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

    Singapore replaces passwords and ID documents with facial recognition systems

    Singapore replaces passwords and ID documents with facial recognition systems

    As reported by Strait Times, Singapore plans to replace passwords and identity documents with biometrics to verify identities and initiate transactions. This is a part of Singapore’s national facial identification service.

    Government agencies and financial institutions will set up booths to enable Singaporeans above the age of 15 to scan their faces for immediate verification. Elderly people and overseas citizens, however, will be able to scan their faces using the SingPass Mobile app. According to the report, the new technology has the ability to prevent spoofing and identity theft as well.

    Since 2018, the SingPass Mobile application has supported fingerprint and facial recognition for local use. It was later announced that the country wants to use facial recognition as part of its National Digital Identity (NDI) system the same year, followed by fingerprint and voice recognition. The Singapore National Employers Federation and insurer NTUC Income is constantly carrying out tests on SingPass Mobile for online services. 

    The Minister for the PM’s Smart Nations Initiative, Dr. Vivian Balakrishnan, announced that the new incorporation to the country’s national identity system is vital for the country’s prosperity. He further stated that the agenda is to facilitate more business entities to reap the benefits of the digital infrastructure built by the government. Banks and financial institutions might be able to use the resource to carry out high-risk transactions online, such as money transfers of more than $10,000. In the future, the service might be used to identify customers in buildings and hotels.

    The Smart Nation and Digital Government Office (SNDGO) stated that one of the advantages of the government-backed facial recognition service is that users’ biometric data will not be leaked or shared with anyone, including private organizations. However, the users can still choose to enter passwords or use identity documents if they oppose having their faces scanned. Strict data protection and management protocols are in place and identification of individuals will only be carried out when necessary, such as during law enforcement and in finding missing individuals.

    Singapore has pledged to invest in biometric technology as one of the top areas of artificial intelligence research aimed to drive social and economic development.

    Related Posts

    News

    Jamaica Plans Digital Marketplace to Trigger CBDC Adoption

    Jamaica Observer reported that the CBDC project would improve performance metrics related to JAM-...

    Jamaica Plans Digital Marketplace to Trigger CBDC Adoption 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

    UK Regulators Obligates Crypto Firms to Submit Financial Crime Report

    The UK’s financial watchdog, Financial Conduct Authority (FCA) has expanded financial regulations...

    UK Regulators Obligates Crypto Firms to Submit Financial Crime Report Explore More

    News

    Danish Financial Regulatory Authority Orders Betfair to Address Money Laundering Violations

    A subsidiary of Flutter Entertainment, Betfair International, has been sanctioned by the Danish f...

    Danish Financial Regulatory Authority Orders Betfair to Address Money Laundering Violations 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

    The Law Society of Kenya Discusses Legalisation for Reporting of AML Cases

    The annual conference of the Law Society of Kenya (LSK) was held at the weekend in Diani, the Pre...

    The Law Society of Kenya Discusses Legalisation for Reporting of AML Cases Explore More

    News

    Pandemic Fraud Crackdown: US Bank Employees Indicted Over Document Fraud

    Bank employees and tax preparers fraudulently applied for $3M+ in pandemic relief loans through f...

    Pandemic Fraud Crackdown: US Bank Employees Indicted Over Document Fraud Explore More

    News

    Leading MSB Industry Associations Introduce Best Practices For Anti-Money Laundering

    The introduction of the best practices for anti-money laundering by leading MSB industry associat...

    Leading MSB Industry Associations Introduce Best Practices For Anti-Money Laundering Explore More

    News

    MALACAÑANG Orders Relevant Government Agencies to Implement Anti-Money Laundering Plans and Programs

    Aiming to exit the Financial Action Task Force’s (FATF) grey list by January 2024, MALACAÑANG Pal...

    MALACAÑANG Orders Relevant Government Agencies to Implement Anti-Money Laundering Plans and Programs Explore More

    News

    SEC Warns Wall Street to Enhance AML Systems

    US regulatory authority, the Security and Exchange Commission (SEC), warns Wall Street brokers of...

    SEC Warns Wall Street to Enhance AML Systems Explore More

    News

    Danske Bank Fined €1.82m Over AML and CTF Breaches

    Danske Bank was accused of AML compliance failings and fined €1.82m by the Central Bank, revealin...

    Danske Bank Fined €1.82m Over AML and CTF Breaches Explore More

    News

    IMF Urges El Salvador to Restrict Cryptocurrencies as Legal Tender Amid Money Laundering Risks

    The International Monetary Fund (IMF) is persuading El Salvador to revoke the initiative of makin...

