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

Western Union Completes Compliance Upgrades To Fight Money Laundering

Western Union Completes Compliance Upgrades To Fight Money Laundering
Western Union Completes Compliance Upgrades To Fight Money Laundering
June 13, 2017  |  Security & Fraud

The Western Union Company and Arizona Atty. Gen. Mark Brnovich announced Monday (June 12) that they have successfully completed the secondary recommendations for the Southwest Border program,...

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HSBC Pairs With AI FinTech On Compliance
HSBC Pairs With AI FinTech On Compliance
June 05, 2017  |  Banking

Amid the embrace of artificial intelligence across financial services, one big bank is adopting AI to streamline compliance efforts. Get the Full Story Complete the...

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Looking Toward The Finish Line For MoneyGram’s Merger, But Then What?
Looking Toward The Finish Line For MoneyGram’s Merger, But Then What?
April 28, 2017  |  Partnerships / Acquisitions

Ant Financial may snap up MoneyGram, amid a $1.2 billion price tag, hurdling concerns over national security, too.  But Walmart lies in wait.  Smooth sailing...

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The Data Differentiator In Compliance
The Data Differentiator In Compliance
April 18, 2017  |  Risk Management

The compliance market is becoming increasingly crowded and competitive as both traditional powerhouses and new entrants race to deliver on solutions that will help keep...

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FinServ Has The Power To Combat Invoice Fraud
FinServ Has The Power To Combat Invoice Fraud
March 29, 2017  |  B2B Payments

A new report from Global Financial Integrity (GFI) is highlighting the contribution fraudulent trade invoicing makes to the $2.2 trillion in transnational crime every year....

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RBS Probed On Alleged Global Money Laundering Scheme
RBS Probed On Alleged Global Money Laundering Scheme
March 28, 2017  |  Security & Fraud

The Royal Bank of Scotland (RBS) is facing questions from the Financial Conduct Authority (FCA) and other regulators about Russia money-laundering claims. Get the Full...

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19 Charged In Transnational Fraud Scheme Sting
19 Charged In Transnational Fraud Scheme Sting
March 02, 2017  |  Security & Fraud

Authorities in the U.S. have reportedly charged some 19 people with crimes, including money laundering and wire fraud, according to the United States Attorney’s office....

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U.S. Banks Expect Trump To Stay Tough On Money Laundering
U.S. Banks Expect Trump To Stay Tough On Money Laundering
February 02, 2017  |  Regulation

Despite various signals from the administration that President Trump intended to take a lighter-handed approach to financial services regulation than his predecessor did, it seems...

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Western Union To Pay $586M To Settle With DoJ
Western Union To Pay $586M To Settle With DoJ
January 20, 2017  |  Security & Fraud

The world’s largest money transfer company, Western Union, has agreed to pay a $586 million to settle charges that its anti-money-laundering controls were too lack,...

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