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

    18.97.14.83

    Money Mule Initiative Results Announced by the US Department of Justice

    money

    As a part of the Money Mule Initiative, the law enforcement depart of the USA has taken action against up to 2,300 money mules. This Money Mule Initiative is a collaborated operation between the six US law enforcement including the FBI, Department of Justice, Postal Inspection Service. This number is increased from 600 which was last year’s count of money mules caught through this initiative.

    This year, the action was taken against money mules in every state. The initiative targetted the money mules with a huge range of frauds including identity theft, romance scams, lottery fraud, imposter fraud, technical fraud, cyber fraud, insurance fraud, phishing attackers, CEO fraud, unemployment insurance fraud, and many other types of crimes which have affected the vulnerable members of the society. 

    Around 2,000 money mules were warned through a letter by the law enforcement entities. They captured 30 instances that assisted in returning the funds back to the victim. Additionally, up to 35 people were caught and charged with a criminal offence for being an accomplice in fraud and laundering fraud activities. 

    The department of Justice has also recognized the ABA’s role of engaging with the banks about money mules and making the financial institution aware of the problem and how it can be addressed. ABA is also hosting a webinar with the US Department of Justice to further the Money Mule Initiative and to highlight the role of banks in this initiative. Through this, they can educate the employees to detect the scam and teach customers about the scams. 

    Related Posts

    News

    FATF’s New Regulations Will Help Sanctions Find Russian Targets

    The Financial Action Task Force’s drive to eliminate the anonymity of corporate beneficiaries mak...

    FATF’s New Regulations Will Help Sanctions Find Russian Targets 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

    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

    New York State Department Fines Robinhood $30m for Inadequate AML Compliance Measures

    New York’s top financial regulator has fined Robinhood $30 million for failures and shortcomings ...

    New York State Department Fines Robinhood $30m for Inadequate AML Compliance Measures Explore More

    News

    Thousands of NSW driver’s licenses exposed online in a data breach

    Last week, tens of thousands of NSW driver’s licenses were left exposed online. The breach was ac...

    Thousands of NSW driver’s licenses exposed online in a data breach Explore More

    News

    Over $700M Embezzled From Iraq’s Public Fundings – Anti Corruption Commission

    The Iraq Anti-corruption commission has pointed out the illegal use of people’s funding fro...

    Over $700M Embezzled From Iraq’s Public Fundings – Anti Corruption Commission Explore More

    News

    UAE Delegation to Visit the US to Discuss AML Initiatives

    The UAE and the US put forward their efforts to minimize the risks associated with virtual assets...

    UAE Delegation to Visit the US to Discuss AML Initiatives Explore More

    News

    AMLC Continues to Address AML Deficiencies as per FATF Guidelines

    The AMLC has reported continued efforts to address the deficiencies specified by the FATF to tack...

    AMLC Continues to Address AML Deficiencies as per FATF Guidelines Explore More

    News

    Swiss Court Seeks $45m Compensation in Credit Suisse Money Laundering Case

    Federal prosecutors in Switzerland are seeking compensation of $45 million in the Credit Suisse m...

    Swiss Court Seeks $45m Compensation in Credit Suisse Money Laundering Case 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

    Police busted a massive £215m money laundering ring in the Northern Ireland

    PSNI police arrested 7 individuals following one of the biggest money-laundering investigations i...

    Police busted a massive £215m money laundering ring in the Northern Ireland Explore More

    News

    Crypto Providers at Risk of Money Laundering & Terror Financing, Says FMA

    The Crypto industry was rated high-risk in the latest sector risk assessment (SRA) of the FMA, wh...

    Crypto Providers at Risk of Money Laundering & Terror Financing, Says FMA Explore More

    News

    Chinese Police Seize $124M Money Laundering Scam in Zunyi City

    The money laundering gang was able to conceal its fraudulent activities for a while by using 500 ...

    Chinese Police Seize $124M Money Laundering Scam in Zunyi City Explore More

    News

    Newsman arrested for credit card theft

    A Newport Newsman was arrested due to credit card and identity theft allegations. The arrest was...