    IMF Urges El Salvador to Restrict Cryptocurrencies as Legal Tender Amid Money Laundering Risks Explore More

    News

    US to Rigorously Implement Anti-Money Laundering in Crypto

    A rule requiring cryptocurrency firms to share data about their customers will be strictly implem...

    US to Rigorously Implement Anti-Money Laundering in Crypto Explore More

    News

    Swiss Government Gears Up to Establish a Central Registry for Beneficial Ownership

    The Swiss government plans to set up a central registry for beneficial ownership, a step that ind...

    Swiss Government Gears Up to Establish a Central Registry for Beneficial Ownership Explore More

    News

    Feds Uncover $12M Money Laundering Operation Between U.S. and Dubai

    Prosecutors have uncovered a money laundering scheme dubbed “The Shadow Exchange” worth USD 12 mi...

    Feds Uncover $12M Money Laundering Operation Between U.S. and Dubai Explore More

    News

    Michigan Man Convicted for COVID-19 Relief Fraud

    The criminal has been sentenced to 32 months in prison for fraudulently acquiring PPP loans.  On ...

    Michigan Man Convicted for COVID-19 Relief Fraud Explore More

    News

    Philippine Senator Files an Anti-Online Gambling Bill Aiming to Curb Financial Crimes

    Philippine Senator Joel Villanueva filed a bill imposing a ban on online gambling to prevent fina...

    Philippine Senator Files an Anti-Online Gambling Bill Aiming to Curb Financial Crimes Explore More

    News

    AUSTRAC to Update Guidance for Threshold Transaction Reporting

    AUSTRAC has made it mandatory for reporting entities to include a threshold transaction report (T...

    AUSTRAC to Update Guidance for Threshold Transaction Reporting Explore More

    News

    Morgan Stanley, Interactive Brokers Under Money Laundering Probe

    The FBI, SEC, and other state agencies are now investigating why Morgan Stanley took on Rodriguez...

    Morgan Stanley, Interactive Brokers Under Money Laundering Probe Explore More

    News

    FATF Highlights “Important Progress” in Colombia’s Anti-Money Laundering Reforms

    A follow-up report from FATF (Financial Action Task Force) reveals that Colombia has significantl...

    FATF Highlights “Important Progress” in Colombia’s Anti-Money Laundering Reforms Explore More

    News

    1803 Arrested in Money Laundering Crackdown Coordinated by 27 Countries

    In a major money laundering crackdown, European police identified more than 18,000 money mules, a...

    1803 Arrested in Money Laundering Crackdown Coordinated by 27 Countries Explore More

    News

    Kenya Takes First Step to Regulate Virtual Asset Market

    The Kenyan government is all set to take the first step to regulate a vast $20 Billion crypto mar...

    Kenya Takes First Step to Regulate Virtual Asset Market Explore More

    News

    The Ringleader of a Crypto-Ponzi Scheme Arrested After a Flee Attempt

    Mathew Piercey, a Ponzi scheme leader who defrauded $35 million for crypto mining and other inves...

    The Ringleader of a Crypto-Ponzi Scheme Arrested After a Flee Attempt 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

    Saskatchewan Government Invests $1.66m to Support Fight Against Money Laundering

    The Government of Saskatchewan is spending $1.66 million on the Civil Forfeiture Program to back ...

    Saskatchewan Government Invests $1.66m to Support Fight Against Money Laundering Explore More

    News

    German Parliament Passes Anti-Money Laundering Laws

    On Thursday, the German parliament passed a draft of anti-money laundering measures to make sure ...

    German Parliament Passes Anti-Money Laundering Laws Explore More

    News

    Creating UBO Registry ‘Biggest Focus’ for US Treasury’s Anti-corruption Push

    As part of the US government’s AML reform plan, an ultimate beneficiary ownership register will b...

    Creating UBO Registry ‘Biggest Focus’ for US Treasury’s Anti-corruption Push Explore More

    News

    NAB and CBA Exposed Over PNG Money Laundering Case

    NAB and CBA have been given a “formal warning” instead of criminal charges, as the PNG regulator ...

    NAB and CBA Exposed Over PNG Money Laundering Case 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

    Facebook’s New AI Can Help You Circumvent Facial Recognition

    Facial recognition technology is primarily used to detect and identify people but in a turn of ev...

    Facebook’s New AI Can Help You Circumvent Facial Recognition Explore More

    News

    Cyprus Makes Progress in Implementing AML Measures

    There has been “slight progress” made by Cyprus in implementing anti-money laundering measures, b...

