Criminals and organized crime groups have become creative and sophisticated in concealing sources of funds without getting suspected by the regulatory authorities. The need to mask illicit gains as legal income has manifested multiple commonalities in the money laundering stages. According to the United Nations – Office on Drugs and Crime, around US$800 million…

The digitisation of KYC was inevitable, but the COVID-19 pandemic accelerated what would have otherwise taken years. Banks and other financial service providers, already prime targets for identity fraud, were some of the first to adopt remote KYC solutions out of necessity. Since then, video interview KYC has become one of the most effective ways…

Verifying identities with advanced biometrics was already a challenge—then along came AI-generated deepfakes, digital impersonations of people. Deepfake fraud is a predictable byproduct of the rapid development and release of increasingly advanced AI technology. And as deepfakes grow increasingly easy to create and more difficult to spot, they are becoming more stealthy and dangerous. According…

The foreign exchange (Forex) market stands apart as the largest and most liquid financial market in the world. Unlike traditional stock markets, Forex operates in a decentralized manner, with currency pairs such as EUR/USD being traded 24 hours a day throughout the work week. This near continuous activity and high liquidity create both opportunities and…

Introduction
The identity verification and authentication landscape is undergoing a rapid transformation, driven by advancements in artificial intelligence, evolving fraud tactics, and increasing regulatory demands. Compliance teams must rethink their approach to identity verification to stay ahead of threats while maintaining compliance and improving user experience. This article explores key trends shaping the future of…

As fraud threats become increasingly sophisticated and regulatory landscapes evolve, businesses must stay ahead by adopting flexible, forward-thinking identity verification (IDV) solutions. At Shufti, adaptability is not just a feature—it’s a necessity. In a recent discussion, Shufti CEO Shahid Hanif shared insights on how the company is pioneering innovation in IDV by ensuring seamless integration,…

Co-founder and former CTO will work to best serve global customers and combat rising identity risks
London, UK – January 8, 2025 – Shufti, a global, award-winning, identity verification provider, announced that Shahid Hanif has been appointed as Chief Executive Officer.
Mr. Hanif co-founded Shufti and served as Chief Technology Officer since 2017, leading…