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

Amazon’s Self-Publishing Service A Target for Fraudsters

Amazon’s Self-Publishing Service A Target for Fraudsters
Amazon’s Self-Publishing Service A Target for Fraudsters
February 23, 2018  |  Amazon

Authors using Amazon’s self-publishing service have more on their minds than selling books: Reports have surfaced that some have become the target of cybercriminals. Get...

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Latvia’s Central Bank Rocked By Bribery, North Korean Sanction Violations
Latvia’s Central Bank Rocked By Bribery, North Korean Sanction Violations
February 20, 2018  |  Cross-border Payments

Latvia’s banking system is facing more issues. Not only did one bank have to request emergency support after U.S. officials accused it of helping to...

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Treasury Eyes Cryptocurrencies For Money Laundering
Treasury Eyes Cryptocurrencies For Money Laundering
January 18, 2018  |  Legal & Regulation

The U.S. Treasury’s financial crime unit is picking up enforcement of cryptocurrency platforms that don’t have strong internal mechanisms in place to prevent money laundering,...

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Congress Out To Reform AML Regs
Congress Out To Reform AML Regs
January 04, 2018  |  Legal & Regulation

The Senate Banking Committee’s first hearing of 2018 shows that Congress is interested in reforming illegal financing and money laundering regulations this year. Get the...

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Mexico AML Found Deficient
Mexico AML Found Deficient
December 20, 2017  |  Cybersecurity

The Financial Action Task Force (FATF), an international organization that sets the standards for fighting money laundering, found that Mexican prosecutors are failing to punish...

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NY Woman Charged With Laundering Bitcoin … To ISIS
NY Woman Charged With Laundering Bitcoin … To ISIS
December 15, 2017  |  Cybersecurity

A Long Island woman has been indicted on money laundering charges after she allegedly funneled $85,000 through bitcoin and other cryptocurrencies to ISIS. Get the...

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Russian Hacker Hit With Nine-Year Jail Sentence For Targeting UK Companies
Russian Hacker Hit With Nine-Year Jail Sentence For Targeting UK Companies
December 05, 2017  |  B2B Payments

A Russian hacker who was able to steal more than $2.7 million from businesses in the U.K. has been sentenced to nine years in jail,...

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UK Expands Anti-Money Laundering Rules To Cover Crypto
UK Expands Anti-Money Laundering Rules To Cover Crypto
December 05, 2017  |  Bitcoin

The U.K. is aiming to boost regulation of bitcoin and other cryptocurrencies by giving the European Union (EU) expanded anti-money laundering rules that would require...

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