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

    us

    216.73.216.68

    UAE Convenes Summit on Curbing Money Laundering and Terrorism Financing

    n-img-uae

    The UAE convened an international summit on money laundering and terrorist financing prevention in Abu Dhabi, attended by 31 countries, for 3 days. The Ministry of Justice has released a statement emphasising the country’s efforts to combat illicit activities, money laundering, and terrorism financing. 

    The Ministry of Justice had organised a significant authority conference to combat terrorism financing, illicit activities and money laundering. This three-day conference in Abu Dhabi was attended by representatives from 31 countries specialising in fighting terrorism financing, suspicious activities, and money laundering.

    Additionally, the Ministry has contacted other UAE entities to facilitate this effort, including Abu Dhabi, Ras Al Khaimah, and Dubai authorities. These authorities include several government departments, including the Ministry of Interior, the Ministry of Foreign Affairs, the Abu Dhabi Executive Office, and the Military Judiciary.

    A speech cited by Eng Abdul Rahman Muhammad Al Hammadi quoted Abdullah Sultan Al Nuaimi, the Ministry of Justice’s Acting Undersecretary, stated: “Today, money laundering and terrorist financing crimes are among the biggest challenges facing the international community, which is in need of the cooperation and solidarity of all countries of the world, without exception, to effectively address this serious crime, and to draw strategies and develop common policies and procedures necessary to combat it, both at the national and international levels.”

    A central authority supported this effort by using the latest technologies and applying best practices in legislation to facilitate international cooperation, direct communication, information exchange, and coordination in investigations and trials, and using the latest technologies. As part of his presentation, Al Nuaimi highlighted the UAE’s efforts in fighting money laundering and terrorist financing crimes.

    “The UAE is one of the pioneering countries in this field, and many strict legislations and laws have been issued in this context. In coordination with its partners from state institutions internally and externally, it took many necessary measures and coordinated its efforts in this context with all relevant authorities in the country, whether through the Department of International Cooperation, or the Anti-Money Laundering Department in the Ministry,” Al Nuaimi said.

    Suggested Reads:

    UAE AND EGYPT COLLABORATE TO FIGHT MONEY LAUNDERING AND TERRORIST FINANCING

    UAE IMPOSES FINES EXCEEDING DH115 MILLION TO COMBAT MONEY LAUNDERING IN Q1 OF 2023

    Related Posts

    News

    OFAC Sanctions Cryptocurrency Mixing Service for Allegedly Sourcing Money Laundering

    OFAC has imposed economic sanctions on cryptocurrency mixing service Tornado Cash for allowing cu...

    OFAC Sanctions Cryptocurrency Mixing Service for Allegedly Sourcing Money Laundering 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

    Philippine Banks Struggle to Comply with AML Regulations

    Philippian banks and financial institutions are struggling with compliances regarding the anti-mo...

    Philippine Banks Struggle to Comply with AML Regulations 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

    Crypto Bill Approved by the US Congress Set to Revamp Digital Asset Securities

    The US Congress presented comprehensive legislation for the crypto market to redefine workflows a...

    Crypto Bill Approved by the US Congress Set to Revamp Digital Asset Securities Explore More

    News

    UAE Struggles to Shade Off Grey-List Status as it Continues to Attract More Crypto Firms

    The UAE is keen on regaining a good reputation by clearing its name from FATF’s grey list while t...

    UAE Struggles to Shade Off Grey-List Status as it Continues to Attract More Crypto Firms 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

    Swiss FinTech Firm LeonTeq ‘Strongly Refutes’ Allegations of Suspicious Transactions

    Swiss FinTech firm LeonTeq has rejected allegations of suspicious transactions with possible link...

    Swiss FinTech Firm LeonTeq ‘Strongly Refutes’ Allegations of Suspicious Transactions Explore More

    News

    China officially recognizes Blockchain jobs as a new occupation

    The ongoing COVID-19 outbreak is modifying blockchain companies, and its effect is not always neg...

    China officially recognizes Blockchain jobs as a new occupation Explore More

    News

    FCA Probe into Barclays for Anti-Money Laundering Failings

    The Financial Conduct Authority opened a probe into Barclays for suspected failings in compliance...

    FCA Probe into Barclays for Anti-Money Laundering Failings 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

    Vietnam Govt to Introduce Crypto Research Group to Evaluate Policy

    Vietnam’s Ministry of Finance has plans of establishing a research group with the aim of studying...

