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

    52.167.144.231

    Shufti Unveils New Product NFC Verification for NFC Based Identity Verification

    Shufti pro

    Shufti has launched a new product, NFC Verification, that uses Near Field Communication technology to verify chip-based identity documents such as e-ID cards, e-passport, and e-driving license. NFC Verification will allow us to provide our customers with a highly accurate IDV solution and vastly improve the user experience.

    Governments around the world are increasingly adopting chip-based ID documents. Even the EU has a regulation that obligates the use of chip-based ID documents. It is expected that by the end of 2021, the number of e-IDs will increase up to 3.6 billion. This has raised the need for an NFC-based identity verification solution that can swiftly verify chip-based ID documents. The demand for NFC technology is on the rise as 81% of smartphones are now NFC-enabled. 

    The e-ID documents have a chip embedded in them that encrypts the personally identifiable information of the user. NFC Verification will now use the NFC technology to swiftly and automatically extract the encrypted information from the chip and screen it against the information on the ID document to ensure its authenticity.

    With the help of NFC Verification, we can now provide a smooth customer experience to our clients along with a reliable solution that can now swiftly and more accurately identify fake, stolen, or doctored ID documents. 

    How NFC Verification Work

    1. The end-user uploads the photo of the NFC-enabled ID document 
    2. The end-user taps the NFC chip of their ID document against the NFC reader on the smart device
    3. NFC Verification matches the data extracted from the NFC chip against the information on the ID document 
    4. The results are immediately delivered in real-time  

    Our CTO, Shahid Hanif talks about the significance of NFC, “Due to the increase in the demand for digital IDs, the businesses are looking for a faster way for identity verification. Technology is evolving rapidly and being a global service provider it’s crucial for us to adopt the new trends in mainstream technology and provide our customers with a more reliable identity verification process. This will not only enhance the accuracy of results for our customers but will help them improve their customer experience by incorporating new technologies in the user verification journey.”

    Putting the needs of our customers ahead has always been the aim of Shufti. Previously we got recognition with The Great User Experience Award for assisting our customers in streamlining their customer onboarding operations. Now with NFC Verification, we will cater to our customers’ needs by helping them and their customers with a seamless NFC-enabled ID verification solution. 

    Related Posts

    News

    SEC Files Money Laundering Complaint Against Silverlion

    The Security Exchange Commission (SEC) filed a case against Silverlion Livestock Trading Corporat...

    SEC Files Money Laundering Complaint Against Silverlion Explore More

    News

    Largest Banking Cooperation in Columbia Busted for Violating Anti-money Laundering Regulations

    Banco de Occidente, Columbia’s largest banking cooperation Grupo Aval owned by one of the richest...

    Largest  Banking Cooperation in Columbia Busted for Violating Anti-money Laundering Regulations Explore More

    News

    China’s Central Bank Fines Zhongtian Securities $216k for AML Breaches

    China’s Central bank has fined Zhongtian Securities Co. Ltd. 1.37 million yuan ($216,000) for AML...

    China’s Central Bank Fines Zhongtian Securities $216k for AML Breaches Explore More

    News

    Hong Kong Amends AML/CTF Laws to Include Crypto Exchanges

    Hong Kong’s legislative council has amended its Anti Money Laundering and  Countering Terrorist F...

    Hong Kong Amends AML/CTF Laws to Include Crypto Exchanges 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

    US Senator Warns ‘a Run on Crypto’ May Need Federal Bailout

    Elizabeth Warren, US Senator and a longtime bitcoin skeptic has shared her views about the upside...

    US Senator Warns ‘a Run on Crypto’ May Need Federal Bailout Explore More

    News

    US Rated as The Most Secretive Financial Jurisdiction in the World

    The US has been ranked the most secretive financial jurisdiction in the world due to deterioratio...

    US Rated as The Most Secretive Financial Jurisdiction in the World Explore More

    News

    FinTech Market Gaining Traction in Asia, Slowing Down in US

    The Financial Technology (FinTech) market is booming in Asia, especially in China according to a ...

    FinTech Market Gaining Traction in Asia, Slowing Down in US Explore More

    News

    RSA Revamps Digital Payments with Industry-centric Regulations

    The federal bank in South Africa re-regulated guidelines for performing card transactions between...

    RSA Revamps Digital Payments with Industry-centric Regulations Explore More

    News

    Money Laundering & VAT Fraud Acquisition Against Lycamobile

    A trial for money laundering and value-added tax (VAT) fraud between 2014 and 2016 started on Jun...

