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

Shufti is nominated for ‘Oustanding Product/ Service’

nominated-for-oustanding-product

Global business excellence awards nominated Shufti for the category of outstanding product/ service award 2020.

The outstanding product/service category incorporates the organisations with novel products and services that have been launched not a long ago and are already acknowledged in the marketplace. The award is directed towards the enterprises operating in B2C or B2B market.

Currently, they have only nominated the potential organisations fitting in the respective categories, the winner is yet to be announced. The jury is interested to know the market potential of products/services that how they fit in the existing market and the factors that make them different.

Earlier, Shufti was recognised as the ‘Rising Star’ according to Summer 2020 Identity Verification Software Customer Success Report.

Shufti is an AI-powered digital identity verification solutions provider offering KYC, KYB, and AML services in 200+ countries and territories. It aims to create a secure and safe online marketplace devoid of identity theft and other fraudulent activities.

Launched in 2017, Shufti is all set to capture the identity verification market. Started as a mere identity verification service followed the AML screening solution and know your business (KYB) solution. Now, our state-of-the-art Optical Character Recognition (OCR) technology is ready to compete with existing players.

We still have a long way ahead!

Related Posts

News

SEC & NYDFS Oppose Binance $1 Billion Voyager Deal

The Securities and Exchange Commission and the New York Department of Financial Services have spo...

SEC & NYDFS Oppose Binance $1 Billion Voyager Deal 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

The Brussels Threatens Emirates with Sanctions for Illicit Financial Flow

Think tank has ranked emirates to be the top destination for illicit financial activities. Brusse...

The Brussels Threatens Emirates with Sanctions for Illicit Financial Flow Explore More

News

Rabobank’s Profits Drop Over Shut Down in Russia and Increased AML Costs

Dutch Cooperative Rabobank revealed that its profit plunged more than a quarter in the first half...

Rabobank’s Profits Drop Over Shut Down in Russia and Increased AML Costs 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

UN Warns of Money Laundering Risks Arising from Mekong Region Casinos

According to the U.N. Office on Drugs and Crime, the bond of China and Thailand with Myanmar is g...

UN Warns of Money Laundering Risks Arising from Mekong Region Casinos Explore More

News

EMLCU Reviews Egypts Efforts to Fight Financial Crime

Chairman of EMLCU (Egyptian Money Laundering and Terrorist Financing Combating Unit) Ahmed Saeed ...

EMLCU Reviews Egypts Efforts to Fight Financial Crime Explore More

News

SFC Imposed a HK$9 Fine on RIFA Future for KYC Failings

RIFA Limited was charged by the domestic regulatory authority of Hong Kong, the Securities and Fu...

SFC Imposed a HK$9  Fine on RIFA Future for KYC Failings 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

Bank of Queensland Commits to Anti Money Laundering Laws and Risk Management

Bank of Queensland Ltd (BOQ.AX) disclosed that separate agreements had been reached with the coun...

Bank of Queensland Commits to Anti Money Laundering Laws and Risk Management Explore More

News

Janet Yellen, US Treasury Secretary to be, Prioritizes AML Regulations

Janet Yellen, incoming Secretary of the US Treasury has announced that AML legislation is the mos...

Janet Yellen, US Treasury Secretary to be, Prioritizes AML Regulations Explore More

News

Mexico: Federal Anti-Money Laundering Agency Freezes 1352 Accounts for Money Laundering

On Tuesday, the police and federal anti-money laundering agency said that they have frozen 1352 b...

Mexico: Federal Anti-Money Laundering Agency Freezes 1352 Accounts for Money Laundering Explore More

News

Canada’s Real Estate a Safe Haven for Money Laundering, Confirms Intel

Intel has confirmed the findings of CISC’s report saying that Canadian real estate is a safe have...

Canada’s Real Estate a Safe Haven for Money Laundering, Confirms Intel Explore More

News

FCA Cracks Down on Various Operators Hosting Illegal Crypto Cash Machines Around Leed

The FCA (Financial Conduct Authority) suspects many sites around Leeds of hosting illegally opera...

FCA Cracks Down on Various Operators Hosting Illegal Crypto Cash Machines Around Leed Explore More

News

FATF Issues New Set of AML and CTF Recommendations for EU States

The Financial Action Task Force (FATF) has offered a new set of guidance for European Union (EU) ...

