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

The Money Laundering Cycle Spins On
The Money Laundering Cycle Spins On
March 26, 2019  |  Today In Data

It’s a $2 trillion problem, according to stats, and global in scope. Money laundering is big business and the recovered funds are scant, which begs a...

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Fixing The KYC And AML ‘Horse-and-Buggy’ Model
Fixing The KYC And AML ‘Horse-and-Buggy’ Model
March 25, 2019  |  Security & Fraud

Only 1 percent of proceeds from financial crimes are intercepted, which means the bad guys are getting away with hundreds of billions of dollars, even...

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Norwegian Regulators: AML Measures Fell Short
Norwegian Regulators: AML Measures Fell Short
March 22, 2019  |  Bank Regulation

The Financial Supervisory Authority (FSA) in Norway said that several banks didn’t make sufficient anti-money laundering assessments in 2018, according to a report by Reuters....

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Swedbank To Reveal External Money Laundering Investigation
Swedbank To Reveal External Money Laundering Investigation
March 19, 2019  |  B2B Payments

Swedbank has revealed it will release the results of an external investigation looking into the bank’s involvement in a Baltic money laundering scandal on Friday...

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Investors In 19 Countries Sue Danske Bank Over Money-Laundering Scandal
Investors In 19 Countries Sue Danske Bank Over Money-Laundering Scandal
March 18, 2019  |  Security & Fraud

An international coalition of pension funds, government entities and asset managers is suing Danske Bank over a far-reaching money-laundering scheme tied to Russia, and its...

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Combating Money Laundering With Automation
Combating Money Laundering With Automation
March 15, 2019  |  Today In Data

Solution providers are working to address proper compliance for financial institutions (FIs) and corporations across global markets. In addition, Kroger has become one of the...

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Denmark Reg Probes Swedish Bank For Money Laundering
Denmark Reg Probes Swedish Bank For Money Laundering
March 14, 2019  |  Regulation

Denmark’s financial watchdog has instructed a Danish branch of Swedish bank SEB to obtain additional information on customers deemed to be a high money-laundering risk....

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