Money Laundering

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/Money Laundering

Cybercriminals targeting virtual worlds - McAfee

Cybercriminals are targeting online virtual worlds like Second Life and World of Warcraft to steal personal data and launder money, according to Internet security firm McAfee.

/Money Laundering

FRSGlobal buys Iris

Brussels-based risk and reporting vendor FRSGlobal has acquired Swiss outfit Iris integrated risk management for an undisclosed sum.

/Money Laundering

SEC launches AML site for mutual funds

The Securities and Exchange Commission (SEC) has unveiled an online one-stop reference service to help mutual funds meet anti-money laundering (AML) regulations.

/Money Laundering

China Industrial Bank deploys Teradata enterprise data warehouse

US-based Teradata says China Industrial Bank has implemented its data warehousing technology to centralise information management operations and processes.

/Money Laundering

E*Trade pays $1m to settle SEC AML charge

Online brokerage E*Trade has agreed to pay $1 million to settle claims that two of its units failed to comply with US anti-money laundering (AML) regulations.

/Money Laundering

BIS consults on AML role for intermediary banks

The Bank for International Settlement (BIS) has issued a consultative document seeking feedback on ways to address a current weakness in global anti-money laundering (AML) efforts - the lack of transparency in payment messages used for cross-border cover payments.

/Money Laundering

Citi in dialogue with FSA over AML issues for UK affluents

Citibank's International Personal Bank has temporarily closed its doors to new UK business while the Financial Services Authority runs the rule over its anti-money laundering procedures.

/Money Laundering

Prepaid accreditation scheme launched to counter negative publicity

The Prepaid International Forum has launched an accreditation scheme in a bid to combat concerns over alleged money laundering, aggressive marketing and poor customer service in the nascent industry.

/Money Laundering

DBS selects Actimize and Unisys for financial crime surveillance

Singapore's DBS Bank has signed for a financial crime surveillance system from Actimize, to be deployed by Unisys, that will monitor transactions and analyse potentially suspicious patterns across all its Asia Pacific operations.

/Money Laundering

Arab Bank rolls out Fortent AML technology

Jordan-based Arab Bank is implementing anti-money laundering (AML) technology developed by US risk and compliance systems vendor Fortent across its global operations.

/Money Laundering

Norkom signs St George Bank to AML software

Australia's St George Bank is implementing anti-money laundering and compliance software from Dublin-based Norkom Technologies.

/Money Laundering

Bank of Tokyo-Mitsubishi UFJ signs for Actimize AML technology

Japan's Bank of Tokyo-Mitsubishi UFJ is implementing anti-money laundering (AML) technology supplied by Actimize.

/Money Laundering

Money launderers abusing m-payments networks, US warns

The rise in mobile banking and payment networks across the world is creating new opportunities for money laundering and terrorist financing, according to a report by the US Department of State.

/Money Laundering

Allied Irish licenses Norkom AML software

Dublin-based Norkom Technologies has signed Allied Irish Bank (AIB) to its anti-money laundering and compliance software.

/Money Laundering

Mizuho to implement Fortent anti-money laundering technology

Japanese banking group Mizuho Financial is installing anti-money laundering (AML) technology from New York-based risk and compliance systems vendor Fortent across its domestic operations.

/Money Laundering

Swedbank licenses Norkom AML software

Sweden's FöreningsSparbanken (Swedbank) is implementing anti-money laundering and compliance software from Norkom Technologies across its group operations.

/Money Laundering

Detica signs HSBC to NetReveal

British banking group HSBC is implementing fraud prevention software supplied by UK business and technology consultancy Detica at its retail banking operations.