The Top 10  Most Difficult Countries for Identity Verification

The Top 10  Most Difficult Countries for Identity Verification

Download Report

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

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

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

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

EU Legislation Bans On-cash Deals Over €10,000 Due to Money Laundering Threats

The European Union’s ban on cash payments over €10,000 for transactions such as car payments is e...

EU Legislation Bans On-cash Deals Over €10,000 Due to Money Laundering Threats Explore More

News

New Zealand’s FMA Issues New ID Verification Guideline

A new explanatory note has been issued by New Zealand identifying the sources of information that...

New Zealand’s FMA Issues New ID Verification Guideline Explore More

News

Russians Approach UAE’s Crypto Firms in Search of Safe Havens

The UAE’s crypto firms and real estate sector are being used by Russians as safe havens to liquid...

Russians Approach UAE’s Crypto Firms in Search of Safe Havens Explore More

News

MAS Imposed a Fine of $375,000 on UOB Kay Hian For Business Conduct Compliance Failures

The Monetary Authority of Singapore (MAS) imposed a fine of S$375,000 on UOB Kay Hian, a brokerag...

MAS Imposed a Fine of $375,000 on UOB Kay Hian For Business Conduct Compliance Failures Explore More

News

ICC Qatar is going to have a seminar on money laundering and terrorist financing

The International Chamber of Commerce (ICC) Qatar is conducting a compliance awareness seminar on...

ICC Qatar is going to have a seminar on money laundering and terrorist financing Explore More

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

CBN Adds Cameroon, Croatia, Korea, and Vietnam to Money Laundering Watchlist

A circular issued to Deposit Money Banks (DMBs) states the Central Bank of Nigeria has added Came...

CBN Adds Cameroon, Croatia, Korea, and Vietnam to Money Laundering Watchlist Explore More

News

New KYC and AML Compliance May Violate Privacy Laws in South Korea

The South Korean government is considering implementing KYC and AML compliance in the region, but...

New KYC and AML Compliance May Violate Privacy Laws in South Korea Explore More

News

German FinTech N26 Notches $100M Amid COVID-19 Uncertainty

A funding deal for an extra $100 million has been closed by a German challenger bank N26 as it pr...

German FinTech N26 Notches $100M Amid COVID-19 Uncertainty Explore More

News

Insurance and Pension Sector in Zimbabwe Progressing in Anti-Money Laundering Efforts

Both sectors in Zimbabwe are prone to money laundering, and the first target of the authorities i...

Insurance and Pension Sector in Zimbabwe Progressing in Anti-Money Laundering Efforts Explore More

News

Binance Pulls Out its Rival Exchange Huobi from Money Laundering Attempt

Binance helped its rival crypto exchange, Huobi Global, recover the amount taken in a bridge expl...

Binance Pulls Out its Rival Exchange Huobi from Money Laundering Attempt Explore More

News

Ransomware gang strikes three companies in the US and Canada

The well-known ransomware group REvil has initiated another series of attacks targeting three com...

Ransomware gang strikes three companies in the US and Canada Explore More

News

Singapore replaces passwords and ID documents with facial recognition systems

As reported by Strait Times, Singapore plans to replace passwords and identity documents with bio...

Singapore replaces passwords and ID documents with facial recognition systems Explore More

News

US Government to Establish New Corporate Transparency Act Regulations to Verify UBOs

The US government is ready to change the process of reporting beneficial ownership. The final rul...

US Government to Establish New Corporate Transparency Act Regulations to Verify UBOs 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

Colombian Money Laundering Watchdog Delays Crypto Transaction Reporting Regime

The UIAF has postponed the date for crypto exchanges and individuals to start reporting their tra...

Colombian Money Laundering Watchdog Delays Crypto Transaction Reporting Regime Explore More

News

ABA House of Delegates Amends the AML Model Rule to Curb Financial Crimes

The House of Delegates amended the ABA Model Rule of Professional Conduct 1.16, which covers decl...

ABA House of Delegates Amends the AML Model Rule to Curb Financial Crimes Explore More

News

“Cryptocurrency Could Become Worthless in Future”, Warns Bank of England

Due to anonymity and the potential risks associated with cryptocurrency, the Bank of England warn...

