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

Sweden’s Financial Regulator: ‘We Can Do More’ On Bank Oversight

Sweden’s Financial Regulator: ‘We Can Do More’ On Bank Oversight
Sweden’s Financial Regulator: ‘We Can Do More’ On Bank Oversight
March 07, 2019  |  Legal & Regulation

Sweden’s financial regulator, the Swedish Financial Supervisory Authority, said it needs to pick up its oversight of Swedish banks when it comes to money laundering....

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Bitcoin Daily: Japan Banks Launch Digital Wallet; Canadian Court Will Hear First-Ever Bitcoin Expert Witness
Bitcoin Daily: Japan Banks Launch Digital Wallet; Canadian Court Will Hear First-Ever Bitcoin Expert Witness
March 07, 2019  |  Bitcoin

Japanese bank Mizuho, as well as around 60 other financial institutions (FIs), have launched a new digital wallet called J-Coin Pay. According to Quartz, the...

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Authorities Investigating Dutch Ties To Billions In Laundered Money
Authorities Investigating Dutch Ties To Billions In Laundered Money
March 06, 2019  |  Cybersecurity

Dutch prosecutors are investigating whether banks in the country were part of a huge money laundering operation in Russia, according to a report by Reuters....

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Swedbank CEO ‘Humble’ After Laundering Claims
Swedbank CEO ‘Humble’ After Laundering Claims
March 06, 2019  |  Banking

Swedbank’s CEO has admitted to making some mistakes when handling money laundering allegations against the bank. Get the Full Story Complete the form to unlock...

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Prince Charles’ Charity Funded By Company With Russian Ties
Prince Charles’ Charity Funded By Company With Russian Ties
March 05, 2019  |  Cybersecurity

A charity run by Prince Charles received donations from a company used to transfer large amounts of cash from Russia. According to The Guardian, investigators...

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UK Fines Countrywide In AML Crackdown
UK Fines Countrywide In AML Crackdown
March 05, 2019  |  Legal & Regulation

U.K. estate agent Countrywide has been fined £215,000 (more than $283,000 USD) for failing to comply with the country’s money laundering prevention rules. Get the Full...

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Bitcoin Daily: Bitcoin Falls To Lowest Price In Two Weeks; Hackers Use WEX Exchange To Launder Bitcoin
Bitcoin Daily: Bitcoin Falls To Lowest Price In Two Weeks; Hackers Use WEX Exchange To...
March 04, 2019  |  Bitcoin

Bitcoin has had its ups and downs over the last few weeks. Right now, it’s on a down, with prices falling as much as 2.5...

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Nordea Accused Of Handling $790M In Suspicious Transactions
Nordea Accused Of Handling $790M In Suspicious Transactions
March 04, 2019  |  Cybersecurity

Nordea, the biggest bank in the Nordic region, is being accused of handling millions of dollars in suspicious transactions for several years. Get the Full...

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