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

US Looks For Int’l Support On Crypto-Linked Crime
US Looks For Int’l Support On Crypto-Linked Crime
November 26, 2018  |  Regulation

The United States, through U.S. Deputy Attorney General Rod Rosenstein, is seeking to gain international support in dealing with crimes tied to digital currencies. Get...

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Money Laundering? Dutch Police Find $400K In Washing Machine
Money Laundering? Dutch Police Find $400K In Washing Machine
November 26, 2018  |  Security & Fraud

Money laundering took on a new meaning this past week after Dutch police arrested a man who had hidden $400,000 in cash inside the drum...

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ECB To Launch Watchdog Network For AML
ECB To Launch Watchdog Network For AML
November 20, 2018  |  Bank Regulation

The European Central Bank is gearing up to launch a network of watchdogs that share information on money laundering in an effort to increase scrutiny...

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Deputy AG Calls On Regulators To Tackle Crypto
Deputy AG Calls On Regulators To Tackle Crypto
November 19, 2018  |  Cryptocurrency

To look into crimes involving digital currencies, U.S. Deputy Attorney General Rod Rosenstein is looking for international support. He took on the topic at Interpol’s...

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Changes Coming To House Financial Services Committee Under New Congress
Changes Coming To House Financial Services Committee Under New Congress
November 19, 2018  |  Regulation

Democratic Rep. Maxine Waters reportedly wants the House Financial Services Committee to go in a new direction if she leads it, which is expected from...

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Danske Bank Whistleblower Implicates Major EU Bank, US Lenders
Danske Bank Whistleblower Implicates Major EU Bank, US Lenders
November 19, 2018  |  Security & Fraud

Danske Bank whistleblower Howard Wilkinson, speaking during a public hearing at the Danish parliament Monday (Nov. 19), contended that a major European bank helped to...

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Banks Steer Clear Of X-Border Transfers
Banks Steer Clear Of X-Border Transfers
November 16, 2018  |  International

Amid stricter checks for money laundering, banks are moving away from the international money transfer practice known as correspondent banking. The shift could possibly cause...

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Danske Investigators Contact BoA, JPM
Danske Investigators Contact BoA, JPM
November 16, 2018  |  Banking

Investigators have reportedly contacted Bank of America Corp. and Deutsche Bank AG regarding transactions involving a Danske Bank branch in Estonia at the heart of a...

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Danske Scandal Could Involve US Banks
Danske Scandal Could Involve US Banks
November 14, 2018  |  Banking

A lawyer for the whistleblower in the Danske Bank money laundering scandal warns that investigators should look into whether major Western banks were involved. Get...

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