The Estonian unit of Swedbank AB is a suspect in a money-laundering investigation, after a special white-collar crime investigator with Estonia’s Central Criminal Police notified the bank that Swedbank AS has been summoned, The Wall Street Journal reported on Monday (March 14). Get the Full...
The Financial Action Task Force, an intergovernmental agency that fights against money laundering, will soon put the United Arab Emirates on its so-called “gray list” over concerns the country’s leaders aren’t doing enough to squelch illegal financial activities, Bloomberg reported Thursday (March 3). Get the...
AnnaLou Tirol, deputy director of money laundering and terrorist financing watchdog Financial Crimes Enforcement Network (FinCEN), on Thursday (March 3) told attendees at AML Intelligence’s Women in FinCrime event that the group is making progress on curbing money laundering. Get the Full Story Complete the...
Crown Resorts, Australia’s largest casino operator, is accused of violating money-laundering mandates in a lawsuit filed by the country’s financial watchdog in federal court on Tuesday (March 1). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
In the latest rebuke to Russian President Vladimir Putin for invading Ukraine, British Prime Minister Boris Johnson’s government plans to pass legislation designed to curb laundering of “dirty money” that has been used to support the war, The Financial Times reported. Get the Full Story...
A recent spate of high-profile money laundering cases involving big banks in Europe has shone a spotlight on just how thieves are making off with the cash — literally. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Cryptocurrency firms Coinbase, Fidelity Digital Assets and Robinhood are among 18 virtual asset service providers (VASPs) joining the Travel Rule Universal Solution Technology (TRUST) platform that’s working to ensure digital assets comply with global anti-money laundering (AML) rules, CoinDesk reported Wednesday (Feb. 16). Get the...
Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you agree to receive marketing communications from PYMNTS and...
More digital banking services mean more of an opportunity for identity theft. In the AML/KYC Tracker, Tom Curran, chief risk and compliance officer at Upgrade, explains how using data combined with biometric tech has helped reduce fraud at account opening in a secure, compliant way.
