Placement is the first stage of the three stages of money laundering. At this stage, criminals attempt to enter the ‘dirty’ money into the financial system. This process can be dangerous because large ...

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 ...

The Defence Ministry fully respects the legal process that will be carried out in connection with a police report lodged over ...

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 ...

In the post-mortem of the $1.5 billion Bybit hack, two blockchain research organizations — Nansen and Chainalysis — have revealed the Lazarus Group’s money laundering strategy, which includes swapping ...

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 ...

In 2022, BioCatch, a software company that delivers advanced fraud protection, estimated that there are approximately two million mule accounts in the U.S., and about $3 billion in fraudulent ...

The beauty influencer was allegedly using a fake e-commerce website, hyboocare.com, as part of the alleged money laundering ...

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.

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 ...