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

EU Slams Cyprus, Portugal Over AML Reform Delays
EU Slams Cyprus, Portugal Over AML Reform Delays
February 13, 2020  |  Security & Fraud

Cyprus, the Netherlands, Portugal and other countries are in trouble with the European Commission over their failure to implement new rules cracking down on money...

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How Patreon Overcame Its Subscription Struggles
How Patreon Overcame Its Subscription Struggles
February 07, 2020  |  Subscription Commerce

Complex payment plans and hidden processing fees on content sharing platforms can send subscribers looking for services elsewhere — something Patreon learned the hard way...

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Danske’s Money Laundering Fine Could Be Lower Than Expected In US
Danske’s Money Laundering Fine Could Be Lower Than Expected In US
January 31, 2020  |  Bank Regulation

A fine for embattled banking institution Danske Bank could be much lower lower than expected in the U.S. because the institution does not have a...

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Isabel dos Santos Facing Embezzlement; Implicated Banker Found Dead
Isabel dos Santos Facing Embezzlement; Implicated Banker Found Dead
January 23, 2020  |  Security & Fraud

Africa’s richest woman, Isabel dos Santos, is facing money laundering and mismanagement charges, while a banker implicated in the case — Nuno Ribeiro da Cunha,...

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Study: Crypto Criminals Sent $2.8B To Exchanges In 2019
Study: Crypto Criminals Sent $2.8B To Exchanges In 2019
January 17, 2020  |  Cryptocurrency

Fortune favors the bold, goes the saying. And when it comes to crypto crimes, the bold get the fortunes — at pretty much everyone’s expense,...

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Danske Bank Hit With Third Money Laundering Lawsuit
Danske Bank Hit With Third Money Laundering Lawsuit
December 27, 2019  |  Legal

Danske Bank is facing another lawsuit from about 60 investors over alleged money laundering, according to a report by Reuters.  It’s the third lawsuit by...

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UK Banking Investigations Rise 16 Pct YOY
UK Banking Investigations Rise 16 Pct YOY
December 15, 2019  |  Bank Regulation

Probes into financial institutions in the U.K. are up for the first time since 2015 due in part to an increase in both white-collar and...

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JPMorgan Employs Machine Learning For Expense Reports
JPMorgan Employs Machine Learning For Expense Reports
December 12, 2019  |  Innovation

JPMorgan Chase has been using artificial intelligence (AI) and machine learning to process expense reports and check them for compliance, according to Bloomberg. Lori Beer,...

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Deutsche Bank Settles AML Scandal For $16M
Deutsche Bank Settles AML Scandal For $16M
December 06, 2019  |  Bank Regulation

Deutsche Bank has settled a case with Frankfurt prosecutors that involved a raid on its offices and resulted in a huge hit on earnings and...

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