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A 2024 Overview of Identity Document Forgery
As technologies like artificial intelligence and machine learning have advanced, they have significantly aided businesses in creating accurate workflows and efficient data processing, resulting in...
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Revolutionizing the Finance Sector | VKYC’s Impact on Identity Verification...
Identity verification is crucial in today’s ever-evolving digital landscape as it helps prevent identity fraud, reduces financial crime, and maintains regulatory compliance across multiple sectors,...
View ArticleFlorida House Speaker Votes to Restrict Minors’ Access to Social Media...
Florida House votes to mandate social media platforms to implement rigid age verification checks, aiming to protect our youth from digital exploitation. Florida House Speaker, Paul Renner, publicly...
View ArticleBlockchain Association States Senator Warren’s Crypto AML Bill is a Threat to...
The Blockchain Association has raised concerns about the recently proposed Digital Asset Anti-Money Laundering Act of 2023, stating that it threatens the US crypto industry. In the wake of Senator...
View ArticleSRA, India’s FIU, and the ACMA Issue Non-Compliance Fines Exceeding $2 Million
The Solicitors Regulation Authority [SRA], India’s Financial Intelligence Unit [FIU], and the Australian Communications and Media Authority [ACMA] fined multiple organizations more than $2 million for...
View ArticleMFSA, SEC, Along with FCA Introduces New AML Guidelines for Money Laundering...
The Malta Financial Services Authority (MFSA), Securities and Exchange Commission (SEC), and Financial Conduct Authority have developed a new set of anti-money laundering guidelines for Money...
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The State of Fraud Detection & Prevention in 2024 | Ready, Set, Fraud
Since the dawn of the internet in the 90s, we’ve witnessed multiple phases of digital revolution. The Covid-19 pandemic also served as a huge catalyst in propelling businesses into a digitally-driven...
View ArticleAXIOMA Integrates Shufti Pro’s AI-powered KYC and KYB Solutions for Secure...
London, UK – April 2, 2024 – AXIOMA, a well-known legal advisory and compliance management firm, has partnered with Shufti Pro, upgrading its service quality and becoming an official reseller. The...
View ArticleEmerging Fintech Marketplace, Zoth, Integrates Shufti Pro’s Robust KYC and...
Initially Published on PR Log London, UK – April 4, 2024 – Zoth, an innovative RWA marketplace for enhanced liquidity and tokenization, has collaborated with Shufti Pro, integrating its highly secure...
View ArticleSingapore, Cyprus, and the US Expedite Efforts to Combat Financial Crimes...
Singapore, Cyprus, and the US are stepping up their efforts to curb financial crimes while aiming to make the global financial system risk-free and future-proof. Cyprus and the US have signed a...
View ArticleRegulatory Authorities Fines TD Bank, Adelaide Casino, and SBI over $500...
International financial watchdogs have imposed a fine of over $500 million on TD Bank, Adelaide Casino, and SBI for non-compliance with anti-money laundering regulations. The federal court has imposed...
View ArticleNigeria, Myanmar, and Türkiye Take Effective Steps to Meet FATF Recommendations
Myanmar, Nigeria, and Türkiye are implementing effective measures to level up anti-money laundering and counter-terrorist financing frameworks to exit FATF’s grey list. Nigeria is all set to exit...
View ArticleIdentity Verification Isn’t Just for Compliance Anymore
Identity verification solutions are well-known in regulatory compliance environments, particularly for Know Your Customer (KYC) programs supporting Anti-Money Laundering (AML) efforts. But the threat...
View ArticleShufti Pro and .MUSIC partner to authenticate music identities and protect...
In the new age of AI-powered musical impersonation, deepfakes and bots, an artist’s greatest asset in the digital world is their Name, Image, Likeness, and Voice (NILV). Today, identity verification...
View ArticleFINMA, SFC, and MAS Fine Multiple Financial Institutions Over $1.5 Billion...
FINMA, SFC, and MAS fined multiple financial institutions over $1.5 billion for not complying with AML and CFT regulations. Swiss Financial Market Supervisory Authority FINMA has alleged HSBC (Suisse)...
View ArticleTürkiye Removed From Gray List, India Recognized for Its AML Efforts, and...
On Friday, an international financial watchdog committed to securing the global economic system against money laundering and terrorist financing, the Financial Action Task Force (FATF), removed...
View ArticleSingapore and Europe Enhance AML Framework to Fight Financial Crimes Effectively
Singapore and Europe have emerged with enhanced AML requirements for corporate services businesses and crypto assets exchanges to fight financial crimes. Singapore’s regulatory authorities have...
View ArticleTaiwan and Singapore Strengthen AML Regulations for Virtual Asset Providers...
Taiwan and Singapore enhance Anti-Money Laundering (AML) regulations for virtual asset service providers and banks, aiming to control the illicit flow of money through the country’s legal financial...
View ArticleUK Parliament Legislates New Digital Identity Verification Services Bill
On Wednesday, in the King’s Speech, the UK government presented a new Digital Identity Verification Services Bill to standardize digital IDs. The UK government has introduced a new bill for online...
View ArticleUnited States Senate, UAE Government, and Spain Make Significant Efforts to...
United States Senate, UAE Government, and Spain Take effective measures to amend current Anti-Money Laundering (AML) laws to curb money laundering and terrorist financing activities. The US Senate is...
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