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Danske Bank, Denmark’s largest bank, has been found guilty of defrauding US banks through money laundering, and will pay a $2 billion penalty. The bank pleaded guilty in the US... read more
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Law enforcement from 25 countries, supported by Europol, Eurojust, INTERPOL and the European Banking Federation (EBF) have joined forces to crack down one of the most important enablers of money... read more
The post 2,469 arrested in worldwide crackdown against money laundering appeared first on Payments Cards & Mobile.
The US has imposed sanctions on Tornado Cash, a crypto “mixing service” that they say has laundered more than $7 billion over the past three years and helped North Korean... read more
The post US sanctions Tornado Cash over systematic money laundering appeared first on Payments Cards & Mobile.
The European Banking Authority (EBA) has launched its central database for anti-money laundering and counter-terrorist financing (AML/CFT). This European reporting System for material CFT/AML weaknesses, EuReCA, will be central to... read more
The post EBA launch EuReCA -a central database for AML and counter-terrorism financing appeared first on Payments Cards & Mobile.
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.