    Vietnam Govt to Introduce Crypto Research Group to Evaluate Policy Explore More

    News

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

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

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

    News

    Few Hours Left! Was Mail-in-Ballots Successful?

    The US elections 2020 have been exhilarating yet stressful for all the residents. The coronavirus...

    Few Hours Left! Was Mail-in-Ballots Successful? Explore More

    News

    Chinese Authorities Bust 93 for Crypto Money Laundering Worth RMB 40 Billion

    Chinese Authorities in the Hunan province have busted a criminal ring of 92 individuals for alleg...

    Chinese Authorities Bust 93 for Crypto Money Laundering Worth RMB 40 Billion Explore More

    News

    Ex-Microsoft engineer accused of digital currency scam

    Ukrainian citizen, Volodymyr Kvashuk, has been accused of six counts of money laundering, five of...

    Ex-Microsoft engineer accused of digital currency scam Explore More

    News

    FinCEN Pinpoints Bitzlato as “Primary Money Laundering Concern”

    FinCEN recognises Bitzlato Limited, a Hong-kong based virtual crypto exchange network, as a prima...

    FinCEN Pinpoints Bitzlato as “Primary Money Laundering Concern” Explore More

    News

    Japan’s regulator verifies 2 new digital currency alliances

    Financial regulators in Japan have approved two organizations to act as digital currency associat...

    Japan’s regulator verifies 2 new digital currency alliances Explore More

    News

    Cyprus Makes Progress in Implementing AML Measures

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

    Cyprus Makes Progress in Implementing AML Measures Explore More

    News

    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

    Uganda Remains Greylisted by FATF for Money Laundering

    There will be no change to Uganda’s status on the “grey list” due to the countr...

    Uganda Remains Greylisted by FATF for Money Laundering 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

    US Senator Joe Manchin Introduces Digital Asset Anti-Money Laundering Act to Curb Unauthorised Crypto Flow

    US Senator Joe Manchin, along with Senators Roger Marshall, Lindsy Graham, and Elizabeth Warren, ...

    US Senator Joe Manchin Introduces Digital Asset Anti-Money Laundering Act to Curb Unauthorised Crypto Flow Explore More

    News

    Japan’s regulator verifies 2 new digital currency alliances

    Financial regulators in Japan have approved two organizations to act as digital currency associat...

    Japan’s regulator verifies 2 new digital currency alliances Explore More

    News

    The Biggest Software Company in the US under Ransomware Attack on Election Night

    Tyler Technologies in Plano, Texas, was under a ransomware attack last week. The company sells so...

    The Biggest Software Company in the US under Ransomware Attack on Election Night Explore More

    News

    EMI Flagged Nearly 40% of UK’s E-Money Exchanges for Money Laundering Risk

    A report from Transparency International revealed that nearly 40% of the UK’s e-payment companies...

    EMI Flagged Nearly 40% of UK’s E-Money Exchanges for Money Laundering Risk Explore More

    News

    FATF Publishes Two New Updates on Global ML/TF Risks

    FATF, the international group that makes global Anti-Money Laundering and Countering Terrorism Fi...

    FATF Publishes Two New Updates on Global ML/TF Risks Explore More

    News

    France to Implement Stringent Regulations on Cryptocurrency

    France is planning on regulations that abolish the anonymity in cryptocurrency. Financial authori...

    France to Implement Stringent Regulations on Cryptocurrency Explore More

    News

    Fraudulent crypto exchange shut down by UK High Court

    The UK High Court has designated the Official Receiver as liquidator of GPay Ltd, the cryptocurre...

    Fraudulent crypto exchange shut down by UK High Court Explore More

    News

    Norway to Revive Travel by Introducing Vaccine Passports

    By the Summer of 2021, Norway plans to revive travel to and from the country as it joins the list...

    Norway to Revive Travel by Introducing Vaccine Passports 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

    US Senators Urge CISA to Incorporate Rules for Ransomware Reporting

    US senators have urged the CISA to enforce new ransomware reporting rules amid a sharp increase i...

    US Senators Urge CISA to Incorporate Rules for Ransomware Reporting Explore More

    News

    China Makes Facial Recognition Mandatory For Smartphone Users

    China is making it mandatory for all smartphone users who register new SIM cards to submit to fac...

