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

Bitcoin Daily: Chinese Gov’t On Board For Building ‘Blockchain City’; Will McAfee Launch Bitcoin Debit Card?

Bitcoin Daily: Chinese Gov’t On Board For Building ‘Blockchain City’; Will McAfee Launch Bitcoin Debit Card?
Bitcoin Daily: Chinese Gov’t On Board For Building ‘Blockchain City’; Will McAfee Launch Bitcoin Debit...
April 29, 2019  |  Bitcoin

The Chinese government is backing the construction of a “blockchain city” in the shipping lane of the Malaysian Malacca Strait. Get the Full Story Complete...

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EU Watchdog Calls For Money Laundering Reform
EU Watchdog Calls For Money Laundering Reform
April 28, 2019  |  Cybersecurity

The European Banking Authority is facing calls from the financial regulation head in Europe to improve its money laundering safeguards after opting not to pursue...

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FBI: BEC Scams Stole $1.2B In 2018
FBI: BEC Scams Stole $1.2B In 2018
April 26, 2019  |  B2B Payments

BEC scams are proving lucrative, according to recent FBI reports, which found that the bad guys’ haul doubled in 2018 over 2017. Separately, in Ireland, students...

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Swedbank Faces US Investigation As Bank Acknowledges Money Laundering Mistakes
Swedbank Faces US Investigation As Bank Acknowledges Money Laundering Mistakes
April 25, 2019  |  Banking

Sweden’s oldest bank is facing investigations in the United States as it has acknowledged it hasn’t done enough to prevent money laundering. Get the Full...

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Deep Dive: Identity Verification In Online Gaming And Gambling
Deep Dive: Identity Verification In Online Gaming And Gambling
April 24, 2019  |  Authentication

Online games are growing in popularity, and regulators are starting to worry as more players are using real-world currency for in-game purchases. To fend off...

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Taking Digital Authentication To The Next Level
Taking Digital Authentication To The Next Level
April 22, 2019  |  Today In Data

Gaming companies are taking digital authentication to the next level. Smart agents are rising to bring better customer service and fraud prevention to financial institutions (FI) and other digital...

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