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

    18.97.9.174

    Philippines AML Council Adds POGO to its Non-Compliance List

    Phillipine

    In its efforts to fight money laundering and terrorist financing, AMLC has added third POGO to the non-compliance list.

    The Anti-Money Laundering Council (AMLC) has added a third Philippines Offshore Gaming Operator (POGO) to its list of non-compliance. According to FATF’s allegation, the Philippines is involved in financing terrorist groups through offshore gambling companies. Therefore, the country is continuously working to improve POGOs’ inadequate AML compliance.

    The non-compliance list is strictly focusing on gaming businesses that have obligations yet to be fulfilled under the country’s regulation. POGOs licenses are suspended who have failed to cope with the regulatory standards. Keeping in view the regulatory approach, the AML council has added Smart Group International Limited, the third gaming operator to its list due to “failure to cooperate.”

    The operator is the third service provider targeted by the watchdog, along with Universal Link Limited and Inner Strong Limited, both snubbing the laws to participate in compliance checks. To render unbiased results, these checks audit a business against multiple standards on short notice. The three listed companies are so far the only gaming operators out of the 36 POGOs that have licenses to operate in the country but have failed to follow regulatory instructions. Therefore, the AMLC is applying the Anti-Money Laundering ACT 2001 on POGOs.

    The foremost condition for the law enforcement authorities is to issue a 24-hour notice before adding the POGOs to the list. Once the grace period is over, the operators are bound to comply with AML regulations. 

    Under the command of the country’s President Rodrigo Duterte, the country has taken robust measures to improve its AML and CFT regulations in response to the FATF’s allegations.  Enhancing its global position, the Philippines is legislating strict rules for POGO companies. However, the President’s reputation for strongarm governance has swiftly made many gambling businesses comply unquestionably. 

    Due to strictness in AML compliance, the country saw many POGOs go bankrupt and disappear, leaving the government shorthanded by $28 million. POGOs are also alleged for the crime of human trafficking to the neighboring countries, mainly to China and Cambodia. In the first half of this year, nine government officials were also arrested on suspicion of facilitating human trafficking in POGOs. 

    Suggested Read:  Philippines anti-money laundering council demands strict POGO regulations

    Related Posts

    News

    CFTC Charges South African Pool Operator for BTC Fraud Worth $1.7 Billion

    CTFC charges a South African pool operator Steynberg for the largest fraud case in the region inv...

    CFTC Charges South African Pool Operator for BTC Fraud Worth $1.7 Billion 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

    Nearly $30 Billion Laundered Through Canada’s Real Estate – Says TIC

    A joint study by Transparency International Canada and the End Snow Washing Coalition highlighted...

    Nearly $30 Billion Laundered Through Canada’s Real Estate – Says TIC Explore More

    News

    Phase One of the Crypto Regulatory Framework in Switzerland Begins

    As of today, phase one of the regulatory framework regarding the cryptocurrency and blockchain in...

    Phase One of the Crypto Regulatory Framework in Switzerland Begins Explore More

    News

    Skyrocketing NFT Sales Raise Concerns for Tax, Law Enforcement

    Last month, the sales for a digital art piece was surprisingly high and raised many questions for...

    Skyrocketing NFT Sales Raise Concerns for Tax, Law Enforcement Explore More

    News

    Sam Bankman-Fried Charged with Fraud and Money Laundering, Makes Headlines Again

    A federal indictment accusing FTX Co-Founder Sam Bankman-Fried of committing widespread fraud has...

    Sam Bankman-Fried Charged with Fraud and Money Laundering, Makes Headlines Again Explore More

    News

    FATF Issues Guidance Paper For Incorporating Digital ID

    The Financial Action Task Force (FATF) has issued a guidance paper, last week, that outlines a ri...

    FATF Issues Guidance Paper For Incorporating Digital ID Explore More

    News

    UAE Central Bank to Take Action Against Unregistered Hawala Operators

    From 2nd December 2020, the Central Bank in UAE will begin taking action against the unregistered...

    UAE Central Bank to Take Action Against Unregistered Hawala Operators 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

    US to Form ‘Digital Asset Working Group’ to Clarify Crypto Regulations

    The U.S financial regulators are to work collectively to develop modalities for explicit crypto r...

    US to Form ‘Digital Asset Working Group’ to Clarify Crypto Regulations Explore More

    News

    Singapore: MAS Preparing Data Sharing Platforms to Combat FinCrime

    The Monetary Authority of Singapore (MAS) is creating a digital platform named Cosmic that will a...

    Singapore: MAS Preparing Data Sharing Platforms to Combat FinCrime 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

    Money Laundering Watchdog Fines HSBC for AML Violations

    HSBC Malta has been fined €82,000 by Financial Intelligence Analysis Unit (FIAU) for AML violatio...

