In recent years, blockchain has continuously emerged as a buzzword and has played a key role in making cryptocurrency conventional. Owing to blockchain technology, the consistent rise and fall of multiple digital currencies have taken hold of everyone’s attention. …
It is difficult to detect money laundering schemes. Money launderers deploy financial institutions to make their money look legal. The prominent names being targeted by launderers contain banks, insurance companies, gaming websites, cryptocurrency exchanges, and other financial solution providers. …
One of the first lessons we all learn or make our next generations learn is how to share. As a result, we quickly discover how to differentiate between trustworthy people from others that are less so. The same thing applies when it comes to the sharing economy. How can someone…
It would not be wrong to call 2021 an exceptional year for cryptocurrency as the industry managed to attract a massive audience thanks to the COVID-19 outbreak. Blockchain acting behind the scenes for cryptocurrency made it a more secure alternative to traditional money. Looking at the industry’s success in recent…
Despite the fact that the holiday season is known to be the happiest time of the year, it is also known to have the highest number of financial crimes resulting from data breaches and identity thefts. Online shopping platforms see a lot of traffic because they provide tempting deals on…
Identity verification has turned out to be an important service to overcome the risk of scams in all the industries known, and telecom is no exception. Since telecom is associated (directly or indirectly) with multiple other services such as health, national security, and finance among others, therefore, ID verification matters…
CANARY WHARF, UK — NOV. 22, 2021 — Shufti Pro, a world-renowned KYC and AML service provider, announces the opening of its new office in Arch. Makarios III Avenue 229 in Limassol, Cyprus, led by the company’s Head of Innovation Dr Costas Konis.
Like the world has been affected by Covid-19, the financial sector is suffering from money laundering as well. The principal objective of money launderers is to legalize black money, and financial businesses are the best place to do it. Cash-based money laundering is easy to combat; but since now criminals…
COVID-19 has greatly affected the travel industry and restricted social gatherings considering the high transmission rate of acute respiratory syndrome coronavirus-2 (SARS-CoV-2), the causative agent. Thankfully, vaccination has given the exemption of movement and social gatherings. …
The regulations are getting rigid with time. It is already an uphill task for companies to formulate business strategies that are in line with the compliance structures of their local regulatory bodies. …
