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

FTC Charges 12 With Laundering Millions In Credit Card Charges
FTC Charges 12 With Laundering Millions In Credit Card Charges
August 08, 2017  |  Security & Fraud

The Federal Trade Commission (FTC) announced news on Monday (Aug. 7) that it charged twelve people with money laundering millions of dollars in credit card...

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WannaCry Hackers Laundering Ill-Gotten Gains Via ShapeShift
WannaCry Hackers Laundering Ill-Gotten Gains Via ShapeShift
August 04, 2017  |  Security & Fraud

The hackers behind the WannaCry ransomware attack that spread around the globe are reportedly starting to money launder the $143,000 in bitcoin they secured using...

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BTC-e Operator Indicted Following Tuesday Arrest
BTC-e Operator Indicted Following Tuesday Arrest
July 28, 2017  |  Security & Fraud

Alexander Vinnik, the 38-year-old Russian man behind the bitcoin exchange BTC-e, has been arrested and indicted. Reuters reported news that a U.S. jury made the decision...

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WePay And The Evolution Of Payments
WePay And The Evolution Of Payments
June 20, 2017  |  Mobile Payments

Payments was once the specialized domain of very specialized players — but these days that is changing, as some big brands are redefining themselves as...

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Western Union Completes Compliance Upgrades To Fight Money Laundering
Western Union Completes Compliance Upgrades To Fight Money Laundering
June 13, 2017  |  Security & Fraud

The Western Union Company and Arizona Atty. Gen. Mark Brnovich announced Monday (June 12) that they have successfully completed the secondary recommendations for the Southwest Border program,...

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HSBC Pairs With AI FinTech On Compliance
HSBC Pairs With AI FinTech On Compliance
June 05, 2017  |  Banking

Amid the embrace of artificial intelligence across financial services, one big bank is adopting AI to streamline compliance efforts. Reuters reported that HSBC Holdings has linked...

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Looking Toward The Finish Line For MoneyGram’s Merger, But Then What?
Looking Toward The Finish Line For MoneyGram’s Merger, But Then What?
April 28, 2017  |  Partnerships / Acquisitions

Ant Financial may snap up MoneyGram, amid a $1.2 billion price tag, hurdling concerns over national security, too.  But Walmart lies in wait.  Smooth sailing...

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The Data Differentiator In Compliance
The Data Differentiator In Compliance
April 18, 2017  |  Risk Management

The compliance market is becoming increasingly crowded and competitive as both traditional powerhouses and new entrants race to deliver on solutions that will help keep...

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FinServ Has The Power To Combat Invoice Fraud
FinServ Has The Power To Combat Invoice Fraud
March 29, 2017  |  B2B Payments

A new report from Global Financial Integrity (GFI) is highlighting the contribution fraudulent trade invoicing makes to the $2.2 trillion in transnational crime every year....

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