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

Estonia Sees $13B In Money Laundering Over Four Years
Estonia Sees $13B In Money Laundering Over Four Years
May 25, 2018  |  International

After reports of money laundering caused lenders in Estonia and Latvia to close, police said on Friday (May 25) that more than $13 billion (or...

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Five At Five: A New CEO For Lowe’s
Five At Five: A New CEO For Lowe’s
May 22, 2018  |  News

Welcome to Five at Five, your late look at the payments and commerce news you might have missed. Today’s stories take a closer look at...

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Is ‘Dirty’ Russian Money Undermining The UK Markets?
Is ‘Dirty’ Russian Money Undermining The UK Markets?
May 21, 2018  |  International

According to a new report from the British Foreign Affairs Committee, London has been awash in dirty Russian money since the fall of the Soviet...

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Former Head Of Vatican Bank Head Embezzlement Trial Underway
Former Head Of Vatican Bank Head Embezzlement Trial Underway
May 11, 2018  |  Regulation

The former head of the Vatican bank is answering tough charges of money laundering and embezzlement, according to news from Reuters. Angelo Caloia, 79, is...

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Rabobank Former Execs Could Face Charges Over Alleged Drug Money Coverup
Rabobank Former Execs Could Face Charges Over Alleged Drug Money Coverup
May 11, 2018  |  Security & Fraud

Rabobank‘s former Chief Executive Officer John Ryan could face criminal charges from the Justice Department. According to a report in the American Banker, the former...

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Marking The Growth Charts
Marking The Growth Charts
May 03, 2018  |  Today In Data

Spring is here, and growth spurts are the rule of the day. Apple managed to notch bigger sales and revenue growth last quarter and has some...

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Iceland Needs To Do More To Fight Money Laundering, Terrorism Financing
Iceland Needs To Do More To Fight Money Laundering, Terrorism Financing
April 09, 2018  |  Security & Fraud

Iceland’s efforts over the last decade to focus on crimes that were associated with the financial crisis around the globe has hurt its law enforcement of...

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Bitcoin Trader Found Guilty Of Money Laundering, Using Bitcoin To Deal Drugs
Bitcoin Trader Found Guilty Of Money Laundering, Using Bitcoin To Deal Drugs
April 02, 2018  |  Bitcoin

An Arizona bitcoin trader has been convicted of using the cryptocurrency to launder drug money. According to a Justice Department announcement, Thomas Mario Costanzo —...

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The ‘Peril And Promise’ Of Blockchain
The ‘Peril And Promise’ Of Blockchain
March 14, 2018  |  B2B Payments

“The important thing to remember here is this is a brand-new, very complicated space,” warned John Oliver on last weekend’s episode of “Last Week Tonight.”...

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