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

    Swedish Biggest Bank Hosts Active Account for PKK Terrorist Group

    n-img-swedish

    According to a local media source, the most prominent Swedish bank, SEB (Skandinaviska Enskilda Banken) hosts an active profile for the PKK terrorist group, despite the emphasis on creating terrorist-free Swedish soil. 

    Outline outlet Fria Tider has reported that pieces of cloth symbolising the PKK were sold, and the revenues were deposited directly into the SEB accounts. It added that money was moved to the PKK, a terrorist group that kills thousands of people in severe attacks on security forces in Turkiye, Northern Syria and regions of Iraq.

    The report was emphasised in Sweden on Jan 1 and the new governance is being prompted to keep its commitments under the directive signed in June 2022, desiring down on terrorists as a requirement for attaining NATO membership.

    SEB spokesperson Niklas Magnusson said in a Jan. 5 statement, “The bank complies with legislation and is against illegal trade, which constitutes a crime.”

    But the forum showed that the terrorist group’s profile at the bank and a cellphone number are both still functional. 

    Pointing out that SEB has issued numerous statements over “financing terrorism and money laundering,” Fria Tider conveyed the bank’s negligence to shut the accounts of the terrorist bodies as “hypocrisy.”

    The PKK is described as a terrorist group by different authorities such as Turkiye, the EU (European Union) and the US. It is accountable for the casualties of 40,000 individuals, including children, women, and even infants, in its 40-year movement.

    According to Europol’s “EU Terrorism Situation & Trend Report 2022,” the PKK continues to “use Europe for fundraising by legal and illegal means,” which contain “fundraising campaigns and donations, as well as extortion and other organised criminal activities.”

    Drug trafficking in the EU is one of the primary criminal actions used for forging funds for terrorists, where members & supporters undergo illicit trading while channelling funds for their subversive acts in Syria and Turkey.

    Suggested Read:

    Swedish Gaming Authority Fines Kindred, ATG, and PinBet for AML Failures

    Swedish Bank SEB Accused of Money Laundering

    Related Posts

    News

    FBI Reveals North Korea’s Lazarus Group Involvement in $41 Million Stake Hack

    US Federal Bureau Investigation (FBI) has revealed that the North Korean hacking group, Lazarus, ...

    FBI Reveals North Korea’s Lazarus Group Involvement in $41 Million Stake Hack Explore More

    News

    FIU to Audit Crypto Exchanges, Aiming to Reduce Money Laundering

    Financial Intelligence Unit under Financial Services Commission to audit Korea’s cryptocurrency e...

    FIU to  Audit Crypto Exchanges, Aiming to Reduce Money Laundering Explore More

    News

    Ransomware Targets Outdated Microsoft Excel Macros to Deploy Attacks

    Microsoft Security Intelligence notified users of a type of ransomware, called Avaddon, that uses...

    Ransomware Targets Outdated Microsoft Excel Macros to Deploy Attacks Explore More

    News

    Paraguay- Brazilian Bank Fined Heavily for Anti-money Laundering Non-compliance.

    A major Brazilian Bank in Paraguayan has been sanctioned by the Paraguayan government. Latin Amer...

    Paraguay- Brazilian Bank Fined Heavily for Anti-money Laundering Non-compliance. Explore More

    News

    FinCEN Shutting the Channels of Financial Crimes Directed through Shell Companies

    A major path of money laundering and tax evasion has been shut off by FinCEN with their new regul...

    FinCEN Shutting the Channels of Financial Crimes Directed through Shell Companies Explore More

    News

    GFI Study Reveals Weak AML/CFT Measures in Latin America and the Caribbean

    The latest study by Global Financial Integrity (GFI) revealed that the Caribbean and Latin Americ...

    GFI Study Reveals Weak AML/CFT Measures in Latin America and the Caribbean 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

    Europol & Budapest Police Arrest Criminal Group for Laundering EUR 44 Million

    The Budapest Metropolitan Police along with Europol have arrested a criminal group involved in mo...

    Europol & Budapest Police Arrest Criminal Group for Laundering EUR 44 Million Explore More

    News

    Crypto Mixers, Helix and Coin Ninja, Fined by FinCEN for Bank Secrecy Act Violation

    Larry Dean Harmon, founder of Helix and Coin Ninja, has been fined $60 million for being involved...

