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

    The Netherlands To House an EU-based Anti-Money Laundering Agency in the Hague

    n-img-the-eu

    The Netherlands is aiming to create a new anti-money laundering agency with the principles of the European Union in the Hague as a measure against illicit activities and compliance with international regulations.

    The Hague is looking to accommodate another new anti-money laundering agency with all the laws and guidelines of the European Union. The new AMLA (Anti-Money Laundering Authority) aims to battle crimes, specifically money laundering and terrorist financing from various organizations. The initiation of the office can also generate a healthy income for the city with an estimated amount of ​​25 – 30 million euros per year, according to the Omroep West.

    The exact date of initiation of the agency is not specified yet, but it is predicted to be performing in 2023 with fully operational procedures by 2026 that will be able to accommodate between 200 to 600 entities. The official location of the agency’s headquarters is also not yet recognized, also no European country has been formally applied for the purpose up till now. But the cabinet of the Netherlands favors the royal capital of the country, The Hague to house the new Anti-money Laundering agency. 

    According to the statement from the Hague city council, as per news from Omroep West, the Hague is working on creating a strong status internationally to work in regulating laws. He stated: “In order to remain relevant as a beacon of peace and justice in the future, The Hague is actively working on deepening, broadening, and renewing this profile. This is done, among other things, by attracting new organizations that suit the city,”.

    Regarding the sustainability and economic growth of the city, The municipal executive of the Hague also believes that the European organizations can assist in providing opportunities to the students in the town such as internships and other employment. On the housing of the new employees, the city council suggested the settlement in the surrounding areas.

    The report from the Omroep West also mentioned that Germany, France, Austria, and Italy can also apply to host the new agency. The decision is completely in hands of the European Commission.

    Suggested Read: Businesses At Risk Due To 6AMLD By The European Union

    Related Posts

    News

    MAS Ramps Up Efforts Against Financial Crimes With the Help of Data Analytics

    Singapore’s central bank has revealed in a report on Wednesday that financial criminals will be p...

    MAS Ramps Up Efforts Against Financial Crimes With the Help of Data Analytics 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

    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

    Nepal at Risk of ‘Graylisting’ for Allowing Money Laundering

    Nepal could be added to FATF’s greylist as the global AML watchdog has found a  number of deficie...

    Nepal at Risk of ‘Graylisting’ for Allowing Money Laundering Explore More

    News

    Brazil to Adopt Tougher Penalties to Curb Money Laundering via Digital Currencies

    The fine for digital currency money laundering in Brazil is set to be raised to two-thirds of the...

    Brazil to Adopt Tougher Penalties to Curb Money Laundering via Digital Currencies 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

    Banks warned against profiteering from UK coronavirus crisis

    British institutions, including banks, have been urged to avoid profiteering from the Coronavirus...

    Banks warned against profiteering from UK coronavirus crisis Explore More

    News

    Japanese financial watchdog frowns on gambling dapps

    Regulators in Japan may be more likely to accept new digital currencies for trading if they have ...

    Japanese financial watchdog frowns on gambling dapps Explore More

    News

    European Commission Removes Morocco From High-Risk Money Laundering Watchlist

    On Wednesday, the European Commission disclosed that Morocco was no longer listed on its high-ris...

    European Commission Removes Morocco From High-Risk Money Laundering Watchlist Explore More

    News

    ProtonMail added an encrypted calendar to its encrypted Gmail competitor

    Previous year Google faced a hefty fine of $170 million by the Federal Trade Commission following...

    ProtonMail added an encrypted calendar to its encrypted Gmail competitor Explore More

    News

    Philippine Plans to Introduce New Regulations on Beneficial Ownership

    The Securities and Exchange Commission in Philippine has laid out new regulations that require tr...

    Philippine Plans to Introduce New Regulations on Beneficial Ownership Explore More

    News

    UBS to Restrict Credit Suisse Bankers After Takeover

    The bankers of Credit Suisse (CSGN.S) will be subjected to tighter regulations introduced by UBS ...

    UBS to Restrict Credit Suisse Bankers After Takeover Explore More

    News

    Singapore and Europe Enhance AML Framework to Fight Financial Crimes Effectively

    Singapore and Europe have emerged with enhanced AML requirements for corporate services businesse...

