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Trulioo adds four new countries to identity verification coverage


Trulioo has extended the identity verification capabilities of its GlobalGateway to Bahrain, Georgia, Iceland, and Qatar.

The Financial Action Task Force (FATF) recently performed assessments of Bahrain and Iceland, finding that Bahrain needs to strengthen its foundation for effective AML and Counter Terrorist Financing (CTF) systems by further developing its risk-based measures, while Iceland needs to do more to combat money laundering. Qatar has also recently taken steps to curb increases in fraud and money laundering, and Georgia recently joined a joint Council of Europe/EU program to combat money laundering and terrorist funding by applying European and international standards.

The United Nations Office on Drugs and Crime estimates between $800 billion and $2 trillion is laundered annually around the world, and the four countries added by Trulioo all have significant challenges with fraud and money laundering, according to the announcement.

“Fraud and money laundering have hit these four countries especially hard and as a result they are navigating complex regulatory waters. Adhering to strict compliance requirements while successfully fighting financial crime is no easy task,” comments Trulioo CEO and Founder Stephen Ufford. “By extending our identity verification capabilities, organizations can quickly verify the identities of consumers in these markets, while also increasing trust, privacy, and access to digital financial services.”

By adding four new countries with a combined population of more than 8 million, Trulioo says its GlobalGateway can now instantly verify 5 billion people in more than 100 countries. The company has already added coverage of Malta, Bangladesh, the Czech Republic, Slovakia, and Poland this year.

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