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Latest articles

How to detect money laundering

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How to detect money laundering

Money laundering poses a major risk to businesses and customers in today's economy. This blog delves into the different types of money laundering, warning signs of the practice, and how regulatory compliance addresses money laundering.

Council of Europe calls on member countries to crack down on digital asset money laundering

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Council of Europe calls on member countries to crack down on digital asset money laundering

Formed in the wake of World War II, the Council of Europe is an organization that’s committed to upholding human rights, democracy, and the rule of law in Europe. The organization has specialized committees that deal with specific issues under its mandate. This includes MONEYVAL, which focuses on anti-money laundering and curbing the financing of terrorism.

Veriff's Solutions Now Available to Twisto’s Buy Now, Pay Later Clients 

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Veriff's Solutions Now Available to Twisto’s Buy Now, Pay Later Clients 

Advanced identity verification technology and know your customer offerings provide seamless verification process for Twisto customers and ensure compliance

Veriff Hosts Hackathon To Enable Company-Wide Teams To Innovate

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Veriff Hosts Hackathon To Enable Company-Wide Teams To Innovate

We did it again! Our second hackathon was full of fresh ideas, motivated participants, and positive outcomes. To give you a better overview and insight, we interviewed the organizer Kalev Rundu, Senior Product Manager at Veriff, and two Veriffians that took part. 

Veriff and Trustpilot Partner to Enhance Online Trust for Global Review Platform

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Veriff and Trustpilot Partner to Enhance Online Trust for Global Review Platform

Trustpilot has partnered with Veriff to seamlessly verify online consumer reviewer profiles. Trustpilot has already verified more than 50,000 consumers on its platform within the first months of its collaboration with Veriff.

Feds charge two 20-year-olds in alleged NFT money laundering scheme

KYC news

Feds charge two 20-year-olds in alleged NFT money laundering scheme

The ice-cream-themed NFTs involved in the scheme were known as ‘Frosties’. Early investors were promised future giveaways, access to future releases, and a metaverse game built around the brand. However, prosecutors allege that Ethan Nguyen and Andre Llacuna executed a ‘rug pull’ in January.

Hackers stole more than $600 million in crypto – but they’re struggling to launder it

KYC news

Hackers stole more than $600 million in crypto – but they’re struggling to launder it

The thieves are struggling to exchange the dirty cryptocurrency for cleaner funds. After all, governments around the world have ramped up law-enforcement efforts to seize stolen funds and bolstered money-laundering regulations for crypto exchanges. Such efforts make transferring the funds to exchanges difficult. 

NFTs: Money laundering and wash trading on the rise

KYC news

NFTs: Money laundering and wash trading on the rise

The company analyzed NFT sales to self-financed addresses and found that several NFT sellers have conducted hundreds of ‘wash trades’. These trades involve the seller being on both sides of the transaction, and they’re used to paint a misleading picture of an NFT’s value and liquidity.

EU wants anti-money laundering regulator to monitor crypto

KYC news

EU wants anti-money laundering regulator to monitor crypto

Due to fresh concerns over money laundering in the space, the European Union (EU) is aiming to bolster its oversight of the cryptocurrency industry by providing its new anti-money laundering watchdog with greater powers. 

Legislation to crack down on dirty money in the UK introduced in parliament

KYC news

Legislation to crack down on dirty money in the UK introduced in parliament

On 1 March 2022, the UK government brought forward the Economic Crime (Transparency and Enforcement) Bill. The legislation intends to clamp down on dirty money and was described by the government as a ‘landmark step’ towards doing so.

AML fines drop as regulators clamp down on crypto

KYC news

AML fines drop as regulators clamp down on crypto

The latest review found that the value of fines issued to financial services firms for AML failings globally fell from $2.2bn in 2020 to a new low of $1.6bn in 2021. For context, $3.3bn worth of fines were issued in 2018.

Tackling rising fraud risks to achieve global compliance in 2022

Webinars

Tackling rising fraud risks to achieve global compliance in 2022

Veriff’s latest webinar with Compliance Week delves into key fraud trends witnessed over 2021 and 2022, covering global markets and a variety of sectors. Speakers on the panel included Veriff's Munna Poddar and Aleksander Tsuiman.

Will money laundering become easier in the metaverse?

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Will money laundering become easier in the metaverse?

Ever since Mark Zuckerberg unveiled Facebook’s rebrand to Meta in October 2021, much of the talk in digital circles has centered on how web3.0 and the metaverse could shape the future of the internet. 

Australia at risk of becoming a haven for Russian cash due to weak money laundering laws

KYC news

Australia at risk of becoming a haven for Russian cash due to weak money laundering laws

Some experts believe that Australia is at risk of becoming a haven for cash belonging to oligarchs who are seeking to avoid sanctions. At present, the country is only one of three (alongside Haiti and Madagascar) that are yet to commit to bringing lawyers, accountants, and real estate agents under the umbrella of anti-money laundering and counter-terrorism finance laws.

China launches three-year anti-money laundering campaign

KYC news

China launches three-year anti-money laundering campaign

At the end of January 2022, China launched a three-year anti-money laundering (AML) campaign. According to a government statement, the campaign intends to safeguard national security and social stability. 

Treasury releases report on money laundering risks in the art market

KYC news

Treasury releases report on money laundering risks in the art market

When the Anti-Money Laundering Act 2020 (AMLA) was passed, the definition of a ‘financial institution’ was expanded to include anyone “engaged in the trade of antiquities, including an advisor, a consultant, or any other person who engages as a business in the solicitation or the sale of antiquities.” 

