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 memorandum of cooperation to enhance their efforts in
Shufti Pro Blogs
Latest from Shufti Pro
Emerging Fintech Marketplace, Zoth, Integrates Shufti Pro’s Robust KYC and KYB Services for Enhanced Security and Compliance
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 and compliance-assured KYB and KYC services
AXIOMA Integrates Shufti Pro’s AI-powered KYC and KYB Solutions for Secure Financial Services
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 partnership is set to revolutionize the Fintech
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 world which continues to evolve. While this has elevated
MFSA, SEC, Along with FCA Introduces New AML Guidelines for Money Laundering Officers and Virtual Asset Service Providers
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 Laundering Reporting Officers [MLROs] and Virtual Asset Service Providers [VASPs], aiming to limit
SRA, 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 Non-Compliance with AML regulations and other regulatory obligations.
ACMA has fined Optus, a telecommunication
Blockchain Association States Senator Warren’s Crypto AML Bill is a Threat to the US
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 Warren’s proposal for the crypto AML Bill, the Blockchain
Florida House Speaker Votes to Restrict Minors’ Access to Social Media Platforms Via Age Verification Checks
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 thanked the U.S. Senate Committee for a hearing in which the
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 better outcomes. However, technological advancements have also provided cybercriminals with more sophisticated mechanisms to carry
Revolutionizing the Finance Sector | VKYC’s Impact on Identity Verification in 2024
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, ultimately contributing to a safer digital experience for users and companies. With the advent of