money laundering RSS

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.

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

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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

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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.

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.