Latest Money Laundering News: Finextra Research

France calls for Swift payments data access in fight against terrorism

In the wake of the Paris attacks, France's finance minister, Michel Sapin, says that European authorities need better access to Swift data in the fight against terrorism.

24 November 2015

News/Money Laundering

US prosecutors lay out charges connected to huge JPMorgan hack

US prosecutors have unveiled charges against three men accused of hacking into a host of major financial institutions, including JPMorgan Chase, and stealing the data of millions of people.

10 November 2015

News/Money Laundering

Competition watchdog urged to probe Oz bank 'collusion' in bitcoin shutdown

Queensland National Senator Matthew Canavan has called on Australia's competition watchdog to investigate the actions of the nation's banks in refusing to handle the accounts of bitcoin startups across the country.

23 September 2015

News/Money Laundering

Deutsche Bank backs blockchain potential

Deutsche Bank is the latest major financial institution to laud the potential of the blockchain, confirming that it is exploring the use of distributed ledger technology for everything from securities clearing and settlement to anti-money laundering registries.

31 July 2015

News/Money Laundering

US authorities extend Fifa probe to include banks - WSJ

US authorities are questioning a host of global banks over their role in handling bribes to executives of football's global governing body Fifa, and the effectiveness of their anti-money laundering systems.

24 July 2015

News/Money Laundering

Cash remains king for money laundering

Cash may be losing its lustre for the general public but it is still king for crooks looking to launder their ill-gotten gains, according to Europol.

08 July 2015

News/Money Laundering

Swift extends KYC Registry to funds and custody

Banking co-operative Swift is is extending the reach of its KYC Registry utility beyond correspondent banking to support Know Your Customer compliance requirements for funds distribution and custody services.

28 May 2015

News/Money Laundering

US authorities throw the book at Ripple Labs

Ripple Labs has been fined $700,000 by the US Financial Crimes Enforcement Network (FinCEN) in the first successful civil enforcement action against a virtual currency exchange.

06 May 2015

News/Money Laundering

Ex-federal agents charged with stealing Silk Road-related bitcoins

Two former federal agents have been charged with stealing hundreds of thousands of dollars worth of bitcoin during the investigation of the Silk Road dark web marketplace.

30 March 2015

News/Money Laundering

UK govt plans money laundering rules for digital currency exchanges

The UK government has set out its approach to digital currencies, vowing to start applying anti-money laundering regulation to exchanges but also promising to put cash behind research into the potential of blockchain technology.

18 March 2015

News/Money Laundering

Criminals turning to social media to recruit money mules

Organised criminals are turning to social media to recruit members of the public to act as unsuspecting money mules for laundering dirty cash.

04 March 2015

News/Money Laundering

New York state watchdog sets sights on bank money laundering systems

The New York State Department of Financial Services (DFS) is planning to step up the fight against money laundering by carrying out random audits of Wall Street banks' transaction monitoring and filtering systems.

25 February 2015

News/Money Laundering

Markit, Genpact sign 600 firms for KYC portal: appoint CEO

Markit and Genpact say that they have signed over 600 buy side firms and corporations for their KYC data sharing portal and named former Goldman Sachs man John May as chief executive of the utility.

11 November 2014

News/Money Laundering

Swift offers one year free access to KYC Registry

Swift will give free access to its new KYC Registry throughout 2015 to banks that contribute their own data to the service.

29 September 2014

News/Money Laundering

Bangladesh threatens jail time for bitcoin users

Bangladesh's central bank has warned that anyone using bitcoin in the country could face a jail term of up to 12 years.

16 September 2014

News/Money Laundering

Fintech players back UK's Startup Manifesto

Heavy hitters from the fintech community have backed a 'Startup Manifesto' offering recommendations to the next UK government on everything from tax to visas to bitcoin.

04 September 2014

News/Money Laundering

PwC fined $25m for whitewashing bank's sanctions violations

PricewaterhouseCoopers has been fined $25 million by New York State's financial watchdog after it sanitised a report for regulators into anti-money laundering at Bank of Tokyo-Mitsubishi UFJ (BTMU).

19 August 2014

News/Money Laundering

Swift signs more banks to KYC Registry

Interbank messaging network Swift has signed up another six major banks to its KYC Registry initiative as it gears up for a launch at the end of this year.

22 July 2014

News/Money Laundering

Romanian cybercrime network dismantled

European authorities say they have dismantled a Romanian-dominated cybercrime network that used a host of tactics to steal more than EUR2 million.

18 July 2014

News/Money Laundering

Former Credit Suisse banker becomes Coinfloor chairman

London-based bitcoin exchange Coinfloor has brought in Adam Knight, a former senior manager at Credit Suisse and Goldman Sachs, as executive chairman.

11 July 2014