FATF Issues New Set of AML and CTF Recommendations for EU States Explore More

News

Singapore Under High Scrutiny Amid Money Laundering Scandal

Singapore, an immaculate business hub, is under fire for one of the largest money laundering case...

Singapore Under High Scrutiny Amid Money Laundering Scandal Explore More

News

IRS Deploys Effective Filters to Detect and Prevent Tax Evasion

The Treasury Inspector General for Tax Administration released an interim filing season report on...

IRS Deploys Effective Filters to Detect and Prevent Tax Evasion Explore More

News

LocalBitcoins Matching Exchange, Cited By U.S. In Bizlato Case, To Shut Down After 10 Years

LocalBitcoins, the crypto firm named by the US treasury in the Bizlato exchange case, has announc...

LocalBitcoins Matching Exchange, Cited By U.S. In Bizlato Case, To Shut Down After 10 Years Explore More

News

FCA Fines Nigeria’s Guaranty Trust Bank Over AML Control Failures

The (FCA) Financial Conduct Authority has charged 7.6 million pounds ($9.3 million) to the UK sub...

FCA Fines Nigeria’s Guaranty Trust Bank Over AML Control Failures Explore More

News

World economic forum considers using blockchain to solve supply chain crisis

The World Economic Forum (WEF) stated on Monday that blockchain and digitization can help supply ...

World economic forum considers using blockchain to solve supply chain crisis Explore More

News

South Africa Earmarked R265 Million to Get Off FATF’s Greylist

Finance Minister Enoch Godongwana announced on Tuesday that allocating R265 Million is one of sev...

South Africa Earmarked R265 Million to Get Off FATF’s Greylist 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

One in Three Western Australians Experience Financial Frauds – Bankwest

Based on reports, every one in three residents of Western Australia has experienced financial abu...

One in Three Western Australians Experience Financial Frauds – Bankwest Explore More

News

South Korea to Crush Crypto Ignited Illicit Activities

South Korea has announced to eliminate all cryptocurrency-related illegal activities including mo...

South Korea to Crush Crypto Ignited Illicit Activities 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

Singapore Passes Stringent Regulations to Clamp Down on Money Mules

Singapore has passed stringent regulations to clamp down on money mules and those who give contro...

Singapore Passes Stringent Regulations to Clamp Down on Money Mules Explore More

News

CAMLMAC and UAE Financial Intelligence Unit Join Hands to Fight FinCrime

UAE and China have signed an MoU on August 03, 2021 to combat money laundering and terror financi...

CAMLMAC and UAE Financial Intelligence Unit Join Hands to Fight FinCrime Explore More

News

Monetary Authority of Singapore to Take Tougher Action Against Data Breaches

To address the data privacy concern, MAS has recommended that data privacy offences should be mad...

Monetary Authority of Singapore to Take Tougher Action Against Data Breaches Explore More

News

Deutsche Bank Subordinate DWS Fined $25 Million for AML Violations

In the latest enforcement action, the Security Exchange Commission (SEC) has fined $25 million to...

Deutsche Bank Subordinate DWS Fined $25 Million for AML Violations Explore More

News

Botswana Passes New Cryptocurrency Bill, Aiming to Curb Money Laundering

Another African country, Botswana has taken a significant step towards regulating cryptocurrency ...

Botswana Passes New Cryptocurrency Bill, Aiming to Curb Money Laundering Explore More

News

Increasing Financial Crimes Call to Establish a European Center of Excellence For AML Compliance

EU financial and anti-financial crime regulations are more complicated than before and they reinf...

Increasing Financial Crimes Call to Establish a European Center of Excellence For AML Compliance Explore More

News

MASAK to Investigate Short Video Hosting Platform, TikTok Over Money Laundering Allegations

MASAK is investigating the scammers involved in money laundering on TikTok. Over the serious alle...

MASAK to Investigate Short Video Hosting Platform, TikTok Over Money Laundering Allegations Explore More

News

EMI Flagged Nearly 40% of UK’s E-Money Exchanges for Money Laundering Risk

A report from Transparency International revealed that nearly 40% of the UK’s e-payment companies...