    Money Laundering Watchdog Fines HSBC for AML Violations Explore More

    News

    US Cybersecurity Head Fired by Trump for Discrediting the Voter Fraud.

    Trump has fired the head of cybersecurity, Christopher Kerbs, for beinhg unloyal to the claims of...

    US Cybersecurity Head Fired by Trump for Discrediting the Voter Fraud. Explore More

    News

    Shufti Crosses One More Milestone With Its New Ukraine Office

    May 2021 – As part of our plan for global expansion, Shufti is thrilled to announce the...

    Shufti Crosses One More Milestone With Its New Ukraine Office Explore More

    News

    Chinese Officials to Face Scrutiny Over their Financial Affairs in Hong Kong

    Hong Kong’s banks will take extra measures to monitor transactions by Chinese politically connect...

    Chinese Officials to Face Scrutiny Over their Financial Affairs in Hong Kong Explore More

    News

    IMF Advocates CBDC and Global Crypto Regulations for Financial Stability

    The new policies advocated by the IMF seek to minimize financial risks associated with the global...

    IMF Advocates CBDC and Global Crypto Regulations for Financial Stability Explore More

    News

    CBN, NFIU to Monitor Illicit Crypto Transactions in Centralized Exchanges

    The CBN and NFIU have been urged to track illicit transactions in cryptocurrency by engaging with...

    CBN, NFIU to Monitor Illicit Crypto Transactions in Centralized Exchanges Explore More

    News

    New US Legislation Implemented to Enhance Supervision of Cryptocurrency Transactions

    US lawmakers introduced a new bill, the “Off-Chain Digital Commodity Transaction Reporting Act,” ...

    New US Legislation Implemented to Enhance Supervision of Cryptocurrency Transactions Explore More

    News

    Phillippines Added to FATF Gray List Again for Inadequate AML Casino Measures

    The Philippine financial system did not comply with international Financial Action Task Force (FA...

    Phillippines Added to FATF Gray List Again for Inadequate AML Casino Measures Explore More

    News

    Large Korean bank to pay a huge fine for violating AML law

    NEW YORK, April 20 (Reuters) – Industrial Bank of Korea 024110.KS, one of South Korea’...

    Large Korean bank to pay a huge fine for violating AML law Explore More

    News

    Oman’s OCCI Says ‘Money Laundering in Real Estate Needs Monitoring’

    Oman Chamber of Commerce and Industry (OCCI) has called for a review of the legislation that gove...

    Oman’s OCCI Says ‘Money Laundering in Real Estate Needs Monitoring’ Explore More

    News

    Investment Bank Fined by FCA for Failing with Due Diligence Requirements

    An Investment Bank in London, Sapien Captial, has been penalised by the financial regulator, Fina...

    Investment Bank Fined by FCA for Failing with Due Diligence Requirements Explore More

    News

    Lawyers in Malta Lag Behind in Complying with AML Measures

    Malta obliged the various sectors to comply with risk assessment measures. According to the Finan...

    Lawyers in Malta Lag Behind in Complying with AML Measures Explore More

    News

    JFSC Penalizes Jersey Firms £700,000 for Violating AML Regulation

    Three jersey based firms have been forced to pay a fine of more than £700,000 for breaching anti-...

    JFSC Penalizes Jersey Firms £700,000 for Violating AML Regulation Explore More

    News

    FCA Under Pressure for Compliance and Authorisation Delays

    The FCA is being approached by regulatory experts due to backlogs in the provision of regulatory ...

    FCA Under Pressure for Compliance and Authorisation Delays Explore More

    News

    UK’s AML Regulations for Art Market Excludes Art Creators

    The UK to implement new Anti-Money Laundering regulation to cover the art market from 10th June 2...

    UK’s AML Regulations for Art Market Excludes Art Creators Explore More

    News

    Ransomware attacks rise as criminals target remote working

    Ransomware attacks are getting bigger and bolder at a time where many organisations are implement...

    Ransomware attacks rise as criminals target remote working Explore More

    News

    Sri Lanka Central Bank to Take Criminal Action Against Suspects of $47 Million Crypto Scam

    The Central Bank of Sri Lanka is considering criminally prosecuting operators of a Sports Chain c...

    Sri Lanka Central Bank to Take Criminal Action Against Suspects of $47 Million Crypto Scam Explore More

    News

    Cabinet Pressurizing BVI to Improve its Financial Laws

    Many international financial regulatory bodies have pointed fingers at BVI’s financial service in...

