Kenya’s National Treasury Department forced financial and specified non-financial institutes to onboard Anti-Money Laundering (AML) compliance officers to strengthen the security against terrorist financing and prevent illicit financial flow in the country.
To protect the country from money
Shufti Pro Blogs
Latest from Shufti Pro
FCA Fines ADM Investors for Violating Anti-Money Laundering Regulations
FirstBank of Nigeria Continues Commitment to Combating Money Laundering
Chief Executive Officer of the First Bank Group of Nigeria Limited, Dr. Adesola Adeduntan, noted that they had reiterated their commitment to comply with Anti-Money Laundering (AML) compliance and due diligence to combat money laundering and safeguard the
New US Legislation Implemented to Enhance Supervision of Cryptocurrency Transactions
US lawmakers introduced a new bill, the “Off-Chain Digital Commodity Transaction Reporting Act,” to combat money laundering and increase supervision of digital currency transactions.
According to representative, Don Beyer, who introduced this new digital currency law, it will prevent the
Shufti Pro Joins Forces with Aconomy to Secure Customer Data
London, UK – September 28, 2023 – Shufti Pro, a leading IDV service provider, has partnered up with Aconomy, a truly decentralised real-world asset-backed DEX, revolutionising asset trading on-chain by dematerialising pre-owned real-world assets as asset-backed NFTs. This
Shufti Pro Introduces the Most Powerful e-IDV Update | Eradicating ID Spoofing from the Digital World
London, UK – September 27, 2023 – Shufti Pro, an award-winning identity verification service provider, proudly launched e-IDV (Electronic Identity Verification) to stay ahead of the evolving tactics of online scammers. Users will no longer be required to scan the
Shufti Pro Enhances Biometric Authentication Through Advanced Depth Sensing Technology
London, UK – September 27, 2023 – Shufti Pro, an award-winning IDV service provider is announcing its recent upgrades in the biometric section. The newer authentication system is even more secure than ever, deterring identity fraud and financial crimes to
US Crypto Industry Faces Pushback on Implementation of Crypto-Friendly Legislation
The US crypto firms visited Capitol Hill to push their industry-friendly regulations however, this may face pushback due to the federal budget and Senate crackdown on money laundering through crypto.
Crypto companies in the US are working hard to issue
UK Regulatory Authorities Warns Crypto Firms to Comply with Latest AML Obligations
The UK regulatory department, Financial Conduct Authority (FCA), has warned cryptocurrency platforms to comply with their new laws and follow registration requirements.
The FCA warned all digital assets businesses that are not upholding their new measures for registration;
Know Your Investor | Simplify the Onboarding Process
Businesses at any stage need to onboard credible partners and investors who bring in capital and benefit the company’s future perspective as well as participate in the growth. However, in our digital era and with the availability of artificial intelligence,