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

African Dictator’s Son Stands Trial For Money Laundering
African Dictator’s Son Stands Trial For Money Laundering
January 03, 2017  |  Security & Fraud

Amid several investigations by France into how several African leaders acquired their wealth, the vice president of Equatorial Guinea, Teodorin Obiang, is now on trial...

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EverCompliant Fights Transaction Laundering
EverCompliant Fights Transaction Laundering
December 28, 2016  |  Security & Fraud

Israel-based cyber-intelligence company EverCompliant is the first line of defense against transaction laundering, the digital payments space’s equivalent of traditional money laundering. In a nutshell,...

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Malaysian Wealth Fund In Laundering Scandal
Malaysian Wealth Fund In Laundering Scandal
December 27, 2016  |  International

The Malaysian sovereign wealth fund 1Malaysia Development Bhd. (1MDB) is currently tied up in a multibillion-dollar, decades-long, international money-laundering scandal. Hundreds of millions of dollars...

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California AG Revives Backpage.com Lawsuit
California AG Revives Backpage.com Lawsuit
December 27, 2016  |  News

Backpage.com Chief Executive Carl Ferrer, along with two controlling shareholders, are facing fresh charges from California Attorney General Kamala Harris, who last week filed a...

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US Has More Work To Do To Curb Money Laundering
US Has More Work To Do To Curb Money Laundering
December 02, 2016  |  Security & Fraud

The U.S. is falling short when it comes to effectively investigating and prosecuting money laundering and terrorist financing by shell companies, real estate agents and...

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Payments Urban Legends, Both Scary And True
Payments Urban Legends, Both Scary And True
October 31, 2016  |  Payment Methods

We want to make your flesh creep — but in a good way, where you learn something. It is Halloween after all, and PYMNTS had its...

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Money Data Limited Taps Thomson Reuters Risk Solutions For Hong Kong Compliance
Money Data Limited Taps Thomson Reuters Risk Solutions For Hong Kong Compliance
September 22, 2016  |  Regulation

Money Data Limited, a subsidiary of Tencent, announced on Wednesday (Sept. 21) it has selected Thomson Reuters Risk solutions to comply with the Hong Kong...

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Bitfinex And LexisNexis: Bitcoin’s Insecure Week
Bitfinex And LexisNexis: Bitcoin’s Insecure Week
August 05, 2016  |  Bitcoin

Consider the difficulty in stashing an intangible digital currency into a swag bag. But then, hacking into bitcoin user accounts is no walk in the...

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