Report form the Global Economic Crime Survey listed document fraud as the top 8 of concealment methods used by fraudsters in 2018 which has led to a total loss of about $4 trillion in revenue in that year alone. Over two million lives are lost annually due to invasion by impostors who pose as qualified health practitioners and public sector procurement fraud in government institutions accounted for 32% of fraud cases in Rwanda in 2018. We may have to forget about social inclusion and shared prosperity if these problems persist without any solution in place.
Veryfy, secures correspondence, documents, attestations, agreements, probates, tenders, fiduciary instruments and obligations.
We seek to drastically reduce the occurrences of corruption in institutions like governments, financial corporations, educational establishments and health. This will have the effect of preventing monetary wastages and embezzlement. Funds can then be redirected to improving the standard of living of citizens. Additionally, protection will be given against identity thefts, helping with state revenue mobilization by checking tax evasion by corporations. A total of $4 trillion loss in tax evasion can be reduced by 90% with Psynthax’s Veryfy.