    Singapore and Europe Enhance AML Framework to Fight Financial Crimes Effectively 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

    Transnational Organised Crime at Peak in Latin America through Cryptocurrencies

    Transnational criminal organisations that have moved billions of dollars across Latin America are...

    Transnational Organised Crime at Peak in Latin America through Cryptocurrencies Explore More

    News

    FCA Fines Santander and Metro Bank for AML Compliance Gaps

    The financial market regulator FCA has found compliance gaps in Anti Money Laundering (AML) syste...

    FCA Fines Santander and Metro Bank for AML Compliance Gaps Explore More

    News

    Central Bank of UAE Penalized Exchange House Dhs504,000 for AML/CFT Breach

    UAE’s exchange house has weak measures to fight money laundering and terrorism financing and requ...

    Central Bank of UAE Penalized Exchange House Dhs504,000 for AML/CFT Breach Explore More

    News

    New Study by NIST Reveals Biases in Facial Recognition Technology

    The National Institute of Standards and Technology (NIST) recently did a study on the effects of ...

    New Study by NIST Reveals Biases in Facial Recognition Technology 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

    Capital One Penalized $390M for ‘Willful’ Violation of the Bank Secrecy Act

    Financial Crimes Enforcement Network (FinCEN) has imposed $390 million as penalty on Capital One ...

    Capital One Penalized $390M for ‘Willful’ Violation of the Bank Secrecy Act 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

    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

    Officials Concerned about the Russian Money Laundering Done Through the UK

    The top officials in the UK have shown their concerns about the disturbing regularity of the Russ...

    Officials Concerned about the Russian Money Laundering Done Through the UK Explore More

    News

    Better Business Bureau of North America Warns of Increased Scams & Fraud

    On April 11, Marilyn Mott, director of the Better Business Bureau’s Prescott office, addressed a ...

    Better Business Bureau of North America Warns of Increased Scams & Fraud Explore More

    News

    Investment Scams Rising Through Fake Celebrity Endorsements

    Financial fraud through celebrity endorsement is becoming a primary concern as one in six firms o...

    Investment Scams Rising Through Fake Celebrity Endorsements Explore More

    News

    Fake NFT Sold for £244k from Artist “Banksy’s” Website

    A fake link directed bidders to an online auction for Banksy’s NFT, which was posted on the now-d...

    Fake NFT Sold for £244k from Artist “Banksy’s” Website Explore More

    News

    UAE and Egypt Collaborate to Fight Money Laundering and Terrorist Financing

    UAE has signed MoU with Egyptian Money Laundering and Terrorist Financing Combating Unit to stren...

    UAE and Egypt Collaborate to Fight Money Laundering and Terrorist Financing 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

    FinTech in Malaysia is Improving Due to Friendly Regulations

    Malaysia has taken a user-friendly approach to adapt to financial regulations as it is working to...

    FinTech in Malaysia is Improving Due to Friendly Regulations Explore More

    News

    Internet infrastructure industry plans on ensuring internet trust amidst COVID-19 outbreak

    As a global crisis emerges due to the Coronavirus outbreak, and global population practices socia...

    Internet infrastructure industry plans on ensuring internet trust amidst COVID-19 outbreak Explore More

    News

    FBI and the U.S. Marshals Service Warn of Prevailing Telephone Scams

    FBI and the U.S. Marshals Service have warned of prevailing telephone fraud in which callers act ...

    FBI and the U.S. Marshals Service Warn of Prevailing Telephone Scams 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

    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

    Real Estate Firm LeHomes Realty Fined $282K for AML Compliance Failure

    Real Estate Firm LeHomes Realty has been fined $282K for AML compliance failure. The brokerage co...

    Real Estate Firm LeHomes Realty Fined $282K for AML Compliance Failure Explore More

    News

    Saudi Arabia Takes New Measures to Tackle Financial Crime

    Saudi Authorities have approved a new legislative measure designed to enhance their efforts in fi...

    Saudi Arabia Takes New Measures to Tackle Financial Crime Explore More

    News

    FATF issues new guidance on Digital Identity systems

    A guidance paper has been issued by the Financial Action Task Force (FATF) to assist governments,...

