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

Payments Urban Legends, Both Scary And True
Payments Urban Legends, Both Scary And True
October 31, 2016  |  Payment Methods

We want to make your flesh creep — but in a good way, where you learn something. It is Halloween after all, and PYMNTS had its...

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Money Data Limited Taps Thomson Reuters Risk Solutions For Hong Kong Compliance
Money Data Limited Taps Thomson Reuters Risk Solutions For Hong Kong Compliance
September 22, 2016  |  Regulation

Money Data Limited, a subsidiary of Tencent, announced on Wednesday (Sept. 21) it has selected Thomson Reuters Risk solutions to comply with the Hong Kong...

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Bitfinex And LexisNexis: Bitcoin’s Insecure Week
Bitfinex And LexisNexis: Bitcoin’s Insecure Week
August 05, 2016  |  Bitcoin

Consider the difficulty in stashing an intangible digital currency into a swag bag. But then, hacking into bitcoin user accounts is no walk in the...

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Raymond James’ AML Controls Found Lacking
Raymond James’ AML Controls Found Lacking
May 19, 2016  |  Security & Fraud

Raymond James has been fined $17 million in the wake of findings by the Financial Industry Regulatory Authority (FINRA) that the financial services company has...

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London’s Dirty Little (Money Laundering) Secret
London’s Dirty Little (Money Laundering) Secret
May 12, 2016  |  Security & Fraud

Insider warnings have led to speculation that London may be transforming into a global hub for illicit finance. At least that’s what a recent investigation...

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Europe Says Goodbye To €500 Bill
Europe Says Goodbye To €500 Bill
May 05, 2016  |  Security & Fraud

Taking away a euro denomination favored by less-than-lawful elements of society, the European Central Bank said on Wednesday (May 4) that it was no longer...

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Treasury Dept. Money Laundering Head Jumping Ship To HSBC
Treasury Dept. Money Laundering Head Jumping Ship To HSBC
April 27, 2016  |  Security & Fraud

Jennifer Shasky Calvery — the Treasury Department’s top anti-money laundering official — has announced her intentions to leave the U.S. government agency to take a...

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