EMI Flagged Nearly 40% of UK’s E-Money Exchanges for Money Laundering Risk Explore More

News

Danske Bank Revamps Compliance Measures After Money-Laundering Scandal

Danske Bank A/S was engulfed by a money-laundering scandal in 2018 among other banks in the Nordi...

Danske Bank Revamps Compliance Measures After Money-Laundering Scandal Explore More

News

IMF Urges Central Bank of Seychelles to Upgrade Transparency and AML Controls

The Central Bank of Seychelles (CBS) has been advised by the International Monetary Fund (IMF) to...

IMF Urges Central Bank of Seychelles to Upgrade Transparency and AML Controls Explore More

News

Combating COVID-19: Dubai warns of $10 million loan scheme fraud

A recent scam has emerged in Dubai which involves a $10 million loan for young entrepreneurs and ...

Combating COVID-19: Dubai warns of $10 million loan scheme fraud Explore More

News

UAE Firms Must Disclose UBO’s to Avoid Dirty Money Watch List

500,000+ firms in the UAE (United Arab Emirates) face disclosure of their Ultimate Beneficial Own...

UAE Firms Must Disclose UBO’s to Avoid Dirty Money Watch List Explore More

News

$320 Million Worth of Cryptocurrency Stolen in Wormhole Hack

A recent hack on one of the most popular blockchain bridges linking Ethereum and Solana led to th...

$320 Million Worth of Cryptocurrency Stolen in Wormhole Hack Explore More

News

EU Parliament Proposes Change in AML Bill to Increase Focus on NFTs

Lawmakers in the EU Parliament have proposed new changes for the upcoming AML bill to increase fo...

EU Parliament Proposes Change in AML Bill to Increase Focus on NFTs Explore More

News

SEC Ramps Up Efforts to Tackle Identity Theft in the Captial Market

The Securities and Exchange Commission (SEC) has noted that the Identity Management System will d...

SEC Ramps Up Efforts to Tackle Identity Theft in the Captial Market Explore More

News

Massive Cyberattack on Australia Uses Cryptojacking Exploits

According to the Australian Cyber Security Centre, a group of “state actors” hacked Australian ne...

Massive Cyberattack on Australia Uses Cryptojacking Exploits 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

ICAIE Issues Report on Trade-Based Money Laundering in Free Trade Zones, Ports, & Safe Havens

The ICAIE released a new report called “The Dark Side of Illicit Economies and TBML: Free T...

ICAIE Issues Report on Trade-Based Money Laundering in Free Trade Zones, Ports, & Safe Havens Explore More

News

Newsman arrested for credit card theft

A Newport Newsman was arrested due to credit card and identity theft allegations. The arrest was...

Newsman arrested for credit card theft Explore More

News

SFC Finalizes Consultation Conclusions on AML Guidelines

Updated AML/CFT guidelines are expected to come into effect from 30 September 2021, except for th...

SFC Finalizes Consultation Conclusions on AML Guidelines Explore More

News

US Authorities Seize Bahamas Bank for Laundering $58 Million

It’s rumoured that Deltec, a Bahamas-based bank popular with crypto clients, is linked to a...

US Authorities Seize Bahamas Bank for Laundering $58 Million 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

Treasury to Require Car Dealers to Reveal the Identities and Sources of Income of Buyers

The Treasury of Kenya will require car dealers to provide the identities and sources of their inc...

Treasury to Require Car Dealers to Reveal the Identities and Sources of Income of Buyers Explore More

News

New York man charged with trafficking credit card details

According to a federal indictment, Vitalii Antonenko, 28, was alleged in the U.S District Court f...

New York man charged with trafficking credit card details 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

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

Money Laundering Investigation Leads to Seizure of Canberra Properties, Vehicles, and Cash

Assets worth over $10 million have been seized after an international investigation into money la...

Money Laundering Investigation Leads to Seizure of Canberra Properties, Vehicles, and Cash Explore More

News

Surging Cryptocurrency Scams Target Lower Mainland Seniors

CARP of South Surrey/White Rock has found that the surge in cryptocurrency scams are a threat to ...

Surging Cryptocurrency Scams Target Lower Mainland Seniors Explore More

News

FIU Imposes a Fine of L$21 Million on Insurance Companies for AML Failings

The Liberian financial intelligence unit (FIU) has imposed a L$21 million fine against all the in...

