The Top 10  Most Difficult Countries for Identity Verification

The Top 10  Most Difficult Countries for Identity Verification

Download Report

Transparency International Declares South Sudan Second Most Corrupt Country

transparency

In the East African region, South Sudan has been ranked as the most corrupt country in the world. A 2020 report by Transparency International has declared South Sudan to be the second most corrupt country in the world after Syria. 

CPI (The Corruption Perception Index), has ranked 180 countries by the level of corruption. This is done through 13 expert assessments and many surveys from various businesses. It uses the scale from 0-100, 50 showing the serious levels of corruption.

This is the second time the country is being named as the most corrupt country in East Africa by Transparency International. 

A report regarding the corruption in South Sudan states that, “Since independence, President Salva Kiir’s country has taken steps to promote transparency and accountability in its fight against corruption, but that a lack of capacity, resources and political will often hamper effective implementation.”

Previously, a report by the Sentry, an investigation and policy team linked to dirty money in  Africa, has been published that accused the local and foreign companies of taking advantage of the country’s conflicts. Seven of the family members of President Kiir have also been accused of taking part in corruption. 

A report by the United Nation Commission on Human Rights has also accused politicians and government officials to take part in money laundering activities. The Sentry also states that leaders in Sudan are involved in the grand level of money laundering and corruption networks linked to the United Kingdom. $36 million in total has been embezzled by the higher-level government officials. 

The United Nation carried out a development programme in sub-Saharan Africa, and its Global Multidimensional Poverty Index showed that there is massive inequality in South Sudan. The range is 6.3% in South Africa where it is 91.9% in South Sudan. 

Related Posts

News

Singapore Passes Stringent Regulations to Clamp Down on Money Mules

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

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

News

Google launches a new website to educate people about online scams

Hackers are more active during the COVID-19 outbreak than normal routine, considering which Googl...

Google launches a new website to educate people about online scams Explore More

News

National Treasury of Kenya Urges Companies to Hire Anti-Money Laundering Officers

Kenya’s National Treasury Department forced financial and specified non-financial institutes to o...

National Treasury of Kenya Urges Companies to Hire Anti-Money Laundering Officers Explore More

News

Ransomware attack targets Victoria Beckham’s personal data

Maze, the Ransomware gang strikes again. It seems that the victim this time is a US-based indepen...

Ransomware attack targets Victoria Beckham’s personal data Explore More

News

Brace for Home Visits, FCA Warns Remote Traders and Bankers

UK’s Financial Conduct Authority has issued a warning for all hybrid-working financial institutio...

Brace for Home Visits, FCA Warns Remote Traders and Bankers Explore More

News

UK Parliament Legislates New Digital Identity Verification Services Bill

On Wednesday, in the King’s Speech, the UK government presented a new Digital Identity Verificati...

UK Parliament Legislates New Digital Identity Verification Services Bill Explore More

News

Anti-Money Laundering Initiative in Ireland Extended to Bitcoin

Cryptocurrency buyers and sellers in Ireland, under the new anti-money laundering regime, will no...

Anti-Money Laundering Initiative in Ireland Extended to Bitcoin Explore More

News

FCA Fines TJM Partnership Limited £2 Million for Money Laundering

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

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

News

Gaming & Investment Firms in Malta Penalised with €4.6M for AML Failures

The financial intelligence Analysis Unit has issued an annual report that shows that the total fi...

Gaming & Investment Firms in Malta Penalised with €4.6M for AML Failures 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

G20 Summit Agrees to Establish a Unified Global Crypto Framework to Prevent Digital Money Laundering

The G20 Summit signed to establish a global unified regulations framework to regulate digital tra...

G20 Summit Agrees to Establish a Unified Global Crypto Framework to Prevent Digital Money Laundering Explore More

News

Thai Police Bust $27M Crypto Scam and Seize Multiple Luxury Properties

In a recent operation, Thai authorities uncovered a $27m crypto scam targeting local investors an...

