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 Issues $1.048 Billion Worth of Fines for Money Laundering & Terrorism Financing

    n-img-uae

    UAE’s Executive Office to Combat Money Laundering and Terrorist Financing has claimed to collect a total of Dh 3.848 billion in fines for money laundering and terrorism financing. 

    The amount was collected in the form of asset seizures worth $625 million (Dh2.3 billion), and penalties of upto $64 million (Dh235 million) for failure to comply with anti-money laundering and terrorism financing.

    Moreover, some of the major financial institutions in the country paid a total of $5.3 million (Dh19.5 million), along with tax evasion and money laundering fines worth $10.8 million (Dh39.6 million) and confiscations of $109 million (Dh400 million). There were also preventive measures against terrorist financing and seizures amounting to $234 million (Dh892.3 million) against 48 defendants and companies that were convicted by the Abu Dhabi Courts. 

    In an interview with the Emirates News Agency (WAM), Hamid Al Zaabi, Director-General of the UAE Executive Office for Anti-Money Laundering and Counter-Terrorist Financing, said that these figures are an indication of the significant progress made by the country in addressing anti-money laundering and terrorism financing, in order to comply with international standards and its commitment to combatting financial crimes, and as part of its national priorities.

    Shedding lights on the achievements of the Office since it was established, he said that it had worked along with partners from both the private and public sector to support the anti-money laundering and terrorism financing system.

    “On the legislative front, several major legal amendments were recently adopted, including the anti-money laundering law that includes wider powers related to confiscations, as well as controlling virtual assets,” Al Zaabi stated.

    The anti-money laundering law’s executive regulation is currently being amended, and the rules include the entities listed on United Nations (UN) Security Council lists.

    Suggested read: UAE to Step Up AML Measures to Avoid FATF’s Grey List

    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

    Mishcon de Reya fined £232,500 for AML Failures

    London’s leading firm, Mishcon De Reya has been fined EUR 232,500 over failing Anti-Money Launder...

    Mishcon de Reya fined £232,500  for AML Failures 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

    China Strengthens Anti-Money Laundering Rules for Financial Institutions

    China has taken steps to improve financial institutions’ measures to combat money laundering by p...

    China Strengthens Anti-Money Laundering Rules for Financial Institutions Explore More

    News

    Uganda Remains on FATF Graylist for Failing to Curb Money Laundering

    Uganda is still under the scrutiny of AML/CFT agencies after failing to enforce regulations in NG...

    Uganda Remains on FATF Graylist for Failing to Curb Money Laundering Explore More

    News

    Central Bank of UAE Issues Updated Guidance For Licensed Financial Institutions

    CBUAE issues updated guidance for licenced financial institutions on growing risks of money laund...

    Central Bank of UAE Issues Updated Guidance For Licensed Financial Institutions Explore More

    News

    Singaporean Banks Enhance Security to Combat Financial Crime

    The Monetary Authority of Singapore (MAS) stated that the country’s banks are enhancing security ...

    Singaporean Banks Enhance Security to Combat Financial Crime 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

    Crypto Bank Anchorage Has Inadequate AML Measures, Says US Federal Regulator

    A US federal regulator has said that the first federally-chartered digital asset bank Anchorage D...

    Crypto Bank Anchorage Has Inadequate AML Measures, Says US Federal Regulator 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

    Drug Trade Proceeds Laundered Through Digital Currency ATMs, Says DEA

    According to the U.S Drug Enforcement Administration’s report, digital currency ATMs are growingl...

    Drug Trade Proceeds Laundered Through Digital Currency ATMs, Says DEA 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

    Danske Bank Fined €1.82m Over AML and CTF Breaches

    Danske Bank was accused of AML compliance failings and fined €1.82m by the Central Bank, revealin...

    Danske Bank Fined €1.82m Over AML and CTF Breaches Explore More

    News

    The Bicycle Hotel & Casino Fined $500K For Violating AML Laws

    The Bicycle Hotel and Casino will be paying $500K in fine as it failed to report Currency Transac...

