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

    18.216.237.210

    PHL Ranking Declines in the Corruption Index, Reveals GRP

    n-img-phl

    According to the Global Risk Profile (GRP), the ranking of the Philippines in the corruption index has slipped three places, showing that the country has a “medium’’ level of risk for corruption. 

    The Philippines placed 105th out of 196 nations and territories in the Global Corruption Index 2022. The Philippines held the 102nd position in 2021. The Philippines was rated as having a “medium” level of corruption risk in the current year’s report. Its overall risk score was 47.95, a bit higher than the previous year’s 46.96.

    The Philippines lagged behind Singapore, Malaysia, Brunei, Indonesia, and Thailand among Southeast Asian countries. The country was ahead of Timor-Leste, Vietnam, Laos, Cambodia, and Myanmar.

    Cheloy Velicaria-Garafil currently heads the Office of the Press Secretary did not immediately respond to the report.

    The country’s standing in an economic freedom index also dropped, which analysts said showed how poorly domestic institutions were able to stop political corruption as well as other illegal activity.

    According to the GRP, the pandemic’s rapid lending and credit openings “triggered new opportunities for corruption, bribery, falsification of submissions and embezzlement of public funds, therefore draining new resources.” It stated that Europe witnessed a slight drop this year “may be due to the introduction of 2020-2021 facilitated loans.”

    According to political economy professor, Halsey A. Juliano the Philippines is inclined to massive corruption during disasters or emergencies. “Development aid from funders like International Monetary Fund, World Bank, Asian Development Bank and JICA required long-term efforts at imposing accountability structures to make sure money goes where it should,” he noted.

    “At the same time, joint government efforts can and have been used by local political clans as ‘patronage gifts,” Mr. Juliano stated, citing politicians’ fondness for inscribing their images on the bags of supplies given during disasters.

    Politics professor at the University of the Philippines, Maria Ela L. Atienza, said that the former administration was somewhat to blame for the nation’s most recent rating. “There were high-profile cases of anomalies in government transactions and procurements during the pandemic,” she said.

    “The high-profile Pharmally investigations and the fact that the Senate did not endorse filing of cases against possible people involved because President Duterte might be investigated also showed the lack of political will on the part of officials to deal with possible cases of corruption,” Ms. Atienza said. She also stated that promoting human rights is crucial to reducing corruption.

    Suggested Read: US Task Force Seizes Another Superyacht in the Battle Against Russian Oligarchs’ Corruption

    Related Posts

    News

    FCMC Fines AS PrivatBank Worth €768K for AML Non-Compliance

    The FCMC fined PrivatBank for AML/CTPF compliance breaches and instructed the bank to address its...

    FCMC Fines AS PrivatBank Worth €768K for AML Non-Compliance 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

    24 scammers arrested on money laundering charges

    Government officials have arrested over 24 money laundering suspects due to an online fraud opera...

    24 scammers arrested on money laundering charges Explore More

    News

    SPP Observes Rapid Increase in Money Laundering Cases Prosecuted Nationwide

    The Supreme People’s Procuratorate (SPP) has observed a rapid increase in money laundering ...

    SPP Observes Rapid Increase in Money Laundering Cases Prosecuted Nationwide 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

    Australian Regulators Oblige Businesses to Report Suspicious Transactions

    The Australian regulatory authorities ordered digital businesses to report cyberattacks and suspi...

    Australian Regulators Oblige Businesses to Report Suspicious Transactions Explore More

    News

    PBOC Issues New Financial Rules to Curb Money Laundering Risks

    The People’s Bank of China (PBOC), The China Banking and Insurance Regulatory Commission, a...

    PBOC Issues New Financial Rules to Curb Money Laundering Risks Explore More

    News

    Bill to Combat Money Laundering Makes Its Way Through The Senate

    The US House of Representatives passed the Corporate Transparency Act of 2019 (HR 2513) on Octobe...

    Bill to Combat Money Laundering Makes Its Way Through The Senate Explore More

    News

    FinCEN May Release a YouTube Video to Outreach Latest BOI Rules

    The Financial Crimes Enforcement Network (FinCEN) director stated they are creating awareness cam...

    FinCEN May Release a YouTube Video to Outreach Latest BOI Rules Explore More

    News

    FINRA Issues its Examination and Risk Monitoring Program Report 2023

    FINRA published its 2023 report on its Examination and Risk Monitoring Program, covering all the ...

    FINRA Issues its Examination and Risk Monitoring Program Report 2023 Explore More

    News

    Aussies Lost Record-breaking $851 million During COVID-19: ACCC Reports

    Amid the pandemic, Australians lost a record-breaking amount of $851 million in 2020. According t...