    FATF issues new guidance on Digital Identity systems 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

    $9.8 Million Lost, 40 Arrested in Twitch Money Laundering Scheme

    On Tuesday, 4th January, Turkish police took 40 suspects into custody from 11 provinces for alleg...

    $9.8 Million Lost, 40 Arrested in Twitch Money Laundering Scheme Explore More

    News

    ACCC Calls for Heavy Penalties to Make Tech Giants Scam-free

    The Australian Competition and Consumer Commission (ACCC) has demanded severe penalties linked to...

    ACCC Calls for Heavy Penalties to Make Tech Giants Scam-free 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

    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

    Turkish Regulatory Authorities Launch Investigation on Social Media Influencers for Money Laundering

    Turkey’s Minister of Social and Labour Security Department stated they are conducting an in-depth...

    Turkish Regulatory Authorities Launch Investigation on Social Media Influencers for Money Laundering Explore More

    News

    Money Laundering and Drug Trafficking Account for Illicit Flow of US$ 1 Billion into Jamaica Annually

    Reports have highlighted that money laundering, drug trafficking, and cybercrimes account for the...

    Money Laundering and Drug Trafficking Account for Illicit Flow of US$ 1 Billion into Jamaica Annually Explore More

    News

    Taiwan’s Financial Authority Set to Establish Rigid Crypto Regulation

    Taiwan’s Financial Supervisory Commission (FSC) has designed regulations that protect the c...

    Taiwan’s Financial Authority Set to Establish Rigid Crypto Regulation Explore More

    News

    Guyana plans Amending Anti-Money Laundering Legislation

    The government of Guyana is looking to amend the AML/CFT legislation in the National Assembly to ...

    Guyana plans Amending Anti-Money Laundering Legislation Explore More

    News

    Ontario’s Casinos Need to Strengthen Efforts to Curb Money Laundering

    According to Auditor General Bonnie Lysyk, Ontario’s casinos need to strengthen efforts in order ...

    Ontario’s Casinos Need to Strengthen Efforts to Curb Money Laundering Explore More

    News

    NGOs Advised on Due Diligence to Tackle Terrorism Financing

    The Financial Crimes Commission’s SCUML has advised Non-Governmental Organizations (NGOs) to cond...

    NGOs Advised on Due Diligence to Tackle Terrorism Financing Explore More

    News

    UAE and UK Initiate Large-Scale Crackdowns Against Money Laundering

    The UAE has set up an AML task force that is currently pursuing hundreds of cases, and Cambridges...

    UAE and UK Initiate Large-Scale Crackdowns Against Money Laundering Explore More

    News

    UK to Regulate Stablecoins & Mint its Own NFTs to Become Global Crypto Hub

    The UK is reportedly planning to regulate stablecoins as a payment method and the Royal Mint is t...

    UK to Regulate Stablecoins & Mint its Own NFTs to Become Global Crypto Hub Explore More

    News

    Interpol Operation Intercepts Financial Cybercrime Worth $83 Million

    Due to an exponential rise in online financial crimes in the Asia Pacific region, an INTERPOL-coo...

    Interpol Operation Intercepts Financial Cybercrime Worth $83 Million Explore More

    News

    Wells Fargo Hit With $37M Fine Over Forex Fraud

    Improper financial handling, defrauding others, and taking advantage of customers has become a no...

    Wells Fargo Hit With $37M Fine Over Forex Fraud Explore More

    News

    Another COVID-related lure: Phishing Scam Targeting Email Users

    Amid the COVID-19 outbreak, email users are constantly warned against fraudulent emails and scams...

    Another COVID-related lure: Phishing Scam Targeting Email Users Explore More

    News

    US Banking Regulator Advises Federal Licensing Framework for Crypto Firms

    Brian Brooks, Chief Operating Officer of the U.S. Office of the Comptroller of the Currency (OCC)...

    US Banking Regulator Advises Federal Licensing Framework for Crypto Firms Explore More

    News

    Leading Japanese Crypto Exchange Loses $100 Million to Hackers

    Liquid Global, a leading cryptocurrency exchange in Japan was hit by a hacking attack and the exc...

