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

    +1
    • Saudi Arabia (‫المملكة العربية السعودية‬‎)+966
    • United Arab Emirates (‫الإمارات العربية المتحدة‬‎)+971
    • Qatar (‫قطر‬‎)+974
    • Oman (‫عُمان‬‎)+968
    • Bahrain (‫البحرين‬‎)+973
    • Kuwait (‫الكويت‬‎)+965
    • Morocco (‫المغرب‬‎)+212
    • Afghanistan (‫افغانستان‬‎)+93
    • Albania (Shqipëri)+355
    • Algeria (‫الجزائر‬‎)+213
    • American Samoa+1684
    • Andorra+376
    • Angola+244
    • Anguilla+1264
    • Antigua and Barbuda+1268
    • Argentina+54
    • Armenia (Հայաստան)+374
    • Aruba+297
    • Australia+61
    • Austria (Österreich)+43
    • Azerbaijan (Azərbaycan)+994
    • Bahamas+1242
    • Bahrain (‫البحرين‬‎)+973
    • Bangladesh (বাংলাদেশ)+880
    • Barbados+1246
    • Belarus (Беларусь)+375
    • Belgium (België)+32
    • Belize+501
    • Benin (Bénin)+229
    • Bermuda+1441
    • Bhutan (འབྲུག)+975
    • Bolivia+591
    • Bosnia and Herzegovina (Босна и Херцеговина)+387
    • Botswana+267
    • Brazil (Brasil)+55
    • British Indian Ocean Territory+246
    • British Virgin Islands+1284
    • Brunei+673
    • Bulgaria (България)+359
    • Burkina Faso+226
    • Burundi (Uburundi)+257
    • Cambodia (កម្ពុជា)+855
    • Cameroon (Cameroun)+237
    • Canada+1
    • Cape Verde (Kabu Verdi)+238
    • Caribbean Netherlands+599
    • Cayman Islands+1345
    • Central African Republic (République centrafricaine)+236
    • Chad (Tchad)+235
    • Chile+56
    • China (中国)+86
    • Christmas Island+61
    • Cocos (Keeling) Islands+61
    • Colombia+57
    • Comoros (‫جزر القمر‬‎)+269
    • Congo (DRC) (Jamhuri ya Kidemokrasia ya Kongo)+243
    • Congo (Republic) (Congo-Brazzaville)+242
    • Cook Islands+682
    • Costa Rica+506
    • Côte d’Ivoire+225
    • Croatia (Hrvatska)+385
    • Cuba+53
    • Curaçao+599
    • Cyprus (Κύπρος)+357
    • Czech Republic (Česká republika)+420
    • Denmark (Danmark)+45
    • Djibouti+253
    • Dominica+1767
    • Dominican Republic (República Dominicana)+1
    • Ecuador+593
    • Egypt (‫مصر‬‎)+20
    • El Salvador+503
    • Equatorial Guinea (Guinea Ecuatorial)+240
    • Eritrea+291
    • Estonia (Eesti)+372
    • Ethiopia+251
    • Falkland Islands (Islas Malvinas)+500
    • Faroe Islands (Føroyar)+298
    • Fiji+679
    • Finland (Suomi)+358
    • France+33
    • French Guiana (Guyane française)+594
    • French Polynesia (Polynésie française)+689
    • Gabon+241
    • Gambia+220
    • Georgia (საქართველო)+995
    • Germany (Deutschland)+49
    • Ghana (Gaana)+233
    • Gibraltar+350
    • Greece (Ελλάδα)+30
    • Greenland (Kalaallit Nunaat)+299
    • Grenada+1473
    • Guadeloupe+590
    • Guam+1671
    • Guatemala+502
    • Guernsey+44
    • Guinea (Guinée)+224
    • Guinea-Bissau (Guiné Bissau)+245
    • Guyana+592
    • Haiti+509
    • Honduras+504
    • Hong Kong (香港)+852
    • Hungary (Magyarország)+36
    • Iceland (Ísland)+354
    • India (भारत)+91
    • Indonesia+62
    • Iran (‫ایران‬‎)+98
    • Iraq (‫العراق‬‎)+964
    • Ireland+353
    • Isle of Man+44
    • Israel (‫ישראל‬‎)+972
    • Italy (Italia)+39
    • Jamaica+1876
    • Japan (日本)+81
    • Jersey+44
    • Jordan (‫الأردن‬‎)+962
    • Kazakhstan (Казахстан)+7
    • Kenya+254
    • Kiribati+686
    • Kosovo+383
    • Kuwait (‫الكويت‬‎)+965
    • Kyrgyzstan (Кыргызстан)+996
    • Laos (ລາວ)+856
    • Latvia (Latvija)+371
    • Lebanon (‫لبنان‬‎)+961