    Newsman arrested for credit card theft Explore More

    News

    CSIR Reports Surge in Cybercrimes Pertaining to Work-from-home Culture

    The Council for Scientific and Industrial Research (CSIR) has reported that cyberattacks have inc...

    CSIR Reports Surge in Cybercrimes Pertaining to Work-from-home Culture Explore More

    News

    MENAFATF Adopts Abu Dhabi Recommendations to Counter Money Laundering and Terrorism Financing

    An international group based on the FATF format, MENAFATF, has adopted the Abu Dhabi recommendati...

    MENAFATF Adopts Abu Dhabi Recommendations to Counter Money Laundering and Terrorism Financing Explore More

    News

    Georgia Ramps Up AML Measures to Combat Financial Crime

    A new report released by the Council of Europe’s AML body has highlighted Georgia’s progress in c...

    Georgia Ramps Up AML Measures to Combat Financial Crime Explore More

    News

    US drug agency failed to properly oversee crypto investigations

    It was published in the IG report, which is an audit of “income-generating, undercover operations...

    US drug agency failed to properly oversee crypto investigations Explore More

    News

    EU Money Laundering Overhaul Should Include NFT Platforms, Lawmakers Say

    The two crypto legislation adopted last week did not include unhosted wallets and decentralised f...

    EU Money Laundering Overhaul Should Include NFT Platforms, Lawmakers Say Explore More

    News

    Danish Gaming Regulator Sanctions Unibet Over AML Violations

    Spillemyndigheden, the Danish Gaming Regulatory Authority has sanctioned Unibet for failing to co...

    Danish Gaming Regulator Sanctions Unibet Over AML Violations Explore More

    News

    PCMLTFA Update: FINTRAC Announces Flexible Compliance Approach

    On May 28, 2021, FINTRAC announced changes in Canada’s anti-money laundering regime under t...

    PCMLTFA Update: FINTRAC Announces Flexible Compliance Approach 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

    FIU to Audit Crypto Exchanges, Aiming to Reduce Money Laundering

    Financial Intelligence Unit under Financial Services Commission to audit Korea’s cryptocurrency e...

    FIU to  Audit Crypto Exchanges, Aiming to Reduce Money Laundering Explore More

    News

    Indonesia Becomes Member of International Watchdog, FATF

    The international money laundering watchdog, FATF, includes Indonesia as its member state, in a g...

    Indonesia Becomes Member of International Watchdog, FATF Explore More

    News

    Macau to Introduce Digital Currency to Combat AML Threats in Casinos

    Macau is moving towards introducing digital currency to fight money laundering and tax evasion in...

    Macau to Introduce Digital Currency to Combat AML Threats in Casinos Explore More

    News

    First Canadian bank introduces digital ID verification

    Digital Identity is progressing in Canada, with a new bank account opening process backed by digi...

    First Canadian bank introduces digital ID verification Explore More

    News

    Compliance Specialists Remind Letting Agents to Meet HMRC Deadline

    The real estate industry in the UK is being constantly reminded that the deadline for registering...

    Compliance Specialists Remind Letting Agents to Meet HMRC Deadline 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

    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

    First Canadian bank introduces digital ID verification

    Digital Identity is progressing in Canada, with a new bank account opening process backed by digi...

    First Canadian bank introduces digital ID verification Explore More

    News

    California university pays a million-dollar crypto ransom

    As per reports, the University of California reportedly paid a huge ransom of $1.14 million in cr...

    California university pays a million-dollar crypto ransom Explore More

    News

    Facebook’s Libra is a Failure in its Current Form says Swiss President

    According to the Swiss President, the controversial project by Facebook has ‘failed’ in its curre...

    Facebook’s Libra is a Failure in its Current Form says Swiss President Explore More

    News

    Crypto Scams Reach New Heights in 2020 With $24M Stolen So Far

    Whale Alert alleges that crypto scams are skyrocketing so far in 2020.  A report revealed,scammer...

    Crypto Scams Reach New Heights in 2020 With $24M Stolen So Far 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

    Brazil to Become a Part of OECD and Plans to Launch IPO for Its Digital Bank

    During a virtual event on Tuesday, Paulo Guedes, Brazil’s Minister of Economy, announced that the...