    Aussies Lost Record-breaking $851 million During COVID-19: ACCC Reports 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

    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

    FATF to Reassess Morocco’s AML Measures for Possible Removal from Gray List

    The Financial Action Task Force (FATF) is all ready to reevaluate Morocco’s Anti Money Laundering...

    FATF to Reassess Morocco’s AML Measures for Possible Removal from Gray List Explore More

    News

    Real Estate Money Laundering Rises, KCB Dragged to Court for AML Breach

    Real Estate development and construction company Tirupati Development Limited has dragged KCB Ban...

    Real Estate Money Laundering Rises, KCB Dragged to Court for AML Breach Explore More

    News

    Japan Crypto Regulator States Easing of Restrictions Must Wait

    The Japanese financial regulator FSA is reluctant about easing regulatory requirements for the cr...

    Japan Crypto Regulator States Easing of Restrictions Must Wait Explore More

    News

    EBA Issues Guidance on the Roles of AML/CFT Compliance Officers

    The European Banking Authority has published guidelines that state the roles of Anti-money launde...

    EBA Issues Guidance on the Roles of AML/CFT Compliance Officers Explore More

    News

    Australia, Singapore, Malaysia, and RSA Team Up for CBDC Trials

    Central banking entities of Singapore, Australia, Malaysia, and South Africa agree on a mutual ag...

    Australia, Singapore, Malaysia, and RSA Team Up for CBDC Trials Explore More

    News

    NFTs Seek to Implement KYC/AML Standards as Money Laundering Rises

    NFTs (Non-Fungible Tokens) are certainly becoming popular in the crypto industry. However, they d...

    NFTs Seek to Implement KYC/AML Standards as Money Laundering Rises Explore More

    News

    RoC of the Cayman Fines Companies failing to Reveal Beneficial Owner’s Name

    Cayman Island’s Registrar of Companies has begun penalizing the financial firms for not disclosin...

    RoC of the Cayman Fines Companies failing to Reveal Beneficial Owner’s Name Explore More

    News

    China’s digital yuan to be tested by 19 firms including McDonald’s and Starbucks

    Starbucks and McDonald’s are among 19 businesses that will test China’s new digital c...

    China’s digital yuan to be tested by 19 firms including McDonald’s and Starbucks Explore More

    News

    7 UAE Law Firms Penalized in Anti-money Laundering Violations

    Around 100,000 dirhams have been fined to 7 law firms in UAE for disregarding anti-money launderi...

    7 UAE Law Firms Penalized in Anti-money Laundering Violations Explore More

    News

    Beware of Puppy Scams This Holiday Season – BBB

    The Better Business Bureau (BBB) has warned people to be cautious of online puppy scams, especial...

    Beware of Puppy Scams This Holiday Season – BBB Explore More

    News

    FATF encourages Digital ID during Coronavirus epidemic

    The Financial Action Task Force (FAFT) is advocating the use of digital identity technology to se...

    FATF encourages Digital ID during Coronavirus epidemic Explore More

    News

    Twitter Reveals Plans of Addressing Deepfakes

    Last month, Twitter announced that it was working on plans to better handle the rising issues of ...

    Twitter Reveals Plans of Addressing Deepfakes Explore More

    News

    Namibia Launches Cyber Security Council to Curb e-Fraud

    Namibia has established a cyber security council that would act as a useful forum for discussions...

    Namibia Launches Cyber Security Council to Curb e-Fraud Explore More

    News

    EU Urges the UK to Push Harder on Tax Avoidance and AML Regulations

    The European Union has shown concerns regarding legal permits which allow financial services prov...

    EU Urges the UK to Push Harder on Tax Avoidance and AML Regulations 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

    AUSTRAC to Update Guidance for Threshold Transaction Reporting

    AUSTRAC has made it mandatory for reporting entities to include a threshold transaction report (T...

    AUSTRAC to Update Guidance for Threshold Transaction Reporting Explore More

    News

    Amazon Warns UK Customers Over Rising Threat of Impersonation Scams

    Amazon has cautioned UK customers about the rising threat of impersonation scams via phone calls,...

    Amazon Warns UK Customers Over Rising Threat of Impersonation Scams Explore More

    News

    24 scammers arrested on money laundering charges

    Government officials have arrested over 24 money laundering suspects due to an online fraud opera...

    24 scammers arrested on money laundering charges Explore More

    News

    DHS 19.5 Million Fine Imposed on UAE Banks for AML Failings

    The Central Bank has imposed Dhs 19.5 million fine on UAE’s banks for shortcomings in the AML fra...

    DHS 19.5 Million Fine Imposed on UAE Banks for AML Failings Explore More

    News

    CBUAE Revokes Dollar Exchange’s Licence over Regulatory Misconduct

    The UAE Central Bank has revoked the licence of a dollar exchange house after it failed to keep a...

