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

    Shufti Crosses One More Milestone With Its New Ukraine Office

    shufti news

    May 2021 – As part of our plan for global expansion, Shufti is thrilled to announce the launch of our new office in Kyiv, Maidan Plaza, Maidan Nezalezhnosti, 2. Kyiv, 02000, Ukraine. 

    Our new location can be visited here

    With the launch of a new regional office and the incorporation of Ukraine’s tech pool, Shufti will be better able to cater to the IDV needs of the European market. Commenting on the launch of the new office, the CEO of Shufti, Victor Fredung, stated: 

    “We are excited to extend our services to Ukrainian businesses by opening our new office in Kyiv, Maidan Plaza. As the demand for verifying digital identities continues to grow, our services can be availed by leading enterprises that aim to eliminate fraud and maintain compliance in a single go.”

    Starting from a single office in the UK with a team of 10-15 individuals, the offices of Shufti are now spread across five countries, namely the UK, Sweden, Cyprus, Dubai, and now Ukraine. With a global team of over 100 professionals, Shufti now aims to bridge the gap in the IDV market in Ukraine. 

    By availing the services of Shufti, Ukrainian companies can effortlessly stay compliant with global AML and KYC standards, prevent the threat of prevalent financial and identity frauds, and verify customer identities with an accuracy rate of 98.67% – that too in less than 30-60 seconds. 

    This step is well-aligned with the company’s mission, as the CTO and Co-founder of Shufti, Shahid Hanif stated: 

    Shufti’s customer base in Ukraine is not confined to a single targeted industry. In fact, the company offers customized IDV services to top-tier clientele falling in numerous industry sectors. These industries include but are not limited to finance and banking, healthcare, travel, gaming, cryptocurrency, FinTech, education, telecommunication, and social media. 

    For team Shufti, the opening of the Ukraine office is another feather in the cap. Combined with numerous awards it received in 2020, the company is undoubtedly getting closer to achieving its goal of global expansion. 

    Related Posts

    News

    Nigerian Central Bank Announces Latest Guidelines to Combat Money Laundering

    The Central Bank of Nigeria ordered all customers to link their Bank Verification Number (BVN) an...

    Nigerian Central Bank Announces Latest Guidelines to Combat Money Laundering Explore More

    News

    Chinese Bank trials the test interface for PBoC’s Digital Currency

    One of China’s largest state-owned banks, the Agricultural Bank of China (ABC) is testing a new i...

    Chinese Bank trials the test interface for PBoC’s Digital Currency Explore More

    News

    Switzerland Falls Behind in the Fight Against Money Laundering

    The Parliament of Switzerland has voted against the requirement of performing due diligence on la...

    Switzerland Falls Behind in the Fight Against Money Laundering Explore More

    News

    Visa, Mastercard Face FTC Inquiry Over Debit Card Transactions

    Visa Inc. and Mastercard Inc. are once again facing inquiries by the Federal Trade Commission ove...

    Visa, Mastercard Face FTC Inquiry Over Debit Card Transactions Explore More

    News

    SataBank is Set to be Formally Liquidated Over Money Laundering Concerns

    The liquidation of Satabank has affected prominent names with a massive due amount. The infirm se...

    SataBank is Set to be Formally Liquidated Over Money Laundering Concerns 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

    Russian police arrest former post office chief for mining crypto

    A former Russian regional post office chief was involved in mining cryptocurrencies via the offic...

    Russian police arrest former post office chief for mining crypto Explore More

    News

    Officials Concerned about the Russian Money Laundering Done Through the UK

    The top officials in the UK have shown their concerns about the disturbing regularity of the Russ...

    Officials Concerned about the Russian Money Laundering Done Through the UK 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

    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

    Portuguese Banks Restrict Services for Crypto Exchanges, Citing Risky Grounds

    Portuguese banks have restricted services of multiple crypto exchange firms operating in the coun...

    Portuguese Banks Restrict Services for Crypto Exchanges, Citing Risky Grounds 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

    Ireland Campaigns to make Dublin the EU AML Authority Headquarter

    A team was established in the Department of Finance by the Irish government to campaign for Dubli...

    Ireland Campaigns to make Dublin the EU AML Authority Headquarter Explore More

    News

    ‘Money Laundering risk is higher in banks in Mexico than crypto firms’, says FIU report

    According to the new report generated by the country’s financial intelligence unit (FIU), the ban...

