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

Danske Bank Ordered To Shut Down Estonian Branch
Danske Bank Ordered To Shut Down Estonian Branch
February 19, 2019  |  Security & Fraud

Danske Bank was ordered by Estonia to shutter its local branch at the center of a money-laundering scandal, and has been given only a few...

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Real Estate Money Laundering May Hit $1.6T A Year Globally
Real Estate Money Laundering May Hit $1.6T A Year Globally
February 18, 2019  |  Security & Fraud

Governments around the world have a new front in their fight against money laundering: real estate. According to a report in Mansion Global, a growing...

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Watchdog Orders Deutsche Bank To Review Policies Post-AML Scandal
Watchdog Orders Deutsche Bank To Review Policies Post-AML Scandal
February 15, 2019  |  Security & Fraud

Bafin, the German financial watchdog that is monitoring Deutsche Bank’s involvement in the Danske Bank money laundering scandal, has asked the bank to review some...

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SLPs Not Complying With UK Rules, And Not Being Punished
SLPs Not Complying With UK Rules, And Not Being Punished
February 14, 2019  |  Regulation

Nearly half of the U.K. corporate structures that are tied to money laundering don’t meet the ownership regulation, but haven’t faced any punishment since the...

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How Prepaid Cards Played A Role In El Chapo’s Global Drug Operation
How Prepaid Cards Played A Role In El Chapo’s Global Drug Operation
February 13, 2019  |  AML

The story goes something like this: During the reign of drug kingpin Pablo Escobar — estimated to have supplied up to 80 percent of the...

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Gig Economy Money Laundering Shows Corporates’ KYC, AML Struggles
Gig Economy Money Laundering Shows Corporates’ KYC, AML Struggles
February 13, 2019  |  B2B Payments

Payments messaging firm SWIFT announced on Tuesday (Feb. 12) that it will now allow corporates to join its KYC Registry in an effort to facilitate the...

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Red Envelopes, Fortnite And The Rise Of Micro Money Laundering
Red Envelopes, Fortnite And The Rise Of Micro Money Laundering
February 08, 2019  |  Fraud Attack

One of the main differences between a successful criminal and a wanna-be is that the smart one knows how to hide (often in plain sight),...

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AML Scandals Hamper Estonia’s Digital Society Ambitions
AML Scandals Hamper Estonia’s Digital Society Ambitions
February 01, 2019  |  Security & Fraud

After being implicated in one of the largest money laundering scandals ever, Estonia is struggling to realize its dream of becoming a digital society, according...

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RBS Slapped With Lawsuit Over Frozen Accounts
RBS Slapped With Lawsuit Over Frozen Accounts
January 30, 2019  |  Legal

The Royal Bank of Scotland (RBS) is being sued by an unnamed British payments company over allegations that RBS froze accounts on suspicion of illegal...

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