Tag: Money Laundering
The Financial Action Task Force gives Norway’s anti-money laundering efforts a...
Norway has been hard at work since 2014 to ensure it has a robust system in place to prevent money laundering and terrorism financing occurring under its watch.
Finance ministers set to agree on new EU anti-money laundering authority...
From the huge Danske Bank scandal to a rising number of reports in the UK, money laundering is a growing concern for finance ministers in the EU.
Austreme gets patent for transaction laundering detection technology
Austreme has received a patent for its transaction laundering detection technology, which helps identify transactions from unauthorized e-commerce websites.
The People’s Bank of China reportedly looking to collaborate globally to...
The People’s Bank of China (PBOC) is reportedly looking to improve its cross-border cooperation with countries around the world to combat money laundering.
Deutsche Bank reportedly fails to report suspicious transactions involving Donald Trump
Deutsche Bank has come under fire for failing to inform federal financial crime watchdogs in regard to suspicious transactions involving Donald Trump and his son-in-law Jared Kushner.
BaFin orders N26 to improve prevention of money laundering and terrorist...
German Federal Financial Supervisory Authority (BaFin) has ordered challenger bank N26 to improve its prevention of money laundering and terrorist financing.
Europol helps Spanish government take down crypto money laundering operation
Europol has supported the Spanish government in dismantling a criminal organisation which had been providing ‘large-scale’ crypto money laundering services to other criminal bodies.
Outdated understandings of money laundering risk and legacy screening tools are...
Companies need to rapidly evolve their understanding of money laundering risk to more effectively manage their vulnerabilities according to Stephen Platt, Chairman and CEO at KYC Global Technologies.
Dutch prosecutors said to be investigating into money laundering scandal
Prosecutors in the Netherlands are reportedly investigating claims of Dutch involvement in a money laundering network which funnelled Euros from Russia.
Four South Korean crypto exchanges partner to combat money laundering
South Korean cryptocurrency exchanges Coin One, Upbit, Cobit and Bitsum have teamed together to combat money laundering.