    • Lesotho+266
    • Liberia+231
    • Libya (‫ليبيا‬‎)+218
    • Liechtenstein+423
    • Lithuania (Lietuva)+370
    • Luxembourg+352
    • Macau (澳門)+853
    • Macedonia (FYROM) (Македонија)+389
    • Madagascar (Madagasikara)+261
    • Malawi+265
    • Malaysia+60
    • Maldives+960
    • Mali+223
    • Malta+356
    • Marshall Islands+692
    • Martinique+596
    • Mauritania (‫موريتانيا‬‎)+222
    • Mauritius (Moris)+230
    • Mayotte+262
    • Mexico (México)+52
    • Micronesia+691
    • Moldova (Republica Moldova)+373
    • Monaco+377
    • Mongolia (Монгол)+976
    • Montenegro (Crna Gora)+382
    • Montserrat+1664
    • Morocco (‫المغرب‬‎)+212
    • Mozambique (Moçambique)+258
    • Myanmar (Burma) (မြန်မာ)+95
    • Namibia (Namibië)+264
    • Nauru+674
    • Nepal (नेपाल)+977
    • Netherlands (Nederland)+31
    • New Caledonia (Nouvelle-Calédonie)+687
    • New Zealand+64
    • Nicaragua+505
    • Niger (Nijar)+227
    • Nigeria+234
    • Niue+683
    • Norfolk Island+672
    • North Korea (조선 민주주의 인민 공화국)+850
    • Northern Mariana Islands+1670
    • Norway (Norge)+47
    • Oman (‫عُمان‬‎)+968
    • Pakistan (‫پاکستان‬‎)+92
    • Palau+680
    • Palestine (‫فلسطين‬‎)+970
    • Panama (Panamá)+507
    • Papua New Guinea+675
    • Paraguay+595
    • Peru (Perú)+51
    • Philippines+63
    • Poland (Polska)+48
    • Portugal+351
    • Puerto Rico+1
    • Qatar (‫قطر‬‎)+974
    • Réunion (La Réunion)+262
    • Romania (România)+40
    • Russia (Россия)+7
    • Rwanda+250
    • Saint Barthélemy (Saint-Barthélemy)+590
    • Saint Helena+290
    • Saint Kitts and Nevis+1869
    • Saint Lucia+1758
    • Saint Martin (Saint-Martin (partie française))+590
    • Saint Pierre and Miquelon (Saint-Pierre-et-Miquelon)+508
    • Saint Vincent and the Grenadines+1784
    • Samoa+685
    • San Marino+378
    • São Tomé and Príncipe (São Tomé e Príncipe)+239
    • Saudi Arabia (‫المملكة العربية السعودية‬‎)+966
    • Senegal (Sénégal)+221
    • Serbia (Србија)+381
    • Seychelles+248
    • Sierra Leone+232
    • Singapore+65
    • Sint Maarten+1721
    • Slovakia (Slovensko)+421
    • Slovenia (Slovenija)+386
    • Solomon Islands+677
    • Somalia (Soomaaliya)+252
    • South Africa+27
    • South Korea (대한민국)+82
    • South Sudan (‫جنوب السودان‬‎)+211
    • Spain (España)+34
    • Sri Lanka (ශ්‍රී ලංකාව)+94
    • Sudan (‫السودان‬‎)+249
    • Suriname+597
    • Svalbard and Jan Mayen+47
    • Swaziland+268
    • Sweden (Sverige)+46
    • Switzerland (Schweiz)+41
    • Syria (‫سوريا‬‎)+963
    • Taiwan (台灣)+886
    • Tajikistan+992
    • Tanzania+255
    • Thailand (ไทย)+66
    • Timor-Leste+670
    • Togo+228
    • Tokelau+690
    • Tonga+676
    • Trinidad and Tobago+1868
    • Tunisia (‫تونس‬‎)+216
    • Turkey (Türkiye)+90
    • Turkmenistan+993
    • Turks and Caicos Islands+1649
    • Tuvalu+688
    • U.S. Virgin Islands+1340
    • Uganda+256
    • Ukraine (Україна)+380
    • United Arab Emirates (‫الإمارات العربية المتحدة‬‎)+971
    • United Kingdom+44
    • United States+1
    • Uruguay+598
    • Uzbekistan (Oʻzbekiston)+998
    • Vanuatu+678
    • Vatican City (Città del Vaticano)+39
    • Venezuela+58
    • Vietnam (Việt Nam)+84
    • Wallis and Futuna+681
    • Western Sahara (‫الصحراء الغربية‬‎)+212
    • Yemen (‫اليمن‬‎)+967
    • Zambia+260
    • Zimbabwe+263
    • Åland Islands+358
    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

