11Dec

Electronic Money Laundering: Digital Solutions for a Digital Problem

On: December 11, 2017

Technological innovations are rapidly changing the global banking landscape. While fintech startups are mainly focused on improving consumer interaction with the financial system, financial institutions are investing heavily in developing “behind-the-scenes” solutions for meeting the increasingly demanding regulatory compliance obligations. In the past few years, the financial ecosystem has...

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19Oct

Must Attend Talks at the Money2020 Conference for Payments and AML Professionals

On: October 19, 2017

To say that the financial services sector is being disrupted is probably the understatement of the century. This, of course, comes on the back of a number of drivers, namely the increasing use of online and mobile banking, changing consumer expectations and new technologies, such as machine learning and...

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10Oct

Top 10 Transaction Laundering Resources for Compliance Officers

On: October 10, 2017

Transaction Laundering is an advanced method of money laundering that runs rampant throughout the payments ecosystem. Despite the fact that it’s still below the radar of most KYC and AML professionals, forward-thinking compliance officers are taking it seriously. The reason? Liability. Imagine for a second that the players in...

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30Sep

A Brief History of Money Laundering

On: September 30, 2017

With all the talk of anti-money laundering (AML) activities, and given the emerging threat of digital money laundering (a.k.a. transaction laundering) we thought it would be a good time to get a historical perspective on money laundering itself. Money laundering, not surprisingly, is as old as taxation itself. As...

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13Sep

FTC Targets Transaction Laundering in Landmark Lawsuit

On: September 13, 2017

Does a lawsuit filed in Arizona by the US Federal Trade Commission signal a sea change in regulatory willingness to act aggressively against transaction laundering? A lawsuit filed in the United States District Court in Arizona at the end of July this year may be the tipping point in...

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