Global money-laundering operation stops $2.6 million passing through Australia’s financial institutions 

KYC news

Global money-laundering operation stops $2.6 million passing through Australia’s financial institutions 

Following a worldwide operation involving law enforcement agencies from 27 countries, 18 Australians are facing criminal charges relating to money laundering offenses.

AML fines reached $2.2 billion in 2020

KYC news

AML fines reached $2.2 billion in 2020

Studies have shown that fines for AML failings by regulated institutions were five times higher in 2020 than they were in 2019. In total, AML penalties for 2020 reached $2.2 billion.

IRS special agent sees “mountains and mountains” of fraud in NFTs and crypto

KYC news

IRS special agent sees “mountains and mountains” of fraud in NFTs and crypto

In a recent conference speech, a top special agent from the United States Internal Revenue Service (IRS) stated that although non-fungible tokens (NFTs) and cryptocurrencies are “the future”, fraud and manipulation are still rampant in the space. 

Report finds 30% increase in crypto money laundering

Report finds 30% increase in crypto money laundering

A report by blockchain data company Chainalysis has discovered that criminals laundered $8.6bn of cryptocurrency in 2021. This was a 30% increase in the amount laundered in 2020.

Biden and FinCEN aim to combat corruption with AML legislation

KYC news

Biden and FinCEN aim to combat corruption with AML legislation

In an effort to root out corruption, the Biden administration plans to issue regulations that will improve transparency in regard to beneficial ownership and real estate transactions.

100 UK-licensed electronic institutions have been red flagged for potential money laundering risk

KYC news

100 UK-licensed electronic institutions have been red flagged for potential money laundering risk

Research from Transparency International UK has revealed more than a third of UK-licensed electronic money institutions have been flagged for potential money laundering.

EU banking regulator set to strengthen remote onboarding checks

KYC news

EU banking regulator set to strengthen remote onboarding checks

While launching a public consultation on new draft guidelines, the EBA announced a raft of new measures that aim to tackle apparent inconsistencies across EU countries. These particularly relate to checks conducted by financial institutions.

Veriff Releases Enhanced Biometric Authentication Solution 

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Veriff Releases Enhanced Biometric Authentication Solution 

Veriff's enhanced Biometric Authentication offering confirms that a returning user is who they claim to be by using biometric analysis to identify and mitigate fraudulent activities such as account takeover and identity theft, eliminating user friction in the process. The solution is 100% powered by automation and can authenticate any user’s identity in one second using just a selfie.

Compliance & Conversions: How Fintechs can have both with Veriff

Reports

Compliance & Conversions: How Fintechs can have both with Veriff

Download Veriff's latest eBook, for a look at the current fraud landscape for fintechs and the effects of long-term investment in identity verification for burgeoning businesses.

Mitigating Digital Fraud Risks With Comprehensive Identity Verification

Reports

Mitigating Digital Fraud Risks With Comprehensive Identity Verification

Businesses open themselves up to more fraud if they don’t have comprehensive identity verification in place for new users, and both their conversion rates and fraud prevention suffer. According to a recent report from Gartner®, there are ways to mitigate fraud while balancing the impact these products have on user experience and budgets — but the challenge lies in choosing the right vendor. 

Meet Sacha Vasilkioti, Veriff’s FinTech Product Manager

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Meet Sacha Vasilkioti, Veriff’s FinTech Product Manager

Sacha Vasilkioti is a FinTech Product Manager at Veriff. She joined the company back in April 2019 as a Verification Team Lead, where she managed a team and scaled up the operational process.

Meet Jason Butler: Our Senior Recruiter Growing Veriff In The U.S.

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Meet Jason Butler: Our Senior Recruiter Growing Veriff In The U.S.

Veriff recently reached 500 employees globally and is expanding even more. To help our growing company, we are extremely proud and excited to have Jason Butler join our Talent Acquisition team in the U.S. 

Veriff obtains ISO 27001 certification

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Veriff obtains ISO 27001 certification

Veriff has been awarded certification against the ISO/IEC 27001:2013 standard

Caroline Mogford joins Veriff as Chief Marketing Officer

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Caroline Mogford joins Veriff as Chief Marketing Officer

Former marketing leader at Qualtrics joins Veriff’s executive team as CMO to expand strategic marketing initiatives across the globe.

What is AML transaction monitoring?

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What is AML transaction monitoring?

The actual process of monitoring transactions depends on the services your business provides. However, generally speaking, in order to monitor financial transactions, a company will create a rules-based system that’s based on their needs.

Identity fraud management

Blog

Identity fraud management

Between June 2020 and June 2021, instances of identity fraud increased by 19%. Due to this, it’s clear that identity fraud is a serious cause for concern and that businesses must have proper fraud and identity management processes in place to counter this growing threat.

How to spot a fake ID by state

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How to spot a fake ID by state

Although the quality of the forgeries has improved considerably, so has the quality of the security features used in official IDs, particularly at a state level. Now, each state has its own security features that are unique, including holograms, UV imagery and laser embossing.

How the Product Academy boosts Veriff and develops teams

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How the Product Academy boosts Veriff and develops teams

At Veriff, it’s vital to develop our teams and provide new career pathways to ensure we lead the market, offer our clients the best value, and build a better digital world for all honest users. As such, we’ve launched the Product Academy Project, where we help Veriffians gain experience in Product Management from our expert team, enabling them to take part in meaningful projects that have a beneficial impact on our service.

The history of ID

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The history of ID

To show you how IDs have evolved, in this blog we’ll take a detailed look at the history of ID. From the Babylon Empire to the current day, we’ll examine not only how ID has changed over the years, but also how these older forms of ID were verified.  