    UAE Confiscates Assets Worth $354 Million to Crack Down on Money Laundering

    n-img-uae

    UAE stepped up and seized $354 million worth of assets from March to mid-July 2023 in the fight against money laundering and terrorist financing. 

    The United Arab Emirates (UAE) has shown great progress in its fight against money laundering and terrorist financing activities. According to a senior official, they seized $354m worth of assets from March to mid-July 2023, and regulatory authorities have also issued a fine totalling $5.4m in the first-half of the year, which is higher than the combined 2022, 2021, and 2019. 

    The director general of the UAE’s Executive Office of Anti-Money Laundering and Counter-Terrorism Financing (NAMLCFTC), Hamid-Al-Zabbi, stated, “The UAE has completed a comprehensive review of AML/CFT [Anti-money laundering/Countering the financing of terrorism] progress made in the first half of 2023 which shows significant improvement across the board.” He also emphasised that UAE authorities are preventing illicit transactions and it is a “high priority” for the authorities to prevent and confiscate criminals money from entering the financial system again to damage the integrity of UAE economic ecosystem.  

    The UAE has made significant progress in the past years against money laundering and terrorist financing by issuing millions of fines to various illegal businesses and individuals for not complying with the Anti-Money Laundering (AML) and other regulations. The Arab has become the second-largest economy in the world, passing strict AML/CFT laws to defend its financial system; they also obligated several strict rules to crack down on crimes related to money laundering. 

    To successfully combat financial crimes, the UAE prioritised large-scale, complicated money laundering cases for investigations and prosecutions between March and mid-July 2023. The appropriate inquiry and criminal prosecution bodies nationwide launched 183 new money laundering cases during this time. To ensure that the National Action Plan and the National AML/CFT strategy are being implemented in the UAE, the Executive Office was established in February 2021. Hamid-Al-Zabi addressed in an interview that the Executive Office, which works as a national policy and coordination body for AML/CFT initiatives, has a broad remit to guarantee that the UAE has a robust and sustainable system and is now in coordination with more than 80 government bodies and law enforcement agencies in the nation. 

    The Director General also stated, “The UAE will continue to build its long-term, sustainable AML/CFT capabilities to detect, investigate and understand the money laundering and terrorist financing and will continue to broaden its international cooperation.” 

    Suggested Reads:

    UAE REGULATORY AUTHORITY ENFORCES IMPORT INVOICE VERIFICATION TO FIGHT TRADE-BASED MONEY LAUNDERING

    UAE ESTABLISHES NEW FEDERAL AUTHORITY FOR “COMMERCIAL GAMING” TO CONTROL CASINO GIANTS

    UAE RECEIVES OBSERVER STATUS AT APG FOR MONEY LAUNDERING

    Disclaimer: The views and opinions expressed on this webpage or weblink are those of the author only, and are not necessarily the views or opinions of Shufti Limited. The material and information on this weblink is solely for general information purposes. You should not rely upon the material or information on the website as a basis for making any business or legal decision.