Thai Police Bust $27M Crypto Scam and Seize Multiple Luxury Properties Explore More

News

$8M seized, Four Arrested for Money Laundering Activities Across Sydney

The Sydney law enforcement authorities seized more than $8 million in cash and arrested four crim...

$8M seized, Four Arrested for Money Laundering Activities Across Sydney Explore More

News

European Union to Propose Amendments in AML Package for Corporate Transparency

The European Parliament has proposed a series of amendments to the Anti Money Laundering (AML) pa...

European Union to Propose Amendments in AML Package for Corporate Transparency Explore More

News

UAE Banks Asked to Strengthen their AML/CFT Measures

UAE financial institutions and the banks are required to prioritize eliminating money laundering ...

UAE Banks Asked to Strengthen their AML/CFT Measures Explore More

News

Swiss Watchdog FINMA Mandates AML Policies on Crypto

The new legislation is trying to combat money-laundering following a series of major scandals in ...

Swiss Watchdog FINMA Mandates AML Policies on Crypto Explore More

News

US Authorities Government Announce Limitations to Crypto Industry to Combat Money Laundering

The US officials stated they will limit cryptocurrency firms’ operation in the country if t...

US Authorities Government Announce Limitations to Crypto Industry to Combat Money Laundering Explore More

News

Blue Star Planet to Pay £620,000 for AML Failures Uncovered by Gambling Commission

Blue Star Planet which was trading as 10Bet to pay £620,000 ($746,716) after it was found guilty ...

Blue Star Planet to Pay £620,000 for AML Failures Uncovered by Gambling Commission Explore More

News

US Authorities Accuse Russian Oligarch of Money Laundering and Bank Fraud

US authorities have accused Russian oligarch Viktor Vekselberg of conspiring to launder money and...

US Authorities Accuse Russian Oligarch of Money Laundering and Bank Fraud Explore More

News

Bank of England fines Citigroup £44m Over Poor Financial Information

The Bank of England has fined the UK branch of the US bank, Citigroup, a record £44m because the ...

Bank of England fines Citigroup £44m Over Poor Financial Information Explore More

News

France to Test Digital Currency in the First Quarter of 2020

The digital currency race is building up and every country wants to take part in it. Now, Banque ...

France to Test Digital Currency in the First Quarter of 2020 Explore More

News

Large Korean bank to pay a huge fine for violating AML law

NEW YORK, April 20 (Reuters) – Industrial Bank of Korea 024110.KS, one of South Korea’...

Large Korean bank to pay a huge fine for violating AML law 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

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

AMLC Continues to Address AML Deficiencies as per FATF Guidelines

The AMLC has reported continued efforts to address the deficiencies specified by the FATF to tack...

AMLC Continues to Address AML Deficiencies as per FATF Guidelines Explore More

News

Turkey’s Regulatory Authorities Oblige Rigid Crypto Licensing Measures

Turkey’s Regulatory Authorities stated they will develop rigid regulations for crypto service pla...

Turkey’s Regulatory Authorities Oblige Rigid Crypto Licensing Measures Explore More

News

Online fraudsters steal £17m over COVID-19 lockdown

About £17 million have been lost due to online fraud over the Coronavirus lockdown period with yo...

Online fraudsters steal £17m over COVID-19 lockdown Explore More

News

US Regulators Worried about the Rise in Synthetic Identity Fraud

Synthetic identity fraud, a financial crime in the USA, is on the rise. This has concerned the Un...

US Regulators Worried about the Rise in Synthetic Identity Fraud 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

NYDFS States Signature Bank’s Closure Was Not Linked to Crypto

According to the head of NYDFS, the decision to close Signature Bank last month had nothing to do...

NYDFS States Signature Bank’s Closure Was Not Linked to Crypto 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

Panama’s Supreme Court to Declare Cryptocurrency Legislation

Panama’s Supreme court to decide whether to modify the “crypto bill” or approve it without amendm...

Panama’s Supreme Court to Declare Cryptocurrency Legislation Explore More

News

MP Calls in For UK’s Defences in Opposition to “Dirty Money” Overrun

The cross-party group of MP declares UK defences in becoming the “jurisdiction of choice for dirt...