Financial Conduct Authority finds challenger banks are not doing enough to fight financial crime

KYC news

Financial Conduct Authority finds challenger banks are not doing enough to fight financial crime

The Financial Conduct Authority (FCA) has warned challenger banks that they need to stop cutting corners when attempting to combat financial crime. Currently, the regulator believes that processes that allow customers to set up accounts quickly and easily are stopping challenger banks from conducting appropriate checks. 

‘Alarming’ AML laws prompt protests from EU crypto firms

News

‘Alarming’ AML laws prompt protests from EU crypto firms

The crypto sector has written to European Union finance ministers and lawmakers, asking them to rethink anti-money laundering rules it believes are “burdensome” and “alarming”. 

The Paypers Financial Crime and Fraud Report 2022 is now live!

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The Paypers Financial Crime and Fraud Report 2022 is now live!

Veriff contributed to the 2022 edition of The Paypers Financial Crime and Fraud Report, which shares expert insights and best practices of fraud prevention and risk management. The report also includes an exclusive interview with our CPO and Co-Founder, Janer Gorohhov. Download it today!

Analyzing The Total Economic Impact™ Of Veriff

Webinars

Analyzing The Total Economic Impact™ Of Veriff

Veriff’s latest webinar draws on a study conducted by Forrester on an organization using Veriff, outlining the cost savings and other benefits realized over a period of time. Rachel Ballard, TEI Consultant at Forrester, delves into the topic further.

Reaching $1.5 billion in a year with Veriff CFO Amish Mody

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Reaching $1.5 billion in a year with Veriff CFO Amish Mody

In early 2021, we welcomed Amish Mody to the team as our new Chief Financial Officer. During his first 12 months at Veriff, he has been the mastermind behind our $69m Series B and $100m Series C rounds. His efforts together with the team, have helped to bring Veriff across the magical $1b dollar line to become a unicorn.

How to create an identity verification process

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How to create an identity verification process

Anti-money laundering (AML) and know your customer (KYC) requirements are unique for each business. As a result, it’s vital that you design and create an identity verification process that suits your specific needs and requirements. 

What does verification of employment statement mean?

Blog

What does verification of employment statement mean?

The best way to start the employment verification process is with the candidate themselves and their resume/personal statement. Using this information, you can build a profile of them and their work history. You can also work out exactly who you need to speak to for more information.

Veriff Identity Verification Solutions Now Available to Alloy Identity Decisioning Platform Clients

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Veriff Identity Verification Solutions Now Available to Alloy Identity Decisioning Platform Clients

Veriff will provide Alloy customers with additional identity verification capabilities and KYC solutions to leverage during client onboarding.

Meet Amber Rucker - A Conversation with Our Head of Design

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Meet Amber Rucker - A Conversation with Our Head of Design

Having worked internationally for years, U.S.-born Amber Rucker currently resides in Barcelona as our Head Of Design. She discusses her passion for design and development, what attracted her to Veriff, and much more.

How to spot a fake ID

Blog

How to spot a fake ID

The process of forging ID cards has become much simpler in recent years. This is because most homes in the UK now have access to low-cost high-resolution printers, scanners, and basic photo-editing software. But, what is a fake ID? And what does a fake ID look like? Here, we answer both of these burning questions and take a deep dive into the world of UK fake IDs. 

The Metaverse Future: Parents' views on keeping their children safe online

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The Metaverse Future: Parents' views on keeping their children safe online

73% of parents believe that online identity verification should be a legal requirement for social media platforms

Fraud in Q1 2022: What you need to know

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Fraud in Q1 2022: What you need to know

It’s safe to say that fraud has been the talk of Q1! From Netflix’s The Tinder Swindler and Inventing Anna to the BBC’s story on Madbird, these strange, complex and intriguing cases have been a hot topic among our teams. In light of the topic we took a look at what happened in Q1 2022. Here’s what we found out.

Veriff enhances Face Match with new authentication capabilities

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Veriff enhances Face Match with new authentication capabilities

Veriff has released a newly enhanced version of its Face Match identity verification solution utilizing facial biometrics to match the returning user. 

How Veriff is building trust through tackling bias

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How Veriff is building trust through tackling bias

At Veriff, our mission is to build trust and transparency online, helping businesses and honest users overcome the risks posed by bad actors. As such, we’re tackling the issue of bias to provide a more secure, seamless, and inclusive service.

Veriff streamlines hiring processes with HR-focused identity verification offering

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Veriff streamlines hiring processes with HR-focused identity verification offering

The new verification solution enables HR teams and staffing firms to cut costs and recruit faster while building trust and creating a smoother application process for candidates.

Finding Best Practices to Prevent Online Fraud - An Interview With Munna Poddar

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Finding Best Practices to Prevent Online Fraud - An Interview With Munna Poddar

Munna Poddar is a Fraud Product Manager at Veriff. Originally, he is from India, but he came to Estonia in March 2020 to continue his career at Microsoft. 

Guide to identity access management tools

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Guide to identity access management tools

Discover everything you need to know about identity access management (IAM) in our handy guide. We’ll take a detailed look at what IAM is, the benefits it can provide for your business, and the best IAM tools available on the market today. We’ll also show you exactly how (and why) you should get started with Veriff. 

What does FINRA do?

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What does FINRA do?

Here at Veriff, our customers often ask us questions like “What does FINRA do?”, “Who is FINRA?”, and “What are the benefits of FINRA?” Well, in this guide, we’ve answered all these key questions and more. Plus, if you’re subject to FINRA oversight, we’ve also outlined how we can help you satisfy FINRA rules. 