    The Bicycle Hotel & Casino Fined $500K For Violating AML Laws Explore More

    News

    FCA Advises Firms to Embed Data and Technology to Combat Financial Crimes

    Sarah Pritchard, the FCA executive director of markets, spoke at the Financial Crime Summit in Lo...

    FCA Advises Firms to Embed Data and Technology to Combat Financial Crimes 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

    SFC Imposed a HK$9 Fine on RIFA Future for KYC Failings

    RIFA Limited was charged by the domestic regulatory authority of Hong Kong, the Securities and Fu...

    SFC Imposed a HK$9  Fine on RIFA Future for KYC Failings Explore More

    News

    Business Registry and FIAU Join Hands to Get Malta Off FATF Grey List

    The Financial Intelligence Analysis Unit (FIAU) and Malta Business Registry (MBR) have signed an ...

    Business Registry and FIAU Join Hands to Get Malta Off FATF Grey List Explore More

    News

    DIA Warns Auckland Real Estate for Lax Money Laundering Prevention

    The department of Internal Affairs has issued a formal warning to Auckland’s real estate company ...

    DIA Warns Auckland Real Estate for Lax Money Laundering Prevention Explore More

    News

    Skyrocketing NFT Sales Raise Concerns for Tax, Law Enforcement

    Last month, the sales for a digital art piece was surprisingly high and raised many questions for...

    Skyrocketing NFT Sales Raise Concerns for Tax, Law Enforcement Explore More

    News

    UK Treasury Committee Launches Inquiry into the Role of Crypto Assets and the Associated Risks

    The Treasury Committee of the UK’s House of Commons has urged the public to submit their take and...

    UK Treasury Committee Launches Inquiry into the Role of Crypto Assets and the Associated Risks 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

    U.S Congress Suspects the Use of Bitcoin to Fund Domestic Terrorism

    U.S Congress subcommittee worries that Bitcoin might have been used in funding the Capitol revolt...

    U.S Congress Suspects the Use of Bitcoin to Fund Domestic Terrorism 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

    Panama & the Cayman Islands’ AML Efforts May Lead to Removal From FATF Gray List

    According to the Paris-based watchdog, Financial Action Task Force (FATF), Panama and the Cayman ...

    Panama & the Cayman Islands’ AML Efforts May Lead to Removal From FATF Gray List Explore More

    News

    Taiwan Initiates Industry Association to Regulate Cryptocurrency Sector

    Nine crypto exchange platforms formed a group to create an industry association to regulate Taiwa...

    Taiwan Initiates Industry Association to Regulate Cryptocurrency Sector Explore More

    News

    FTX Customers File Class Action Against Bankrupt Crypto Exchange

    FTX customers had filed a class action against the bankrupt crypto exchange and its ex-CEO Sam Ba...

    FTX Customers File Class Action Against Bankrupt Crypto Exchange Explore More

    News

    Action Fraud alerts shoppers about COVID-19 scams

    Retail stores and other non-essential shops are recommencing across the United Kingdom, but many ...

    Action Fraud alerts shoppers about COVID-19 scams Explore More

    News

    Cambodia and Thailand Police Forces Unite Against Money Laundering and Terrorist Financing

    The Cambodian and Thailand National Police officers partner to bolster their strength against mon...

    Cambodia and Thailand Police Forces Unite Against Money Laundering and Terrorist Financing Explore More

    News

    KYC Alliance between Dubai Economy and six banks

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

    KYC Alliance between Dubai Economy and six banks Explore More

    News

    SMEs Decry Registration Hurdles Owing to SCUML Certificate

    SMEs have decried hurdles in opening business/corporate accounts due to the Anti Money Laundering...

    SMEs Decry Registration Hurdles Owing to SCUML Certificate Explore More

    News

    Compliance Specialists Remind Letting Agents to Meet HMRC Deadline

    The real estate industry in the UK is being constantly reminded that the deadline for registering...

    Compliance Specialists Remind Letting Agents to Meet HMRC Deadline Explore More

    News

    New Jersey Hospital System Hit By a Ransomware Attack

    One of the largest hospital systems of New Jersey has reported that it was hit by a ransomware at...

