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 ...

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 ...

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.

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 ...

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 ...

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

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

This analysis explains how repeated amendments widened the reach of PMLA and strengthened enforcement agencies. The key takeaway is that the Act now impacts a broad range of individuals and ...

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 ...

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 ...