    Brazil to Become a Part of OECD and Plans to Launch IPO for Its Digital Bank Explore More

    News

    France to Consider Amendment Obliging Crypto Firms to Obtain Licenses

    In January 2023, the French Parliament will consider the amendment to cancel the favorable treatm...

    France to Consider Amendment Obliging Crypto Firms to Obtain Licenses 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

    OSCE – Eurasian Forum Combines to Counter Money Laundering and Terrorism Financing

    The Organisation for Security and Co-operation in Europe (OSCE) supported the joint efforts with ...

    OSCE – Eurasian Forum Combines to Counter Money Laundering and Terrorism Financing Explore More

    News

    Oman’s CMA Initiates Efforts to Improve Anti-Money Laundering Measures

    Oman’s Capital Market Authority is sharpening its focus on improving its anti-money laundering an...

    Oman’s CMA Initiates Efforts to Improve Anti-Money Laundering Measures Explore More

    News

    Growing List of Countries are Introducing Regulations on Crypto

    Ukraine’s Parliament officially adopted the Draft Law On Virtual Assets. Prior to this, cryptocur...

    Growing List of Countries are Introducing Regulations on Crypto Explore More

    News

    Regulators Express Concerns on TD Bank’s AML Practices Leading to Merger Termination to Acquire First Horizon Bank

    TD Bank was being examined by the Office of the Federal Reserve and the Comptroller of the Curren...

    Regulators Express Concerns on TD Bank’s AML Practices Leading to Merger Termination to Acquire First Horizon Bank Explore More

    News

    MONEYVAL Urges Poland to Improve its AML/CFT Regulatory Framework

    MONEYVAL has called upon Polish authorities to improve their regulatory framework and work on str...

    MONEYVAL Urges Poland to Improve its AML/CFT Regulatory Framework Explore More

    News

    Danish Gambling Operator Reports Tipwin to the Police for AML Failings

    Then danish gambling operator Spillemyndigheden has reported Tipwin to the police for violating t...

    Danish Gambling Operator Reports Tipwin to the Police for AML Failings Explore More

    News

    China’s Top Leaders Indicate the Further Tightening of Financial Regulations

    Chinese leaders have indicated that the country will move to further strengthening of financial r...

    China’s Top Leaders Indicate the Further Tightening of Financial Regulations Explore More

    News

    Poker Machines Being Preyed by Criminals Amidst COVID-19 Pandemic

    During the five months of lockdown due to the COVID-19 pandemic, there has been a growth of 305 U...

    Poker Machines Being Preyed by Criminals Amidst COVID-19 Pandemic Explore More

    News

    EU Legislates Rigid Traceability Rules for Crypto Transfers to Fight Money Laundering

    The EU on Thursday legislates more strict traceability rules for cryptocurrencies transfer, in a ...

    EU Legislates Rigid Traceability Rules for Crypto Transfers to Fight Money Laundering Explore More

    News

    Elon Musk proposes regulations on artificial intelligence

    ”Organizations developing artificial intelligence must be regulated”, says Elon Musk. This is not...

    Elon Musk proposes regulations on artificial intelligence 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

    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

    IAMAI To Set Up A Board To Ensure Voluntary Compliance With AML & KYC

    New Delhi: On Tuesday, June 1st, the Internet and Mobile Association of India (IAMAI), announced ...

    IAMAI To Set Up A Board To Ensure Voluntary Compliance With AML & KYC Explore More

    News

    UAE Imposes Strict Penalties for AML and CFT Failings

    The UAE is set to be removed from the FATF’s Gray List in the upcoming year as it substantially i...

    UAE Imposes Strict Penalties for AML and CFT Failings Explore More

    News

    Qatar Takes Steps to Strengthen its AML/CFT and Sanctions Compliance

    A webinar organised by ICC Qatar emphasised the efforts of Qatar to strengthen its AML/CFT and sa...

    Qatar Takes Steps to Strengthen its AML/CFT and Sanctions Compliance Explore More

    News

    Massive Cyberattack on Australia Uses Cryptojacking Exploits

    According to the Australian Cyber Security Centre, a group of “state actors” hacked Australian ne...