    China Makes Facial Recognition Mandatory For Smartphone Users Explore More

    News

    Moroccan Charity, Najiba Foundation, Faces Account Termination by ING Bank for AML Failures

    Internationale Nederlanden Groep (ING) wants to terminate one of the largest Moroccan charity fou...

    Moroccan Charity, Najiba Foundation, Faces Account Termination by ING Bank for AML Failures Explore More

    News

    The Czech Republic Government Amends Beneficial Ownership Law to Meet AML Obligations

    The Czech Republic government revised Beneficial Ownership Law upon the European Commission’...

    The Czech Republic Government  Amends  Beneficial Ownership Law to Meet AML Obligations Explore More

    News

    FIU Imposes a Fine of L$21 Million on Insurance Companies for AML Failings

    The Liberian financial intelligence unit (FIU) has imposed a L$21 million fine against all the in...

    FIU Imposes a Fine of L$21 Million on Insurance Companies for AML Failings Explore More

    News

    MEPs Disclose Plans To Crack Down On Money Laundering – AMLA Reports

    The civil liberties and economic affairs committees discussed the plan to establish an EU Authori...

    MEPs Disclose Plans To Crack Down On Money Laundering – AMLA Reports Explore More

    News

    FINTRAC Fines Two B.C. Real Estate Brokerage Firms for AML Violations

    The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) has recently fined two...

    FINTRAC Fines Two B.C. Real Estate Brokerage Firms for AML Violations Explore More

    News

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

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

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

    News

    FSRA to Take Action Over the MGA’s Training Practices

    The Financial Services Regulatory Authority of Ontario (FSRA) has notified that it’s going to tak...

    FSRA to Take Action Over the MGA’s Training Practices 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

    German Authorities Shut Down ChipMixer on Suspicion of Laundering $2.9B Worth of Bitcoins

    Law enforcement authorities bring down German-based server ChipMix alleged of laundering $2.9 bil...

    German Authorities Shut Down ChipMixer on Suspicion of Laundering $2.9B Worth of Bitcoins Explore More

    News

    US Launches First Criminal Prosecution for Alleged Cryptocurrency Sanctions Case

    Criminal charges are issued by the US Justice Department for the first time for transmitting more...

    US Launches First Criminal Prosecution for Alleged Cryptocurrency Sanctions Case Explore More

    News

    SRA Fines Scarborough Law Firm for Long-term AML Compliance Failures

    The Solicitors Regulation Authority (SRA) has fined Scarborough law firm Pinkney Grunwells Lawyer...

    SRA Fines Scarborough Law Firm for Long-term AML Compliance Failures Explore More

    News

    The Cayman Islands Pleads to be Removed from the FATF’s ‘Gray List’ of Jurisdictions Suspected of Money Laundering

    An initiative by the Cayman Islands in France, on June 19th, asked the Financial Authority Task F...

    The Cayman Islands Pleads to be Removed from the FATF’s ‘Gray List’ of Jurisdictions Suspected of Money Laundering Explore More

    News

    FATF Finalizes Key Working Areas in its Fifth Plenary Meeting

    FATF’s fifth plenary meeting consisting of 206 members of the Global Network and Observer organiz...

    FATF Finalizes Key Working Areas in its Fifth Plenary Meeting Explore More

    News

    AMLA Adds New Protections and Financial Incentives for US Whistleblowers

    Anti Money Laundering Act 2020, has amended the recently enacted AML whistleblower improvement ac...

    AMLA Adds New Protections and Financial Incentives for US Whistleblowers 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

    UAE Levies Charges Over DH115 Million to Combat Money Laundering

    A total of Dh115 million ($31.3 million) has been fined by the UAE in its efforts to impede money...

    UAE Levies Charges Over DH115 Million to Combat Money Laundering Explore More

    News

    Experts Warn Many Firms Will Face Challenges With Latest FCA UK Crypto Law

    The UK’s Financial Conduct Authority (FCA) updated the crypto industry regulations recently, whic...

    Experts Warn Many Firms Will Face Challenges With Latest FCA UK Crypto Law Explore More

    News

    EU to Investigate Google and Facebook’s Data Collection Practices

    The European Union has begun preliminary investigations into the data collection practices of Goo...

    EU to Investigate Google and Facebook’s Data Collection Practices Explore More

    News

    Bipartisan Senators Propose Amendment of the National Defense Authorization Act to Prevent Crypto Money Laundering

    Bipartisan lawmakers in the US amended the obligations of anti-money laundering and updated the N...