Achieving KYC compliance: here’s why, and here’s how

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Achieving KYC compliance: here’s why, and here’s how

In this article, we’ll cover the ins-and-outs of Know Your Customer (KYC) compliance and how to comply with KYC requirements in your organization.

What are the 3 stages of money laundering?

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What are the 3 stages of money laundering?

However, the actual process of laundering money is more complex than this definition makes it sound. In fact, there are 3 stages of money laundering, and each of these contains its own complexities. With this in mind, let’s take a look at each stage in greater detail.

KYC & due diligence in AML compliance: what you need to know

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KYC & due diligence in AML compliance: what you need to know

The importance of KYC and due diligence procedures have been magnified by the impact of the COVID-19 pandemic. The resulting economic turbulence is likely to result in an increase in criminal financial activity, and both KYC and due diligence activities can play a leading role in shutting down that activity before it can have any harmful effects.

Anti-money laundering guidelines — what are they?

Blog

Anti-money laundering guidelines — what are they?

With the nature of financial crime evolving all the time, and regulations around the world being adjusted at a similar pace, complying with AML requirements is a constantly moving target. It’s therefore vital that all companies required to meet anti-money laundering guidelines regularly review their processes to ensure they continue to comply.

Blockchain.com & Veriff: Making crypto as safe as possible

Case studies

Blockchain.com & Veriff: Making crypto as safe as possible

Giving people the tools they need to keep their digital assets secure is going to become more and more important as we enter this new age of digital ownership. We’re excited to be partners of Veriff, and excited to see where the internet goes over our next three years together.

Our Metaverse Identity Solution

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Our Metaverse Identity Solution

The metaverse has been a topic of conversation for decades, with novelist Neal Stephenson coining the term in his 1992 bestseller ‘Snow Crash’. More recently, Facebook’s rebrand to ‘Meta’ has seen even more people talking about the metaverse and what immersive virtual reality might look like.

Meet Mert Celik - A Conversation with Our Engineering Team Lead

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Meet Mert Celik - A Conversation with Our Engineering Team Lead

In 2014, Mert Celik moved from Turkey to Estonia to complete a Master’s degree in Software Engineering, and joined the Veriff team after graduation. Discover how his career started, what attracted him to Veriff, and his day-to-day experiences in the role.

The Future of Biometric Technology — What’s Next?

Blog

The Future of Biometric Technology — What’s Next?

Biometrics, in short, is a way of identifying and verifying individual people by analyzing biological characteristics that are unique to them. By assessing indisputable data about a person that differentiates them from others, the person or organization assessing them can be 100% that they’re dealing with who they think they’re dealing with.

How to beat identity fraud

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How to beat identity fraud

We believe that one day the world will be ready for a single digital identity that transcends borders and gives people rightful ownership of their data. Until then, our identity verification platform prevents fraud and helps to safeguard customers and businesses alike.

The Total Economic Impact™ of Veriff

Reports

The Total Economic Impact™ of Veriff

Forrester Consulting conducted a commissioned Total Economic Impact™ (TEI) study on behalf of Veriff about the potential benefits of using Veriff’s Identity Verification Platform.

EU banking regulator set to strengthen remote onboarding checks

Blog

EU banking regulator set to strengthen remote onboarding checks

Allied to this, remote onboarding is a central pillar of the EU’s 2020 digital finance strategy. Due to this, a unified regulatory approach is needed to provide clarity and consistency about what is, and what is not, allowed in a remote and digital context within the union.

Where next? Knowing your customer in emerging markets

Webinars

Where next? Knowing your customer in emerging markets

Veriff’s latest webinar brings expert analysis together to discuss the shifting landscape of the biggest jurisdictions that will help deliver growth for different sectors, such as gaming and online gambling, in the coming years.

Veriff pledges 1 million free verifications to support Ukraine

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Veriff pledges 1 million free verifications to support Ukraine

Veriff is donating 1 million verifications to organizations who wish to use these to help people affected by the conflict, such as money transfer services to Ukraine, accommodation or relocation services for refugees.

100 UK-licensed electronic institutions have been red flagged for potential money laundering risk

Blog

100 UK-licensed electronic institutions have been red flagged for potential money laundering risk

Research from Transparency International UK has revealed more than a third of UK-licensed electronic money institutions have been flagged for potential money laundering. In a December 2021 report, the association claimed that the payments industry could become a “major gateway” for illicit funds from around the world unless it faces stricter enforcement.

Biden and FinCEN aim to combat corruption with AML legislation

Blog

Biden and FinCEN aim to combat corruption with AML legislation

The U.S. Strategy on Countering Corruption lays out several areas that would benefit from increased regulation. Specifically, the U.S. government wants to “identify bad actors hiding behind opaque corporate structures” like shell companies, which are a favored vehicle for corruption-related money laundering. 

IRS special agent sees “mountains and mountains” of fraud in NFTs and crypto

Blog

IRS special agent sees “mountains and mountains” of fraud in NFTs and crypto

During the 2021 fiscal year, IRS investigators seized $3.5 billion worth of cryptocurrencies tied to financial crimes. This accounted for 93% of all the assets seized by the division in that time frame. 

Meet Madis Pink: An interview with Veriff's Senior Developer Experience Engineer

Our people

Meet Madis Pink: An interview with Veriff's Senior Developer Experience Engineer

Madis Pink is a Senior Developer Experience Engineer at Veriff. He is from Estonia, and he joined the Veriff team back in July 2019 as an Android Engineer. Before that, he worked with many global tech companies on various successful projects. These companies include Skype, Spotify, Fortumo, and more.