    While we endeavor to keep the information up-to-date and/or correct, we make no representations or warranties of any kind, express or implied, or for any purpose about the completeness, accuracy, reliability, suitability, or availability of the contents or information herein. Any reliance on its content is thus entirely at your own risk.

    For the avoidance of doubt, Shufti Limited will not be liable for any false, inaccurate, inappropriate, or incomplete information presented herein, and all liabilities with respect to actions taken, or not taken, based on the contents or information herein, or for any loss sustained by you as a consequence are hereby expressly disclaimed by us.

    Related Posts

    News

    Banks in the UK Face Customer Frustration for Digital Identity Checks

    The global analytics software service provider FICO has reported that the banks in the United Kin...

    Banks in the UK Face Customer Frustration for Digital Identity Checks Explore More

    News

    Cyprus Makes Strides in Restoring its Reputation by Dealing with AML Concerns

    According to the US Ambassador to Cyprus Judith Garber, Cyprus has shown progress in dealing with...

    Cyprus Makes Strides in Restoring its Reputation by Dealing with AML Concerns Explore More

    News

    Alfa-Bank to Offer Blockchain-Based Services for the Self-Employed People and Freelancers

    Alfa-Bank is one of the largest private commercial banks in Russia which is exploring blockchain-...

    Alfa-Bank to Offer Blockchain-Based Services for the Self-Employed People and Freelancers Explore More

    News

    Isle of Man Urged to Take Further Steps to Counter Money Laundering

    The Council of Europe’s anti-money laundering committee has again called for an extension in the ...

    Isle of Man Urged to Take Further Steps to Counter Money Laundering Explore More

    News

    Westpac CEO Brian Hertzer Resigns Amid Money-Laundering Scandal

    The chief executive of Westpac Banking Corporation, Brian Hartzer, has resigned and the chairman ...

    Westpac CEO Brian Hertzer Resigns Amid Money-Laundering Scandal Explore More

    News

    FinCEN Highlights That AML/CFT Regulation Requires Transformation to Fight Modern Crimes

    The acting director of FinCEN has highlighted the fact that the existing AML/CFT regulatory frame...

    FinCEN Highlights That AML/CFT Regulation Requires Transformation to Fight Modern Crimes Explore More

    News

    Singapore Government Discloses Modified Regulatory Measures for Stablecoins

    Singapore’s Central Bank has disclosed upgraded regulatory guidelines for stablecoins to keep cry...

    Singapore Government Discloses Modified Regulatory Measures for Stablecoins 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

    US Treasury Department Discloses Latest Beneficial Ownership Information (BOI) Guide

    The Money Laundering Bureau of the US Treasury Department issued the latest guide to assist small...

    US Treasury Department Discloses Latest Beneficial Ownership Information (BOI) Guide Explore More

    News

    FATF Examines Technology use in Making AML/CFT More Effective

    FATF has recognized the importance of combining human input and manual review with automation for...

    FATF Examines Technology use in Making AML/CFT More Effective Explore More

    News

    Shufti is nominated for ‘Oustanding Product/ Service’

    Global business excellence awards nominated Shufti for the category of outstanding product/ s...

    Shufti is nominated for ‘Oustanding Product/ Service’ Explore More

    News

    Financial Regulators in Uganda Demands Government to Set Crypto Regulations

    Uganda’s financia regulators, Financial Intelligence Authority (FIA), want the government to take...

    Financial Regulators in Uganda Demands Government to Set Crypto Regulations Explore More

    News

    U.S. SEC chair nominated to regulate crypto oversight

    William Barr, United States Attorney General announced that President Trump is likely to task Jay...

    U.S. SEC chair nominated to regulate crypto oversight Explore More

    News

    Central Bank of Morocco to Introduce a Comprehensive Crypto Regulation Bill

    Morocco’s Central Bank is drafting a set of comprehensive cryptocurrency laws as the digital asse...

    Central Bank of Morocco to Introduce a Comprehensive Crypto Regulation Bill Explore More

    News

    Personal Privacy Concerns Raised over FinCEN’s Proposed Crypto Rules

    The advocacy group in their latest comment has disregarded the proposed regulatory requirements b...

