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

Appeal Over Swedbank Money Laundering Complaint Is Denied In Sweden
Appeal Over Swedbank Money Laundering Complaint Is Denied In Sweden
May 15, 2019  |  Security & Fraud

The appeal of an investor who campaigns against corruption in the banking industry was rejected by Sweden on Wednesday (May 15), according to a report...

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Danish Prosecutors Charge Another Former Danske Banker, Bringing Total To Nine
Danish Prosecutors Charge Another Former Danske Banker, Bringing Total To Nine
May 14, 2019  |  Security & Fraud

Prosecutors in Denmark have filed preliminary charges against another former executive of Danske Bank in relation to one of the biggest money-laundering scandals in the...

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Denmark’s Ex-Finance Regulator Charged In Money Laundering Scandal
Denmark’s Ex-Finance Regulator Charged In Money Laundering Scandal
May 13, 2019  |  Security & Fraud

Henrik Ramlau-Hansen, the former chair of Denmark’s financial regulator and former Danske Bank finance director, has been charged by Danish economic prosecutors. According to a...

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Fitch: AML Shortcomings Impact Bank Credit Ratings
Fitch: AML Shortcomings Impact Bank Credit Ratings
May 10, 2019  |  Security & Fraud

As part of a broader look at environmental, social and governance factors on credit scores, Fitch Group Inc. noted that shortcomings in financial crimes and...

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Money Laundering Causes Rising Canadian Home Prices
Money Laundering Causes Rising Canadian Home Prices
May 10, 2019  |  Real Estate

Home prices increased about 5 percent in Canadian province British Columbia last year thanks to money laundering. According to a report in The Wall Street Journal citing...

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Loomis To Launch Internal Money Laundering Inquiry
Loomis To Launch Internal Money Laundering Inquiry
May 09, 2019  |  Security & Fraud

Loomis, the Swedish cash handling company, said it will launch an internal inquiry into allegations it was involved in a money laundering scandal in Denmark....

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US Authorities Shut Down Deep Dot Web Amid Money Laundering Charges
US Authorities Shut Down Deep Dot Web Amid Money Laundering Charges
May 08, 2019  |  Security & Fraud

The U.S. Justice Department has brought charges against Deep Dot Web, a site that featured news, information and reviews about dark web sites and surreptitious...

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Former Danske Chief Charged In Money Laundering Scandal
Former Danske Chief Charged In Money Laundering Scandal
May 08, 2019  |  Legal

Danish prosecutors have charged the former chief executive of Danske Bank over his involvement in one of the world’s largest money laundering scandals. Thomas Borgen is the...

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EU Probe: Danske Ignored Russia’s Money Laundering Warnings
EU Probe: Danske Ignored Russia’s Money Laundering Warnings
April 30, 2019  |  Security & Fraud

Danske Bank ignored warnings from Russia’s Central Bank about money laundering and suspicious transactions worth billions through Danske’s Estonian branch, Reuters reported. The warnings were...

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