Best Practices: Biometrics and which industries are capitalizing on the technology

Reports

Best Practices: Biometrics and which industries are capitalizing on the technology

Biometric authentication is making legacy authentication processes obsolete, with its endless benefits across industries. Facial recognition, fingerprint scanning, and voice recognition — to name a few — help streamline processes, deter fraud, and keep people safe amid the global pandemic. 

Best Practices: Biometrics and how businesses are harnessing its power

Reports

Best Practices: Biometrics and how businesses are harnessing its power

Biometrics has moved beyond just fingerprinting to open your iPhone. This technology has become a common place for both customer experiences and day-to-day business operations, and the global pandemic has only sped up adoption across industries. 

Veriff unveils healthcare-focused identity verification offering

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Veriff unveils healthcare-focused identity verification offering

Veriff has released a new suite of identity verification solutions built specifically for the healthcare industry to keep private health information and patients safe

Pre-checking Identity for Employment: A 101 Guide with Veriff

Blog

Pre-checking Identity for Employment: A 101 Guide with Veriff

Veriff’s technology is suitable for virtually any business application where checking someone’s identity — be they an employee, a customer or a supplier — is important. But for pre-employment identity checks in particular, there are a host of crucial benefits that business users can gain from.

Veriff Rolls out Sabbaticals for its Teams Across the Globe

Our people

Veriff Rolls out Sabbaticals for its Teams Across the Globe

We believe that in order to live a fulfilling and impactful life, our employees could benefit from longer breaks every once in a while. Our Sabbatical Program allows every Veriff employee whose tenure is longer than three years in the company to take six weeks of fully paid time away from work. 

An Overview of EU AML Regulations

Blog

An Overview of EU AML Regulations

We take a detailed look into the current anti-money laundering regulations in the European Union, and what they mean for your business on a daily basis.

How Veriff is Building Trust and Simplifying Telemedicine

Blog

How Veriff is Building Trust and Simplifying Telemedicine

Veriff provides trust and safety in virtual healthcare and telemedicine by harnessing biometric identity verification and authentication. Our technology protects online health records, authenticates identities quickly and accurately for virtual healthcare providers, streamlines health insurance claims, ensures prescription security, and a host of other benefits for the telemedicine world. 

Veriff now supports Cyrillic documents

Blog

Veriff now supports Cyrillic documents

We’re happy to announce that we’ve now rolled out Cyrillic document support for our clients, giving wider access to identity documents and supporting users who couldn’t previously get verified, because they had only cyrillic-based documents, to go through IDV process seamlessly where languages using Cyrillic alphabets are spoken. 

Meet Angela González: Veriff’s Senior Recruiter helping expand our Barcelona hub

Our people

Meet Angela González: Veriff’s Senior Recruiter helping expand our Barcelona hub

We’re excited to have Angela González join us as senior recruiter to help us grow in Barcelona.

$10 billion stolen in DeFi scams and thefts in 2021

KYC news

$10 billion stolen in DeFi scams and thefts in 2021

Decentralized Financial images are proving attractive due to the growth and evolution of blockchain technology. However it's users are losing a lot of money to criminal activity. How can they make their assets more secure?

 3 Ways Veriff’s Face Match Protects Users' Data

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 3 Ways Veriff’s Face Match Protects Users' Data

Happy Data Privacy Day! A holiday, as you can imagine, is very important at Veriff. We have a front-row seat to the ever-growing online world, which means more and more personal information is living online. With an increasingly digital world comes a host of bad actors looking to infiltrate private data of both individual people and corporations. 

Veriff Closes $100M Series C Funding Round

Blog

Veriff Closes $100M Series C Funding Round

The new financing will be used to accelerate Veriff’s global growth and invest in R&D, especially to advance product expansion.

BitcoinPoint becomes the first crypto-asset firm registered with the FCA to offer an ATM cash-out facility

KYC news

BitcoinPoint becomes the first crypto-asset firm registered with the FCA to offer an ATM cash-out facility

The London-based company takes a massive step in making Bitcoin easily available to new retail customers, and more attractive with the easy 'cash-out' option.

Veriff Partners with Starship to Create a Fully Autonomous Delivery Service for Age Restricted Items

Case studies

Veriff Partners with Starship to Create a Fully Autonomous Delivery Service for Age Restricted Items

Veriff adds an extra layer of safety and security to Starship’s delivery services, making it the first company in the world to create a fully autonomous end to end delivery service for age restricted items. 

How can we stop the NFT marketplace being used for money laundering?

KYC news

How can we stop the NFT marketplace being used for money laundering?

NFTs are a hot news topic, being spoken about in all corners of the internet. But how can we make them more secure, and less open to exploitation by online fraudsters and criminals?

How does Veriff look in 2022 - A year-end verification flow update

Product updates

How does Veriff look in 2022 - A year-end verification flow update

As we were laser-focused on offering the best verification experience out there, we failed to offer any exciting updates about how our verification flow evolved throughout 2021. But now we're here to do just that!

What have Veriff been up to in 2021? - A year-end product update

Product updates

What have Veriff been up to in 2021? - A year-end product update

Our product updates were quiet for much of 2021, so we decided to hit you with a year's worth of updates in one magnificent blog. Get all the info on what we changed in Veriff Station and our verification systems throughout much of the last year.