    Cabinet Pressurizing BVI to Improve its Financial Laws Explore More

    News

    Saudi’s SAMA Warns Clients of Upsurge in Financial Fraud

    SAMA urges clients to practice the highest degree of caution and prevents exposing any confidenti...

    Saudi’s SAMA Warns Clients of Upsurge in Financial Fraud 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

    Swedish Biggest Bank Hosts Active Account for PKK Terrorist Group

    According to a local media source, the most prominent Swedish bank, SEB (Skandinaviska Enskilda B...

    Swedish Biggest Bank Hosts Active Account for PKK Terrorist Group Explore More

    News

    FCA Fines Santander and Metro Bank for AML Compliance Gaps

    The financial market regulator FCA has found compliance gaps in Anti Money Laundering (AML) syste...

    FCA Fines Santander and Metro Bank for AML Compliance Gaps 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

    Amazon patents block chain-based product authenticator

    The U.S. Patent and Trademark Office approved Amazon’s three-year-old “Distributed ledger certifi...

    Amazon patents block chain-based product authenticator Explore More

    News

    FCA Fines Santander and Metro Bank for AML Compliance Gaps

    The financial market regulator FCA has found compliance gaps in Anti Money Laundering (AML) syste...

    FCA Fines Santander and Metro Bank for AML Compliance Gaps 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

    Governor Bank of France to Propose Licencing for Crypto Firms

    François Villeroy de Galhau, the Governor Bank of France, has passed more stringent regulatory pr...

    Governor Bank of France to Propose Licencing for Crypto Firms Explore More

    News

    Dubai Court Sentences Gang of 18 for Charges of Money Laundering

    The Dubai Criminal Court has convicted a gang of 18 individuals belonging to different countries ...

    Dubai Court Sentences Gang of 18 for Charges of Money Laundering Explore More

    News

    Estonian Government to Strengthen AML Framework to Lift Crypto Ban

    The Estonian Finance Ministry drafted AML amendments that will affect virtual asset service provi...

    Estonian Government to Strengthen AML Framework to Lift Crypto Ban Explore More

    News

    Bipartisan Senators Propose Amendment of the National Defense Authorization Act to Prevent Crypto Money Laundering

    Bipartisan lawmakers in the US amended the obligations of anti-money laundering and updated the N...

    Bipartisan Senators Propose Amendment of the National Defense Authorization Act to Prevent Crypto Money Laundering 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

    SEC Partners with Government Agencies and Philippines Police to Combat Money Laundering

    The SEC signed a data-sharing agreement with the Philippines police and other government agencies...

    SEC Partners with Government Agencies and Philippines Police to Combat Money Laundering 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

    Pandora Papers Highlight ‘Gatekeepers’ of Black Money, says EU Financial Watchdog

    The new report of MONEYVAL offers a diminishing rebuke across European governments that are unabl...

    Pandora Papers Highlight ‘Gatekeepers’ of Black Money, says EU Financial Watchdog Explore More

    News

    Customers warned of scams by the UK banking lobby amid COVID-19

    Banking customers should be aware of fraudsters who are exploiting the COVID-19 epidemic to carry...

    Customers warned of scams by the UK banking lobby amid COVID-19 Explore More

    News

    UKGC imposed EUR 3.8 Million Fine on Genesis Global for Social Responsibility and Money Laundering Violations

    After the two-year investigation, the United Kingdom Gambling Commission (UKGC) imposed EUR 3.8 m...

    UKGC imposed EUR 3.8 Million Fine on Genesis Global for Social Responsibility and Money Laundering Violations Explore More

    News

    FATF says governments ineffective in stopping money-laundering

    According to David Lewis, Executive Secretary, Financial Action Task Force (FATF), governments ar...

    FATF says governments ineffective in stopping money-laundering Explore More

    News

    Singapore Seizes $736m Worth of Assets in Money Laundering Investigation

    Singapore police have arrested 10 foreigners in the money laundering operation and seized $736m w...

    Singapore Seizes $736m Worth of Assets in Money Laundering Investigation Explore More

    News

    The UK’s Joint Money Laundering Steering Group Amends Crypto Asset Travel Rule

    The UK’s Joint Money Laundering Steering Group (JMLSG) amended the Money laundering and Terrorist...

    The UK’s Joint Money Laundering Steering Group Amends Crypto Asset Travel Rule Explore More

    News

    Mimecast reports a 26.3% increase in spams and opportunist cybercrimes during the first 100 days of COVID-19

    With the current pandemic going on, cybercriminals are taking advantage of the situation escalati...

    Mimecast reports a 26.3% increase in spams and opportunist cybercrimes during the first 100 days of COVID-19 Explore More

    News

    Digital IDs Becoming Useful for Fighting Financial Crimes

    The use of digital IDs has proved to be advantageous for fighting financial crimes. Research has ...

