money laundering

Money laundering is the illegal process of concealing the origins of money obtained illegally by passing it through a complex sequence of banking transfers or commercial transactions.

Source: en.wikipedia.org

Feds Charge Texas Man With CARES Act Fraud

Feds Charge Texas Man With CARES Act Fraud
Feds Charge Texas Man With CARES Act Fraud
October 09, 2020  |  Cybersecurity

Federal prosecutors on Thursday (Oct. 8) charged a Dallas-area man with allegedly playing a role in a scheme that sought to fraudulently obtain $24.8 million...

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Danske Bank To Slash Jobs As Money Laundering Allegations Mount
Danske Bank To Slash Jobs As Money Laundering Allegations Mount
October 08, 2020  |  Personnel

Embroiled in a money-laundering scandal, Danske Bank plans to eliminate up to 1,600 jobs in what the Nordic bank is describing as a cost-cutting move....

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Deep Dive: How eCommerce Payments Providers Sniff Out Money Launderers
Deep Dive: How eCommerce Payments Providers Sniff Out Money Launderers
October 07, 2020  |  AML

Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

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Report: FinCEN Files Reveal Billions In Suspicious Money Flows
Report: FinCEN Files Reveal Billions In Suspicious Money Flows
September 21, 2020  |  Cybersecurity

A shocking new report reveals an underworld of corruption in the world’s banks and how governments allow it to thrive, BuzzFeed News reported. Get the...

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Wirecard Linked To Mafia Money Laundering
Wirecard Linked To Mafia Money Laundering
August 03, 2020  |  Cybersecurity

Scandal-plagued German FinTech pioneer Wirecard counted among its payments processing clients an online casino that laundered money for an arm of “one of Europe’s most...

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Bitcoin Daily: Bitcoin Tops $10K; Malaysia SC To Expand Digital Wallet Regulations
Bitcoin Daily: Bitcoin Tops $10K; Malaysia SC To Expand Digital Wallet Regulations
July 26, 2020  |  Bitcoin

Bitcoin surpassed $10,000 on Sunday (July 26) for the first time since June, hitting $10,200, Reuters reported. Get the Full Story Complete the form to...

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Wirecard Auditor Flagged KPMG Report, Saying It Needed ‘Context’
Wirecard Auditor Flagged KPMG Report, Saying It Needed ‘Context’
July 19, 2020  |  Cybersecurity

Wirecard AG’s accounting firm said an independent report failed to account for half of the German payment company’s  revenue and all its operating profit, the...

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Wirecard Exec Admits Role In German Company’s Collapse, Attorney Says
Wirecard Exec Admits Role In German Company’s Collapse, Attorney Says
July 16, 2020  |  Cybersecurity

One of the unnamed jailed executives in the Wirecard scandal has reportedly admitted guilt to the multi-billion-dollar fraud and money laundering case, according to Reuters....

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