“Cryptocurrency Could Become Worthless in Future”, Warns Bank of England Explore More

News

UK to Apply Digital Identity Verification Across Government Services

Michael Gove, Cabinet Office Minister has written to Whitehall departments about obligating the u...

UK to Apply Digital Identity Verification Across Government Services Explore More

News

FATF and EU Delist Bahamas from AML Blacklist

European Union has finally removed Bahamas from its AML blacklist, right after FATF has delisted ...

FATF and EU Delist Bahamas from AML Blacklist Explore More

News

$196M Lost in BitMart Hack, Crypto Analysts Warn More Will Come

BitMart, one of the world’s largest cryptocurrency exchanges, lost $196 million in a recent...

$196M Lost in BitMart Hack, Crypto Analysts Warn More Will Come Explore More

News

Mishcon de Reya fined £232,500 for AML Failures

London’s leading firm, Mishcon De Reya has been fined EUR 232,500 over failing Anti-Money Launder...

Mishcon de Reya fined £232,500  for AML Failures Explore More

News

BNM Issues New Policy For Remote Corporate Customer Onboarding

BNM has issued a new policy document that permits MSBs to onboard customers remotely in the corpo...

BNM Issues New Policy For Remote Corporate Customer Onboarding 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

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

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

Kount integrates AI software for immediate identity verification

Kount, a fraud prevention firm is planning on introducing the Identity Trust Global Network for t...

Kount integrates AI software for immediate identity verification Explore More

News

The market for Digital Identity Solutions expected to double by 2024

The market for Digital Identity Solutions is predicted to double between 2019 and 2024, as report...

The market for Digital Identity Solutions expected to double by 2024 Explore More

News

G20 Summit Agrees to Establish a Unified Global Crypto Framework to Prevent Digital Money Laundering

The G20 Summit signed to establish a global unified regulations framework to regulate digital tra...

G20 Summit Agrees to Establish a Unified Global Crypto Framework to Prevent Digital Money Laundering 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

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

Russian Government to Take Regulatory Steps to Harmonize Crypto Market.

Prime Minister of Russian has suggested that crypto should be recognized through the nation’s tax...

Russian Government to Take Regulatory Steps to Harmonize Crypto Market. Explore More

News

Millions of Twitter and Facebook Users May Have Had Their Accounts Compromised

Facebook and Twitter announced on Monday that the personal data of millions of users may have bee...

Millions of Twitter and Facebook Users May Have Had Their Accounts Compromised Explore More

News

The number of Bitcoin ATMs has increased to 8,000

The total number of Bitcoin ATMs across the world have crossed 8,000. The United States has more...

The number of Bitcoin ATMs has increased to 8,000 Explore More

News

More Crypto Regulations on Their Way, Says Head of Turkish Central Bank

A  few days ago, the Turkish Central Bank imposed a complete ban on cryptocurrency payments. Now,...

More Crypto Regulations on Their Way, Says Head of Turkish Central Bank Explore More

News

Namibia Enhances its National Crypto Strategy with New Legislation

Namibia raises the bar with new legislation in the National Crypto Strategy to combat crypto scam...

Namibia Enhances its National Crypto Strategy with New Legislation 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

Global Payments Industry At Risk Due to Cryptocurrencies, Says FinTech Boss

According to the boss of New York based investment banking company, Goldman Sachs, Cryptocurrenci...

Global Payments Industry At Risk Due to Cryptocurrencies, Says FinTech Boss 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

EU Regulators Say Crypto Exchange Licenses Should be Revoked for Money Laundering

EU regulators have proposed that the licenses of crypto exchanges should be revoked in case of se...

EU Regulators Say Crypto Exchange Licenses Should be Revoked for Money Laundering Explore More

News

UN Warns of Increased Money Laundering Risk from Mekong Casinos

The UN officials claimed transnational criminal gangs are exploiting Southeast Asia’s gaming and ...

UN Warns of Increased Money Laundering Risk from Mekong Casinos 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

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

FATF Upgrades Guidelines on Risk-Based Approach for VA/VASPs

FATF (Financial Action Task Force) is upgrading the regulations regarding the risk-based approach...

FATF Upgrades Guidelines on Risk-Based Approach for VA/VASPs 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

Two foreign nationals charged with Cryptocurrency laundering

The United States Department of Justice has charged two Chinese nationals with laundering $100 mi...