    Personal Privacy Concerns Raised over FinCEN’s Proposed Crypto Rules Explore More

    News

    Star Casino’s Share Tumbles 21% Following Money Laundering Allegations

    Individuals banned from gambling at the Star casino in Sydney had been permitted to gamble at Sta...

    Star Casino’s Share Tumbles 21% Following Money Laundering Allegations Explore More

    News

    SEC Unfolds Strict Regulations to Prevent Financial Crimes in Stock Market

    SEC (Securities Exchange Commission) is to implement tough regulations to prevent money launderin...

    SEC Unfolds Strict Regulations to Prevent Financial Crimes in Stock Market Explore More

    News

    EU Legislation Bans On-cash Deals Over €10,000 Due to Money Laundering Threats

    The European Union’s ban on cash payments over €10,000 for transactions such as car payments is e...

    EU Legislation Bans On-cash Deals Over €10,000 Due to Money Laundering Threats Explore More

    News

    PHL Ranking Declines in the Corruption Index, Reveals GRP

    According to the Global Risk Profile (GRP), the ranking of the Philippines in the corruption inde...

    PHL Ranking Declines in the Corruption Index, Reveals GRP 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

    Bank of Valletta Fined EUR 2.6 Million for UBOs Reporting Failure

    FIAU imposed a penalty of EUR 2.6 million on the Bank of Valletta for failing to report Beneficia...

    Bank of Valletta Fined EUR 2.6 Million for UBOs Reporting Failure Explore More

    News

    Ukraine Passes Anti-Money Laundering Law based on FATF

    The Government of Ukraine has passed the final version of a money laundering law based on the gui...

    Ukraine Passes Anti-Money Laundering Law based on FATF Explore More

    News

    Financial Intelligence Center Says SA Car Dealers Are at High Risk of Money Laundering

    The Financial Intelligence Centre (FIC) has said that SA’s motor vehicle dealers are at a high ri...

    Financial Intelligence Center Says SA Car Dealers Are at High Risk of Money Laundering Explore More

    News

    South Korea’s Telecom Giant to Introduce Blockchain Wallets for Official Documents

    SK Telecom, a South Korean telecom giant, has announced its first e-wallet for digitally storing ...

    South Korea’s Telecom Giant to Introduce Blockchain Wallets for Official Documents Explore More

    News

    AUSTRAC Has Published a New Guidance For Detecting “Cuckoo Smurfing”

    AUSTRAC’s guidance offers indicators for financial institutions, to allow them to detect suspicio...

    AUSTRAC Has Published a New Guidance For Detecting “Cuckoo Smurfing” Explore More

    News

    Binance Tightens KYC Verification to Meet Regulatory Compliance

    Customers that fail to meet the new requirements will only be allowed to withdraw funds, close po...

    Binance Tightens KYC Verification to Meet Regulatory Compliance Explore More

    News

    FATF to Blacklist Myanmar Over Money Laundering Concerns

    Myanmar faces a blacklisting threat by a FATF because of AML compliance failure and weak regulati...

    FATF to Blacklist Myanmar Over Money Laundering Concerns 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

    Singaporean Regulatory Authority Imposes $7.8M Worth of AML Non-Compliance Fines

    The Monetary Authority of Singapore (MAS) has imposed $7.8m fines on financial sector businesses,...

    Singaporean Regulatory Authority Imposes $7.8M Worth of AML Non-Compliance Fines Explore More

    News

    LifeLabs Hit By a Data Breach Affecting Personal Information of 15 Million People

    Canadian laboratory testing company, LifeLabs, disclosed on Tuesday that it had been a victim of ...

    LifeLabs Hit By a Data Breach Affecting Personal Information of 15 Million People Explore More

    News

    Westpac CEO Brian Hertzer Resigns Amid Money-Laundering Scandal

    The chief executive of Westpac Banking Corporation, Brian Hartzer, has resigned and the chairman ...

    Westpac CEO Brian Hertzer Resigns Amid Money-Laundering Scandal Explore More

    News

    Liechtenstein’s Legal Authorities Backed by Moneyval on Improved AML/CFT Measures

    Moneyval has published a report backing Liechtenstein’s authorities on the measures it took again...