    Massive Cyberattack on Australia Uses Cryptojacking Exploits 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

    FINMA Allows Chip Scanning and Geolocation for Digital Customer Onboarding

    The FINMA now enables the scanning of microchips inserted in biometric ID documents as an element...

    FINMA Allows Chip Scanning and Geolocation for Digital Customer Onboarding Explore More

    News

    Regulatory Authorities Fines TD Bank, Adelaide Casino, and SBI over $500 Million For AML Failings

    International financial watchdogs have imposed a fine of over $500 million on TD Bank, Adelaide C...

    Regulatory Authorities Fines TD Bank, Adelaide Casino, and SBI over $500 Million For AML Failings Explore More

    News

    White House Wants COVID Vaccine Passports to be Secure, Private, and Free

    According to the White House, the Federal Government should not be responsible for verifying that...

    White House Wants COVID Vaccine Passports to be Secure, Private, and Free 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

    Department of Finance Announces Commencement of South Africa’s New AML/CTF Laws

    Department of Finance has announced the start date for South Africa’s new Anti Money Laundering a...

    Department of Finance Announces Commencement of South Africa’s New AML/CTF Laws Explore More

    News

    Nordic Banks Ignored Money Laundering Red Flags for Years, Leaked Audits Reveal

    The Organized Crime and Corruption Reporting Project (OCCRP) has revealed in an audit that Nordic...

    Nordic Banks Ignored Money Laundering Red Flags for Years, Leaked Audits Reveal Explore More

    News

    EFCC Enforces Real Estate Agents to Comply with Anti-Money Laundering (AML) Regulations

    The Economic and Financial Crimes Commission (EFCC) urges real estate agents to strengthen their ...

    EFCC Enforces Real Estate Agents to Comply with Anti-Money Laundering (AML) Regulations Explore More

    News

    Businesses at Risk Due to 6AMLD by the European Union

    The European Union imposed the fifth anti-money laundering directive in January 2020, which enhan...

    Businesses at Risk Due to 6AMLD by the European Union Explore More

    News

    Botswana Passes New Cryptocurrency Bill, Aiming to Curb Money Laundering

    Another African country, Botswana has taken a significant step towards regulating cryptocurrency ...

    Botswana Passes New Cryptocurrency Bill, Aiming to Curb Money Laundering Explore More

    News

    Bank of Ghana Issues New Guidelines for AML and CTF

    The Bank of Ghana (BOG) has introduced new directives on Anti Money Laundering/Combating the Fina...

    Bank of Ghana Issues New Guidelines for AML and CTF Explore More

    News

    Dutch Money Mule Caught Involved in $3.5M of Money Laundering in Australia

    A 22-year old Dutch national has been arrested by Australian Police for being a money mule in a m...

    Dutch Money Mule Caught Involved in $3.5M of Money Laundering in Australia 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

    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

    SEC Charges $79 Million Penalties on Broker Companies for Deficiencies in Recordkeeping

    The Security and Exchange Commission (SEC) has imposed $79 million worth of penalties on brokerag...

    SEC Charges $79 Million Penalties on Broker Companies for Deficiencies in Recordkeeping Explore More

    News

    Tech Giant Olympus Hit by Ransomware Attack from ‘BlackMatter’, Successor of DarkSide

    More than 40 ransomware attacks have been attributed to BlackMatter, a ransomware-as-a-service gr...

    Tech Giant Olympus Hit by Ransomware Attack from ‘BlackMatter’, Successor of DarkSide 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

    Canada to Update AML Laws for Payments Services, FinTechs and Crowdfunding Platforms

    The Canadian government’s federal budget announced that new regulations will be implemented to up...

    Canada to Update AML Laws for Payments Services, FinTechs and Crowdfunding Platforms Explore More

    News

    US Crypto Firms Reluctant Towards New KYC/AML Proposal by FinCEN

    The US crypto firm, Coinbase, sent a letter to FinCEN with a clear message, “There is no emergenc...

    US Crypto Firms Reluctant Towards New KYC/AML Proposal by FinCEN 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