How Veriff is building a trustworthy system for digital education

Blog

How Veriff is building a trustworthy system for digital education

Why might educational institutions need online identity verification? We're here to enlighten you - and to explain why Veriff can have a crucial role in helping schools, universities, and many others to know their students.

What happened with fintech and fraud in 2021?

Blog

What happened with fintech and fraud in 2021?

We published our 2021 Fraud Report in early December, and it's time to take a closer look at the impact online identity fraud had on the fintech industry throughout last year.

Fintech Fraud 2021

Webinars

Fintech Fraud 2021

It's webinar time again! And this time we're taking a deep dive into our latest fraud report to discuss last year's fraud trends, what we learned from them, and what we're watching out for in 2022.

What happened with fraud and crypto in 2021?

Blog

What happened with fraud and crypto in 2021?

We published our 2021 Fraud Report in early December, and it's time to take a closer look at the impact online identity fraud had on the crypto industry throughout last year.

Veriff Joins AWS Partner Network

Case studies

Veriff Joins AWS Partner Network

Veriff accelerates its AI-powered identity verification platform’s journey to the cloud with Amazon Web Services (AWS)

Money Laundering Reporting

Blog

Money Laundering Reporting

Our blogs have looked in depth at what money laundering is - but how do you report it when you find it happening? This is what we dive into here, and hopefully you'll know exactly what to do once you've read our blog.

2021 Marks a 20X Growth in the U.S. and a Number of New Senior Level Hires in Veriff

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2021 Marks a 20X Growth in the U.S. and a Number of New Senior Level Hires in Veriff

Veriff has had an incredible 2021, growing at a remarkable rate, smashing our verification records on a weekly and monthly basis, and welcoming more fantastic new talent to the team. Find out all the details in this blog.

Veriff Releases Metaverse-Focused Identity Verification Solution

Blog

Veriff Releases Metaverse-Focused Identity Verification Solution

As the world moves towards building a more immersive digital world — as we build the architecture for the metaverse — Veriff is at the forefront of making our digital world safer.

AML fines reach $1.9 billion in 2021 but could rise further in coming years

KYC news

AML fines reach $1.9 billion in 2021 but could rise further in coming years

Banks and financial institutions have been issued anti-money laundering fines of over $1.9 billion this year alone. But is this just a hint towards a rising trend, and how quick will banks get a handle on things?

Criminals are using bitcoin ATMs for scams and money laundering schemes

KYC news

Criminals are using bitcoin ATMs for scams and money laundering schemes

As the popularity of bitcoin, and cryptocurrencies, continues to soar, so does the availability of bitcoin ATMs. And they're making it easier for criminals to conduct illicit activities in broad daylight. Read our blog to learn more.

FinCEN’s ransomware report reveals analysis of SAR data

KYC news

FinCEN’s ransomware report reveals analysis of SAR data

A new report from the Financial Crimes Enforcement Network, looking at suspicious activity reports from financial institutions, has revealed growth in ransomware attacks in 2021 - read our blog to discover more.

Veriff Identity Fraud Report 2021

Reports

Veriff Identity Fraud Report 2021

Our 2021 Identity Fraud Report is LIVE! Download it today to read a detailed analysis of 11 months of verifications, find out the insights we gained, and the trends we observed throughout the year.

Veriff’s 2021 Fraud Report is Now Live!

Blog

Veriff’s 2021 Fraud Report is Now Live!

It's December, which can only mean one thing - Veriff's 2021 Fraud Report is here! Read the insights from an extensive analysis of 11 months of verifications. Is fraud rising? Which industry saw the biggest growth? What's the global picture? Download it today to find out!

Why Foolproof Age Verification is Vital for Businesses to Maintain Trust

Blog

Why Foolproof Age Verification is Vital for Businesses to Maintain Trust

As e-commerce booms amid COVID-19, age verification is incredibly important to keep several industries safe. Online gambling, alcohol delivery, ride sharing, and online dating apps are just a sampling of the industries that rely on age verification. Learn how Veriff can help you with age verification in our blog. 

UK Government Announces New Economic Crime Levy

KYC news

UK Government Announces New Economic Crime Levy

As the title suggests, the British government has drafted legislation to create an Economic Crime Levy to help fight financial crime. Read the blog to discover who it affects, and when it will be introduced.

Global Growth in Gaming: Get players in new markets safely and securely

Webinars

Global Growth in Gaming: Get players in new markets safely and securely

Our latest webinar looked at global expansion in the gaming industry, and how to maintain accuracy, stay compliant, and keep things frictionless for players from across the world.

Veriff crosses the 10K line - 10,000+ documents in our database!

Product updates

Veriff crosses the 10K line - 10,000+ documents in our database!

In a major milestone for an identity verification company, Veriff passed the 10,000 document mark in our internal database. Find out how we did it, and how it helps us deliver super fast and accurate verifications.

Veriff’s Customer Identity and Access Management arms companies with safe, secure, & scaleable onboarding

Blog

Veriff’s Customer Identity and Access Management arms companies with safe, secure, & scaleable onboarding

Innovative and seamless C-IAM ensures the security of both the business and the customers. 

The Most Surveilled Cities in the World

Blog

The Most Surveilled Cities in the World

We delved into research to learn about the growth of surveillance software in US major cities, and the benefits that this poses for civilian safety.

Deel helps people work all over the world and Veriff helps make them safe and secure

Case studies

Deel helps people work all over the world and Veriff helps make them safe and secure

Deel has partnered with Veriff to add security to their awesome online platform which helps companies find and hire employees globally. They're currently used by more than 4,500 organizations in over 150 countries.