MP Calls in For UK’s Defences in Opposition to “Dirty Money” Overrun 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

UK Banks and Tech Firms Call on Regulators for Guidance on Tackling Scams

Banks, tech, and telecom firms in Britain have called on lawmakers and regulators to make it easy...

UK Banks and Tech Firms Call on Regulators for Guidance on Tackling Scams Explore More

News

California to Legislate Stronger Children’s Online Safety Bill

Assembly Bill 2273 for children’s online safety and privacy was approved by lawmakers in Ca...

California to Legislate Stronger Children’s Online Safety Bill Explore More

News

Shufti Unveils New Product NFC Verification for NFC Based Identity Verification

Shufti has launched a new product, NFC Verification, that uses Near Field Communication techn...

Shufti Unveils New Product NFC Verification for NFC Based Identity Verification Explore More

News

Singapore Scammers Launder Money Through Online Gambling

Singapore police seized US $736 million worth of cryptocurrencies and virtual assets from money l...

Singapore Scammers Launder Money Through Online Gambling Explore More

News

1.6M Unemployment Claim Filers Exposed Due to Data Breach

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

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

News

The US and UK Strengthen Ties Regarding Crypto Regulations, Says British Regulator

The Top British regulator FCA reported that the US and UK are strengthening ties on crypto regula...

The US and UK Strengthen Ties Regarding Crypto Regulations, Says British Regulator Explore More

News

Over Dh3 billion Confiscated from Firms violating AML Laws in UAE

The UAE has plans to take a strict stance on firms operating in the region over money laundering ...

Over Dh3 billion Confiscated from Firms violating AML Laws in UAE Explore More

News

Customers warned of scams by the UK banking lobby amid COVID-19

Banking customers should be aware of fraudsters who are exploiting the COVID-19 epidemic to carry...

Customers warned of scams by the UK banking lobby amid COVID-19 Explore More

News

HKMA Fines Cathay United Bank’s Hong Kong Branch with HK$11m

HKMA investigated CUBHK for violating the Anti-Money Laundering and Counter-Terrorist Financing O...

HKMA Fines Cathay United Bank’s Hong Kong Branch with HK$11m Explore More

News

EU Lawmakers Propose New Bill to Combat Money Laundering through NFTs

Members of the European Parliament have proposed a new bill to increase scrutiny of the NFT and D...

EU Lawmakers Propose New Bill to Combat Money Laundering through NFTs Explore More

News

DFSA and Financial Intelligence Collaborate to Combat Financial Crime in UAE

Memorandum of Understanding (MoU) between the Dubai Financial Services Authority (DFSA) and the F...

DFSA and Financial Intelligence Collaborate to Combat Financial Crime in UAE Explore More

News

Netflix ‘Update your payment” phishing scam is bypassing email spam filters

Phishing scams are taking a new turn as more and more people are using streaming services during ...

Netflix ‘Update your payment” phishing scam is bypassing email spam filters Explore More

News

Scammers and Hackers Use Cloud Mining to Launder Cryptocurrencies

According to new research, the use of cloud mining methods to conceal crypto funds has intensifie...

Scammers and Hackers Use Cloud Mining to Launder Cryptocurrencies Explore More

News

UK Launches New Crypto Asset Promotion Rules

The UK’s latest obligations on the promotions of the crypto service providers came into force thi...

UK Launches New Crypto Asset Promotion Rules 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

11 Arrested for the First Money Laundering Case Using Digital Yuan

Chinese security officials have arrested 11 suspects in the first Central Bank Digital Currency (...

11 Arrested for the First Money Laundering Case Using Digital Yuan Explore More

News

NFIU Increases Efforts to Remove Nigeria from FATF Gray List

The Nigerian Financial Intelligence Unit (NFIU) has stated that it is working towards removing th...

NFIU Increases Efforts to Remove Nigeria from FATF Gray List 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

News

Australian Regulators Oblige Businesses to Report Suspicious Transactions

The Australian regulatory authorities ordered digital businesses to report cyberattacks and suspi...

