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

Senate Overhauls AML Laws, Strengthens Beneficial Ownership Disclosure
Senate Overhauls AML Laws, Strengthens Beneficial Ownership Disclosure
December 11, 2020  |  AML

On Friday (Dec. 11), the U.S. Senate passed legislation that would strengthen anti-money laundering (AML) rules. The legislation would also ban anonymous shell companies. As...

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Deep Dive: Cracking Down On Cryptocurrency Exchange Cybercrime With AML/KYC Compliance
Deep Dive: Cracking Down On Cryptocurrency Exchange Cybercrime With AML/KYC Compliance
December 10, 2020  |  AML

Cryptocurrency is one of the fastest-moving industries in the digital world, with a market that was valued at $1.03 billion in 2019 and is projected...

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Today In Digital-First Banking: CSI Teams With Featurespace On AML; Pandemic Loan Deferral Programs Show Mixed Results
Today In Digital-First Banking: CSI Teams With Featurespace On AML; Pandemic Loan Deferral Programs Show...
November 30, 2020  |  Digital-First Banking

In today’s top news in digital-first banking, Computer Services, Inc. (CSI) is collaborating with Featurespace to advance a new cybercrime offering to fight money laundering,...

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CSI, Featurespace Team Up To Fight Money Laundering
CSI, Featurespace Team Up To Fight Money Laundering
November 30, 2020  |  Security & Fraud

Computer Services, Inc. (CSI) is partnering with Featurespace to advance a new cybercrime solution to fight money laundering. WatchDOG AML is a “holistic” anti-money laundering...

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Feds Charge Texas Man With CARES Act Fraud
Feds Charge Texas Man With CARES Act Fraud
October 09, 2020  |  Security & Fraud

Federal prosecutors on Thursday (Oct. 8) charged a Dallas-area man with allegedly playing a role in a scheme that sought to fraudulently obtain $24.8 million...

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Danske Bank To Slash Jobs As Money Laundering Allegations Mount
Danske Bank To Slash Jobs As Money Laundering Allegations Mount
October 08, 2020  |  Personnel

Embroiled in a money-laundering scandal, Danske Bank plans to eliminate up to 1,600 jobs in what the Nordic bank is describing as a cost-cutting move....

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Deep Dive: How eCommerce Payments Providers Sniff Out Money Launderers
Deep Dive: How eCommerce Payments Providers Sniff Out Money Launderers
October 07, 2020  |  AML

Online retail has exploded in popularity over the past 20 years, with online giants like Amazon, eBay and big-box retailers’ marketplaces becoming consumers’ go-to alternatives...

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Report: FinCEN Files Reveal Billions In Suspicious Money Flows
Report: FinCEN Files Reveal Billions In Suspicious Money Flows
September 21, 2020  |  Security & Fraud

A shocking new report reveals an underworld of corruption in the world’s banks and how governments allow it to thrive, BuzzFeed News reported. The Financial...

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Wirecard Linked To Mafia Money Laundering
Wirecard Linked To Mafia Money Laundering
August 03, 2020  |  Security & Fraud

Scandal-plagued German FinTech pioneer Wirecard counted among its payments processing clients an online casino that laundered money for an arm of “one of Europe’s most...

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