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

Authorities Investigating Dutch Ties To Billions In Laundered Money
Authorities Investigating Dutch Ties To Billions In Laundered Money
March 06, 2019  |  Security & Fraud

Dutch prosecutors are investigating whether banks in the country were part of a huge money laundering operation in Russia, according to a report by Reuters....

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Swedbank CEO ‘Humble’ After Laundering Claims
Swedbank CEO ‘Humble’ After Laundering Claims
March 06, 2019  |  Banking

Swedbank’s CEO has admitted to making some mistakes when handling money laundering allegations against the bank. Last month it was revealed that Estonia’s investigation of money...

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Prince Charles’ Charity Funded By Company With Russian Ties
Prince Charles’ Charity Funded By Company With Russian Ties
March 05, 2019  |  Security & Fraud

A charity run by Prince Charles received donations from a company used to transfer large amounts of cash from Russia. According to The Guardian, investigators...

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UK Fines Countrywide In AML Crackdown
UK Fines Countrywide In AML Crackdown
March 05, 2019  |  Regulation

U.K. estate agent Countrywide has been fined £215,000 (more than $283,000 USD) for failing to comply with the country’s money laundering prevention rules. According to Financial...

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Bitcoin Daily: Bitcoin Falls To Lowest Price In Two Weeks; Hackers Use WEX Exchange To Launder Bitcoin
Bitcoin Daily: Bitcoin Falls To Lowest Price In Two Weeks; Hackers Use WEX Exchange To...
March 04, 2019  |  Bitcoin

Bitcoin has had its ups and downs over the last few weeks. Right now, it’s on a down, with prices falling as much as 2.5...

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Nordea Accused Of Handling $790M In Suspicious Transactions
Nordea Accused Of Handling $790M In Suspicious Transactions
March 04, 2019  |  Security & Fraud

Nordea, the biggest bank in the Nordic region, is being accused of handling millions of dollars in suspicious transactions for several years. According to a...

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Bitcoin Daily: JPMorgan Trials Ethereum Tech; Japan Sees Rise In Crypto Money Laundering
Bitcoin Daily: JPMorgan Trials Ethereum Tech; Japan Sees Rise In Crypto Money Laundering
March 01, 2019  |  Bitcoin

JPMorgan Chase is testing out a zero-knowledge privacy solution called AZTEC. Developed by a London startup of the same name, AZTEC offers encryption of blockchain...

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SEC Initiates Danske Investigation
SEC Initiates Danske Investigation
February 22, 2019  |  Banking

Amid the regulators looking into its Estonian money laundering scandal, the U.S. Securities and Exchange Commission (SEC) has reportedly initiated an investigation into Danske Bank. The...

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AML Scandal Leads To Danske Exit From Russia, Baltics
AML Scandal Leads To Danske Exit From Russia, Baltics
February 19, 2019  |  Security & Fraud

Danske Bank, which was involved in one of the biggest money laundering scandals of all time, will no longer do business in Russia or the...

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