What does it mean that the Australian anti-money laundering watchdog has been flooded with...
The Australian Transaction Reports and Analysis Centre (AUSTRAC) is experiencing a spike in companies disclosing breaches to anti-money laundering (AML) rules. But experts believe more needs to be done.
Mobileum acquires WeDo Technologies to boost anti-fraud technology
Mobileum, an analytics-based roaming and risk management platform, has acquired WeDo Technologies for an undisclosed amount.
Fraudsters and criminals stole $4.26bn from cryptocurrency users in the first six months of...
Insider thefts were the most common form of cryptocurrency theft, according to cryptocurrency tracker CipherTrace’s latest report.
FinCEN director says casinos play a key role in fighting financial crimes
The Financial Crimes Enforcement Network’s (FinCEN) director Kenneth A. Blanco believes casinos have a key role to play when it comes to preventing financial crimes.
Singapore’s central bank is targeting onshore shell companies involved in money laundering
The Monetary Authority of Singapore has announced it has closed several onshore shell companies’ accounts in the last 12 months in an effort to tackle money laundering.
ezbob launches onboarding technology to help banks streamline processes
Digital lending platform ezbob has released a new onboarding module to simplify processes for banks.
Cryptocurrency stakeholders in the Czech Republic to face stricter rules
The Czech Republic is doubling down on new rules around cryptocurrencies as part of its anti-money laundering efforts.
Australia’s police charge 5 people for crypto fraud and money laundering
Australia’s financial and cyber crime group has charged five people in conjunction with fraud and money laundering of cryptocurrency.
UK’s DCPCU dismantles 13 organised crime groups
The UK’s Dedicated Card and Payment Crime Unit (DCPCU) has dismantled 13 organised crime groups (OCGs) within the first half of 2019, double the number in the same period last year.
US regulators offer joint statement on AML
Federal Bank Regulatory Agencies and FinCEN have issued a joint statement to further efforts around improving transparency for the risk-based approach to Bank Secrecy Act (BSA) and anti-money laundering (AML).
