Tag: money laundering

Beleaguered lender Swedbank has responded to a damaging report revealing that more than €37bn worth of suspicious transactions flowed through the bank between 2014 and 2019.

One of the world’s biggest cryptocurrency exchanges might be about to introduce know your customer (KYC) procedures and people are not happy about it.

Ali Sadr Hasheminejad, owner of Maltese Pilatus Bank, has been found guilty of crimes breaching US sanctions against Iran and for money laundering offences.

Cryptocurrency exchange Binance will roll out peer-to-peer (P2P) trading for Brazilian Real, Argentine Peso, Colombian Peso, Mexican Peso and Peruvian Sol just weeks after digital money was tied to crime in the region.

While the growing number of money laundering scandals have confirmed the need to protect businesses against fraud, many analysts simply rely on Google.

Rana Kapoor, the co-founder and former CEO of Yes Bank, is facing money laundering charges and will be staying in custody until at least March 20, a court has decided.

The number of financial fraud attacks are on the rise, but RegTech companies 4Stop and ComplyAdvantage are hoping to fight back by partnering up.

Swedish lender Swedbank has named Rolf Marquardt as its new chief risk officer as the bank doubles down on its efforts to strengthen its anti-money laundering (AML) structures after the Danske Bank scandal.

A money laundering investigation into Swedbank has found that transactions totalling around $4.8m constitute as sanction violations.

The Financial Action Task Force (FATC) has placed Botswana, Ghana, Mauritius, Uganda and Zimbabwe on their grey list, meaning they need to do more to tackle money laundering and terrorism financing.