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

Brazil Bank Managers Suspected Of Money Laundering Involvement
Brazil Bank Managers Suspected Of Money Laundering Involvement
September 27, 2019  |  Security & Fraud

Police in Brazil have raided the residences of managers of Banco do Brasil in connection to their part in a money-laundering scam worth $48 million....

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Former Danske Bank Chief Found Dead Amid Money Laundering Scandal
Former Danske Bank Chief Found Dead Amid Money Laundering Scandal
September 25, 2019  |  Security & Fraud

The former head of Danske Bank’s arm in Estonia has been found dead days after he disappeared, The Wall Street Journal reported on Wednesday (Sept. 25).  Police...

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Hunt Continues For Missing Ex-Danske Bank Exec
Hunt Continues For Missing Ex-Danske Bank Exec
September 24, 2019  |  Safety and Security

Aivar Rehe, the 56-year-old former executive of Danske Bank who was in charge during a 200 billion euro money laundering operation that made global headlines,...

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For AML, Three ‘I’s: Innovation, Interoperability … And Identity
For AML, Three ‘I’s: Innovation, Interoperability … And Identity
September 24, 2019  |  Security & Fraud

If the backbone of digital commerce is trust, here are a few vertebrae: innovation, interoperability and identity. Zac Cohen, general manager at Trulioo, tells Karen Webster...

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Libra To Face Strict Standards To Prevent Money Laundering, Terrorism Financing
Libra To Face Strict Standards To Prevent Money Laundering, Terrorism Financing
September 10, 2019  |  Cryptocurrency

The Geneva-based, Facebook-led Libra cryptocurrency will have to adhere to stringent regulations, Reuters reported on Tuesday (Sept. 10). U.S. Under Secretary of Terrorism and Financial...

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US Congress Discovers Alleged Flaws In Deutsche Bank Controls
US Congress Discovers Alleged Flaws In Deutsche Bank Controls
September 08, 2019  |  Regulation

U.S. congressional investigators have found possible failures in Deutsche Bank AG’s money laundering controls. Sources familiar with the matter told Reuters that Deutsche Bank handed...

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Head Of Swedbank Won’t Let Probes Compromise Clients’ Privacy
Head Of Swedbank Won’t Let Probes Compromise Clients’ Privacy
August 29, 2019  |  Banking

Swedbank’s new CEO says that while transparency is a goal after his predecessor misled the public about money laundering, he still has to protect clients’...

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Swedish Watchdog To Publish Results Of Swedbank Probe In 2020
Swedish Watchdog To Publish Results Of Swedbank Probe In 2020
August 23, 2019  |  AML

There won’t be any answers until next year regarding the ongoing investigation of the Swedish Financial Supervisory Authority (FSA) and money laundering in the Baltics,...

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DOJ Charges Nigerian Email Scammers
DOJ Charges Nigerian Email Scammers
August 22, 2019  |  Legal

The U.S. Justice Department has announced charges against 80 people, most of them Nigerians, in a wide-ranging fraud and money laundering operation that netted millions...

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