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

The New Way Banks, FinTechs Are Fighting Financial Crime
The New Way Banks, FinTechs Are Fighting Financial Crime
April 27, 2022  |  AML

Financial institutions’ (FIs’) efforts to meet regulatory compliance standards have become more complicated in the digital age. The acceleration of payments technology has amplified risk...

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AI-Powered Analytics Help FIs Sharpen AML Strategies
AI-Powered Analytics Help FIs Sharpen AML Strategies
March 25, 2022  |  AML

Money launderers “wash” more than $2 trillion in the global economy each year, despite the best efforts of financial institutions (FIs) and governments. Much of...

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FIs Use Digital Identity to Curb Money Laundering and Comply With Gov’t Rules
FIs Use Digital Identity to Curb Money Laundering and Comply With Gov’t Rules
March 23, 2022  |  Authentication

Digital identities are becoming more prevalent as awareness of their security and convenience grows, and they are expanding into new use cases like anti-money laundering...

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Nigerian Senate Passes Bill to Tighten Money-Laundering Rules
Nigerian Senate Passes Bill to Tighten Money-Laundering Rules
March 16, 2022  |  International

The Nigerian Senate has passed a bill to amend money-laundering regulations, including making it mandatory for lenders to report suspicious transactions, Bloomberg reported Wednesday (March...

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DOJ to Crack Down on Russian Oligarchs And Their Networks
DOJ to Crack Down on Russian Oligarchs And Their Networks
March 13, 2022  |  International

The Justice Department plans to investigate people, banks and cryptocurrency exchanges that have helped rich Russians hide or launder their money, Bloomberg reported Friday (March...

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White House Looks to Fight Real Estate Money Laundering
White House Looks to Fight Real Estate Money Laundering
December 07, 2021  |  Real Estate

The White House is looking for public input on ways to fight corruption in the U.S. real estate market, part of a larger project to...

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Online Gaming Platforms Bet on KYC Automation to Get Real Players in the Game
Online Gaming Platforms Bet on KYC Automation to Get Real Players in the Game
October 21, 2021  |  AML

The explosive growth of online gaming has been both a boon and bane as both players and fraudsters have flocked to gaming platforms — creating...

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Report: Crypto Exchanges Turn To Sanction Screening, Transaction Monitoring To Root Out Cybercrime
Report: Crypto Exchanges Turn To Sanction Screening, Transaction Monitoring To Root Out Cybercrime
August 12, 2021  |  AML

The past year has ushered in record growth for the eCommerce industry. Consumers around the globe are going online to buy everyday essentials and more...

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Coinbase Says Crypto Exchanges Face Dual Regulations To Meet Differing Authentication Rules
Coinbase Says Crypto Exchanges Face Dual Regulations To Meet Differing Authentication Rules
August 09, 2021  |  Authentication

Authentication represents a critical security challenge for digital businesses of all kinds, with unauthorized access accounting for 43 percent of successful data breaches at companies...

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