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

RBS Probed On Alleged Global Money Laundering Scheme
RBS Probed On Alleged Global Money Laundering Scheme
March 28, 2017  |  Security & Fraud

The Royal Bank of Scotland (RBS) is facing questions from the Financial Conduct Authority (FCA) and other regulators about Russia money-laundering claims. A report from...

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19 Charged In Transnational Fraud Scheme Sting
19 Charged In Transnational Fraud Scheme Sting
March 02, 2017  |  Security & Fraud

Authorities in the U.S. have reportedly charged some 19 people with crimes, including money laundering and wire fraud, according to the United States Attorney’s office....

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U.S. Banks Expect Trump To Stay Tough On Money Laundering
U.S. Banks Expect Trump To Stay Tough On Money Laundering
February 02, 2017  |  Regulation

Despite various signals from the administration that President Trump intended to take a lighter-handed approach to financial services regulation than his predecessor did, it seems...

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Western Union To Pay $586M To Settle With DoJ
Western Union To Pay $586M To Settle With DoJ
January 20, 2017  |  Security & Fraud

The world’s largest money transfer company, Western Union, has agreed to pay a $586 million to settle charges that its anti-money-laundering controls were too lack,...

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African Dictator’s Son Stands Trial For Money Laundering
African Dictator’s Son Stands Trial For Money Laundering
January 03, 2017  |  Security & Fraud

Amid several investigations by France into how several African leaders acquired their wealth, the vice president of Equatorial Guinea, Teodorin Obiang, is now on trial...

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EverCompliant Fights Transaction Laundering
EverCompliant Fights Transaction Laundering
December 28, 2016  |  Security & Fraud

Israel-based cyber-intelligence company EverCompliant is the first line of defense against transaction laundering, the digital payments space’s equivalent of traditional money laundering. In a nutshell,...

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Malaysian Wealth Fund In Laundering Scandal
Malaysian Wealth Fund In Laundering Scandal
December 27, 2016  |  International

The Malaysian sovereign wealth fund 1Malaysia Development Bhd. (1MDB) is currently tied up in a multibillion-dollar, decades-long, international money-laundering scandal. Hundreds of millions of dollars...

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California AG Revives Backpage.com Lawsuit
California AG Revives Backpage.com Lawsuit
December 27, 2016  |  News

Backpage.com Chief Executive Carl Ferrer, along with two controlling shareholders, are facing fresh charges from California Attorney General Kamala Harris, who last week filed a...

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US Has More Work To Do To Curb Money Laundering
US Has More Work To Do To Curb Money Laundering
December 02, 2016  |  Security & Fraud

The U.S. is falling short when it comes to effectively investigating and prosecuting money laundering and terrorist financing by shell companies, real estate agents and...

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