How Veriff keeps your data safe

Blog

How Veriff keeps your data safe

Veriff is in the privileged position of handling the private data of a lot of people every day. This is not something we take lightly, so we wanted to enlighten you about how we keep your personal information safe at all times.

Anti-Money Laundering Act 2020 - What it Means

Blog

Anti-Money Laundering Act 2020 - What it Means

What is the Anti-Money Laundering Act 2020? Let us explain what it means, what the processes related with it entail, and who it applies to and how.

Growing Together - Three Years for Mintos & Veriff

Case studies

Growing Together - Three Years for Mintos & Veriff

Mintos chose their first identity verification partner in 2018, Veriff, and we've been partners ever since. We chatted to their team about what made them choose Veriff, and why they've stuck with us through a significant time for their growing business.

Bank Account Verification

Blog

Bank Account Verification

How do you verify a bank account? And why would you need to? Learn more here.

NatWest faces substantial fine after admitting AML failings

KYC news

NatWest faces substantial fine after admitting AML failings

How much is the potential fine the major UK bank will have to pay? And how have they landed in such hot water? Read our KYC news blog to learn more.

Australian financial institutions concerned about AML loopholes

KYC news

Australian financial institutions concerned about AML loopholes

Several of Australia’s largest banks and financial technology companies recently spoke to the country’s senate about closing major loopholes in the country’s anti-money laundering legislation.

Veriff Launches New Account Onboarding, Arming Fintech Companies with Next-Gen Security Features

Blog

Veriff Launches New Account Onboarding, Arming Fintech Companies with Next-Gen Security Features

Learn how New Account Onboarding helps establish greater trust with customers through a seamless online user experience.

Ghana’s Gaming Commission enforces KYC verification

KYC news

Ghana’s Gaming Commission enforces KYC verification

Why has Ghana brought in mandatory KYC, and which provider is already leading they way? Find out in our latest KYC news post.

China’s top regulators ban cryptocurrency trading and mining

KYC news

China’s top regulators ban cryptocurrency trading and mining

It's the latest big news for cryptocurrencies, as China's government takes drastic action against digital trading and mining. Learn more in our KYC news post.

AML vs KYC - What’s the difference?

Blog

AML vs KYC - What’s the difference?

What do they mean? And what’s the actual difference? Discover just that in our guide, which looks at what they do, how they work & how they can help you.

Veriff Continues Global Expansion with New Barcelona Tech Hub

Blog

Veriff Continues Global Expansion with New Barcelona Tech Hub

The cat is out of the bag - Veriff is coming to Barcelona. Our new hub will open soon, and we're already looking for talent in the Catalan city. Find out more here.

Companies Leading the Way in Cyber Security

Blog

Companies Leading the Way in Cyber Security

We look into the countries with the biggest cybersecurity workforces, and highlight the most exciting businesses in the space.

"Working at Veriff is a lot of fun - no two days are the same"

Our people

"Working at Veriff is a lot of fun - no two days are the same"

We chat with Krister Kasemaa, an intern in Veriff's Product and Verification Automation teams, who recently finished up his time with the company. We ask about his life as a student, what brought him to Veriff, and what he does outside his studies.

What is KYC in Banking?

Blog

What is KYC in Banking?

Our guide breaks down the fundamentals of KYC in banking, and provides a clear actionable plan for getting started.

New proposals strengthen the EU’s anti-money laundering and countering financing of terrorism (AML/CFT) rules

KYC news

New proposals strengthen the EU’s anti-money laundering and countering financing of terrorism (AML/CFT) rules

The European Union is working hard to combat money laundering and financing of terrorism, which is why they've made a wave of new proposals to strengthen their defences. Find out all about them here.

How will the EU’s new AML authority help transform AML/CFT supervision?

KYC news

How will the EU’s new AML authority help transform AML/CFT supervision?

As part of recent European Union proposals to strengthen AML & CFT regulations, they will look to establish an anti-money laundering authority. When will the AMLA be launched, and what will it do? Find out here.

Why Choose Veriff as Your IDnow Alternative?

Blog

Why Choose Veriff as Your IDnow Alternative?

Veriff and IDnow both offer online identity verification to businesses who need to get to know their customers, and quickly. But what does each company offer, and how can you make the choice between them? We look into both, and offer our conclusions.

Veriff partners with Visa

Case studies

Veriff partners with Visa

We're proud to announce that we've joined the Visa Fintech Partner Connect program, to help fintechs and traditional issuers speed up their time to market and address their needs for digital-first strategies.

Veriff’s Global Mission - Next Stop Barcelona

Our people

Veriff’s Global Mission - Next Stop Barcelona

I chatted with our VP of Product, Duncan Steblyna, about how his time with Veriff has been since joining in March, the big challenges we face right now, and why he might not be in Tallinn much longer...read to find out!

How Veriff Helps Protect Financial Services Businesses

Blog

How Veriff Helps Protect Financial Services Businesses

The fintech industry and is ever-fluctuating, but Veriff is a reliable partner in safeguarding your business from fraud.

Growing Veriff with Luke Govier, Head of Talent Acquisition

Our people

Growing Veriff with Luke Govier, Head of Talent Acquisition

We chat with Luke Govier, who recently joined Veriff to help us bring more awesome talent to our team to match our growing ambitions.

What Veriff’s H1 2021 Identity Fraud Report says about the state of Mobility, Crypto, and Fintech

Blog

What Veriff’s H1 2021 Identity Fraud Report says about the state of Mobility, Crypto, and Fintech

Veriff's H1 2021 Fraud Report is live, and we break down our expert's analysis on how fraud rates are changing the crypto, fintech, and mobility spaces.

