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

Swedish Bank SEB Shares Tumble On Money Laundering Inquiry
Swedish Bank SEB Shares Tumble On Money Laundering Inquiry
November 15, 2019  |  Security & Fraud

Shares in Swedish bank SEB fell on Friday (Nov. 15) over news that it might soon be embroiled in a money-laundering scandal, which has also...

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FinCEN Releases Advisory On FATF’s List Of AML/CFT Deficiencies
FinCEN Releases Advisory On FATF’s List Of AML/CFT Deficiencies
November 14, 2019  |  AML

The Financial Crimes Enforcement Network (FinCEN) has issued an advisory to announce an updated list of jurisdictions with anti-money laundering (AML) and Countering Financing of...

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How ‘Ghosts’ And Visuals Build Better Commerce Ecosystems
How ‘Ghosts’ And Visuals Build Better Commerce Ecosystems
November 12, 2019  |  Today In Data

“Ghost” kitchens are changing the food delivery game as shopping embraces better visual technology. Challenger banks have a hard, but increasingly clear, path to success....

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Deutsche Blew The Whistle On Its Own Russian Deal
Deutsche Blew The Whistle On Its Own Russian Deal
October 31, 2019  |  Security & Fraud

Deutsche Bank officials in the U.S. reported to federal regulators that it was concerned about a business deal with Russia, The New York Times reported...

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Bitcoin Daily: Zamna Blockchain Travel Verification Firm Raises $5M; Crypto Capital Exec Arrested For Laundering Drug Money
Bitcoin Daily: Zamna Blockchain Travel Verification Firm Raises $5M; Crypto Capital Exec Arrested For Laundering...
October 27, 2019  |  Bitcoin

Zamna announced that it has raised a $5 million seed funding round led by LocalGlobe and Oxford Capital. Get the Full Story Complete the form...

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Flight Attendants Charged With Money Laundering In Miami
Flight Attendants Charged With Money Laundering In Miami
October 23, 2019  |  Security & Fraud

Four flight attendants for American Airlines were arrested and charged with money laundering after police seized $22,671 between them at Miami International Airport on Monday...

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Libra Could Hurt Facebook’s Financing
Libra Could Hurt Facebook’s Financing
October 22, 2019  |  Cryptocurrency

Facebook’s relationship with financial institutions could be threatened if it launches its cryptocurrency Libra without fully addressing concerns over money laundering, The Financial Times (FT)...

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AML Compliance Isn’t Just Banks’ Burden
AML Compliance Isn’t Just Banks’ Burden
October 17, 2019  |  B2B Payments

Regulatory pressures and market forces are pushing the world’s financial institutions (FIs) to ramp up their anti-money laundering (AML) strategies. As this month’s PYMNTS Digital...

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AML Compliance Controls Can Be Costly
AML Compliance Controls Can Be Costly
October 16, 2019  |  Digital Banking

Recent scandals involving Deutsche Bank and Swedbank have made consumers reconsider their trust in financial institutions, many of which are scrambling to keep fraudsters out...

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