    CBUAE Revokes Dollar Exchange’s Licence over  Regulatory  Misconduct Explore More

    News

    TSA to test self-service facial recognition technology in the pilot program

    The Transportation Security Administration (TSA) is now testing self-service facial recognition t...

    TSA to test self-service facial recognition technology in the pilot program Explore More

    News

    Artist Sues AI Generators for Alleged Industrial-Level Identity Theft

    Artist, Karla Ortiz, has sued two artificial intelligence firms for generating images that mimic ...

    Artist Sues AI Generators for Alleged Industrial-Level Identity Theft Explore More

    News

    Americans ‘work from home’ strategy present new targets for hackers

    Coronavirus outbreak has forced organizations to let their employees work from home during the ou...

    Americans ‘work from home’ strategy present new targets for hackers Explore More

    News

    The Bicycle Hotel & Casino Fined $500K For Violating AML Laws

    The Bicycle Hotel and Casino will be paying $500K in fine as it failed to report Currency Transac...

    The Bicycle Hotel & Casino Fined $500K For Violating AML Laws Explore More

    News

    Italian banking association ready to accept digital euro

    The Italian Banking Association (ABI) has disclosed that it is willing to support the introductio...

    Italian banking association ready to accept digital euro Explore More

    News

    Internet fraud complaints went up by 30% last year

    As per Economic Affairs Minister Nathalie Muylle, Belgium’s Economic Inspection Unit received 29%...

    Internet fraud complaints went up by 30% last year Explore More

    News

    South Africa Must Fix Holes in Money Laundering Regulation by 2025, Warns FATF

    South Africa needs to improve its Anti-Money Laundering and Counter-Terrorist Financing regulatio...

    South Africa Must Fix Holes in Money Laundering Regulation by 2025, Warns FATF Explore More

    News

    European Commission Warns of Trade Laws Violation as EU Bans Tax-Haven Crypto Firms

    The European Commission has issued a new warning on breaching global trade laws as the EU bans ta...

    European Commission Warns of Trade Laws Violation as EU Bans Tax-Haven Crypto Firms Explore More

    News

    CBUAE Cancels Registration of Insurance Broker for AML Non-compliance

    The Central Bank of the UAE (CBUAE) has cancelled Al Fazaa’s registration as an insurance a...

    CBUAE Cancels Registration of Insurance Broker for AML Non-compliance Explore More

    News

    Gambling Commission Imposed a £6.1 Million Fine on Touch Games for Money Laundering Failings

    The Touch Games, a gambling firm that operates 11 websites, has been fined £6.1 million over fail...

    Gambling Commission Imposed a £6.1 Million Fine on Touch Games for Money Laundering Failings 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

    UK to Propose Regulatory Protocols for Stablecoins

    The government of the UK has declared incoming regulations for stable coins currency. It has also...

    UK to Propose Regulatory Protocols for Stablecoins Explore More

    News

    UAE and UK Initiate Large-Scale Crackdowns Against Money Laundering

    The UAE has set up an AML task force that is currently pursuing hundreds of cases, and Cambridges...

    UAE and UK Initiate Large-Scale Crackdowns Against Money Laundering Explore More

    News

    The UK Introduces New Bill to Combat Identity Fraud and Financial Crime

    The UK government has launched a bill to prevent the flow of dirty money through its economy by c...

    The UK Introduces New Bill to Combat Identity Fraud and Financial Crime Explore More

    News

    OCBC Fines Money Laundering Suspect $19.7million

    The Oversea-Chinese Banking Corporation (OCBC) has fined the individuals involved in Singapore’s ...

    OCBC Fines Money Laundering Suspect $19.7million Explore More

    News

    Following an FCA Crackdown, Cryptocurrency Investors to Wait 24 Hours Before Completing Their Transactions in the UK

    The Financial Conduct Authority (FCA) crackdown forces new crypto investors in the UK to wait 24 ...

    Following an FCA Crackdown, Cryptocurrency Investors to Wait 24 Hours Before Completing Their Transactions in the UK Explore More

    News

    Sri Lanka’s blockchain KYC platform to initiate ‘Shortly’: Central Bank

    According to Daily Mirror Online, the Monetary Board has now finalized three software development...

    Sri Lanka’s blockchain KYC platform to initiate ‘Shortly’: Central Bank Explore More

    News

    Research and Data are Key to Developing Fair Crypto Regulations, Say Blockchain Experts

    As global regulators are looking to have control over crypto, blockchain analysts say that lawmak...

    Research and Data are Key to Developing Fair Crypto Regulations, Say Blockchain Experts Explore More

    News

    Ransomware attacks increase as more people work from home

    According to a study published by the cybersecurity firm, Proofpoint, there has been an increase ...

