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

Gov. Probes Citigroup About Money Laundering
Gov. Probes Citigroup About Money Laundering
February 27, 2015  |  International

Citigroup’s Banamex USA subsidiary is the subject of two more investigations for possible money laundering, the bank reported in an annual regulatory filing the SEC...

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NY Regulators Target Money Laundering
NY Regulators Target Money Laundering
February 26, 2015  |  Mobile

New York bank regulators are considering massive programs to audit large banks’ cybersecurity and anti-money-laundering (AML) systems, The Wall Street Journal reported. In a speech...

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SWIFT Extends Sanctions Screening Service To Cover All Financial Messaging
SWIFT Extends Sanctions Screening Service To Cover All Financial Messaging
January 15, 2015  |  B2B Payments

Global financial-messaging network SWIFT has extended its Sanctions Screening service to support all messages used in financial transactions, regardless of format or financial network, according...

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Euro Lawmakers Concerned About SWIFT Payments Data Sharing With The US
Euro Lawmakers Concerned About SWIFT Payments Data Sharing With The US
January 09, 2015  |  Europe

European policymakers are fighting over how financial messaging information from the SWIFT network can be used to fight terrorism, and who gets to use it,...

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More Red Tape Coming For Cross-Border Payments
More Red Tape Coming For Cross-Border Payments
January 08, 2015  |  B2B Payments

Regulators around the world are stepping up anti-money-laundering (AML) efforts, and, as a result, lenders are tightening the screws on cross-border payments, according to Corporate...

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