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

Allied Wallet Settles With FTC Over Fraud Charges

Allied Wallet Settles With FTC Over Fraud Charges
Allied Wallet Settles With FTC Over Fraud Charges
June 07, 2019  |  Cybersecurity

Allied Wallet, an online payment provider and a client of Wirecard, settled with the Federal Trade Commission (FTC) last month over charges that it helped...

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European Commission Investigates Past Money Laundering Cases
European Commission Investigates Past Money Laundering Cases
June 07, 2019  |  Europe

A European Union (EU) official has revealed that the European Commission (EC) is taking a close look into past money laundering cases at EU banks...

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Germany’s Watchdog Tells N26 To Boost AML Measures
Germany’s Watchdog Tells N26 To Boost AML Measures
May 23, 2019  |  Legal & Regulation

Germany’s financial markets watchdog BaFin has ordered FinTech N26 to boost its anti-money laundering (AML) controls. Get the Full Story Complete the form to unlock...

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How FIs Are Taking Anti-Money Laundering Precautions
How FIs Are Taking Anti-Money Laundering Precautions
May 20, 2019  |  AML

With one of the world’s biggest money laundering scandals just a few months old, it’s a fitting time to look into the state of security and...

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Ireland’s Growing Invoice Redirect Fraud Problem
Ireland’s Growing Invoice Redirect Fraud Problem
May 17, 2019  |  B2B Payments

Authorities in Ireland have warned businesses about a rise in “CEO fraud” that gets unwitting victims to pay up in invoice redirect fraud. Separately, individual...

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Appeal Over Swedbank Money Laundering Complaint Is Denied In Sweden
Appeal Over Swedbank Money Laundering Complaint Is Denied In Sweden
May 15, 2019  |  Cybersecurity

The appeal of an investor who campaigns against corruption in the banking industry was rejected by Sweden on Wednesday (May 15), according to a report...

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Danish Prosecutors Charge Another Former Danske Banker, Bringing Total To Nine
Danish Prosecutors Charge Another Former Danske Banker, Bringing Total To Nine
May 14, 2019  |  Cybersecurity

Prosecutors in Denmark have filed preliminary charges against another former executive of Danske Bank in relation to one of the biggest money-laundering scandals in the...

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Denmark’s Ex-Finance Regulator Charged In Money Laundering Scandal
Denmark’s Ex-Finance Regulator Charged In Money Laundering Scandal
May 13, 2019  |  Cybersecurity

Henrik Ramlau-Hansen, the former chair of Denmark’s financial regulator and former Danske Bank finance director, has been charged by Danish economic prosecutors. Get the Full...

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