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

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...

READ MORE >
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...

READ MORE >
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...

READ MORE >
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...

READ MORE >
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...

READ MORE >
UK Cops Seize $249M In Crypto Crackdown
UK Cops Seize $249M In Crypto Crackdown
July 13, 2021  |  Security & Fraud

British police have confiscated close to £180 million — or $249 million — in cryptocurrency, the largest such seizure in the country’s history, CNN reported...

READ MORE >
Deep Dive: How The Pandemic Impacted Money Laundering And Changed The AML/KYC Paradigm
Deep Dive: How The Pandemic Impacted Money Laundering And Changed The AML/KYC Paradigm
April 15, 2021  |  AML

The pandemic has reshaped nearly every aspect of modern society. Schools and workplaces went remote, and social lives all but evaporated as stay-at-home orders went...

READ MORE >
Paysafe On How The Pandemic Changed The Game For AML Teams
Paysafe On How The Pandemic Changed The Game For AML Teams
April 14, 2021  |  AML

The pandemic-driven digital payment surge has kept anti-money laundering (AML) teams on their toes, but many have focused too heavily on money laundering without rooting...

READ MORE >
Report: Real-Time Transaction Analysis Helps Firms Root Out Fraud, Money Laundering
Report: Real-Time Transaction Analysis Helps Firms Root Out Fraud, Money Laundering
April 13, 2021  |  AML

The mass manufacture and distribution of vaccines means the pandemic will eventually come to a close, but its effects on the payments industry could very...

READ MORE >