    ‘Money Laundering risk is higher in banks in Mexico than crypto firms’, says FIU report Explore More

    News

    The UAE Has Taken ‘Significant Steps’ in Fighting Financial Crime

    UAE authorities have taken “significant steps” to prevent money laundering and other financial cr...

    The UAE Has Taken ‘Significant Steps’ in Fighting Financial Crime Explore More

    News

    FCA Issues Report on Progress of Professional Body AML Supervision (OPBAS)

    The report has highlighted key areas of improvement, including effective implementation of a risk...

    FCA Issues Report on Progress of Professional Body AML Supervision (OPBAS) Explore More

    News

    Westpac Proven Guilty of Breaching Money Laundering Laws after Commonwealth Bank

    Westpac was accused of violating the money laundering laws and counter-terrorism financial allega...

    Westpac Proven Guilty of Breaching Money Laundering Laws after Commonwealth Bank Explore More

    News

    Libra taps another former FinCEN official as general counsel

    Robert Werner, former director of FinCEN and OFAC regulatory authorities, has recently joined the...

    Libra taps another former FinCEN official as general counsel Explore More

    News

    Singapore Proposes Additional AML/CFT Requirements for FIs

    Monetary Authority Singapore has issued a consultation paper proposing the scope of AML/CFT to be...

    Singapore Proposes Additional AML/CFT Requirements for FIs Explore More

    News

    FATF Votes to Graylist Malta

    Malta’s Prime Minister announced the news at a conference on Wednesday after local media reported...

    FATF Votes to Graylist Malta Explore More

    News

    Myanmar Promises Improvements after FATF’s Blacklisting

    Myanmar’s central bank has made promises of reforms and issued a warning against currency m...

    Myanmar Promises Improvements after FATF’s Blacklisting Explore More

    News

    Portuguese Banks Restrict Services for Crypto Exchanges, Citing Risky Grounds

    Portuguese banks have restricted services of multiple crypto exchange firms operating in the coun...

    Portuguese Banks Restrict Services for Crypto Exchanges, Citing Risky Grounds 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

    European Commission Lists Online Gambling a High-Risk Sector for Money Laundering

    The European Commission has listed online gambling as a high-risk avenue for money laundering aft...

    European Commission Lists Online Gambling a High-Risk Sector for Money Laundering Explore More

    News

    Dutch Rabobank Under Investigation Over Suspected AML/CTF Violations

    According to the Netherlands’ second largest money lender, Dutch prosecutors are investigating Ra...

    Dutch Rabobank Under Investigation Over Suspected AML/CTF Violations 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

    ChatBooks notifies users of the data breach after data sold on the dark web

    ChatBooks has recently disclosed the data breach following a cyber attack on its system that resu...

    ChatBooks notifies users of the data breach after data sold on the dark web Explore More

    News

    FATF Updates on South Africa’s AML Compliance Progress

    A report on South Africa’s progress in implementing AML procedures to prevent money launder...

    FATF Updates on South Africa’s AML Compliance Progress Explore More

    News

    Blockchain officially becomes part of China’s tech strategy

    According to the National Development and Reform Commission (NDRC), China will use Blockchain to ...

    Blockchain officially becomes part of China’s tech strategy Explore More

    News

    Online Gambling Operator Penalized Over Failure to Meet Anti-Money Laundering Regulations

    Boylesports, an online gambling operation is facing £ 2.8 million in fines for violating the regu...

    Online Gambling Operator Penalized Over Failure to Meet Anti-Money Laundering Regulations Explore More

    News

    Canadian financial watchdog geared up for FATF compliance

    The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) plans on closely regul...

    Canadian financial watchdog geared up for FATF compliance Explore More

    News

    Cambodia’s Presence on The Global Watchdog’s Hit List is a Threat to Country’s Reputation- States Deputy PM

    Due to the enhanced ratio of financial crimes and human trafficking in Cambodia, the deputy prime...

    Cambodia’s Presence on The Global Watchdog’s Hit List is a Threat to Country’s Reputation- States Deputy PM Explore More

    News

    NY Lawmakers Approve Legislation Against Financial Fraud

    Michael Gianaris, Deputy Leader of the Senate, recently announced his legislative measures to pro...

