Read More about fast-id page

Shufti globally launches webinr-icon - a new kind of identity solution!

Shufti globally launches - a new kind of identity solution!

Read more

Related Posts

News

Centra Tech’s Operator Sentenced a Year in Prison for ICO Fraud

Robert Farkas has been arrested and charged with the lightest sentenced felony for his part in Ce...

Centra Tech’s Operator Sentenced a Year in Prison for ICO Fraud Explore More

News

Albania Fails to Take Strict AML/CFT Measures

According to MONEYVAL, Albania has failed to take the necessary steps to improve measures on figh...

Albania Fails to Take Strict AML/CFT Measures 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

Australian Gold Company, The Perth Mint, Accepts Voluntary Undertaking to Avoid AML Fines

The Australian gold corporation, the Perth Mint, escaped penalties for inadequate compliance syst...

Australian Gold Company, The Perth Mint, Accepts Voluntary Undertaking to Avoid AML Fines Explore More

News

The Czech Republic Government Amends Beneficial Ownership Law to Meet AML Obligations

The Czech Republic government revised Beneficial Ownership Law upon the European Commission’...

The Czech Republic Government  Amends  Beneficial Ownership Law to Meet AML Obligations Explore More

News

Despite KYC, Dutch Central Bank Struggles over Crypto Ownership Records

Despite the strict measures for KYC requirements, the Central Bank of the Netherlands is still mu...

Despite KYC, Dutch Central Bank Struggles over Crypto Ownership Records 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

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

“Beneficial Ownership Data Must be Structured, Centralised and Accessible”, Says GCFFC

According to the paper issued by the GCFFC, data must be structured, centrally collated, interope...

“Beneficial Ownership Data Must be Structured, Centralised and Accessible”, Says GCFFC Explore More

News

Singaporean Banks Enhance Security to Combat Financial Crime

The Monetary Authority of Singapore (MAS) stated that the country’s banks are enhancing security ...

Singaporean Banks Enhance Security to Combat Financial Crime Explore More

News

Luxembourg Updates AML Laws for Verification of Beneficial Ownership

Luxembourg has amended its Anti-Money Laundering regulation requiring practitioners to identify b...

Luxembourg Updates AML Laws for Verification of Beneficial Ownership Explore More

News

Monetary Authority of Singapore to Support G20 TechSprint Initiative

The Monetary Authority of Singapore (MAS), the nation’s central bank and financial regulator, rec...

Monetary Authority of Singapore to Support G20 TechSprint Initiative Explore More

News

Swedbank Fined And Remains Under Investigation by US Authorities

As Danske Bank awaits judgment by US regulators for being involved in Europe’s largest-ever money...

Swedbank Fined And Remains Under Investigation by US Authorities Explore More

News

Rapstar Captured for His Role in Wire Fraud Scheme

A famous rapper from Chicago with his crew members was caught and charged in court for using the ...

Rapstar Captured for His Role in Wire Fraud Scheme Explore More

News

Crypto Bill Approved by the US Congress Set to Revamp Digital Asset Securities

The US Congress presented comprehensive legislation for the crypto market to redefine workflows a...

Crypto Bill Approved by the US Congress Set to Revamp Digital Asset Securities Explore More

News

Europol and EU Member States Launch Operation Targeting Assets of Sanctioned Entities

Europol and EU member states along with Eurojust and Frontex have launched Operation Oscar to ass...

Europol and EU Member States Launch Operation Targeting Assets of Sanctioned Entities Explore More

News

UK Announces New Legislation to Regulate Crypto Assets Industry

The UK’s government has developed its first legal framework for cryptocurrency trading and ...

UK Announces New Legislation to Regulate Crypto Assets Industry Explore More

News

Another COVID-related lure: Phishing Scam Targeting Email Users

Amid the COVID-19 outbreak, email users are constantly warned against fraudulent emails and scams...

Another COVID-related lure: Phishing Scam Targeting Email Users Explore More

News

Joint US-Spanish Operation Broke a Multi-Million Euro Credit Card Scam

The US Secret Service and Spanish police were working together on an operation when they shut dow...

