Transaction Laundering Criminals are finding new ways to exploit online payment infrastructures and conceal their illegal funds as banking services connect with eCommerce technologies. Transaction laundering is a new trend among internet criminals that reflects a digital version of traditional money laundering that has been largely ignored by regulators and financial service providers. [...]

Swift Go SWIFT Go is a watershed moment in the world of cross-border payments. The banking industry continues to face intense pressure to improve cross-border payments. To compete with Fintechs and other non-bank competitors, they must focus on facilitating rapid and frictionless transactions with complete transparency and good security. SWIFT released a new [...]

Ongoing Monitoring Ongoing monitoring entails taking steps to ensure that the firm's knowledge of its business ties is up to date, as well as reviewing transactions to ensure that they are compatible with the expected conduct and purpose of the business partnership. Many businesses are looking to automate this process to screen all [...]

Mexican Cartel Money laundering is a form of destructive conduct that criminals all around the world engage in. It is the process of transforming illegal revenues into "clean" money that cannot be traced back to its source. Money laundering, in addition to being a financial crime, is linked to other sorts of crime [...]

Money Laundering and Technology Technological advancements may make transaction monitoring and screening programs considerably more successful despite the obstacles. Analysts spend up to 80% of their time obtaining data rather than fixing problems, according to AML experts, so there's lots of room for new solutions to speed up the information-gathering process. Advances are [...]