money laundering RSS

AML/CFT framework, Cash, Daily news, EU AML Authority (AMLA), financial crime, Fraud & Security, money laundering, Regulation, Risk & Compliance -

Money laundering is about much more than white-collar crime. It is a process which fuels the activities of criminal gangs that are extremely harmful to European society as a whole.... read more

The post How to ramp up Europe’s fight against money laundering appeared first on Payments Cards & Mobile.

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Cash, Cyber Crime, Cyber Security, cyberattack, Daily news, Fraud & Security, money laundering, money mules -

A new report, ‘Follow the Money’, describes the complex web of money laundering, money mules, front companies and cryptocurrencies that criminals use to siphon funds from the financial system after... more

The post Follow the money: an investigation into money laundering tactics appeared first on Payments Cards & Mobile.

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Cash, Cyber Security, Daily news, E-Money, Fraud & Security, money laundering, money mules, Remittance, Risk & Compliance -

Research from Santander and former fraudster Tony Sales has exposed the dangerous hashtags on social media being used by criminals to recruit innocent – and particularly young – people into... more

The post The hashtags that could land you in jail appeared first on Payments Cards & Mobile.

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anti-money-laundering, Daily News, Fraud & Security, Issuing & Acquiring, money laundering, Remittance -

International efforts to combat money laundering – which latterly have been closely connected with frustrating tax evasion and aggressive tax avoidance – and to staunch the supply of money to terrorist organisations have been coordinated by the Financial Action Taskforce, and have resulted in various series of FATF Recommendations and Special Recommendations. This body of [...]

The post Anti-money laundering – blind justice or justice that turns a blind eye? appeared first on Payments Cards & Mobile.

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AML, anti-money-laundering, Daily News, Fraud & Security, Issuing & Acquiring, money laundering, Regulation, Remittance, Risk & Compliance -

In a week that saw the Australian banking industry under scrutiny, Danske Bank has also been extensively criticised and reprimanded by Danish regulators over weak or non-existent money-laundering controls that gave rise to suspected “criminal activities involving vast amounts of money”. The Danish Financial Supervisory Authority on Thursday gave the country’s largest bank eight reprimands and [...]

The post Danske Bank in trouble over weak anti money-laundering controls appeared first on Payments Cards & Mobile.

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