Tag: Money Laundering

One of the UK's top officials fighting money laundering has warned that a "disturbing" amount of Russian money is being funnelled through the country.

Quantifind, a provider of solutions that use data science to help automate financial crimes investigations, has raised a $22m round.

HM Revenue and Customs has named and shamed businesses that have been fined a total of more than £23.8m for breaking money laundering laws.

Following the intense scrutiny of the FinCEN Files, US lawmakers have introduced new legislation to fight money laundering.

The total volume of fines levied against firms for breaking money laundering, data privacy, MiFID and know your customer rules jumped by 141% and amounted to $10.4bn in total so far this year.

FinTech Computer Services has partnered with financial crime-fighting company Featurespace to launch a holistic anti-money laundering solution WatchDOG AML.

The UK's National Crime Agency has called for an overhaul of the money laundering reporting system to deal with low-quality or unnecessary warnings.

The French National Gendarmerie has completed an 18 month money laundering investigation, which has resulted in the arrest of 18 suspects and the seizure of €4m worth of assets.

After almost a year of discussions, EU finance ministers have agreed to launch a regulatory body focused on fighting money laundering.

Australian Arctic Intelligence has announced a major change in its leadership, with COO Darren Cade taking over as CEO from founder Anthony Quinn, who will become the company's board director.