O Canada – What Are You Going to Do About Money Laundering?

On: June 06, 2019

The State Department is hardly the only party to have noticed the massive money-laundering going on in the country. A new report by Canada's respect  C.D. Howe policy institute says that Canada “fails to catch money launderers 99.9 percent of the time,” while a report by the government of British Columbia says that...

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Banking on Security: Financial Crime, Politics, and the Age of Reputation Crisis

On: June 03, 2019

Irate customers, angry stockholders, doom and gloom reporters, even investigations by international law enforcement agencies – these are all just a few of the things a bank can expect if it gets caught up in a money-laundering scandal, where illicitly earned money is being used to fund criminal or...

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Keeping the Web Safe – It’s More Difficult Than You Think

On: April 11, 2019

The use of code words is just one method crooks and scammers use to sell their products and hide in plain sight from authorities, using the resources of the internet, from search engines to payment systems.

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It’s Unanimous: Congress Seeks Tech to Battle Digital Currency Money-Laundering

On: March 26, 2019

With more than $200 billion a year in losses due to transaction fraud, the need for the Financial Technology Protection Act is clear. EverCompliant CEO Ron Teicher discusses the bill’s aims, which have been met thus far with unanimous support from both sides of the aisle.

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As AML Compliance Fines Get Stiffer, AML Tech Stagnates

On: March 20, 2019

Even as regulations are getting tougher, criminals are getting more sophisticated and creative. In the latest money-laundering twist, thieves are using stolen credit card data to buy virtual currency in the wildly popular online game Fortnite and then selling them to players at deep discounts, getting clean funds from...

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