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
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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…
The SEC Uncovers a Pyramid Scheme and Charges Multiple Individuals
The U.S. regulatory authority SEC uncovered a crypto pyramid scheme that stole approximately US$2 billion from investors, as U.S. authorities allege in criminal and regulatory proceedings against the scheme’s promoters.
Xue Lee and Brenda Chunga have been charged by the…
Harnessing the power of AML Screenings to Uncover Politically Exposed Persons [PEPs]
Since the last decade, governments and financial institutions have been trying to limit corruption, money laundering, immoral activities, and financial crimes globally. Finding a jurisdiction with little to no Know Your Customer (KYC) or Anti-Money Laundering (AML) regulations is tough.…
Elevated Business Security: A Comparative Analysis of Identity Proofing and Identity Verification
In today’s digital age, businesses must have a robust identity verification system in place that fundamentally helps them to protect themselves from advanced security threats. In 2023 alone, identity theft cost US businesses an estimated $56 billion, accounting for…
Onboarding Investors | Uncovering the Role of Digitization in 2024
Private market companies are setting their sights on retail investors and exploring technology and innovative funding structures to overcome the sector’s barriers. Such retail investors are turning to private markets for diversified risk, enhanced returns, and lower volatility. With the…
Investor Onboarding | Navigating the Challenges of Digitization
Private market companies are setting their sights on retail investors and exploring technology and innovative funding structures to overcome the sector’s barriers. Such retail investors are turning to private markets for diversified risk, enhanced returns, and lower volatility. With the…
Anti-Money Laundering (AML) Screening | Combat Online Gambling Scams Effectively
Online gambling has seen significant adoption in the past few years because of the convenience, variety of games, and social interactions it provides to users. With recent technological advancements, users can now gamble from the comfort of their homes…