    Crypto Mixers, Helix and Coin Ninja, Fined by FinCEN for Bank Secrecy Act Violation Explore More

    News

    Central Bank of Nigeria Speaks About the Terrorism Fuelled by Cryptocurrency

    The Central Bank of Nigeria, comments on why it does not favour the means of digital currency and...

    Central Bank of Nigeria Speaks About the Terrorism Fuelled by Cryptocurrency Explore More

    News

    Finance Minister Şimşek States Turkey will Devote Itself to the Prevention of Money Laundering

    Deputy Treasury and Finance Minister Mehmet Şimşek stated that Türkiye would counter terrorist fi...

    Finance Minister Şimşek States Turkey will Devote Itself to the Prevention of Money Laundering Explore More

    News

    FATF Highlights the Gaps in New Zealand’s AML Measures

    Financial Action Task Force (FATF) has issued a report on New Zealand’s measures to combat money ...

    FATF Highlights the Gaps in New Zealand’s AML Measures Explore More

    News

    Mega Bank Fined $10 Million in Fake Mortgage Case

    Due to poor internal controls, 28 fraudulent mortgage applications went undetected.  The Financia...

    Mega Bank Fined $10 Million in Fake Mortgage Case Explore More

    News

    Australia’s Money Laundering Failures Increase Risk of Russia Sanctions

    Australia is facing embarrassment on the possibility of being placed on the FATF’s “grey list” fo...

    Australia’s Money Laundering Failures Increase Risk of Russia Sanctions Explore More

    News

    Exchanges in Nigeria to Take Measures Against Crypto Scams

    Nigerian cryptocurrency industry is to take strong measures to guarantee a safe trading environme...

    Exchanges in Nigeria to Take Measures Against Crypto Scams Explore More

    News

    Oklahoma Takes Strict Legislative Measures to Prevent Child Identity Theft

    The Senate of Oklahoma has approved a bill to take strict measures against those involved in the ...

    Oklahoma Takes Strict Legislative Measures to Prevent Child Identity Theft Explore More

    News

    Canada Financial Crimes Agency Questioned on Effectiveness of Anti-Fraud Measures

    Anti-fraud experts are reporting concerns regarding the Liberals’ newly announced Canada Financia...

    Canada Financial Crimes Agency Questioned on Effectiveness of Anti-Fraud Measures Explore More

    News

    Fraud claim filed against HSBC Bank for ‘sham’ investment scheme

    A fraud claim worth £1.3 billion has been submitted by 371 investors against HSBC UK Bank for los...

    Fraud claim filed against HSBC Bank for ‘sham’ investment scheme 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

    Ransomware attacks rise as criminals target remote working

    Ransomware attacks are getting bigger and bolder at a time where many organisations are implement...

    Ransomware attacks rise as criminals target remote working Explore More

    News

    GIABA Points Out Gaps in Nigeria’s AML/CFT Framework

    The GIABA report revealed loopholes in the Nigerian AML/CFT framework and called Nigerian law enf...

    GIABA Points Out  Gaps in Nigeria’s AML/CFT Framework 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

    Authorities Struggle in Mexico as Cartels Use Crypto for Laundering Funds

    The head of financial intelligence in Mexico has revealed that the law enforcement authorities ar...

    Authorities Struggle in Mexico as Cartels Use Crypto for Laundering Funds 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

    Crypto and Forex Scams Cost Belgian Investors $12 Million

    According to the Belgian financial watchdog, fraudsters stole approximately $12 million from the ...

    Crypto and Forex Scams Cost Belgian Investors $12 Million Explore More

    News

    Saudi Arabia Uncovers Massive Fraud worth SR11.5 Billion

    Law enforcement authorities in Saudi Arabia arrested at least 32 suspects including businessmen, ...

    Saudi Arabia Uncovers Massive Fraud worth SR11.5 Billion Explore More

    News

    Clearview AI will be facing the legal claims after critical NYT report

    Clearview AI is an artificial intelligence firm providing facial recognition technology to US law...