Two foreign nationals charged with Cryptocurrency laundering 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

E-krona – Rising Cashless Sweden Sights Virtual Currency

Less than 10% of all transactions are done with cash in Sweden, according to an analysis by its c...

E-krona – Rising Cashless Sweden Sights Virtual Currency Explore More

News

AFP to Crack Down on Italian Money Laundering Syndicates Operating in Australia

The AFP is set to crack down on Italian organised crime and money laundering syndicates flowing b...

AFP to Crack Down on Italian Money Laundering Syndicates Operating in Australia Explore More

News

SRA Fines Oxfordshire Law Firm over Weak AML Controls

The SRA (Solicitors Regulation Authority) has charged £20,000 to an Oxfordshire law firm after id...

SRA Fines Oxfordshire Law Firm over Weak AML Controls Explore More

News

Florida Man Charged $784 Million in Massive Healthcare Fraud

Creaghan Harry, a man from Florida was indicted of $784 million for committing healthcare fraud a...

Florida Man Charged $784 Million in Massive Healthcare Fraud Explore More

News

FinCEN Warns Banks of Potential Russian Sanctions Evasion

The Financial Crimes Enforcement Network (FinCEN) has warned banks of possible suspicious practic...

FinCEN Warns Banks of Potential Russian Sanctions Evasion 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

Council of Europe Shows Support to Serbian Authorities For Combating Money Laundering

The Council of Europe stays dedicated to showing support to authorities for fighting money-launde...

Council of Europe Shows Support to Serbian Authorities For Combating Money Laundering Explore More

News

US Financial Committee to Investigate Crypto to Combat Terrorist Financing

The US House of Financial Service Committee (FSC)  is set to conduct an in-depth investigation of...

US Financial Committee to Investigate Crypto to Combat Terrorist Financing 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

Queensland Launches New Inquiry into Star Entertainment’s Money Laundering Controls

Queensland initiates a new investigation to examine the money laundering controls of the Gambling...

Queensland Launches New Inquiry into Star Entertainment’s Money Laundering Controls Explore More

News

Crown Casinos Fined $450 Million for AML Failures

Casino operator Crown should pay a fine of $450 million for 546 violations of anti-money launderi...

Crown Casinos Fined $450 Million for AML Failures 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

Taiwan Bans Four Foreign Banks for Breaching FX Regulations

The Central Bank of Taiwan has penalized four foreign banks for assisting 8 major grain companies...

Taiwan Bans Four Foreign Banks for Breaching FX Regulations Explore More

News

Adobe, Twitter and NYT Team Up Against Deepfakes

Deepfakes, whether synthetic or manipulated, are rising at an alarming rate. They can cause immen...

Adobe, Twitter and NYT Team Up Against Deepfakes Explore More

News

UAE Confiscates Dh4.73 Bn Worth of Assets in Fight Against Financial Crimes

In the past 12 months, the United Arab Emirates has seized assets worth Dh4.73 billion ($1.29bn) ...

UAE Confiscates Dh4.73 Bn Worth of Assets in Fight Against Financial Crimes 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

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

Singapore’s Public Warned Against the Highly Volatile Crypto World

Singapore’s financial regulators once again warn their public about the risks of the cryptocurren...

Singapore’s Public Warned Against the Highly Volatile Crypto World Explore More

News

Bank of Spain Issues New Cryptocurrency Regulations

Virtual asset service providers, banks, and other financial institutions are now required to regi...

Bank of Spain Issues New Cryptocurrency Regulations Explore More

News

Russian Government to Take Regulatory Steps to Harmonize Crypto Market.

Prime Minister of Russian has suggested that crypto should be recognized through the nation’s tax...

Russian Government to Take Regulatory Steps to Harmonize Crypto Market. Explore More

News

AFM Fines Robeco ​​€2 Million for AML Compliance Failure

The Netherlands’ financial regulator AFM has fined Robeco €2 million for failing to implement ade...

AFM Fines Robeco ​​€2 Million for AML Compliance Failure Explore More

News

NZ FMA Announces to Tighten AML/CFT Approach

FMA intends to closely monitor firms’ processes, with comprehensive assessments of how they onboa...

NZ FMA Announces to Tighten AML/CFT Approach 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