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Find here all the latest articles, news, and research on Money Laundering and other Money Laundering-related topics:

Find here all the latest articles, news, and research on Money Laundering and other Money Laundering-related topics:

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Santander reports an increase in money mule cases among young adults

News | Digital Identity, Security & Online Fraud | 09 Dec 2024

Santander has handled 22.467 money mule cases in the 12 months between October 2023 and September 2024 and published a report on its findings.

fraud prevention, money laundering, money scam, report, romantic scam

FINTRAC teams Up with US agencies for stronger financial security

News | Digital Identity, Security & Online Fraud | 06 Dec 2024

Canada's Financial Transactions and Reports Analysis Centre (FINTRAC) has entered into a memorandum of understanding with three US federal banking agencies.

partnership, money laundering, compliance, AML, regulation

South Korea investigates Upbit over alleged KYC violations

News | Cryptocurrencies | 18 Nov 2024

South Korea has ramped up its regulatory scrutiny of cryptocurrency exchanges such as Upbit, focusing on compliance with Know Your Customer (KYC) requirements.

cryptocurrency exchange, regulation, KYC, money laundering

Metro Bank fined nearly GBP 17 million by FCA

News | Online & Mobile Banking | 13 Nov 2024

Metro Bank has been fined nearly GBP 17 million by the UK’s financial watchdog FCA for failings in its money-laundering controls over four years.

banking, fraud detection, fraud management, money laundering, financial services, financial institutions

FATF concludes plenary, marks milestones on evaluations and monitoring

News | Digital Identity, Security & Online Fraud | 30 Oct 2024

The first Plenary session of the Financial Action Task Force (FATF) under the Mexican Presidency of Elisa de Anda Madrazo has concluded.

money laundering, fraud prevention, fraud detection, fraud management

Nigeria drops money-laundering case against Binance executive

News | Cryptocurrencies | 25 Oct 2024

Nigeria’s Economic and Financial Crimes Commission (EFCC) has dismissed a money-laundering case against Tigran Gambaryan, a senior executive at Binance.

cryptocurrency, money laundering, regulation, cryptocurrency exchange

TD Bank agrees to pay USD 3 billion in money laundering settlement

News | Online & Mobile Banking | 14 Oct 2024

Canada-based financial institution TD Bank has announced its agreement to pay over USD 3 billion, pleading guilty to criminal charges related to money laundering in the US. 

AML, regulation, money laundering, transaction laundering, transaction monitoring

Swedish FSA reprehends Klarna's failure to mitigate money laundering risks

News | Digital Identity, Security & Online Fraud | 10 Sep 2024

AI-enabled global payments network and shopping assistant Klarna has been criticised by the Swedish Financial Supervisory Authority for not advancing its money laundering prevention procedures. 

IPO, money laundering, regulation, risk management, KYC

UK officers break up GBP 55 million money laundering ring in Hackney

News | Digital Identity, Security & Online Fraud | 30 Aug 2024

A proactive investigation launched by UK police has uncovered an international network of ML via Chinese underground banking, valued at GBP 55 million.

fraud management, fraud detection, online fraud, fraud prevention, money laundering

Pav Gill on courage, whistleblowing, and building the Confide Platform

Interviews | Digital Identity, Security & Online Fraud | 26 Aug 2024

Pav Gill, Founder & CEO of the Confide Platform, discusses courage, whistleblowing, and the Confide Platform.


compliance, money laundering, AML, fraud management

ThetaRay acquires Screena to boost AI fincrime detection

News | Digital Identity, Security & Online Fraud | 31 Jul 2024

Provider of AI-powered financial crime detection technology, ThetaRay, has recently announced the acquisition of next-gen European screening company Screena.

 

acquisition, partnership, artificial intelligence, financial crime, financial institutions, AML, money laundering, terrorism, fraud detection, dark web, transaction laundering, transaction monitoring, transaction fraud, cloud, fintech

Coinbase fined GBP 3.5 million by FCA for serving high-risk clients

News | Cryptocurrencies | 26 Jul 2024

Cryptocurrency exchange Coinbase has been fined GBP 3.5 million by the UK's Financial Conduct Authority for providing payment services to high-risk clients.

cryptocurrency exchange, cryptocurrency, money laundering, fraud prevention

Hong Kong fines DBS Bank USD1.3 mln for AML law breaches

News | Digital Identity, Security & Online Fraud | 08 Jul 2024

The Hong Kong Monetary Authority (HKMA) has fined the local arm of DBS Bank USD 1.3 million for non-compliance with anti-money laundering law.

money laundering, regulation, compliance, banking, CFT

Nordea charged by NSK for breaching AML regulations

News | Digital Identity, Security & Online Fraud | 08 Jul 2024

European financial services group Nordea has been charged by Denmark’s Special Crime Unit (NSK) for breaching the country’s Anti-Money Laundering (AML) act between 2012 and 2015. 

regulation, AML, money laundering, financial crime, fraud management, fraud detection

EBA expands Travel Rule to tackle money laundering

News | Cryptocurrencies | 08 Jul 2024

The European Banking Authority (EBA) has expanded its Travel Rule guidelines to include cryptocurrency service providers and intermediaries.

cryptocurrency, regulation, money laundering, blockchain

TMNL adapts its operations to the AMLR

News | Digital Identity, Security & Online Fraud | 08 Jul 2024

Transaction Monitoring Netherlands (TMNL) has welcomed and adapted its business model and operations according to the EU's new Anti-Money Laundering Regulations (AMLR).

money laundering, CFT, banks, AML, data privacy, online security

Singapore strengthens its AML crypto exchange regulation

News | Digital Identity, Security & Online Fraud | 04 Jul 2024

Singapore has strengthened its regulatory framework against money laundering and the financing of terrorism, particularly in the context of cryptocurrency exchanges.

AML, cryptocurrency, cryptocurrency exchange, regulation, money laundering

Monaco and Venezuela included on the FATF's grey list

News | Digital Identity, Security & Online Fraud | 01 Jul 2024

The Financial Action Task Force (FATF), a global Anti-Money Laundering (AML) organisation, has included both Monaco and Venezuela on its ‘grey list’. 

regulation, compliance, terrorism, CFT, AML, money laundering

India passes the FATF's AML evaluation

News | Digital Identity, Security & Online Fraud | 01 Jul 2024

The Financial Action Task Force (FATF), a global Anti-Money Laundering (AML) organisation, has announced that India passed its review, achieving a high level of technical compliance. 

compliance, AML, money laundering, fraud prevention, report

Lynx launches money mule account detection tool

News | Digital Identity, Security & Online Fraud | 28 Jun 2024

AI software provider Lynx has announced the launch of its new Lynx Mule Account Detection product, aiming to stop organised crime and protect customers from fraud.

product launch, fraud management, fraud detection, online fraud, money laundering, AML