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

FBI Warns Of ‘Money Mule’ Fraud
FBI Warns Of ‘Money Mule’ Fraud
December 27, 2018  |  Security & Fraud

The Federal Bureau of Investigation (FBI) is warning about a new form of fraud that targets companies, schools and nonprofits around the United States. According to...

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Brighterion CEO: 2018 Was The Year Of Artificial Intelligence
Brighterion CEO: 2018 Was The Year Of Artificial Intelligence
December 26, 2018  |  Security & Fraud

Dr. Akli Adjaoute, CEO of Brighterion, wrote this AI-focused piece as part of our 2018 year-end eBook.  On Dec. 3, 2018, the U.S. Treasury’s FinCEN and...

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US Banks Shun Money Transmittal
US Banks Shun Money Transmittal
December 26, 2018  |  Banking

U.S. banks are keeping their distance from money transmitters sending cash to Mexico, as worries about money laundering and increased regulatory scrutiny ensue. According to...

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Malaysia Demands $7.5B From Goldman
Malaysia Demands $7.5B From Goldman
December 26, 2018  |  Bank Regulation

Goldman Sachs could be on the hook for $7.5 billion in reparations from the Malaysia government pertaining to its link to the 1MDB scandal. According to a...

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Denmark Demands Danske Bankers ‘Be Held Accountable’
Denmark Demands Danske Bankers ‘Be Held Accountable’
December 20, 2018  |  Security & Fraud

Denmark wants the former Danske Bank employees who were recently arrested to “be held accountable” for their actions. Earlier this week, eight people in Estonia...

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Danske Fraud Case Leads To Eight Arrests In Estonia
Danske Fraud Case Leads To Eight Arrests In Estonia
December 19, 2018  |  Bank Regulation

Eight people in Estonia have been arrested in connection to Danske Bank’s money laundering scandal. According to Reuters, Estonian newspaper Postimees reported on Tuesday (December 18)...

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UBS Fined $14.5M For Violating Bank Secrecy Act
UBS Fined $14.5M For Violating Bank Secrecy Act
December 17, 2018  |  Regulation

The Financial Crimes Enforcement Network (FinCEN), a bureau of the U.S. Department of the Treasury, has assessed a $14.5 million fine against UBS Financial Services...

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Today In Data: The Challenges Of Finding And Protecting Value
Today In Data: The Challenges Of Finding And Protecting Value
December 17, 2018  |  Today In Data

In recent years, the payments and commerce ecosystem has been about the finding new value – and then finding ways to protect it. It’s why...

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Bitcoin Daily: ‘Bitcoin Is Dead’; Congressman Says Crypto Can Pay For Trump’s Wall
Bitcoin Daily: ‘Bitcoin Is Dead’; Congressman Says Crypto Can Pay For Trump’s Wall
December 16, 2018  |  Bitcoin

Teenage bitcoin millionaire Erik Finman is now saying that the cryptocurrency is “dead.” “Bitcoin is dead, it’s too fragmented, there’s tons of infighting, I just...

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