    Digital IDs Becoming Useful for Fighting Financial Crimes Explore More

    News

    Iranian President Calls for National Crypto Mining Strategy

    The Iranian President, Rouhani, recently informed the officials from the Central Bank of Iran (CB...

    Iranian President Calls for National Crypto Mining Strategy Explore More

    News

    EU Parliament Approves More Stringent Rules to Combat Money Laundering and Terrorist Financing

    The latest EU Parliament vote approves the formation of a new anti-money laundering authority and...

    EU Parliament Approves More Stringent Rules to Combat Money Laundering and Terrorist Financing Explore More

    News

    Creating UBO Registry ‘Biggest Focus’ for US Treasury’s Anti-corruption Push

    As part of the US government’s AML reform plan, an ultimate beneficiary ownership register will b...

    Creating UBO Registry ‘Biggest Focus’ for US Treasury’s Anti-corruption Push Explore More

    News

    Singapore Now Requires Developers to Comply with New AML/TF Regulations

    The Singaporean government will implement a new anti-money laundering and anti-terrorism financin...

    Singapore Now Requires Developers to Comply with New AML/TF Regulations Explore More

    News

    UAE and Egypt Collaborate to Fight Money Laundering and Terrorist Financing

    UAE has signed MoU with Egyptian Money Laundering and Terrorist Financing Combating Unit to stren...

    UAE and Egypt Collaborate to Fight Money Laundering and Terrorist Financing Explore More

    News

    Dutch Authorities Seize $29 Million in Cryptocurrencies After Money Laundering Investigation

    $29 million in crypto were seized over the last few months in money laundering investigations car...

    Dutch Authorities Seize $29 Million in Cryptocurrencies After Money Laundering Investigation Explore More

    News

    Mega Bank Fined $10 Million in Fake Mortgage Case

    Due to poor internal controls, 28 fraudulent mortgage applications went undetected.  The Financia...

    Mega Bank Fined $10 Million in Fake Mortgage Case Explore More

    News

    Travel to Restart as Several Countries Roll out Their Version of Vaccine Passports

    Japan is planning on introducing a vaccine passport to make travelling easy for people. Internati...

    Travel to Restart as Several Countries Roll out Their Version of Vaccine Passports Explore More

    News

    EU Removes Iraq From List of High-Risk Money Laundering Countries

    Iraq has been de-listed from the EU’s list of high-risk countries for money laundering and terror...

    EU Removes Iraq From List of High-Risk Money Laundering Countries Explore More

    News

    UAE talks about developments in combatting the financing of terrorism

    The NAMLCFTC inaugurated its second discussion on March 4 2021 and approved countermeasures that ...

    UAE talks about developments in combatting the financing of terrorism 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

    Canada Seeks to Digitize ID-Documents for Enhanced Security Measures

    Canada, Ontario’s government is working towards digitizing the identity documents and seeks publi...

    Canada Seeks to Digitize ID-Documents for Enhanced Security Measures Explore More

    News

    UAE Issues Guidance to Registered Unlicensed Crypto Firms

    UAE’s regulatory authorities stated all unlicensed Virtual Service Providers (VASPs) companies wi...

    UAE Issues Guidance to Registered Unlicensed Crypto Firms Explore More

    News

    Scammers Set to Defraud this Holiday Season, FBI Warns!

    This holiday season, New Mexican shoppers are at risk of facing scammers. Criminals are all set t...

    Scammers Set to Defraud this Holiday Season, FBI Warns! 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

    A Treasury Unit to Enforce New Anti-Money Laundering Laws in the US

    A small bureau of the U.S Treasury Department will take a lead, over the next year, in filling ou...

    A Treasury Unit to Enforce New Anti-Money Laundering Laws in the US Explore More

    News

    AMLC Proposing Strict Monitoring Measures for FX Trading To Tackle Money Laundering

    The AMLChas increased the monitoring process on FX declarations. All the inbound and outbound cha...

    AMLC Proposing Strict Monitoring Measures for FX Trading To Tackle Money Laundering Explore More

    News

    New Zealand to Introduce New Bill for Public Beneficial Ownership Register

    New Zealand has initiated a crackdown against corporate secrecy after the Pandora papers and look...

    New Zealand to Introduce New Bill for Public Beneficial Ownership Register Explore More

    News

    Seychelles Prosecutes First Money Laundering Case Against Elites from Pandora Papers

    Seychelles, known for being a tax haven, was recently removed from the EU’s blacklist and is purs...

    Seychelles Prosecutes First Money Laundering Case Against Elites from Pandora Papers 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