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

China Shuts Down $64B Illegal Transaction Operation
China Shuts Down $64B Illegal Transaction Operation
November 23, 2015  |  International

Late last week China confirmed it cracked down on an “underground bank” that was responsible for moving nearly 410 billion yuan ($64 billion) in illegal...

READ MORE >
Gov. Probes Citigroup About Money Laundering
Gov. Probes Citigroup About Money Laundering
February 27, 2015  |  International

Citigroup’s Banamex USA subsidiary is the subject of two more investigations for possible money laundering, the bank reported in an annual regulatory filing the SEC...

READ MORE >
NY Regulators Target Money Laundering
NY Regulators Target Money Laundering
February 26, 2015  |  Mobile

New York bank regulators are considering massive programs to audit large banks’ cybersecurity and anti-money-laundering (AML) systems, The Wall Street Journal reported. Get the Full...

READ MORE >