Joint US-Spanish Operation Broke a Multi-Million Euro Credit Card Scam Explore More

News

Turkey to Ban Cryptocurrency Payments to Avoid Financial Crime

The Central Bank of Turkey is to ban the use of cryptocurrency payments by 30th April. This initi...

Turkey to Ban Cryptocurrency Payments to Avoid Financial Crime Explore More

News

Kenya Accuses Two Leading African FinTech Firms of Operating Without Licenses

Two of Africa’s top FinTech companies have been accused by the Kenyan central bank of alleg...

Kenya Accuses Two Leading African FinTech Firms of Operating Without Licenses Explore More

News

ACRA to Impose Stricter Rules to Combat Money Laundering & Terrorist Financing

ACRA has proposed stricter rules for professionals and firms that assist businesses with corporat...

ACRA to Impose Stricter Rules to Combat Money Laundering & Terrorist Financing Explore More

News

Malta’s Justice Minister Ammends Legal Framework to Lighten Financial Crime Proceedings

Malta’s Justice Minister announces amendments in the court proceedings for financial crimes...

Malta’s Justice Minister Ammends Legal Framework to Lighten Financial Crime Proceedings Explore More

News

FinCEN Says Russia Cannot Evade Sanctions with Crypto

Global lawmakers are taking a closer look at digital assets and how they can or cannot be used to...

FinCEN Says Russia Cannot Evade Sanctions with Crypto Explore More

News

Sebi Releases New Anti-Money Laundering Guidelines

The capital markets regulatory authority, the Securities Exchange Board of India (Sebi), publishe...

Sebi Releases New Anti-Money Laundering Guidelines Explore More

News

Vietnam Enhances Anti-Money Laundering Laws to Prevent Financial Crimes

Vietnam regulatory departments are redefining their AML compliance measures to supervise cryptocu...

Vietnam Enhances Anti-Money Laundering Laws to Prevent Financial Crimes Explore More

News

Swiss Courts to Return Millions to Sanctioned Russians

The Swiss courts have decided to pay the stolen millions of dollars back to the sanctioned Russia...

Swiss Courts to Return Millions to Sanctioned Russians Explore More

News

AUSTRAC to Audit Three Bell Financial Group Entities to Evaluate AML/CFT Compliance

AUSTRAC has called for the audit of three entities under the Bell Financial Group, including Bell...

AUSTRAC to Audit Three Bell Financial Group Entities to Evaluate AML/CFT Compliance Explore More

News

Irish Businessmen lost More than €10 Million in Invoice Redirect Fraud

Sophisticated invoice redirect fraud in Ireland has resulted in the loss of €10 Million for busin...

Irish Businessmen lost More than €10 Million in Invoice Redirect Fraud Explore More

News

Italy Launches Money Laundering Investigations into Qatargate Associates

Italian prosecutors have launched a probe related to the EU parliament Qatargate affair as a new ...

Italy Launches Money Laundering Investigations into Qatargate Associates Explore More

News

Californian man apprehended in Moorpark ID theft case

A 37-year-old man in the Californian city of Bakersfield was arrested on Wednesday on suspicion o...

Californian man apprehended in Moorpark ID theft case Explore More

News

“Money Mule Crimes Double in Cork, Students are an Easy Target”, Says the Police

According to police investigations, the number of money mule activities in Cork city has doubled ...

“Money Mule Crimes Double in Cork, Students are an Easy Target”, Says the Police Explore More

News

UAE Establishes Anti-Money Laundering Bodies to Enhance Global Monitoring

The United Arab Emirates is enhancing its money monitoring system to combat illicit cash flows, m...

UAE Establishes Anti-Money Laundering Bodies to Enhance Global Monitoring Explore More

News

Garmin Online Services Reportedly Hit With Ransomware Attack in demand for $10 Million

Ransomware attacks are on the rise, and Garmin is the latest big name to take a hit. A hacker gro...

Garmin Online Services Reportedly Hit With Ransomware Attack in demand for $10 Million Explore More

News

FInTech solutions to be incorporated by Chinese banks

According to International Data Corporation (IDC), an international market intelligence firm, as ...

FInTech solutions to be incorporated by Chinese banks Explore More

News

BitGo settles with US Treasury; Sanctions Violations will Cost $98,830

The U.S. Treasury has settled with BitGo over costs that it helped users in authorised divisions ...

