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

Malaysian PM: Goldman Bankers ‘Cheated’ The Country
Malaysian PM: Goldman Bankers ‘Cheated’ The Country
November 14, 2018  |  International

Malaysian Prime Minister Mahathir Mohamad has alleged that Goldman Sachs “cheated” the country regarding a state fund for 1Malaysia Development Bhd (1MDB), and that U.S....

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EU Ups Bank Supervision To Stem Money Laundering
EU Ups Bank Supervision To Stem Money Laundering
November 13, 2018  |  Regulation

European Union governments have reached a preliminary deal to bolster bank supervision in the hopes of preventing money laundering. Get the Full Story Complete the...

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French Prosecutors Call For UBS To Pay 3.7B Euros For Tax Evasion
French Prosecutors Call For UBS To Pay 3.7B Euros For Tax Evasion
November 08, 2018  |  International

UBS, the Swiss bank, is facing calls from French prosecutors to pay a fine of 3.7 billion euros for what it contends is helping wealthy...

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Department Of Justice Announces Indictments In 1MDB Fund Scheme
Department Of Justice Announces Indictments In 1MDB Fund Scheme
November 01, 2018  |  Security & Fraud

The U.S. Justice Department announced Thursday (November 1) a three-count criminal indictment charging two individuals in a conspiracy to launder billions of dollars embezzled from...

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OCC Fines Capital One $100M Over AML Lapse
OCC Fines Capital One $100M Over AML Lapse
October 24, 2018  |  Regulation

The Office of the Comptroller of the Currency (OCC) announced that it has fined Capital One $100 million due to shortcomings in the company’s Bank...

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Scandal-Ridden Danske Handled More Than $1T In X-Border Payments
Scandal-Ridden Danske Handled More Than $1T In X-Border Payments
October 23, 2018  |  Security & Fraud

Danske Bank, which is involved in a 200 billion euro ($230 billion) money laundering scandal in Estonia, revealed that it processed more than $1 trillion...

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Bitcoin Daily: Feds Promise AML Crypto Regulation By June 2019
Bitcoin Daily: Feds Promise AML Crypto Regulation By June 2019
October 21, 2018  |  Bitcoin

The Financial Action Task Force (FATF) announced that it will get one step closer to creating international standards for cryptocurrency when it launches its first...

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Why Digital ID Is A Sports-Gambling Sure Bet
Why Digital ID Is A Sports-Gambling Sure Bet
October 16, 2018  |  Fraud Prevention

Few things make a sporting event more interesting than wagering a few bucks (or more) — whether it be a football game between two mediocre...

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Today In Data: Offering Innovations In Risk-Rich Environments
Today In Data: Offering Innovations In Risk-Rich Environments
October 15, 2018  |  Today In Data

Where there are underserved consumers looking to enter the digital ecosystem, there are innovators big (and, in some cases, very big) and small looking to serve them. But...

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