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

Gig Economy Money Laundering Shows Corporates’ KYC, AML Struggles

Gig Economy Money Laundering Shows Corporates’ KYC, AML Struggles
Gig Economy Money Laundering Shows Corporates’ KYC, AML Struggles
February 13, 2019  |  B2B Payments

Payments messaging firm SWIFT announced on Tuesday (Feb. 12) that it will now allow corporates to join its KYC Registry in an effort to facilitate the...

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Red Envelopes, Fortnite And The Rise Of Micro Money Laundering
Red Envelopes, Fortnite And The Rise Of Micro Money Laundering
February 08, 2019  |  Fraud Prevention

One of the main differences between a successful criminal and a wanna-be is that the smart one knows how to hide (often in plain sight),...

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AML Scandals Hamper Estonia’s Digital Society Ambitions
AML Scandals Hamper Estonia’s Digital Society Ambitions
February 01, 2019  |  Cybersecurity

After being implicated in one of the largest money laundering scandals ever, Estonia is struggling to realize its dream of becoming a digital society, according...

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RBS Slapped With Lawsuit Over Frozen Accounts
RBS Slapped With Lawsuit Over Frozen Accounts
January 30, 2019  |  Legal & Regulation

The Royal Bank of Scotland (RBS) is being sued by an unnamed British payments company over allegations that RBS froze accounts on suspicion of illegal...

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Fed To Investigate Deutsche Bank’s Role In Danske Bank Scandal
Fed To Investigate Deutsche Bank’s Role In Danske Bank Scandal
January 23, 2019  |  Bank Regulation

Deutsche Bank’s handling of billions of dollars in suspicious transactions from Danske Bank’s Estonian branch is raising the ire of the Federal Reserve, which is...

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Fortnite’s In-Game Currency Used In Money Laundering Schemes
Fortnite’s In-Game Currency Used In Money Laundering Schemes
January 21, 2019  |  Cybersecurity

A new report has revealed that Fortnite’s in-game currency is being used to launder money from stolen credit cards. Get the Full Story Complete the...

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Estonian Parliament Rejects Portion Of Anti-Money Laundering Proposal
Estonian Parliament Rejects Portion Of Anti-Money Laundering Proposal
January 17, 2019  |  Legal & Regulation

Estonia, a country embroiled in a money laundering scandal involving a small branch of Denmark’s Danske Bank, has rejected a critical part of proposed anti-money...

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UK Gov’t Taps Banking Heavyweights To Fight Money Laundering
UK Gov’t Taps Banking Heavyweights To Fight Money Laundering
January 14, 2019  |  Cybersecurity

Aiming to fight more financial crime, the U.K. government has recruited senior executives from Barclays, Lloyds Banking and Banco Santander. Get the Full Story Complete...

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