    Cyprus Makes Progress in Implementing AML Measures Explore More

    News

    HSBC Bank SMS Phishing Scam Targets UK Victims

    A new phishing scam, designed to lure victims into handing over their HSBC bank account details, ...

    HSBC Bank SMS Phishing Scam Targets UK Victims Explore More

    News

    The Commodity Futures Trading Commission to Regulate the Crypto Market with “Full Oversight Capabilities”

    The chairman of the CFTC discussed that his agency would regulate the crypto market.  Digital Com...

    The Commodity Futures Trading Commission to Regulate the Crypto Market with “Full Oversight Capabilities” 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

    Australian Law Council Reports Practitioners Successfully Mitigating Money Laundering Risks

    The Australian Law Council claimed they noticed in the survey that lawyers uphold rigorous regula...

    Australian Law Council Reports Practitioners Successfully Mitigating Money Laundering Risks 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

    Canada’s Federal Agencies to Consult on Anti-Money Laundering and Counter-Terrorism Measures

    The Canadian government has launched a public consultation to strengthen the country’s anti...

    Canada’s Federal Agencies to Consult on Anti-Money Laundering and Counter-Terrorism Measures Explore More

    News

    New Zealand to Introduce New Bill for Public Beneficial Ownership Register

    New Zealand has initiated a crackdown against corporate secrecy after the Pandora papers and look...

    New Zealand to Introduce New Bill for Public Beneficial Ownership Register 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

    8.3 million users affected in ‘Freepik data breach’

    Freepik, a free photo and graphics site, has disclosed a major data breach that affected nearly 8...

    8.3 million users affected in ‘Freepik data breach’ Explore More

    News

    Japan Calls for Disclosure of Major Company Shareholders

    Japan’s Ministry of Justice will require firms to submit details of their major shareholders, als...

    Japan Calls for Disclosure of Major Company Shareholders Explore More

    News

    Swedish Legislators Propose an Increase in Money Laundering Penalties for the Gambling Industry

    Legislators in Sweden will consider increasing penalties for gambling operators who violate the n...

    Swedish Legislators Propose an Increase in Money Laundering Penalties for the Gambling Industry Explore More

    News

    California’s EDD is Falling Behind in Legitimate Unemployment Claims

    According to a report by Calmatters, California’s Employment Development Department is lacking be...

    California’s EDD is Falling Behind in Legitimate Unemployment Claims Explore More

    News

    “Pension Fraud Hits £1.8 Million so far in 2021”, National Reporting Centre

    National Reporting Centre for fraud and cybercrime has reported £1.8 million has already been los...

    “Pension Fraud Hits £1.8 Million so far in 2021”, National Reporting Centre Explore More

    News

    China Announces Anti-foreign Sanctions Law

    Under the new law, China has introduced countermeasures against senior managers and actual contro...

    China Announces Anti-foreign Sanctions Law Explore More

    News

    Korea FSC Confirms Plans for Crypto-focused Bureau at KoFIU

    According to the FSC, the crypto-focused bureau will improve the transparency in virtual asset tr...

    Korea FSC Confirms Plans for Crypto-focused Bureau at KoFIU 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

    Indonesia to Pass Regulations to Control Money Laundering

    Indonesia is looking to develop a strong regulatory framework to curb money laundering and terror...

    Indonesia to Pass Regulations to Control Money Laundering Explore More

    News

    Deepfakes on TikTok raise new security concerns

    Deepfakes have started showing up on the popular video app TikTok, owned by ByteDance, a Chinese ...

    Deepfakes on TikTok raise new security concerns Explore More

    News

    Türkiye Removed From Gray List, India Recognized for Its AML Efforts, and Kuwait Urged to Have Better Money Laundering Control Measures: FATF Updates

    On Friday, an international financial watchdog committed to securing the global economic system a...

    Türkiye Removed From Gray List, India Recognized for Its AML Efforts, and Kuwait Urged to Have Better Money Laundering Control Measures: FATF Updates 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

    £78 Million Stolen in Investment Scams, Warns FCA

    FCA- Financial Conductive Authority has given out a warning as the investment scams regarding ‘cl...

    £78 Million Stolen in Investment Scams, Warns FCA Explore More

    News

    BPI Crackdowns on Money Mules to Secure Financial Institutions

    The Bank of Philippine Islands (BPI) was flagged on Wednesday as it was suspected to be involved ...