FIU Imposes a Fine of L$21 Million on Insurance Companies for AML Failings Explore More

News

The Biggest Software Company in the US under Ransomware Attack on Election Night

Tyler Technologies in Plano, Texas, was under a ransomware attack last week. The company sells so...

The Biggest Software Company in the US under Ransomware Attack on Election Night Explore More

News

The State Bank of Vietnam Demands More Freedom and Power to be Granted to the Anti-Money Laundering Bureau

The State Bank of Vietnam (SBV) requested the government to enhance security by providing more fr...

The State Bank of Vietnam Demands More Freedom and Power to be Granted to the  Anti-Money Laundering Bureau Explore More

News

Taiwan Initiates Industry Association to Regulate Cryptocurrency Sector

Nine crypto exchange platforms formed a group to create an industry association to regulate Taiwa...

Taiwan Initiates Industry Association to Regulate Cryptocurrency Sector 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

EU Money Laundering Overhaul Should Include NFT Platforms, Lawmakers Say

The two crypto legislation adopted last week did not include unhosted wallets and decentralised f...

EU Money Laundering Overhaul Should Include NFT Platforms, Lawmakers Say Explore More

News

FCA Fines TJM Partnership Limited £2 Million for Money Laundering

The Financial Conduct Authority has fined the investment firm TJM Partnership Limited £2m for ser...

FCA Fines TJM Partnership Limited £2 Million for Money Laundering Explore More

News

Action Fraud Fund Report Exposes Billion-dollar Cryptocurrency Scams

The Action Fraud Fund report exposes the extent of cryptocurrency fraud and Ponzi schemes circula...

Action Fraud Fund Report Exposes Billion-dollar Cryptocurrency Scams Explore More

News

AML Program Risks Highlighted by the Pandora Papers Scandal

Experts have advised compliance officers to divert their focus on EDD, CDD, and UBO verification ...

AML Program Risks Highlighted by the Pandora Papers Scandal Explore More

News

UAE Making ‘Strong Progress’ in Efforts to Prevent Financial Crimes

The Minister of Foreign Affairs said that the UAE is making “strong progress” to prevent illicit ...

UAE Making ‘Strong Progress’ in Efforts to Prevent Financial Crimes Explore More

News

$8 Million Worth of Crypto Stolen From BitKeep Wallets

Cryptocurrencies worth $8 Million, including Binance Coin, Tether, Dai, and Ether, were stolen fr...

$8 Million Worth of Crypto Stolen From BitKeep Wallets Explore More

News

UAE to be Removed from FATF Gray List in 2024

The UAE’s Minister of State for Foreign Trade and chairman of the Emirates Bullion Committee hope...

UAE to be Removed from FATF Gray List in 2024 Explore More

News

1.6M Unemployment Claim Filers Exposed Due to Data Breach

The Washington State Auditor’s Office has investigated an incident that has exposed the personal ...

1.6M Unemployment Claim Filers Exposed  Due to Data Breach Explore More

News

A Brussel Led Crackdown to be Held in Britain if EU Demands are not Met

MEPs have ordered Brussels to black-list the city of London if it does not comply with the EU’s D...

A Brussel Led Crackdown to be Held in Britain if EU Demands are not Met Explore More

News

Members of Spalding Club Charged for Money Laundering Through Investment Scheme

Lincolnshire police reported suspected fraud cases in connection with a trading-based investment ...

Members of Spalding Club Charged for Money Laundering Through Investment Scheme 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

FATF: US largely complacent with virtual currency regulations

The Financial Action Task Force (FATF) has rated the U.S. “largely compliant” with its revised cr...

FATF: US largely complacent with virtual currency regulations Explore More

News

HSBC reports money laundering violations in Australia

LONDON – According to Reuters, HSBC bank (HSBA.L) has reported itself to the Australian fin...

HSBC reports money laundering violations in Australia Explore More

News

Kenyan Authorities Freeze Accounts of Two Nigerian Companies for Allegedly Laundering Sh6 billion

Kenyan authorities have frozen accounts containing Sh45 million belonging to two Nigerian compani...

Kenyan Authorities Freeze Accounts of Two Nigerian Companies for Allegedly Laundering Sh6 billion 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