    New Jersey Hospital System Hit By a Ransomware Attack Explore More

    News

    SEC Charges $79 Million Penalties on Broker Companies for Deficiencies in Recordkeeping

    The Security and Exchange Commission (SEC) has imposed $79 million worth of penalties on brokerag...

    SEC Charges $79 Million Penalties on Broker Companies for Deficiencies in Recordkeeping Explore More

    News

    Hong Kong Legislators Invite Coinbase to the Region Despite SEC Concerns

    Coinbase and other crypto exchanges have been invited to establish operations in Hong Kong; the r...

    Hong Kong Legislators Invite Coinbase to the Region Despite SEC Concerns Explore More

    News

    Swiss Prosecutors Scrutinize Lebanon’s Central Bank for Money Laundering

    Prosecutors in Switzerland are carrying out investigations from the British Virgin Islands to Gen...

    Swiss Prosecutors Scrutinize Lebanon’s Central Bank for Money Laundering Explore More

    News

    The UAE Central Bank Revokes Dirham Exchange’s Licence for AML Misconduct

    Dirham Exchange, an exchange house based in the UAE, has had its licence revoked by The UAE Centr...

    The UAE Central Bank Revokes Dirham Exchange’s Licence for AML Misconduct Explore More

    News

    The UK Introduces Beneficial Ownership Register for Overseas Entities

    The implementation of the UK government’s Economic Crime (Transparency and Enforcement) Bill has ...

    The UK Introduces Beneficial Ownership Register for Overseas Entities Explore More

    News

    SEC Partners with Government Agencies and Philippines Police to Combat Money Laundering

    The SEC signed a data-sharing agreement with the Philippines police and other government agencies...

    SEC Partners with Government Agencies and Philippines Police to Combat Money Laundering Explore More

    News

    NSW Government Introduces New Money Laundering Laws To Combat Organised Crimes

    The New South Wales government  add new laws to increase the security against the criminal gangs ...

    NSW Government Introduces New Money Laundering Laws To Combat Organised Crimes Explore More

    News

    UK Announces New Legislation to Regulate Crypto Assets Industry

    The UK’s government has developed its first legal framework for cryptocurrency trading and ...

    UK Announces New Legislation to Regulate Crypto Assets Industry Explore More

    News

    Lloyds Bank of UK Issues Warning Over Increasing Threat of Crypto Scams

    Lloyds Bank revealed a rise in cryptocurrency investment scams and reported a 23% increase compar...

    Lloyds Bank of UK Issues Warning Over Increasing Threat of Crypto Scams Explore More

    News

    AUSTRAC to Update Guidance for Threshold Transaction Reporting

    AUSTRAC has made it mandatory for reporting entities to include a threshold transaction report (T...

    AUSTRAC to Update Guidance for Threshold Transaction Reporting Explore More

    News

    UAE Strengthens AML Measures to Bolster Virtual Asset Framework

    The UAE’s anti-money laundering and counter-terrorism financing department stated it continues bo...

    UAE Strengthens AML Measures to Bolster Virtual Asset Framework 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

    Money Laundering Scheme by Crime Gangs Focuses on Ireland

    International criminal organisations are using millions of euros in legitimate products to mask s...

    Money Laundering Scheme by Crime Gangs Focuses on Ireland Explore More

    News

    FinCEN Alerts FIs of Sanction Evasion by Russian Entities Implicated in U.S. Commercial Property Investments

    FinCEN alerted all the Financial Institutions warning about the risk of investment from sanctione...

    FinCEN Alerts FIs of Sanction Evasion by Russian Entities Implicated in U.S. Commercial Property Investments Explore More

    News

    DC lawyers can now accept crypto for legal fees

    According to a report by Bloomberg Law, cryptocurrency can now be used to pay for legal services ...

    DC lawyers can now accept crypto for legal fees 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

    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

    FATF Issues Guidance for AML/CFT Digitization of FIUs

    FATF published a report in collaboration with the Egmont group discussing why and how FIUs should...