    Clearview AI will be facing the legal claims after critical NYT report Explore More

    News

    Singapore: MAS Preparing Data Sharing Platforms to Combat FinCrime

    The Monetary Authority of Singapore (MAS) is creating a digital platform named Cosmic that will a...

    Singapore: MAS Preparing Data Sharing Platforms to Combat FinCrime Explore More

    News

    Coinbase Attorney Urges SEC to Announce Crypto Rules

    Coinbase’s attorney forced the Securities and Exchange Commission (SEC) to announce a trans...

    Coinbase Attorney Urges SEC to Announce Crypto Rules Explore More

    News

    Seychelles Upgrade on FATF Recommendation to Strengthen Anti-Money Laundering Measures

    Seychelles has upgraded and implemented 5 FATF recommendations to strengthen anti-money launderin...

    Seychelles Upgrade on FATF Recommendation to Strengthen Anti-Money Laundering Measures Explore More

    News

    William Hill to Pay £19M for Social Responsibility and AML Failings

    The Gambling Commission has fined William Hill Group Businesses £19 million for failing to uphold...

    William Hill to Pay £19M for Social Responsibility and AML Failings Explore More

    News

    US Court Declares Bitcoin and ETH as Commodities, Dismissing Uniswap Lawsuit

    A US court dismissed the Security Exchange Commission (SEC) lawsuit against the Uniswap protocols...

    US Court Declares Bitcoin and ETH as Commodities, Dismissing Uniswap Lawsuit Explore More

    News

    Travel to Restart as Several Countries Roll out Their Version of Vaccine Passports

    Japan is planning on introducing a vaccine passport to make travelling easy for people. Internati...

    Travel to Restart as Several Countries Roll out Their Version of Vaccine Passports 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

    South African Government Passes Key AML and CFT Laws to Fight Financial Crimes

    South African government passes two significant laws to implement Anti Money Laundering and Count...

    South African Government Passes Key AML and CFT Laws to Fight Financial Crimes 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

    FINTRAC Warns of Online Gambling Platforms Being Utilized for Money Laundering

    Canada’s financial intelligence unit warns that illicit cash is being laundered through online ga...

    FINTRAC Warns of Online Gambling Platforms Being Utilized for Money Laundering 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

    Victor Fredung Warns Businesses about the Rising Cybercrimes During Halloween

    Halloween is one of the most awaited festivals throughout the year. While people plan different t...

    Victor Fredung Warns Businesses about the Rising Cybercrimes During Halloween Explore More

    News

    Optus Data Breach Leaves Millions of Australians at Risk of Identity Theft

    The APF is investigating Optus’s data breach that involves millions of customers’ per...

    Optus Data Breach Leaves Millions of Australians at Risk of Identity Theft 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

    $2 Shell company laundered hundreds of millions at Crown Casino Perth

    International organizations are believed to be using Crown Perth to launder hundreds through $2 s...

    $2 Shell company laundered hundreds of millions at Crown Casino Perth Explore More

    News

    Dubai KYC consortium to enhance UAE bank profits

    According to Moody’s Investors Service, the recently formed Know Your Customer (KYC) consortium i...

    Dubai KYC consortium to enhance UAE bank profits 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

    Brazilian Police Block Crypto Assets Due to Suspected Fraud

    Brazilian police have requested the court to block the virtual assets of suspected digital tradin...

    Brazilian Police Block Crypto Assets Due to Suspected Fraud Explore More

    News

    AUSTRAC Hits Military Bank with Enforcement Action to Ensure AML Compliance

    The financial regulator in Australia has hit the Australian Military Bank with implementation act...

    AUSTRAC Hits Military Bank with Enforcement Action to Ensure AML Compliance Explore More

    News

    Singapore Plans to Amend Laws to Arrest Money Mules Facilitating Scams

    Singapore authorities have decided to amend laws for prosecuting money mules facilitating financi...

    Singapore Plans to Amend Laws to Arrest Money Mules Facilitating Scams Explore More

    News

    WhatsApp Receives Fine Worth $267m for Breaching EU’s Data Privacy Law

    Ireland’s Data Protection Commission has stated that WhatsApp failed to inform EU citizens suffic...

    WhatsApp Receives Fine Worth $267m for Breaching EU’s Data Privacy Law Explore More

    News

    AML Council to Impose Sanctions on Property Dealers for Non-compliance

    The Philippines’s Anti-Money Laundering Council (AMLC) is all set to impose sanctions and fines o...