    Ransomware attacks increase as more people work from home Explore More

    News

    UK has Suffered Fraud and Cyber Crime Losses Worth £1.3 Billion in 2021

    London incurred the highest amount of losses to cybercrime and fraud in the first half of 2021, a...

    UK has Suffered Fraud and Cyber Crime Losses Worth £1.3 Billion in 2021 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

    Real Estate Firm LeHomes Realty Fined $282K for AML Compliance Failure

    Real Estate Firm LeHomes Realty has been fined $282K for AML compliance failure. The brokerage co...

    Real Estate Firm LeHomes Realty Fined $282K for AML Compliance Failure Explore More

    News

    Regulators Seize First Republic Bank and Sell a Portion of Assets to JPMorgan

    Regulators seized First Republic Bank and sold a portion of its assets to JPMorgan Chase. This is...

    Regulators Seize First Republic Bank and Sell a Portion of Assets to JPMorgan Explore More

    News

    Black Friday Shoppers Alert: Digital Scam Victims Lose an Average of £1,000 Each

    Black Friday shoppers have been advised to strengthen their cybersecurity as NFIB revealed that v...

    Black Friday Shoppers Alert: Digital Scam Victims Lose an Average of £1,000 Each Explore More

    News

    Prevailing Financial Crimes Make London a Safe Haven for Money Launderer

    The UK’s capital is exposed to multiple financial crimes including money laundering and thefts wi...

    Prevailing Financial Crimes Make London a Safe Haven for Money Launderer Explore More

    News

    MAS Finalises New Data-sharing Platforms for the Banking Sector

    MAS has developed a new platform that will allow banks to securely share information and warn eac...

    MAS Finalises New Data-sharing Platforms for the Banking Sector Explore More

    News

    Russian govt introduces Fintech Sandboxes, including Blockchain

    The Russian government plans on the creation of regulatory sandboxes for companies working on con...

    Russian govt introduces Fintech Sandboxes, including Blockchain Explore More

    News

    Bank of England Introduces New Regulatory Approach for Crypto

    The Bank of England is formulating the UK’s first regulatory framework for crypto assets and stat...

    Bank of England Introduces New Regulatory Approach for Crypto Explore More

    News

    China Pledges “Zero Tolerance” for Financial Fraud

    Top financial regulators in China pledged to introduce stricter controls following the recent dis...

    China Pledges “Zero Tolerance” for Financial Fraud Explore More

    News

    Irish Police warns about the latest internet fraud

    The local Irish police (Gardai) is persuading people not to fall prey to the recent online bankin...

    Irish Police warns about the latest internet fraud Explore More

    News

    Singapore Central Bank to Utilize AI Technology to Combat Money Laundering

    The Monetary Authority Singapore (MAS) seeks to utilise AI technology to bolster the security of ...

    Singapore Central Bank to Utilize AI Technology to Combat Money Laundering Explore More

    News

    AUSTRAC Initiates Probe into Sportsbet and Bet365 over Money Laundering Suspicions

    AUSTRAC launches investigations into gambling firms for suspicions of failing AML/CFT compliance,...

    AUSTRAC Initiates Probe into Sportsbet and Bet365 over Money Laundering Suspicions Explore More

    News

    Shufti Introduces AI-Based OCR for Better Customer Verification

    Verifying customers is the goal of our clients and we believe in providing the best solutions. Th...

    Shufti Introduces AI-Based OCR for Better Customer Verification Explore More

    News

    FATF Claims Golden Visa Programs Raise Financial Crimes Activities

    The international regulatory body, Financial Action Task Force (FATF), reported that Citizenship ...

    FATF Claims Golden Visa Programs Raise Financial Crimes Activities Explore More

    News

    UAE Court Convicted 13 Indian Nationals and 7 Companies for Money Laundering Offenses

    Thirteen Indian nationals and seven companies were charged with money laundering by the Abu Dhabi...

    UAE Court Convicted 13 Indian Nationals and 7 Companies for Money Laundering Offenses 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

    UAE Grants Russian Lender a Rare Banking Licence to Operate in the Region

    The CBUAE has approved a banking licence for Russia’s MTS bank, a move that risks deepening...

    UAE Grants Russian Lender a Rare Banking Licence to Operate in the Region Explore More

    News

    Pokies are Safe Havens for Criminals to Clean Dirty Money – Says NSW Crime Commission

    According to findings of a multi-agency investigation released by the NSW Crime Commission, pubs ...

    Pokies are Safe Havens for Criminals to Clean Dirty Money – Says NSW Crime Commission Explore More

    News

    Peru’s Former and Current President under Investigation for Alleged Money Laundering

    Peru’s former and current presidents are under investigation for alleged money laundering a...

    Peru’s Former and Current President under Investigation for Alleged Money Laundering 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