    Money Laundering & VAT Fraud Acquisition Against Lycamobile Explore More

    News

    Indiana Witnesses a Spike in Identity Theft and Data Breaches

    Covid19’s outburst has resulted in exponential growth in online banking, purchasing, and eC...

    Indiana Witnesses a Spike in Identity Theft and Data Breaches 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

    Standard Chartered Is Fined $13.6 Million by India’s AML agency

    Standard Chartered Bank is fined $13.6 million by India’s anti-money laundering agency for 2007 d...

    Standard Chartered Is Fined $13.6 Million by India’s AML agency 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

    US Targets More Russian Yachts Linked to Putin as Part of Extended Sanctions

    The Treasury Department has expanded its Russian sanctions to target Moscow’s access to yachts as...

    US Targets More Russian Yachts Linked to Putin as Part of Extended Sanctions Explore More

    News

    Effective Measures are Needed to Tackle Money Laundering and Terrorist Financing, Says EMLCU’s Head

    The Union of Arab Banks arranged the three-day anti-money laundering and terrorist financing even...

    Effective Measures are Needed to Tackle Money Laundering and Terrorist Financing, Says EMLCU’s Head Explore More

    News

    Crypto exchange owner admits laundering $1.8M in online auctions fraud

    Vlad-Calin Nistor and 14 other accused, including the owner of a car wash, have all entered guilt...

    Crypto exchange owner admits laundering $1.8M in online auctions fraud Explore More

    News

    UAE banking sector unites with law enforcement agencies to tackle fraud

    Dubai: UAE’s first national fraud awareness campaign has been initiated with the collaboration of...

    UAE banking sector unites with law enforcement agencies to tackle fraud Explore More

    News

    Kazakhstan has Improved to Achieve the Lowest Risk Score for ML/TF

    According to the annual report of Basel Index 2020, among the 141 countries, Kazakhstan is at 73r...

    Kazakhstan has Improved to Achieve the Lowest Risk Score for ML/TF Explore More

    News

    Nigerian Crypto Firms Adopts KYC Measures to Comply with CBN’s Directives

    The Nigerian crypto exchanges have started complying with the directives provided by the Central ...

    Nigerian Crypto Firms Adopts KYC Measures to Comply with CBN’s Directives Explore More

    News

    Guyana Holds US-Sponsored Conference to Examine Asset Recovery and Money Laundering Issues

    The Judiciary of Guyana organised a two-day conference in collaboration with the US Department of...

    Guyana Holds US-Sponsored Conference to Examine Asset Recovery and Money Laundering Issues 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

    BaFin Imposes $10M Fine on Deutsche Bank for Euribor Control Failing

    Deutsche Bank faces challenges as BaFin imposes a 10-million dollar fine for Euribor control fail...

    BaFin Imposes $10M Fine on Deutsche Bank for Euribor Control Failing Explore More

    News

    FBI Seizes $1.7M During 3-Month Crypto Operation

    During a 3-month operation from March to May, the FBI seized $1.7m worth of cryptocurrencies, inc...

    FBI Seizes $1.7M During 3-Month Crypto Operation Explore More

    News

    COVID at EURO 2020 Reinforced the Need for Digital COVID Pass

    With 2 infected players infiltrating the entire stadium, many are fearing the spread of COVID-19 ...

    COVID at EURO 2020 Reinforced the Need for Digital COVID Pass Explore More

    News

    “The Community” Fined $120M for Multi-million Cryptocurrency Theft Scheme

    A sixth member of “The Community” was sentenced to 10-month imprisonment and over $120,000 fine f...

    “The Community” Fined $120M for Multi-million Cryptocurrency Theft Scheme Explore More

    News

    A European Money-Laundering Network Captured by French National Gendarmerie

    A money-laundering network in France was under investigation for 18 months by French National Gra...

    A European Money-Laundering Network Captured by French National Gendarmerie Explore More

    News

    FinCEN Fines Puerto Rican Bank, Bancrédito, $15 Million on BSA Violation

    Puerto Rican bank, Bancrédito, was fined $15 million by the Financial Crimes Enforcement Network ...

    FinCEN Fines Puerto Rican Bank, Bancrédito, $15 Million on BSA Violation Explore More

    News

    WHO launches blockchain platform to fight COVID-19

    On March 28 the World Health Organization (WHO) collaborated with major blockchain and technology...

    WHO launches blockchain platform to fight COVID-19 Explore More

    News

    FMA Gives Red Signal to Pencarrow Private Equity for AML/CTF Violations

    The Financial Market Authority (FMA) has issued a formal warning to Pencarrow Private Equity Mana...

