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

Business Payments Fraud Remains Top Concern Among B2Bs
Business Payments Fraud Remains Top Concern Among B2Bs
December 06, 2022  |  Security & Fraud

Inflation may be inescapable but research shows businesses are actually more worried about fraud. According to the “B2B Payments Fraud Tracker,” from PYMNTS and nsKnox,...

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DOJ Charges 21 in Cross-Border Crypto Money Laundering Network
DOJ Charges 21 in Cross-Border Crypto Money Laundering Network
November 30, 2022  |  Cryptocurrency

Twenty-one people have been charged with using cryptocurrency to launder money stolen through fraud schemes.  The individuals were involved with transnational money laundering networks that...

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Swiss Government Proposes Registry of Company Ownership
Swiss Government Proposes Registry of Company Ownership
October 12, 2022  |  AML

In a move that signals a major change for Switzerland’s financial services industry, the Swiss government intends to establish a central registry to track ownership...

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Crypto Used in Alleged $5.4M Drug Peddling Conspiracy Case
Crypto Used in Alleged $5.4M Drug Peddling Conspiracy Case
October 07, 2022  |  Cryptocurrency

Cryptocurrency including Bitcoin was allegedly used to launder more than $5.35 million for a drug trafficking organization in a conspiracy that included the reported distribution...

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Today in Crypto: California Targets 11 Firms for Alleged Securities Violations; FTX.US President Brett Harrison Steps Down to Advisory Role
Today in Crypto: California Targets 11 Firms for Alleged Securities Violations; FTX.US President Brett Harrison...
September 27, 2022  |  Cryptocurrency

In a speech at a conference on finance tokenization, François Villeroy de Galhau, governor of the Banque de France, said the bank is working on...

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Today in Crypto: China Arrests 93 in $5.6B Crypto Money Laundering Case; Apple Removes Crypto Trading App From Store After Scam Allegations
Today in Crypto: China Arrests 93 in $5.6B Crypto Money Laundering Case; Apple Removes Crypto...
September 26, 2022  |  Cryptocurrency

Australia is set to complete its CBDC project in the middle of 2023, a new presentation said. The project, which started in July this year,...

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Today in the Connected Economy: Nasdaq Keeps Closer Eye on IPOs
Today in the Connected Economy: Nasdaq Keeps Closer Eye on IPOs
September 22, 2022  |  Connected Economy

Today in the connected economy, Nasdaq is reportedly examining companies’ initial public offerings (IPOs) after some companies saw massive gains and big drops in quick...

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Biometrics, Digital Identity Help Online Banks Push the Limits on Money Mobility
Biometrics, Digital Identity Help Online Banks Push the Limits on Money Mobility
July 06, 2022  |  Disbursements

Where consumers once had to wait for payments to post, they now expect their money to move instantly between accounts. Maximum money mobility is the...

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Credit Suisse Conviction Signals New Money Laundering Liabilities for Banks
Credit Suisse Conviction Signals New Money Laundering Liabilities for Banks
June 27, 2022  |  Digital-First Banking

A courtroom verdict in  Switzerland is signaling that banks will be under increasing scrutiny for the acts they take and have taken, to combat fraud —...

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