Applying artificial intelligence (AI) to counter global money laundering efforts poses challenges. The abundance of data can be overwhelming, and money movements are massive, nonstop and produce ...

Money laundering is “crucial” to all financially motivated crime because it’s what enables criminals “to access the funds they generate from their activities,” the team at Chainalysis explains.

The Enforcement Directorate (ED) has arrested an imposter trying to threaten agency investigators and interfere in its ...

MONEY LAUNDERING HELPS ILLICIT ORGANIZATIONS by lowering their cost of capital, giving them a competitive advantage over legitimate businesses. NEITHER GOVERNMENT OFFICIALS NOR THE BUSINESS community ...

According to the 2023 Public Edition of the Basel AML Index, the average global money laundering (ML) and terrorist financing (TF) risk level increased from 5.25 in 2022 to 5.31 in 2023, where 10 is ...

After two Manhattan Contrarian posts in the last month on the subject of anti-money laundering (AML) regulation ( here from November 24 and here from December 9 ), the topic is suddenly in the news.

Discover white-collar crime, its types, and real-world examples such as securities fraud and money laundering, with cases ...

A former member of Paraguay’s congress was sentenced Thursday to nearly three years in federal prison for her role in a $2 million international money laundering conspiracy with ties to New Jersey and ...

Binance and its former CEO Changpeng “CZ” Zhao are facing a new class-action lawsuit from three crypto investors who say they couldn’t recover their stolen assets because the exchange failed to ...

The financial-crimes watchdog in Canada is mulling hitting TD Bank (NYSE:TD) with a more than C$10M (US$7.43M) fine, accusing the lender of unsatisfactory anti-money-laundering controls, according to ...

The article explains that GST violations alone do not trigger PMLA unless they are connected to a scheduled predicate offence ...