’s Licence for AML Misconduct 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

    Mishcon de Reya fined £232,500 for AML Failures

    London’s leading firm, Mishcon De Reya has been fined EUR 232,500 over failing Anti-Money Launder...

    Mishcon de Reya fined £232,500  for AML Failures Explore More

    News

    Japan Revises Six Laws to Tackle Money Laundering in Cryptocurrency

    The Japanese government is pondering enacting a new law. The “bundling bill” proposed...

    Japan Revises Six Laws to Tackle Money Laundering in Cryptocurrency Explore More

    News

    FinCEN Highlights That AML/CFT Regulation Requires Transformation to Fight Modern Crimes

    The acting director of FinCEN has highlighted the fact that the existing AML/CFT regulatory frame...

    FinCEN Highlights That AML/CFT Regulation Requires Transformation to Fight Modern Crimes Explore More

    News

    RBI Allows Multinational Banks to Retain Limited Data Abroad for AML Screening

    KYC data can be retained in offshore bank branches for the purpose of sanctions and AML screening...

    News

    Financial Watchdogs Flags Crypto Mixer Stoking as a Potential Risk For Money Laundering

    Cryptocurrencies are highly criticized by financial watchdogs and governments for potential risk ...

    Financial Watchdogs Flags Crypto Mixer Stoking as a Potential Risk For Money Laundering Explore More

    News

    Swedish gambling regulator seeks high money-laundering fines

    The Swedish Gambling Authority (SGA) has taken a tough stance against money laundering and reques...

    Swedish gambling regulator seeks high money-laundering fines Explore More

    News

    Small Business Group Sues Treasury Department Over ‘Money Laundering Transparency Initiative’

    A small business lobbying group has sued the Treasury Department over asking more than 30 million...

    Small Business Group Sues Treasury Department Over ‘Money Laundering Transparency Initiative’ Explore More

    News

    SEC Files Money Laundering Complaint Against Silverlion

    The Security Exchange Commission (SEC) filed a case against Silverlion Livestock Trading Corporat...

    SEC Files Money Laundering Complaint Against Silverlion Explore More

    News

    MAS Rejects License Applications of 100 Crypto Exchanges for Ineffective CDD Protocols

    Over 100 companies were either turned down or had to withdraw their applications for a license to...

    MAS Rejects License Applications of 100 Crypto Exchanges for Ineffective CDD Protocols Explore More

    News

    UK watchdogs launch ad-scam alert system to control online fraud

    The United Kingdom Advertising Standards Authority (ASA) and the Internet Advertising Office (IAB...

    UK watchdogs launch ad-scam alert system to control online fraud 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

    Money Service Businesses Tighten AML/CFT Measures Amid Challenges

    Microfinance firms, remittance services, and cambios have reported success in upgrading AML/CFT m...

    Money Service Businesses Tighten AML/CFT Measures Amid Challenges Explore More

    News

    Study Reveals Alabama to be the Center for Identity Theft and Fraud

    According to the latest study, Alabama has become the state with one of the highest rates of iden...

    Study Reveals Alabama to be the Center for Identity Theft and Fraud 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

    The Nigerian Bar Association (NBA) Introduces Anti-Terrorist Financing, Anti-Money Laundering Laws

    Lawyers in Nigeria are being instructed to follow anti-money laundering and terrorist financing l...

    The Nigerian Bar Association (NBA) Introduces Anti-Terrorist Financing, Anti-Money Laundering Laws Explore More

    News

    Victor Fredung Warns Businesses about the Rising Cybercrimes During Halloween

    Halloween is one of the most awaited festivals throughout the year. While people plan different t...

    Victor Fredung Warns Businesses about the Rising Cybercrimes During Halloween Explore More

    News

    Ripple CEO urges US Regulators to embrace Crypto

    Brad Garlinghouse, CEO Ripple has encouraged the US regulator “to step up and lean into digital c...

    Ripple CEO urges US Regulators to embrace Crypto Explore More

    News

    UK’s financial system claims to survive Coronavirus hit

    Britain’s banks inform investors that they are optimistic that their balance sheets are strong en...

    UK’s financial system claims to survive Coronavirus hit Explore More

    News

    Drug Trade Proceeds Laundered Through Digital Currency ATMs, Says DEA

    According to the U.S Drug Enforcement Administration’s report, digital currency ATMs are growingl...

    Drug Trade Proceeds Laundered Through Digital Currency ATMs, Says DEA Explore More

    News

    ACMA Introduces New Policies to Combat SIM-Swapping Scams at Telcos

    New policies have been introduced by ACMA to prevent SIM-Swapping attack for Telcos to protect us...

    ACMA Introduces New Policies to Combat SIM-Swapping Scams at Telcos Explore More

    News

    BNM Issues New Policy For Remote Corporate Customer Onboarding

    BNM has issued a new policy document that permits MSBs to onboard customers remotely in the corpo...

    BNM Issues New Policy For Remote Corporate Customer Onboarding Explore More

    News

    Crypto Services Approved Under AMLD5 Regulations by the Dutch Central Bank

    De Nederlandsche Bank NV (DNB) has permitted AMDAX BV the Central Bank of Netherlands to operate ...