    Bipartisan Senators Propose Amendment of the National Defense Authorization Act to Prevent Crypto Money Laundering Explore More

    News

    IRS Highlights Potential Risk of Fraud in NFTs and Cryptocurrencies

    IRS highlights Non-Fungible Token (NFTs) and crypto as the potential risk of financial crimes, in...

    IRS Highlights Potential Risk of Fraud in NFTs and Cryptocurrencies Explore More

    News

    Fraudsters Target UK’s £400 Energy Bill Support Scheme through Scam Texts

    Fraudsters are taking advantage of the support program initiated for people to lessen the burden ...

    Fraudsters Target UK’s £400 Energy Bill Support Scheme through Scam Texts Explore More

    News

    Sebi Releases New Anti-Money Laundering Guidelines

    The capital markets regulatory authority, the Securities Exchange Board of India (Sebi), publishe...

    Sebi Releases New Anti-Money Laundering Guidelines Explore More

    News

    FinCEN Wants Banks to Submit SARs to Affiliates Under AML Act 2021

    FinCEN proposed a new rule that will allow banks to share suspicious activity reports with foreig...

    FinCEN Wants Banks to Submit SARs to Affiliates Under AML Act 2021 Explore More

    News

    After Targeting 30 People, the “Major Identity Theft Player” Got Arrested by MPD

    Roseanna Russell, who the police call ‘mega player’, got caught by the Mobile police. The reports...

    After Targeting 30 People, the “Major Identity Theft Player” Got Arrested by MPD Explore More

    News

    Irish Businessmen lost More than €10 Million in Invoice Redirect Fraud

    Sophisticated invoice redirect fraud in Ireland has resulted in the loss of €10 Million for busin...

    Irish Businessmen lost More than €10 Million in Invoice Redirect Fraud Explore More

    News

    Legal Challenges Against TikTok for Breaching Child Privacy Policy

    TikTok, the most trending social media application in the present times is facing legal actions f...

    Legal Challenges Against TikTok for Breaching Child Privacy Policy 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

    TSB Fined $3.5M on Account of Four AML Breaches

    New Zealand’s High Court has fined Trustee Savings Bank (TSB) Ltd NZD 3.5 million following the b...

    TSB Fined $3.5M on Account of Four AML Breaches Explore More

    News

    FCA Alerts Crypto Firms to prepare for Advertising Rule Change

    The UK Financial Watchdog has alerted all Crypto firms to be prepared for advertising rule change...

    FCA Alerts Crypto Firms to prepare for Advertising Rule Change Explore More

    News

    Digital euro successfully tested at the Bank of France

    On May 20, Banque de France announced that France has become the first country to successfully te...

    Digital euro successfully tested at the Bank of France Explore More

    News

    FCA Says Bankman-Fried FTX Cryptocurrency Exchange Not Regulated in the UK

    FCA warned crypto exchange FTX due to their unauthorized operations. The financial regulator clea...

    FCA Says Bankman-Fried FTX Cryptocurrency Exchange Not Regulated in the UK Explore More

    News

    AMLA Adds New Protections and Financial Incentives for US Whistleblowers

    Anti Money Laundering Act 2020, has amended the recently enacted AML whistleblower improvement ac...

    AMLA Adds New Protections and Financial Incentives for US Whistleblowers Explore More

    News

    Elon Musk proposes regulations on artificial intelligence

    ”Organizations developing artificial intelligence must be regulated”, says Elon Musk. This is not...

    Elon Musk proposes regulations on artificial intelligence Explore More

    News

    Pandemic Fraud Crackdown: US Bank Employees Indicted Over Document Fraud

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

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

    News

    India to Introduce Physical Cryptocurrency Bank Branches

    India has been rapidly adopting the changes in the digital world and introducing physical banks f...

    India to Introduce Physical Cryptocurrency Bank Branches Explore More

    News

    UK Publishes First National Risk Assessment of Proliferation Financing

    The UK is at a high risk of proliferation financing for Korea and Iran, while UK financial instit...

    UK Publishes First National Risk Assessment of Proliferation Financing 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

    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

    Financial Watchdogs in Thailand Issue Strict KYC for New Crypto Accounts

    The government in Thailand plans to eliminate anonymity in the new crypto account creation by enf...

    Financial Watchdogs in Thailand Issue Strict KYC for New Crypto Accounts 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