    Liechtenstein’s Legal Authorities Backed by Moneyval on Improved AML/CFT Measures Explore More

    News

    AFP Investigates Money Laundering Tactics Employed by Criminals in 2021

    The Australian Federal Police is highlighting the hidden channels used by money launderers in 202...

    AFP Investigates Money Laundering Tactics Employed by Criminals in 2021 Explore More

    News

    UAE Grants Russian Lender a Rare Banking Licence to Operate in the Region

    The CBUAE has approved a banking licence for Russia’s MTS bank, a move that risks deepening...

    UAE Grants Russian Lender a Rare Banking Licence to Operate in the Region Explore More

    News

    NAB, Largest Casinos Operators Caught in AUSTRAC’s Wrath

    National Australia Bank (NAB) and the two largest casino operators in Australia are under investi...

    NAB, Largest Casinos Operators Caught in AUSTRAC’s Wrath Explore More

    News

    UAE Delegation to Visit the US to Discuss AML Initiatives

    The UAE and the US put forward their efforts to minimize the risks associated with virtual assets...

    UAE Delegation to Visit the US to Discuss AML Initiatives Explore More

    News

    Saudi Central Bank Instruct Banks to Combat Financial Crimes

    According to the Central Bank of Saudi Arab, the fraudulent operations are linked with the money ...

    Saudi Central Bank Instruct Banks to Combat Financial Crimes Explore More

    News

    FIAU Fines iGaming Company Approximately €236,789 for Money Laundering

    The Financial Intelligence Analysis Unit has ordered a Malta-based remote gaming operator to pay ...

    FIAU Fines iGaming Company Approximately €236,789 for Money Laundering 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

    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

    $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

    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

    Kuwait’s Ministry of Social Affairs to Amend the Executive Law to Fight Money Laundering and Terrorism

    Kuwait’s Ministry of Social Affairs is currently reviewing a proposal to amend the executive regu...

    Kuwait’s Ministry of Social Affairs to Amend the Executive Law to Fight Money Laundering and Terrorism Explore More

    News

    UAE to Demonstrate Effective Financial Crime Prevention to be Removed From FATF Gray List

    The economic secretary of the UK recently stated (April 25th, 2023) that the United Arab Emirates...

    UAE to Demonstrate Effective Financial Crime Prevention to be Removed From FATF Gray List 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

    South Korea Unlikely to Legislate Crypto Regulations Before the U.S – Says FSC

    South Korea’s Financial Services Commission focuses the cryptocurrency legislation. According to ...

    South Korea Unlikely to Legislate Crypto Regulations Before the U.S –  Says FSC Explore More

    News

    Shufti Nominated for Yalla Fintech 2020 Award

    Shufti, an identity verification service provider offering KYC verification and AML screening...

    Shufti Nominated for Yalla Fintech 2020 Award Explore More

    News

    House Bill Passed in Philippine to Enforce AML LAW

    House of Representatives has approved legal amendments to regulate the developers, metal dealers,...

    House Bill Passed in Philippine to Enforce AML LAW Explore More

    News

    Indonesia Becomes Member of International Watchdog, FATF

    The international money laundering watchdog, FATF, includes Indonesia as its member state, in a g...

    Indonesia Becomes Member of International Watchdog, FATF Explore More

    News

    FATF to Publish Revised Guidelines For Virtual Assets Service Providers

    The Financial Action Task Force is all set to publish updated guidelines on virtual assets on Oct...

    FATF to Publish Revised Guidelines For Virtual Assets Service Providers Explore More

    News

    FCA Fines Gatehouse Bank £1.58mn for Breaching Money Laundering Regulations

    The Financial Conduct Authority (FCA) has fined Gatehouse Bank £1.58 million. The regulator disco...

    FCA Fines Gatehouse Bank £1.58mn for Breaching Money Laundering Regulations Explore More

    News

    Ukraine Passes Anti-Money Laundering Law based on FATF

    The Government of Ukraine has passed the final version of a money laundering law based on the gui...

    Ukraine Passes Anti-Money Laundering Law based on FATF Explore More

    News

    FCA Issues Warning About 100+ Unregistered Crypto-asset Firms

    111 unregistered crypto-asset firms are operating from the UK. FCA warns consumers, banks, and pa...