BitGo settles with US Treasury; Sanctions Violations will Cost $98,830 Explore More

News

FSRA Imposed a Dh 1.32 Million Fine on Wise Nuqud Ltd for AML Failings

FSRA imposed a Dh 1.32 million fine on Wise Nuqud for AML failings. Wise cooperated in the invest...

FSRA Imposed a Dh 1.32 Million Fine on Wise Nuqud Ltd for AML Failings Explore More

News

NAB, CBA Under Money Laundering Probe Yet Again

Australia’s CBA and NAB are under regulatory scrutiny for providing correspondent banking service...

NAB, CBA Under Money Laundering Probe Yet Again 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

Germany to Establish New Regulatory Body to Combat Money Laundering

It has been reported that the German government will create a new regulatory body to combat money...

Germany to Establish New Regulatory Body to Combat Money Laundering 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

Rules for AMLC Inquiry for Bank Accounts Released by the Court of Appeals (CA)

On Sunday, the Court of Appeals (CA) issued its rule of process for assessing the deposit or inve...

Rules for AMLC Inquiry for Bank Accounts Released by the Court of Appeals (CA) Explore More

News

US Treasury Holds Back AML Reforms Despite Money Laundering Through Art Industry

The US Treasury Department has found the country’s art market to be vulnerable to financial crime...

US Treasury Holds Back AML Reforms Despite Money Laundering Through Art Industry Explore More

News

President of Argentina Open to CBDC Adoption but Central Bank Says No

Alberto Fernandez, President of Argentina showed openness to adoption of Bitcoin and Central Bank...

President of Argentina Open to CBDC Adoption but Central Bank Says No Explore More

News

UAE Praises Singapore’s S$2.8b Financial Crime Bust

The director-general of UAE anti-money laundering and counter-terrorism financing commends Singap...

UAE Praises Singapore’s S$2.8b Financial Crime Bust Explore More

News

US Senators Push Congress to Regulate Crypto Amid FTX Turmoil

US senators have urged Congress to regulate cryptocurrencies under current financial regulations ...

US Senators Push Congress to Regulate Crypto Amid FTX Turmoil Explore More

News

Central Bank of Nigeria (CBN) Gives Financial Institutions 30 day Deadline to Close Accounts Without Bank Verification (BVN)

Financial institutions and banks have been given a 30 days notice period by the Central Bank of N...

Central Bank of Nigeria (CBN) Gives Financial Institutions 30 day Deadline to Close Accounts Without Bank Verification (BVN) Explore More

News

China Warns of Money Laundering Risks Arising from NFTs

China has warned of the financial risks associated with non-fungible tokens (NFTs) as three indus...

China Warns of Money Laundering Risks Arising from NFTs Explore More

News

Saudi Arabia Uncovers Massive Fraud worth SR11.5 Billion

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

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

News

‘Left in Limbo’: Cryptocurrency Exchanges React to FCA Registration Deadline

Today is the deadline for the digital currency firms to be registered with the UK’s financial reg...

‘Left in Limbo’: Cryptocurrency Exchanges React to FCA Registration Deadline Explore More

News

FinCEN and Federal Reserve Board Reducing the Bar for International Transactions

The FinCEN and Federal Reserve Board are planning to reduce the threshold for international trans...

FinCEN and Federal Reserve Board Reducing the Bar for International Transactions Explore More

News

Swiss Regulator FINMA Issues DLT Act for Digital Securities Market

The Financial Market Supervisory Authority (FINMA) introduced regulatory amendments for digital s...

Swiss Regulator FINMA Issues DLT Act for Digital Securities Market Explore More

News

Shufti’s Age Verification Solution Approved by KJM

Germany’s Commission for media, Kommission für Jugendmedienschutz (KJM), has approved Shufti’...

Shufti’s Age Verification Solution Approved by KJM Explore More

News

UAE Issues a Total of $11 Million in Fines for AML Offenses in First Half of 2022

UAE’s AML task force has imposed fines of over Dh41 million ($11m) in the first six months of 202...

UAE Issues a Total of $11 Million in Fines for AML Offenses in First Half of 2022 Explore More

News

EUR 27 Million Worth Crypto Assets Seized by the NCA in Money Laundering Crackdown

NCA seizes crypto assets worth £27m last year in a major money laundering crackdown Although inst...