    BPI Crackdowns on Money Mules to Secure Financial Institutions Explore More

    News

    West Midlands Lose Approximately £8 Million to Employee Fraud in 2022

    Business advisors RSM UK has revealed West Midlands as a hotspot for employee fraud. The region h...

    West Midlands Lose Approximately £8 Million to Employee Fraud in 2022 Explore More

    News

    FIAU Imposes €60,000 Fine on Audit Firm for AML Failings

    €60,000 fine imposed on an audit company, for failing to report money laundering and suspected ta...

    FIAU Imposes €60,000 Fine on Audit Firm for AML Failings Explore More

    News

    Georgia’s Voting Infrastructure Becomes the First Ransomware Target in 2020 Elections

    The US voting system was under a ransomware attack earlier in October. The rumours are true and G...

    Georgia’s Voting Infrastructure Becomes the First Ransomware Target in 2020 Elections Explore More

    News

    Nearly $30 Billion Laundered Through Canada’s Real Estate – Says TIC

    A joint study by Transparency International Canada and the End Snow Washing Coalition highlighted...

    Nearly $30 Billion Laundered Through Canada’s Real Estate – Says TIC 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

    Japan Crypto Regulator States Easing of Restrictions Must Wait

    The Japanese financial regulator FSA is reluctant about easing regulatory requirements for the cr...

    Japan Crypto Regulator States Easing of Restrictions Must Wait Explore More

    News

    Satabank Penalized with €851,000 for Non-Compliance

    Financial Intelligence Analysis Unit (FIAU) on Statabank has decided to fine the bank the sum of ...

    Satabank Penalized with €851,000 for Non-Compliance Explore More

    News

    Atomic Wallet Hack Results in $35 Million Loss as Investigation Continues

    Atomic Wallet users have reported losing millions of dollars worth of cryptocurrency. It was anno...

    Atomic Wallet Hack Results in $35 Million Loss as Investigation Continues Explore More

    News

    EU Parliament Committee Backs MiCA Deal to Effectively Manage Crypto

    The MiCA deal has been approved by the economic committee of the EU Parliament. The committee has...

    EU Parliament Committee Backs MiCA Deal to Effectively Manage Crypto Explore More

    News

    Cambodian Minister of Justice Addresses AML Action Plan to Escape FATF’s Gray List

    The Minister of Justice Koeut Rith has advised all financial institutions to continue their coope...

    Cambodian Minister of Justice Addresses AML  Action Plan to Escape FATF’s Gray List Explore More

    News

    AGA Issues Updated AML Compliance Guidelines for the Gaming Industry

    American Gaming Association (AGA) launches the third edition of the Best Practices of AML Complia...

    AGA Issues Updated AML Compliance Guidelines for the Gaming Industry Explore More

    News

    Japan to Enforce Strict Anti-Money Laundering Laws on Cryptocurrency

    A stringent set of anti-money laundering measures will be implemented in Japan starting June 1st,...

    Japan to Enforce Strict Anti-Money Laundering Laws on Cryptocurrency Explore More

    News

    Phase One of the Crypto Regulatory Framework in Switzerland Begins

    As of today, phase one of the regulatory framework regarding the cryptocurrency and blockchain in...

    Phase One of the Crypto Regulatory Framework in Switzerland Begins 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

    UK to End “Golden Visa” Regime to Tackle Money Laundering

    The UK is looking to scrap its so-called “Golden Visa” regime in a short period as Russian action...

    UK to End “Golden Visa” Regime to Tackle Money Laundering Explore More

    News

    Australian Bank, Westpac, Accused of 23 Million Money Laundering Breaches

    Australia’s financial intelligence agency, The Australian Transaction Reports and Analysis Centre...

    Australian Bank, Westpac, Accused of 23 Million Money Laundering Breaches Explore More

    News

    Hong Kong Custom Busts Money Laundering Ring Accused of Smuggling HK$170M

    Investigators suspect that the criminal gang laundered part of the cash through casinos in Macau....

    Hong Kong Custom Busts Money Laundering Ring Accused of Smuggling HK$170M Explore More

    News

    Dubai Sets up Special Court to Tackle Money Laundering

    The new court of law has been established to combat money laundering and related financial crimes...

    Dubai Sets up Special Court to Tackle Money Laundering Explore More

    News

    Binance’s Regulatory Setback in Singapore Shifts Attention to Middle East

    Binance, the world’s largest cryptocurrency exchange, withdrew its application for licence in Sin...

    Binance’s Regulatory Setback in Singapore Shifts Attention to Middle East 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