    Leading Japanese Crypto Exchange Loses $100 Million to Hackers Explore More

    News

    Cyber Attacks are More Frequent During the Holiday Season: CISA

    The holiday season is always accompanied by deals, discounts, special offers and countless shoppi...

    Cyber Attacks are More Frequent During the Holiday Season: CISA Explore More

    News

    US Crypto Firms Reluctant Towards New KYC/AML Proposal by FinCEN

    The US crypto firm, Coinbase, sent a letter to FinCEN with a clear message, “There is no emergenc...

    US Crypto Firms Reluctant Towards New KYC/AML Proposal by FinCEN Explore More

    News

    South Korea to Penalize the Non-Compliant Crypto Companies

    Financial watchdogs in South Korea have announced regulations to prevent financial crimes in the ...

    South Korea to Penalize the Non-Compliant Crypto Companies Explore More

    News

    Video KYC: The New Normal in the Insurance Industry

    Since everything is moving to digital platforms, the Insurance Regulatory and Development Authori...

    Video KYC: The New Normal in the Insurance Industry Explore More

    News

    U.S. Treasury Identifies Emerging Money Laundering Risks and Vulnerabilities

    The US Department of the Treasury recently issued its National Risk Assessment for Money Launderi...

    U.S. Treasury Identifies Emerging Money Laundering Risks and Vulnerabilities Explore More

    News

    Turkey to Ban Cryptocurrency Payments to Avoid Financial Crime

    The Central Bank of Turkey is to ban the use of cryptocurrency payments by 30th April. This initi...

    Turkey to Ban Cryptocurrency Payments to Avoid Financial Crime Explore More

    News

    Croatian Finance Ministry Proposes New Bill to Combat Money Laundering

    The Croatian Finance Ministry has introduced a new bill for state institutions to monitor the ban...

    Croatian Finance Ministry Proposes New Bill to Combat Money Laundering Explore More

    News

    EU Lawmakers to Decide Ban on Large Crypto Transfers from Self-Hosted Wallets

    European Union lawmakers will vote on limiting crypto transfers from self-hosted wallets on March...

    EU Lawmakers to Decide Ban on Large Crypto Transfers from Self-Hosted Wallets Explore More

    News

    Over £1 Million Lost to Covid Business Support Fraud in Leeds

    Leeds City Council papers have shown 74 cases of Covid business support fraud where more than £1 ...

    Over £1 Million Lost to Covid Business Support Fraud in Leeds 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

    $9.8 Million Lost, 40 Arrested in Twitch Money Laundering Scheme

    On Tuesday, 4th January, Turkish police took 40 suspects into custody from 11 provinces for alleg...

    $9.8 Million Lost, 40 Arrested in Twitch Money Laundering Scheme 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

    Taiwan FSC Fines Taishin Int’l Bank For Inadequate Internal Controls

    Taishin Commercial Bank of Taiwan penalised for defrauding NT $347 million from customers and fai...

    Taiwan FSC Fines Taishin Int’l Bank For Inadequate Internal Controls Explore More

    News

    Compliance Institute of Nigeria (CIN) to Up its Game in Addressing AML/CTF Gaps

    With threats of financial fraud emerging across the globe, the Compliance Institute of Nigeria (C...

    Compliance Institute of Nigeria (CIN) to Up its Game in Addressing AML/CTF Gaps Explore More

    News

    US Courtrooms Ponder Over the Photo ID Requirement for Voters

    The US courtrooms are again facing the debate over the use of photo identification for voters. A ...

    US Courtrooms Ponder Over the Photo ID Requirement for Voters Explore More

    News

    Lawyers in Malta Lag Behind in Complying with AML Measures

    Malta obliged the various sectors to comply with risk assessment measures. According to the Finan...

    Lawyers in Malta Lag Behind in Complying with AML Measures Explore More

    News

    Louisiana Approves First Regulation Requiring Age Verification to Access Pornography Sites

    Louisiana’s House of Representatives passed the bill against age verification in the porn industr...

    Louisiana Approves First Regulation Requiring Age Verification to Access Pornography Sites Explore More

    News

    Estonian Government to Strengthen AML Framework to Lift Crypto Ban

    The Estonian Finance Ministry drafted AML amendments that will affect virtual asset service provi...

    Estonian Government to Strengthen AML Framework to Lift Crypto Ban 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