EUR 27 Million Worth Crypto Assets Seized by the NCA in Money Laundering Crackdown Explore More

News

One Million Student Records Compromised by E-Learning Sites

About one million online student records that contain personal information of students have been ...

One Million Student Records Compromised by E-Learning Sites Explore More

News

Ontarians Lost More than $118M to ‘Grandparent Scam’ in 2022, Reports

‘Grandparent scam’ cost Ontario residents more than $118 million. Scammers call elderly people an...

Ontarians Lost More than $118M to ‘Grandparent Scam’ in 2022, Reports Explore More

News

Instagram is Adding Age Verification to Protect Minors

Instagram is adding age verification in order to provide a safer online community to the minors. ...

Instagram is Adding Age Verification to Protect Minors Explore More

News

Canada’s Anti-Money Laundering Crackdown Gets Support From Coalition

The Canadian government has swiftly responded to a call for action from an alliance of organizati...

Canada’s Anti-Money Laundering Crackdown Gets Support From Coalition Explore More

News

BSP Seeks to Tighten Rules on Reporting ML/TF Threats

The Bangko Sentral ng Pilipinas (BSP) is seeking to tighten guidelines on reporting threats relat...

BSP Seeks to Tighten Rules on Reporting ML/TF Threats Explore More

News

Taiwan FSC Fines Taishin Int’l Bank For Inadequate Internal Controls

Taishin Commercial Bank of Taiwan penalised for defrauding NT $347 million from customers and fai...

Taiwan FSC Fines Taishin Int’l Bank For Inadequate Internal Controls Explore More

News

CFTC Fines CHS Hedging for AML and Other Violations

The Commodity Futures Trading Commission (CFTC) has fined CHS Hedging a civil monetary penalty of...

CFTC Fines CHS Hedging for AML and Other Violations Explore More

News

Austrian Gamblers Struggle to Recoup Money from Illegal Betting Sites

Austrian gamblers struggle to recoup money from illegal betting sites after gambling groups face ...

Austrian Gamblers Struggle to Recoup Money from Illegal Betting Sites Explore More

News

Alfa-Bank to Offer Blockchain-Based Services for the Self-Employed People and Freelancers

Alfa-Bank is one of the largest private commercial banks in Russia which is exploring blockchain-...

Alfa-Bank to Offer Blockchain-Based Services for the Self-Employed People and Freelancers Explore More

News

Blockchain Association States Senator Warren’s Crypto AML Bill is a Threat to the US

The Blockchain Association has raised concerns about the recently proposed Digital Asset Anti-Mon...

Blockchain Association States Senator Warren’s Crypto AML Bill is a Threat to the US Explore More

News

Real Estate is Becoming a Primary Target for Money Launderers in the UK

According to a government report, Luxury London homes are a new method to launder illicit funds. ...

Real Estate is Becoming a Primary Target for Money Launderers in the UK Explore More

News

CBUAE Introduces New Program to Boost Digital Transformation in Financial Services

UAE Central Bank has introduced a program that includes a new digital currency, open finance and ...

CBUAE Introduces New Program to Boost Digital Transformation in Financial Services Explore More

News

Singapore Seizes $2 Billion Worth of Assets in Money Laundering Investigation

Singaporean regulatory authorities officials accused lax immigration policies of large inflows of...

Singapore Seizes $2 Billion Worth of Assets in Money Laundering Investigation Explore More

News

Electronics Giant Samsung Confirms a Data Breach Affecting Personal Information of Customers

Samsung announced a data breach involving customers’ personal information, assuring that so...

Electronics Giant Samsung Confirms a Data Breach Affecting Personal Information of Customers Explore More

News

Federal Prosecutors Investigate Trump’s Social Media Company for Money Laundering

Trump’s social media company is reportedly under investigation by federal prosecutors in New York...

Federal Prosecutors Investigate Trump’s Social Media Company for Money Laundering Explore More

News

“Walk the Talk” – RUSI Calls On FATF to Promote Financial Inclusion

RUSI has called out the FATF for not actively promoting financial inclusion as part of its primar...

“Walk the Talk” – RUSI Calls On FATF to Promote Financial Inclusion 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

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