Australian Regulators Oblige Businesses to Report Suspicious Transactions Explore More

News

More Crypto Regulations on Their Way, Says Head of Turkish Central Bank

A  few days ago, the Turkish Central Bank imposed a complete ban on cryptocurrency payments. Now,...

More Crypto Regulations on Their Way, Says Head of Turkish Central Bank Explore More

News

FBI Warns About the Emerging Fraud Related to COVID-19 Vaccine

The Office of Inspector General, U.S Department of Health and Human Services, FBI, and Centers fo...

FBI Warns About the Emerging Fraud Related to COVID-19 Vaccine 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

CBR to Restrict Crypto-Related Transactions to Prevent Financial Crime

The Central Bank of Russia is limiting ways for cryptocurrency investments including blocking pay...

CBR to Restrict Crypto-Related Transactions to Prevent Financial Crime Explore More

News

Manitoba Expands Criminal Property Forfeiture Branch to Counter Money Laundering

The Manitoba government is expanding the Criminal Property Forfeiture (CPF) branch as part of its...

Manitoba Expands Criminal Property Forfeiture Branch to Counter Money Laundering Explore More

News

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

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

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

News

Medical Testing Postpones Money Launderer’s Sentencing

The conviction of Mark Scott, a licensed advocate involved in laundering $400 million for the unp...

Medical Testing Postpones Money Launderer’s Sentencing Explore More

News

Australians Lost a Record Amount of Over $3 Billion to Scams in 2022

The Australian Competition and Consumer Commission (ACCC) revealed that Aussies lost more than $3...

Australians Lost a Record Amount of Over $3 Billion to Scams in 2022 Explore More

News

Irish Police warns about the latest internet fraud

The local Irish police (Gardai) is persuading people not to fall prey to the recent online bankin...

Irish Police warns about the latest internet fraud 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

SEC Updates Regulatory Disclosures for Chinese Issuers Amid Crackdown

Chinese businesses, as per a ruling by the SEC, are directed to present additional disclosures re...

SEC Updates Regulatory Disclosures for Chinese Issuers Amid Crackdown Explore More

News

Philippines’ Anti-Money Laundering Counsel Increases AML Measures for Casino Junkets

The Philippines’ Anti-Money Laundering Counsel (AMLC) has stated that it is currently impro...

Philippines’ Anti-Money Laundering Counsel Increases AML Measures for Casino Junkets Explore More

News

Homeland Security Takes Back Its Plans of Facial Recognition for US Citizens

The Department of Homeland Security (DHS) is taking back its decision to implement a policy that ...

Homeland Security Takes Back Its Plans of Facial Recognition for US Citizens Explore More

News

South Africa links fintech startups with financial regulators

South Africa’s financial regulators have initiated the Inter-governmental Fintech Working Group (...

South Africa links fintech startups with financial regulators Explore More

News

Non-compliant Crypto Accounts will Face Immediate Closure from Banks – Says CBN

Nigerian banks are ordered to track and freeze non-compliant crypto accounts, while banks that fa...

Non-compliant Crypto Accounts will Face Immediate Closure from Banks – Says CBN Explore More

News

ID Theft to Drive Majority of the Online Payment Frauds in 2021

Online payment fraud losses will exceed $206 billion over the next few years and the majority of ...

ID Theft to Drive Majority of the Online Payment Frauds in 2021 Explore More

News

Taiwan Finalise New Regulations for Offshore Crypto Exchanges

Taiwan is set to disclose new obligations for offshore crypto exchange companies, with rigid Anti...

Taiwan Finalise New Regulations for Offshore Crypto Exchanges Explore More

News

London’s Mayor Assures of the Strong Regulations Despite Brexit

Bankers in the UK are looking towards the leniency in regulations and tax cuts due to Brexit. How...

London’s Mayor Assures of the Strong Regulations Despite Brexit Explore More

News

FATF meeting scheduled to discuss VASPs compliance

The Financial Action Task Force (FATF) has scheduled a plenary meeting on June 24 to monitor the ...

FATF meeting scheduled to discuss VASPs compliance 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