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

Singapore’s Banks Increase Customer Scrutiny After Money Laundering Scandal
Singapore’s Banks Increase Customer Scrutiny After Money Laundering Scandal
September 24, 2023  |  Security & Fraud

Singapore’s banks are reportedly increasing customer scrutiny following a $1.8 billion money laundering scandal. As the Financial Times (FT) reported Saturday (Sept. 23), this added oversight...

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AI-Powered Financial Crime Prevention Platform Silent Eight Prepares for IPO
AI-Powered Financial Crime Prevention Platform Silent Eight Prepares for IPO
September 22, 2023  |  Security & Fraud

Singapore-based company Silent Eight, which uses artificial intelligence (AI) to combat financial crimes such as money laundering and terrorist financing, reportedly aims to be ready for...

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TD Bank Faces Anti-Money Laundering Probes From US Regulators
TD Bank Faces Anti-Money Laundering Probes From US Regulators
August 24, 2023  |  AML

TD Bank has disclosed that it is cooperating with inquiries from regulators and law enforcement regarding its compliance with anti-money laundering rules. The bank made this...

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Couple Plead Guilty to Money Laundering After Bitfinex Hack
Couple Plead Guilty to Money Laundering After Bitfinex Hack
August 03, 2023  |  Cryptocurrency

A married couple from New York City have pleaded guilty to money laundering and conspiracy charges stemming from the hack and theft of 120,000 bitcoin...

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Kuwait Imposes ‘Absolute Prohibition’ on Crypto Payments
Kuwait Imposes ‘Absolute Prohibition’ on Crypto Payments
July 20, 2023  |  Cryptocurrency

Kuwait has outlawed the use of cryptocurrency in payments or investments to prevent money laundering. Regulations unveiled earlier this week by the country’s Capital Markets Authority (CMA) place...

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Google Cloud Launches AML AI for Financial Institutions
Google Cloud Launches AML AI for Financial Institutions
June 21, 2023  |  Security & Fraud

Google Cloud has launched a new product, Anti Money Laundering AI (AML AI), which is an artificial intelligence-powered tool to help financial institutions detect money...

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Lebanon Central Bank Governor Denies Money Laundering and Embezzlement Allegations
Lebanon Central Bank Governor Denies Money Laundering and Embezzlement Allegations
March 16, 2023  |  Security & Fraud

Lebanon central bank Governor Riad Salameh has made his first court appearance facing international charges. Five European countries are investigating the Banque du Liban governor...

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Chainalysis Says Data and Smart Regulation Critical for Crypto Rehabilitation
Chainalysis Says Data and Smart Regulation Critical for Crypto Rehabilitation
March 14, 2023  |  Cryptocurrency

The year 2022 was one of the most tumultuous in the cryptocurrency industry’s brief history. It was a record year for another reason, too, as...

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Eventus Unveils Anti-Money Laundering Platform Validus
Eventus Unveils Anti-Money Laundering Platform Validus
January 31, 2023  |  AML

Eventus has debuted an anti-money laundering (AML) platform for traditional finance and digital asset companies. The Austin-based company, which provides transaction monitoring and market risk...

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