    FMA Gives Red Signal to Pencarrow Private Equity for AML/CTF Violations Explore More

    News

    US Senators Urge CISA to Incorporate Rules for Ransomware Reporting

    US senators have urged the CISA to enforce new ransomware reporting rules amid a sharp increase i...

    US Senators Urge CISA to Incorporate Rules for Ransomware Reporting Explore More

    News

    Westpac Freezes Executive’s Bonuses Amid Money Laundering Scandal

    Westpac’s board will withhold bonuses of all of its senior executives as an ‘interim’ step follow...

    Westpac Freezes Executive’s Bonuses Amid Money Laundering Scandal Explore More

    News

    FATF Issues Guidance for AML/CFT Digitization of FIUs

    FATF published a report in collaboration with the Egmont group discussing why and how FIUs should...

    FATF Issues Guidance for AML/CFT Digitization of FIUs Explore More

    News

    EBA revised its guidelines on ML/FT risk factors

    The European Banking Authority (EBA) issued revised money laundering and terrorist funding (ML/TF...

    EBA revised its guidelines on ML/FT risk factors 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

    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

    Regulators Express Concerns on TD Bank’s AML Practices Leading to Merger Termination to Acquire First Horizon Bank

    TD Bank was being examined by the Office of the Federal Reserve and the Comptroller of the Curren...

    Regulators Express Concerns on TD Bank’s AML Practices Leading to Merger Termination to Acquire First Horizon Bank Explore More

    News

    Supreme People’s Court of China to Impose Severe Penalties for Financial Crimes

    China’s top courts are set to impose heavier punishments to prevent financial crimes and mitigate...

    Supreme People’s Court of China to Impose Severe Penalties for Financial Crimes Explore More

    News

    Economic uncertainty ‘a breeding ground for fraud and financial crime

    The FATF has warned that the Coronavirus outbreak has caused unparalleled challenges in the econo...

    Economic uncertainty ‘a breeding ground for fraud and financial crime Explore More

    News

    Former NFL Player Guilty of Identity Theft, COVID-19 Relief Fraud

    Ex NFL player has been found guilty to one count of unauthorized access device fraud and one coun...

    Former NFL Player Guilty of Identity Theft, COVID-19 Relief Fraud Explore More

    News

    Binance Expands Footprint in Europe as it Acquires License to Operate in Sweden

    The Swedish financial supervisory authority (FSA) allowed Binance to operate in the country, whic...

    Binance Expands Footprint in Europe as it Acquires License to Operate in Sweden Explore More

    News

    Central Bank of Nigeria (CBN) Raises Concerns Over KYC and AML Protocols

    The Central Bank of Nigeria (CBN) has intensified pressure on financial institutions (FIs) to imp...

    Central Bank of Nigeria (CBN) Raises Concerns Over KYC and AML Protocols 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

    Wealthy Americans Targeted by U.S. in Panama Tax-fraud Probe

    Financial authorities in the US obtained a legal mandate to acquire information about wealthy cit...

    Wealthy Americans Targeted by U.S. in Panama Tax-fraud Probe Explore More

    News

    Swiss Prosecutors Scrutinize Lebanon’s Central Bank for Money Laundering

    Prosecutors in Switzerland are carrying out investigations from the British Virgin Islands to Gen...

    Swiss Prosecutors Scrutinize Lebanon’s Central Bank for Money Laundering 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

    UK Cryptos Have Eight Months to Get their AML Measures In Order – FCA

    UK – The Financial Conduct Authority (FCA) has pushed back the end date of crypto company’s...

    UK Cryptos Have Eight Months to Get their AML Measures In Order – FCA Explore More

    News

    New York Financial Department Releases Guidelines On Dollar-Backed Stable Coins

    The New York Financial Department has released “Guidance on the Issuance of U.S. Dollar-Backed St...

    New York Financial Department Releases Guidelines On Dollar-Backed Stable Coins Explore More

    News

    FCA Says Bankman-Fried FTX Cryptocurrency Exchange Not Regulated in the UK

    FCA warned crypto exchange FTX due to their unauthorized operations. The financial regulator clea...

    FCA Says Bankman-Fried FTX Cryptocurrency Exchange Not Regulated in the UK Explore More

    News

    New ultrasonic hack can manipulate your digital assistant

    Researchers are advising consumers about a new type of hack that has recently emerged. It involve...

    New ultrasonic hack can manipulate your digital assistant Explore More

    News

    Expanding Fraud in Digital Space—Florida’s Government Raises Awareness

    The Florida Department of Agriculture and Consumer Services issued a newsletter to alert people r...