The UK Online: Safety, scams and security

Blog

The UK Online: Safety, scams and security

We surveyed over 2,000 UK residents to reveal how safe people feel online, what scams they have experienced and what safety precautions they take.

Veriff Identity Fraud Report: H1 2021

Reports

Veriff Identity Fraud Report: H1 2021

Download our brand new Fraud Report covering January to June 2021 and find out what trends have emerged throughout the year so far and which industries Veriff works with have seen the biggest growth in fraud in the first 6 months of the year.

Veriff’s H1 2021 Fraud Report is Now Live

Blog

Veriff’s H1 2021 Fraud Report is Now Live

Our H1 2021 Fraud Report is a compilation of the insights that our specialized fraud team has encountered so far during the first half of this year.

Managing a Startup Fundraising Process in Veriff

Our people

Managing a Startup Fundraising Process in Veriff

Gretlin Prukk, Executive Assistant to our CEO, recently wrote a brilliant article for Executive Support Magazine about raising our Series B fundraising earlier this year. Get a flavour of it here and read the rest in the magazine.

What is Money Laundering?

Blog

What is Money Laundering?

We look into the practice of money laundering - what it is, how it's done, and what are the consequences for money launderers and those who enable them.

Developing a Flutter Plugin for Veriff's Mobile Products

Engineering

Developing a Flutter Plugin for Veriff's Mobile Products

We delve into how Veriff created our custom Flutter plugin for our different mobile products which we offer our clients.

What is Employment Verification?

Blog

What is Employment Verification?

If you're on the search for new employees, you're going to read a lot of resumes. But you can never take them at face value, and it's crucial to know a new team member is trustworthy - which is why you need employment verification. Join us and delve into the process of getting to know potential hires.

What is Anti-Money Laundering?

Blog

What is Anti-Money Laundering?

Anti-Money Laundering, or AML, regulations exist to protect consumers all over the globe from fraud and financial crime. But what do the regulations entail, who do they apply to, and what are the crucial things to know? Let's take a look.

Veriff Expands Services to 39 Languages

Product updates

Veriff Expands Services to 39 Languages

Identity verification won't work if your customer doesn't know what they need to do. Thankfully, Veriff has you covered, as we now offer verification in 39 languages to make sure we can help people all over the world.

What is synthetic fraud & document tampering? 

Blog

What is synthetic fraud & document tampering? 

With over 9,500 government documents in our database, Veriff can verify documents nearly anywhere in the world. Our AI-powered technology is able to detect whether a government-issued identity document has certain correct features that could detect a counterfeit or altered document. 

How Veriff And Joyride Are Partnering To Combat Mobility Fraud

Case studies

How Veriff And Joyride Are Partnering To Combat Mobility Fraud

Veriff are thrilled to be partnering with leading micromobility platform Joyride to provide their customers with seamless onboarding, as well as fight increasing fraud threats making travel more convenient, responsible, and safe.

Know your customers, and now, know where they are with Veriff

Product updates

Know your customers, and now, know where they are with Veriff

Veriff is thrilled to now offer proof of address capture as part of our verification process, with the option to ask your customer or client to capture an image of a document proving their address.

Plutus partners with Veriff to Make Crypto Spendable Anywhere

Case studies

Plutus partners with Veriff to Make Crypto Spendable Anywhere

Veriff and Plutus have partnered up so they can continue their rapid growth while always knowing their customers, and helping make crypto spendable anywhere.

"It was nice to know that my colleagues had my back in my professional and personal life"

Our people

"It was nice to know that my colleagues had my back in my professional and personal life"

Braian Dias moved from Brazil to Estonia to work for Veriff as a Data Scientist. Learn about where his career started, what attracted him to Veriff, and the challenges he faces in his daily work.

Veriff in 2021: The Story So Far

Blog

Veriff in 2021: The Story So Far

We caught up with our CEO & Founder, Kaarel Kotkas, to chat about what Veriff has achieved in 2021 so far, and what we've got planned for the rest of the year.

What’s New - May 2021: Veriff’s Product Update

Product updates

What’s New - May 2021: Veriff’s Product Update

With good news, it's better late than never, and we're excited to share what we were up to back in May - the launch of our complete AML product, a new way to filter your customers, and a few extra documents added to our list.

German Commission for the Protection of Minors in the Media approves Veriff for age verification

Blog

German Commission for the Protection of Minors in the Media approves Veriff for age verification

Veriff has been approved by the “Kommission für Jugendmedienschutz” (KJM) for age verification - a huge step for our service, specifically in Germany, where Veriff will now be able to help even more companies build trust with their customers.

A Guide to the Types of Authentication Methods

Blog

A Guide to the Types of Authentication Methods

We take a look into different methods of authentication, how they work and why companies need them to maintain excellent security.

Proposed Privacy Changes in the US - California & Virginia Perspective

Blog

Proposed Privacy Changes in the US - California & Virginia Perspective

On November 3, 2020, Californians passed a ballot initiative to enact the California Privacy Rights Act (CPRA) of 2020, and then on March 2, 2021, Virginia signed the Consumer Data Protection Act (CDPA). Why is this significant? Find out in our blog.

From Tango to Tech - Andre's Journey to Veriff

Our people

From Tango to Tech - Andre's Journey to Veriff

Andre Haikal is a Technical Owner at Veriff, but he also owns a dance studio in Tallinn and took quite a journey from self-trained Engineer to the Estonian Start-Up world. Enjoy his story!

What is Identity Access Management? (IAM) | Veriff