Tag: money laundering
NEW YORK/ATHENS/MOSCOW (Reuters) – A U.S. jury indicted a Russian man on Wednesday as the operator of a digital currency exchange he allegedly used to launder more than $4 billion for people involved in crimes ranging from computer hacking to drug trafficking. Alexander Vinnik was arrested in a small beachside village in northern Greece on […]
As compliance costs continue to rise, HSBC has partnered with AI startup Ayasdi to fight money laundering more efficiently. Ayasdi will help HSBC to automate parts of its anti-money laundering (AML) compliance and investigation processes that have traditionally been conducted manually by thousands of compliance officers. Despite advances in technology, traditional AML investigations in banking […]
Look, I don’t mean to imply that everyone who wants to keep cash, and in particular high-value banknotes, in circulation is doing so only to help to minimise the costs of criminal enterprise and to facilitate money laundering on a grand scale. That would be ridiculous, On the other hand, though, there does seem to […]
LONDON (Reuters) – A company that provides banks with anti-money-laundering controls has teamed up with a bitcoin security firm to try to curb nefarious uses of the digital currency, such as drug trafficking and terrorism financing. LexisNexis said the new service it has created with London-based startup Elliptic would bring bank-grade AML controls to bitcoin […]
NEW YORK (Reuters) – Chainalysis Inc, a New York City-based startup specializing in countering money laundering and fraud in the digital currency industry, is collaborating with Europol’s European Cybercrime Center, the company said on Thursday. The agreement, in the form of a memorandum of understanding, comes as digital currencies such as bitcoin are becoming more […]
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