    FCA Issues Warning About 100+ Unregistered Crypto-asset Firms Explore More

    News

    New Zealand Forces Banks To Strengthen Their Security Measures

    New Zealand’s parliamentary committee has urged banks and financial institutes to bolster their s...

    New Zealand Forces Banks To Strengthen Their Security Measures Explore More

    News

    European Commission Warns of Trade Laws Violation as EU Bans Tax-Haven Crypto Firms

    The European Commission has issued a new warning on breaching global trade laws as the EU bans ta...

    European Commission Warns of Trade Laws Violation as EU Bans Tax-Haven Crypto Firms Explore More

    News

    A Brussel Led Crackdown to be Held in Britain if EU Demands are not Met

    MEPs have ordered Brussels to black-list the city of London if it does not comply with the EU’s D...

    A Brussel Led Crackdown to be Held in Britain if EU Demands are not Met Explore More

    News

    Shufti Relocates its London Office to Facilitate the Company Growth

    March 2021, Shufti is pleased to announce the relocation of its London office to a larger and...

    Shufti Relocates its London Office to Facilitate the Company Growth 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

    Swiss Courts to Return Millions to Sanctioned Russians

    The Swiss courts have decided to pay the stolen millions of dollars back to the sanctioned Russia...

    Swiss Courts to Return Millions to Sanctioned Russians Explore More

    News

    Ireland’s Central Bank Found Gaps in Anti-Money Laundering Compliance Practices

    Ireland’s Central bank has found that certain financial firms are lacking in regards to anti-mone...

    Ireland’s Central Bank Found Gaps in Anti-Money Laundering Compliance Practices Explore More

    News

    UK’s Victoria Gate Casino Fined $613K over AML Failings

    The Source of funds for 10 customers were left unidentified by UK’s Victoria Gate Casino, resulti...

    UK’s Victoria Gate Casino Fined $613K over AML Failings 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

    Philippines anti-money laundering council demands strict POGO regulations

    The Philippines Anti-Money Laundering Council (AMLC) has advised of an “increasing level of threa...

    Philippines anti-money laundering council demands strict POGO regulations Explore More

    News

    Two of Singapore’s Banking Giants Involved in Billion-Dollar Money Laundering Case

    The two well-known banks in Singapore, Development Bank Singapore (DBS) and Overseas Chinese Bank...

    Two of Singapore’s Banking Giants Involved in Billion-Dollar Money Laundering Case Explore More

    News

    Russian police arrest former post office chief for mining crypto

    A former Russian regional post office chief was involved in mining cryptocurrencies via the offic...

    Russian police arrest former post office chief for mining crypto Explore More

    News

    Brexit Deal Decides the Future of Financial Service in the UK and the EU

    Marketers have finally realized the full text of the deal between the UK and Brussels regarding t...

    Brexit Deal Decides the Future of Financial Service in the UK and the EU Explore More

    News

    Nigerian Parliament Strengthens AML/CTF Laws for Real Estate Industry

    Nigerian real estate regulatory authority to mandate businesses to comply with AML/CTF compliance...

    Nigerian Parliament Strengthens AML/CTF Laws for Real Estate Industry Explore More

    News

    Global OCR market expected to reach $70 billion by 2030

    The global OCR market is expected to grow at the CAGR of 15% from 2020 to 2030, reaching USD 70 b...

    Global OCR market expected to reach $70 billion by 2030 Explore More

    News

    United Kingdom watchdog puts pressure on Deutsche bank

    According to the Financial Times, the United Kingdom financial regulator has censured the Deutsch...

    United Kingdom watchdog puts pressure on Deutsche bank Explore More

    News

    Comparitech Report Ranks Biometric Data Use: China Tops the List

    Comparitech, a pro-consumer technology website, conducted a study including 50 countries and thei...

    Comparitech Report Ranks Biometric Data Use: China Tops the List Explore More

    News

    NSW Gambling Laws Increase Risks of Money Laundering, Says the State’s Crime Commission

    The New South Wales Crime Commission says that some of the state’s gambling laws have increased t...

    NSW Gambling Laws Increase Risks of Money Laundering, Says the State’s Crime Commission 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

    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