    NY Lawmakers Approve Legislation Against Financial Fraud Explore More

    News

    ASIC Expands its Team to Enhance Cryptocurrency Regulations

    Australia’s financial regulator has enhanced the size of its crypto team. The crypto regula...

    ASIC Expands its Team to Enhance Cryptocurrency Regulations Explore More

    News

    Credit Cards are Risky for Crypto Transactions, Says Taiwan’s Financial Watchdog

    Credit cards should not be used for crypto-related transactions, as stated by Taiwan’s financial ...

    Credit Cards are Risky for Crypto Transactions, Says Taiwan’s Financial Watchdog Explore More

    News

    The Age Verification Software Market to Experience Tremendous Growth by 2025

    The increasing number of scams in today’s virtual world needs a better verification system. Prote...

    The Age Verification Software Market to Experience Tremendous Growth by 2025 Explore More

    News

    Another Step Taken by the EU to Harmonize AML Rules

    The European Banking Authority has proposed new guidance for compliance officers. The attempt is ...

    Another Step Taken by the EU to Harmonize AML Rules Explore More

    News

    Switzerland Falls Behind in the Fight Against Money Laundering

    The Parliament of Switzerland has voted against the requirement of performing due diligence on la...

    Switzerland Falls Behind in the Fight Against Money Laundering Explore More

    News

    Denmark’s Gambling Authority Issues Reminder for AML Duties

    All licensed businesses are reminded to report suspicious transactions that may be indicative of ...

    Denmark’s Gambling Authority Issues Reminder for AML Duties Explore More

    News

    Hacker attempts to steal crypto via fake Google Chrome extensions

    A hacker is exploiting trust in renowned brands by creating fake cryptocurrency wallet extensions...

    Hacker attempts to steal crypto via fake Google Chrome extensions Explore More

    News

    G-20 impels countries to adopt tough FATF Regulations on Cryptocurrencies

    Bankers and finance ministers in the G-20 (Group of Twenty) are urging for greater acceptance of ...

    G-20 impels countries to adopt tough FATF Regulations on Cryptocurrencies Explore More

    News

    Over $1 Billion Laundered Through Australia’s Pubs and Clubs Annually

    A joint report by media outlets has shown evidence of over AU$1 billion being laundered throughou...

    Over $1 Billion Laundered Through Australia’s Pubs and Clubs Annually Explore More

    News

    Croatian Finance Ministry Proposes New Bill to Combat Money Laundering

    The Croatian Finance Ministry has introduced a new bill for state institutions to monitor the ban...

    Croatian Finance Ministry Proposes New Bill to Combat Money Laundering 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

    The Corporate Transparency Act is Set to be Implemented in January 2024 Across the Country

    The Corporate Transparency Act passed in 2021 is going into enforcement in a few days and will im...

    The Corporate Transparency Act is Set to be Implemented in January 2024 Across the Country Explore More

    News

    Britain’s FCA Fines Ghanaian Bank for Insufficient AML Regulations

    The Financial Conduct Authority of the UK has imposed fines of £5.8 million on Ghana Internationa...

    Britain’s FCA Fines Ghanaian Bank for Insufficient AML Regulations Explore More

    News

    Shufti Introduces Digital COVID Pass for COVID Test Verification

    Shufti has launched a Digital Covid Pass solution to promptly verify the COVID PCR-test repor...

    Shufti Introduces Digital COVID Pass for COVID Test Verification Explore More

    News

    Archipelago Trading Fined $1.5 Million for SAR and AML Failings

    The US Security and Exchange Commission (SEC) fined the Archipelago Trading company over the shor...

    Archipelago Trading Fined $1.5 Million for SAR and AML Failings Explore More

    News

    Economic & Financial Crime Bureau Gets Legal Powers as an Independent Authority

    The Economic & Financial Crime Bureau and Financial Intelligence Unit [Bailiwick of Guernsey]...

    Economic & Financial Crime Bureau Gets Legal Powers as an Independent Authority Explore More

    News

    11 Arrested for the First Money Laundering Case Using Digital Yuan

    Chinese security officials have arrested 11 suspects in the first Central Bank Digital Currency (...

    11 Arrested for the First Money Laundering Case Using Digital Yuan Explore More

    News

    The UAE Hosts the Egmont Plenary to Promote Global Anti-Money Laundering Efforts

    The UAE Financial Intelligence Unit is hosting this year’s Egmont Plenary event, which is e...