    FATF Issues Guidance for AML/CFT Digitization of FIUs Explore More

    News

    Saudi Arabia Permits 9 FinTech Companies to Operate in Regulatory Sandbox

    The Saudi Arabian Monetary Authority (SAMA) announced that it has allowed nine more FinTech firms...

    Saudi Arabia Permits 9 FinTech Companies to Operate in Regulatory Sandbox 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

    Financial Regulators in China Ban Bitcoin Trading for Financial Security

    China imposed a fresh ban on the cryptocurrency sector making the price of bitcoin fall below $34...

    Financial Regulators in China Ban Bitcoin Trading for Financial Security Explore More

    News

    EU Removes Iraq From List of High-Risk Money Laundering Countries

    Iraq has been de-listed from the EU’s list of high-risk countries for money laundering and terror...

    EU Removes Iraq From List of High-Risk Money Laundering Countries Explore More

    News

    Ireland Mandates Registration of Crypto Firms Under AML Laws

    Ireland has taken new measures to regulate crypto businesses under the AML law for the first time...

    Ireland Mandates Registration of Crypto Firms Under AML Laws 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

    CBUAE Issues New AML/CTF Guidelines for the Insurance Sector

    The Central Bank of the UAE (CBUAE) has announced new Anti Money Laundering and Countering Terror...

    CBUAE Issues New AML/CTF Guidelines for the Insurance Sector Explore More

    News

    American Gaming Association Updates Best Practices for AML

    The American Gaming Association (AGA) has released updated “Best Practices for Anti-Money Launder...

    American Gaming Association Updates Best Practices for AML Explore More

    News

    UK Gambling Commission Fines 888 with £9.4m for AML Failings

    Great Britain’s Gambling Commission has issued 888 with a fine of £9.4 million over a series of s...

    UK Gambling Commission Fines 888 with £9.4m for AML Failings 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

    FATF Urges Member Countries To Lead by Example in Implementing Travel Rule

    The global financial watchdog FATF has urged countries to implement the travel rule in the legisl...

    FATF Urges Member Countries To Lead by Example in Implementing Travel Rule 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

    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

    Fake Zoom Invite Collapsed Australian Hedge Fund with a CyberAttack

    A fake zoom invite has taken out $8.7 million in fraudulent invoices by the trustee and administr...

    Fake Zoom Invite Collapsed Australian Hedge Fund with a CyberAttack 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

    Prosecutors Raise Questions About KYC/AML Against Cryptocurrency Mixers

    According to the prosecutors and financial regulators, cryptocurrency mixers are reportedly being...

    Prosecutors Raise Questions About KYC/AML Against Cryptocurrency Mixers Explore More

    News

    Poloniex Agrees to Pay $7.6M in Settlement of Sanctions Violations

    In a settlement with the Office of Foreign Asset Control (OFAC), Poloniex LLC, a former subsidiar...

    Poloniex Agrees to Pay $7.6M in Settlement of Sanctions Violations Explore More

    News

    UK court orders crypto exchange to shut down after clients lose $2M

    In a recent statement, the U.K. government stated that 108 of their clients had lost a total of a...

    UK court orders crypto exchange to shut down after clients lose $2M Explore More

    News

    DISA is Working on a Digital Identity, Credential, and Access Management Tool

    According to Nextgov reports, the Defense Information System Agency (DISA) in the US has announce...

    DISA is Working on a Digital Identity, Credential, and Access Management Tool Explore More

    News

    SEC Cautions Citizens Regarding Digital Investment Scams in the Philippines

    The Securities and Exchange Commission (SEC)  has warned the public to pay caution while making d...

    SEC Cautions Citizens Regarding Digital Investment Scams in the Philippines Explore More

    News

    FATF to Decide Grey Listing of South Africa

    FATF will announce its decision regarding the greylisting of South Africa on 24th February 2023. ...

    FATF to Decide Grey Listing of South Africa Explore More

    News

    Anti-Money Laundering Assessment of Sri Lanka Expected Shortly by FATF

    In a recent statement, President Ranil Wickremesinghe announced that Sri Lanka will begin its nex...

    Anti-Money Laundering Assessment of Sri Lanka Expected Shortly by FATF 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