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

Border Branches Closing Over Dirty Money Concerns

Gov. Probes Citigroup About Money Laundering
Gov. Probes Citigroup About Money Laundering
February 27, 2015  |  Cross-border Payments

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...

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NY Regulators Target Money Laundering
NY Regulators Target Money Laundering
February 26, 2015  |  Cybersecurity

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...

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SWIFT Extends Sanctions Screening Service To Cover All Financial Messaging
SWIFT Extends Sanctions Screening Service To Cover All Financial Messaging
January 15, 2015  |  B2B Payments

Global financial-messaging network SWIFT has extended its Sanctions Screening service to support all messages used in financial transactions, regardless of format or financial network, according...

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