    The UAE Hosts the Egmont Plenary to Promote Global Anti-Money Laundering Efforts Explore More

    News

    RBI to Strengthen KYC Guidelines for the Crypto Industry

    IndiaTech has suggested enhancing the KYC guidelines and obligating the cryptocurrency industry t...

    RBI to Strengthen KYC Guidelines for the Crypto Industry 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

    Online Gaming Used by Criminals to Groom Minors into Drug Mules

    Criminal networks are now applying the use of online video game, Fortnite, to groom minors around...

    Online Gaming Used by Criminals to Groom Minors into Drug Mules Explore More

    News

    Cryptocurrencies Need Regulation to Prevent Money Laundering, Says Singapore Minister

    A panel of regulators and bankers at the World Economic Forum stated that cryptocurrency need to ...

    Cryptocurrencies Need Regulation to Prevent Money Laundering, Says Singapore Minister Explore More

    News

    Data Security at Risk Due to the Fake Lending Apps

    Gained network access, pictures, and contact information are at threat due to the fake lending ap...

    Data Security at Risk Due to the Fake Lending Apps Explore More

    News

    Increasing Money Laundering Fines for Banks After Lockdown

    Despite the delays in enforcement activities due to lockdown, the globally issued money launderin...

    Increasing Money Laundering Fines for Banks After Lockdown 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

    Deutsche Bank Pays $130M to Avoid Corrupt Payment Charges

    Deutsche Bank, a German investment bank, has agreed to pay the fine of $130 million to settle the...

    Deutsche Bank Pays $130M to Avoid Corrupt Payment Charges Explore More

    News

    UK Treasury Committee Launches Inquiry into the Role of Crypto Assets and the Associated Risks

    The Treasury Committee of the UK’s House of Commons has urged the public to submit their take and...

    UK Treasury Committee Launches Inquiry into the Role of Crypto Assets and the Associated Risks Explore More

    News

    Business Email Compromise Scam Taking a Toll on Businesses

    BEC, Business Email Compromise scams are on the rise and they continue to impact businesses. Ther...

    Business Email Compromise Scam Taking a Toll on Businesses Explore More

    News

    Zipmex Crypto Trading Platform Suspends All Activities in Thailand

    Zipmex cryptocurrency exchange firm withdrew all activities in Thailand until 31st January 2024 t...

    Zipmex Crypto Trading Platform Suspends All Activities in Thailand Explore More

    News

    Nigeria, Myanmar, and Türkiye Take Effective Steps to Meet FATF Recommendations

    Myanmar, Nigeria, and Türkiye are implementing effective measures to level up anti-money launderi...

    Nigeria, Myanmar, and  Türkiye Take Effective Steps to Meet FATF Recommendations Explore More

    News

    UAE Endorses Legal Framework for Unlicensed Virtual Asset Platforms

    The United Arab Emirates (UAE) issued new strict anti-money laundering regulations for unlicensed...

    UAE Endorses Legal Framework for Unlicensed Virtual Asset Platforms 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

    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

    FirstBank of Nigeria Continues Commitment to Combating Money Laundering

    Chief Executive Officer of the First Bank Group of Nigeria Limited, Dr. Adesola Adeduntan, noted ...

    FirstBank of Nigeria Continues Commitment to Combating Money Laundering Explore More

    News

    Comparitech Report Ranks Biometric Data Use: China Tops the List

    Comparitech, a pro-consumer technology website, conducted a study including 50 countries and thei...

    Comparitech Report Ranks Biometric Data Use: China Tops the List Explore More

    News

    Financial gain surpasses espionage as a top motivator in cyber attacks

    NEW YORK – According to Verizon’s annual report on cybercrimes, money surpassed spying as t...

    Financial gain surpasses espionage as a top motivator in cyber attacks 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

    AFP Investigates Money Laundering Tactics Employed by Criminals in 2021

    The Australian Federal Police is highlighting the hidden channels used by money launderers in 202...

    AFP Investigates Money Laundering Tactics Employed by Criminals in 2021 Explore More

    News

    Japan’s regulator verifies 2 new digital currency alliances

    Financial regulators in Japan have approved two organizations to act as digital currency associat...

    Japan’s regulator verifies 2 new digital currency alliances 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