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

New York State Of (Cybersecurity) Mind
New York State Of (Cybersecurity) Mind
August 28, 2017  |  Regulation

New cyber-rules are taking effect in New York state, with wide-ranging impact for financial services players near and far.  Brexit gets down to business on...

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Australia Blames eCommerce, Bitcoin For Uptick In Organized Crime
Australia Blames eCommerce, Bitcoin For Uptick In Organized Crime
August 25, 2017  |  Security & Fraud

Australia is blaming the growth in online banking and digital currencies like Bitcoin for a huge increase in organized crime in the country’s financial sector....

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California Judge Rules Backpage.com Execs Can Be Charged With Money Laundering
California Judge Rules Backpage.com Execs Can Be Charged With Money Laundering
August 24, 2017  |  Legal

A judge has ruled that money laundering charges can be brought against the creators of a website that California prosecutors label an online brothel. The...

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Nigerians Pay Billions In Bribes — But Why?
Nigerians Pay Billions In Bribes — But Why?
August 21, 2017  |  News

Nigeria’s public officials are reportedly making billions of dollars from bribes each year. According to a report in the Wall Street Journal citing the National...

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Coding Error To Blame In Breaches At Commonwealth Bank?
Coding Error To Blame In Breaches At Commonwealth Bank?
August 08, 2017  |  Security & Fraud

In regards to the Commonwealth Bank breaches — might it all have been due to coding errors? As Reuters reports, the Commonwealth Bank of Australia (CBA)...

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FTC Charges 12 With Laundering Millions In Credit Card Charges
FTC Charges 12 With Laundering Millions In Credit Card Charges
August 08, 2017  |  Security & Fraud

The Federal Trade Commission (FTC) announced news on Monday (Aug. 7) that it charged twelve people with money laundering millions of dollars in credit card...

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WannaCry Hackers Laundering Ill-Gotten Gains Via ShapeShift
WannaCry Hackers Laundering Ill-Gotten Gains Via ShapeShift
August 04, 2017  |  Security & Fraud

The hackers behind the WannaCry ransomware attack that spread around the globe are reportedly starting to money launder the $143,000 in bitcoin they secured using...

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BTC-e Operator Indicted Following Tuesday Arrest
BTC-e Operator Indicted Following Tuesday Arrest
July 28, 2017  |  Security & Fraud

Alexander Vinnik, the 38-year-old Russian man behind the bitcoin exchange BTC-e, has been arrested and indicted. Reuters reported news that a U.S. jury made the decision...

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WePay And The Evolution Of Payments
WePay And The Evolution Of Payments
June 20, 2017  |  Mobile Payments

Payments was once the specialized domain of very specialized players — but these days that is changing, as some big brands are redefining themselves as...

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