    Expanding Fraud in Digital Space—Florida’s Government Raises Awareness Explore More

    News

    Turkey Mandates NFC-based Identity Verification for Customer Onboarding

    Turkey’s regulatory body, Banking Regulation and Supervision Agency (BRSA) has issued new regulat...

    Turkey Mandates NFC-based Identity Verification for Customer Onboarding Explore More

    News

    13K Affected in Third-Party Data Breach at Anthem MaineHealth

    A third-party service provider accessed the database of Anthem MaineHealth and obtained patients’...

    13K Affected in Third-Party Data Breach at Anthem MaineHealth Explore More

    News

    NAB Updating KYC Data of 9M Customers

    Project Apollo has been initiated by NAB in an attempt to meet AML obligations.  In August 2021, ...

    NAB Updating KYC Data of 9M Customers Explore More

    News

    US Treasury Official Urges Iraq’s Central Bank to Act Against Money Laundering

    The US Treasury officials stated Iraq’s central bank should design new measures to combat the mis...

    US Treasury Official Urges Iraq’s Central Bank to Act Against Money Laundering 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

    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

    The Philippines Introduces Crypto Guidelines Against Financial Crimes

    The Philippines Monetary Board (MB) has approved the guidelines regarding the virtual assets serv...

    The Philippines Introduces Crypto Guidelines Against Financial Crimes Explore More

    News

    India to Impose $2.65M Fine and Jail for Violating Cryptocurrency Bill

    India’s financial watchdog has proposed a new crypto bill to impose a $2.65M fine and jail for vi...

    India to Impose $2.65M Fine and Jail for Violating Cryptocurrency Bill Explore More

    News

    Cambodia Exits FATF Anti-Money Laundering Gray list, Philippines Remain

    The global watchdog has removed Cambodia from its list of jurisdictions under increased monitorin...

    Cambodia Exits FATF Anti-Money Laundering Gray list, Philippines Remain Explore More

    News

    CBN Issues AML/CFT/CPF Guidelines for Licencing Banks and other Financial Institutions

    The Central Bank of Nigeria (CBN) has issued guidelines to assist promoters of banks and other fi...

    CBN Issues AML/CFT/CPF Guidelines for Licencing Banks and other Financial Institutions Explore More

    News

    France Ranked Among Countries with Effective Measures to Tackle Financial Fraud

    The latest FATF report ranks France among countries that have effective measures in combating fin...

    France Ranked Among Countries with Effective Measures to Tackle Financial Fraud Explore More

    News

    The Bahamas to Launch a Payment Card for Central Bank Digital Currency

    Bahamas’ Central Bank has joined hands with Mastercard and digital payment startup Island Pay to ...

    The Bahamas to Launch a Payment Card for Central Bank Digital Currency Explore More

    News

    UAE banking sector unites with law enforcement agencies to tackle fraud

    Dubai: UAE’s first national fraud awareness campaign has been initiated with the collaboration of...

    UAE banking sector unites with law enforcement agencies to tackle fraud Explore More

    News

    Philippine Banks Struggle to Comply with AML Regulations

    Philippian banks and financial institutions are struggling with compliances regarding the anti-mo...

    Philippine Banks Struggle to Comply with AML Regulations Explore More

    News

    Deutsche Bank AG Settles Money Laundering Probe Worth $7.1 Million

    Deutsche Bank AG settled a money laundering case of $7.1 million over the probe by Frankfurt pros...

    Deutsche Bank AG Settles Money Laundering Probe Worth $7.1 Million Explore More

    News

    Betting and Gambling Council Host AML Training for Gambling Industry

    During the Gambling Anti-Money Laundering Group (GAMLG) training day on September 6th, the Bettin...

    Betting and Gambling Council Host AML Training for Gambling Industry Explore More

    News

    UKGC imposed EUR 3.8 Million Fine on Genesis Global for Social Responsibility and Money Laundering Violations

    After the two-year investigation, the United Kingdom Gambling Commission (UKGC) imposed EUR 3.8 m...

    UKGC imposed EUR 3.8 Million Fine on Genesis Global for Social Responsibility and Money Laundering Violations Explore More

    News

    Westpac to Pay Penalties Totalling $113 Million for “Poor Compliance Culture”

    Australian corporate watchdog imposed $113 million fine on Westpac bank for charging dead people ...

    Westpac to Pay Penalties Totalling $113 Million for “Poor Compliance Culture” 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

    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

    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

    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