03Jul

High-Risk Countries for Money Laundering

On: July 03, 2018

The global fight against money laundering has led many countries to develop strict AML/CTF (Anti-Money Laundering/Combating the Financing of Terrorism) regimes. These regimes are designed to build programs that identify, trace, and prevent financial support to criminals, terrorists, or fraudulent merchants. As a result, countries that don’t have a...

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25May

Merchant Monitoring Systems Are Not Keeping Up with Criminals – 5 Must Haves to Stay Ahead

On: May 25, 2018

Laundering money once required a great deal of effort from a criminal standpoint; they had to set up or purchase a brick-and-mortar business, ensure it was seemingly running legitimately, keep clean books, hire and manage staff, and front a lot of operating expenses. As we collectively head into a...

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23May

Transaction Laundering is the New, Advanced Form of Money Laundering

On: May 23, 2018

Electronic Money Laundering, known as Transaction Laundering, is the digital evolution of money laundering and has become one of the biggest challenges facing the Anti-Money Laundering (AML) regime today. Transaction Laundering occurs when an undisclosed business uses an approved merchant’s payment credentials to process payments for another undisclosed store...

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21May

Why is Europe’s Online Privacy Regulation Impacting Merchant Risk Monitoring?

On: May 21, 2018

As the world copes with repercussions of the Facebook/Cambridge Analytica scandal, the Internet continue its struggle to find the right balance between global interconnectivity and the right to privacy. The General Data Protection Regulation (GDPR), enacted by the European Union (EU), comes online at an apt and interesting time....

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16May

The High Cost Banks Pay for Money Laundering

On: May 16, 2018

It’s a tough time to be a financial institution – big or small. In addition to the increasingly serious and sophisticated threats of cybercrime, and the tremendous financial and legal burden to mitigate those threats – banks and other financial services organizations are facing unprecedented regulatory pressure to adhere...

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