    Crypto Services Approved Under AMLD5 Regulations by the Dutch Central Bank Explore More

    News

    Increasing Use of Cryptocurrency for Money Laundering Causes Concern in the Philippines

    The use of cryptocurrency in money laundering is raising alarm for the Philippine Central Cank. T...

    Increasing Use of Cryptocurrency for Money Laundering Causes Concern in the Philippines Explore More

    News

    FCA Raises Major Concerns about Investing in Non-Fungible Tokens (NFTs)

    The FCA highlighted the significant risk associated with the Non-Fungible Tokens (NFTS) which may...

    FCA Raises Major Concerns about Investing in Non-Fungible Tokens (NFTs) 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

    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

    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

    Colombian Financial Crime Unit Detects $20 Billion Potentially Linked to Money Laundering

    Colombia’s Financial Crimes Unit has detected $20 billion in financial operations that are potent...

    Colombian Financial Crime Unit Detects $20 Billion Potentially Linked to Money Laundering Explore More

    News

    IMF Warns Nigeria on Risks Arising from Central Digital Currency eNaira

    The IMF has warned the Central Bank of Nigeria (CBN) about the risks of money laundering and terr...

    IMF Warns Nigeria on Risks Arising from Central Digital Currency eNaira Explore More

    News

    RBI Gives Stark Warning Against Emerging KYC Fraud

    RBI states that sensitive details should not be disclosed via unverified or unauthorised channels...

    RBI Gives Stark Warning Against Emerging KYC Fraud Explore More

    News

    Facial Recognition Market to Grow 12.5% Annually Through 2024

    According to a new report by Mordor Intelligence, the facial recognition market is expected to gr...

    Facial Recognition Market to Grow 12.5% Annually Through 2024 Explore More

    News

    Shufti will provide 10 million free ID and face verifications

    Shufti has launched one of a kind charity program for the non-profit and healthcare organizat...

    Shufti will provide 10 million free ID and face verifications 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

    UK court orders crypto exchange to shut down after clients lose $2M

    In a recent statement, the U.K. government stated that 108 of their clients had lost a total of a...

    UK court orders crypto exchange to shut down after clients lose $2M Explore More

    News

    South Kesteven Council Strengthens AML Controls for Right to Buy Scheme

    South Kesteven council tightened the anti-money laundering controls over questions raised by buye...

    South Kesteven Council Strengthens AML Controls for Right to Buy Scheme Explore More

    News

    Switzerland Ill-Equipped in Fight Against White Collar Crimes: SFAO Report

    The Swiss Federal Audit Office investigated Switzerland’s meager protocols against white-co...

    Switzerland Ill-Equipped in Fight Against White Collar Crimes: SFAO Report Explore More

    News

    Amazon Challenges Pentagon’s $10 Billion Contract To Microsoft

    Amazon said on Thursday, that it is going to challenge a $10 billion contract awarded to Microsof...

    Amazon Challenges Pentagon’s $10 Billion Contract To Microsoft Explore More

    News

    UAE Issues Deadline for Businesses to Register for AML System

    The Ministry of Economy has highlighted the businesses that must register for the AML system. All...

    UAE Issues Deadline for Businesses to Register for AML System Explore More

    News

    Binance Expands Footprint in Europe as it Acquires License to Operate in Sweden

    The Swedish financial supervisory authority (FSA) allowed Binance to operate in the country, whic...

    Binance Expands Footprint in Europe as it Acquires License to Operate in Sweden Explore More

    News

    Binance’s Regulatory Setback in Singapore Shifts Attention to Middle East

    Binance, the world’s largest cryptocurrency exchange, withdrew its application for licence in Sin...

    Binance’s Regulatory Setback in Singapore Shifts Attention to Middle East Explore More

    News

    China officially recognizes Blockchain jobs as a new occupation

    The ongoing COVID-19 outbreak is modifying blockchain companies, and its effect is not always neg...

    China officially recognizes Blockchain jobs as a new occupation 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

    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

    Federal Court Fines Digitex Futures $15M for KYC and AML Failings

    The Commodity Futures Trading Commission (CFTC) has made it public that the US District Court has...

    Federal Court Fines Digitex Futures $15M for KYC and AML Failings Explore More

    News

    FinCEN and FDIC to Test the Effectiveness of Digital ID Verification Tools

    Two federal regulators – the FinCEN and FDIC have called for a ‘tech sprint’ to assess the ...

    FinCEN and FDIC to Test the Effectiveness of Digital ID Verification Tools 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

    FATF Calls for Tighter Regulations to Fill Voids in Virtual Asset Compliance

    The Financial Action Task Force (FATF) highlighted a regulatory gap in the compliance system for ...

    FATF Calls for Tighter Regulations to Fill Voids in Virtual Asset Compliance Explore More

    News

    Over £1 Million Lost to Covid Business Support Fraud in Leeds

    Leeds City Council papers have shown 74 cases of Covid business support fraud where more than £1 ...

    Over £1 Million Lost to Covid Business Support Fraud in Leeds 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

    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

    Australian Bank, Westpac, Accused of 23 Million Money Laundering Breaches

    Australia’s financial intelligence agency, The Australian Transaction Reports and Analysis Centre...

    Australian Bank, Westpac, Accused of 23 Million Money Laundering Breaches 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