Tag: Money Laundering

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 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 (PBOC) is reportedly looking to improve its cross-border cooperation with countries around the world to combat money laundering.

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.

German Federal Financial Supervisory Authority (BaFin) has ordered challenger bank N26 to improve its prevention of money laundering and terrorist financing.

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.

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.

Prosecutors in the Netherlands are reportedly investigating claims of Dutch involvement in a money laundering network which funnelled Euros from Russia.

South Korean cryptocurrency exchanges Coin One, Upbit, Cobit and Bitsum have teamed together to combat money laundering.

European Union governments have reportedly reached a preliminary deal for boosting efforts to counter money laundering.