    AML Council to Impose Sanctions on Property Dealers for Non-compliance 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

    UK’s AML Regulations for Art Market Excludes Art Creators

    The UK to implement new Anti-Money Laundering regulation to cover the art market from 10th June 2...

    UK’s AML Regulations for Art Market Excludes Art Creators Explore More

    News

    Australian Regulators Seeking to Implement Travel Rules for Cryptocurrency

    Australia is looking at the laws that would require cryptocurrency providers to record the inform...

    Australian Regulators Seeking to Implement Travel Rules for Cryptocurrency Explore More

    News

    Money Laundering Crackdown on UK Law Firms

    The regulators at Solicitor Regulators Authority (SRA) asked 400 law firms earlier this year to p...

    Money Laundering Crackdown on UK Law Firms Explore More

    News

    Hong Kong Looking to Legitimize Crypto Trading for Retail Investors

    The government of Hong Kong has been looking at whether to legitimize crypto trading for retail i...

    Hong Kong Looking to Legitimize Crypto Trading for Retail Investors 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

    KYC Alliance between Dubai Economy and six banks

    As reported by Gulf News, Dubai Economy along with Emirates NBD, Emirates Islamic, HSBC, RAKBANK,...

    KYC Alliance between Dubai Economy and six banks Explore More

    News

    UAE’s SCA Works on Virtual Asset Investment Regulations

    The United Arab Emirates’ Securities and Commodities Authority (SCA) has said that it is ab...

    UAE’s SCA Works on Virtual Asset Investment Regulations 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

    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

    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

    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

    UK’s FCA Warns Challenger Banks Over Inadequate AML Measures

    The UK’s main financial regulator has warned challenger banks to improve measures for fighting fi...

    UK’s FCA Warns Challenger Banks Over Inadequate AML Measures Explore More

    News

    Vending machines can now be operated with Bitcoins

    Vending machines used by key Asia-Pacific soft-drink bottler and distributor Coca-Cola Amatil wil...

    Vending machines can now be operated with Bitcoins Explore More

    News

    FinCEN Extends the Comment Period of Virtual Currency Regulations

    FinCEN– Financial Crimes Enforcement has finally agreed to reopen the comment period of reg...

    FinCEN Extends the Comment Period of Virtual Currency Regulations 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

    EU Sets a New Limit on Cash Transactions to Curb Financial Crimes

    The EU countries have signed an agreement according to which the crypto-service providers must co...

    EU Sets a New Limit on Cash Transactions to Curb Financial Crimes Explore More

    News

    President Biden Takes the Reins with Halting Digital Assets’ Rule Making

    Regulatory proposal regarding digital assets has been frozen by President Joe Biden. Biden took h...

    President Biden Takes the Reins with Halting Digital Assets’ Rule Making Explore More

    News

    UKGC Imposes EUR 780K Fine on Buzz Bingo for AML Failure

    Buzz Bingo has been fined £780,000 by the UK Gambling Commission (UKGC) for social responsibility...

    UKGC Imposes EUR 780K Fine on Buzz Bingo for AML Failure Explore More

    News

    FMA Blacklists Krypto Security, Bay Exchange, and CTRL Investments Limited

    New Zealand’s FMA has warned investors against services and products being offered by unauthorize...

    FMA Blacklists Krypto Security, Bay Exchange, and CTRL Investments Limited Explore More

    News

    UK watchdogs launch ad-scam alert system to control online fraud

    The United Kingdom Advertising Standards Authority (ASA) and the Internet Advertising Office (IAB...

    UK watchdogs launch ad-scam alert system to control online fraud Explore More

    News

    Bill to Combat Money Laundering Makes Its Way Through The Senate

    The US House of Representatives passed the Corporate Transparency Act of 2019 (HR 2513) on Octobe...

    Bill to Combat Money Laundering Makes Its Way Through The Senate Explore More

    News

    Over a Million T-Mobile Customers Affected By a Data Breach

    T-mobile suffered a data breach earlier this month, the company confirmed this on their website t...

    Over a Million T-Mobile Customers Affected By a Data Breach 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