Money Laundering stories

Revolutionary platform Source debuts, promising to redefine AML compliance globally.

"As cybercrime converges with advanced persistent threat methods, cybercriminals are finding ways to weaponise new technologies at scale to enable more disruption and destruction."

Chainalysis is releasing its latest money laundering report analysing money laundering activity from the previous year. 

Intelligence systems meant to back up investigations into identity fraud, money laundering and other threats became so degraded at the Department of Internal Affairs that most staff avoided using them.

The decade-old rules-based systems cannot keep up with sophisticated cyberattacks and money laundering threats on their own, writes FICO financial crimes leader for APAC Timothy Choon.

With more competition in the venture capital space, and newer forms of investment from equity crowdfunding to angel syndicates, technology has an enhanced role to play.

Singapore-based AI startup Silent Eight has won the top spot at the RegTech Association Australia’s inaugural pitch fest this year.

Singapore must not tarnish its reputation as an international financial centre and transport hub by becoming a transit point for money laundering.

​A new report from Bromium has landed with a number of startling findings, including the confirmation of a bustling cybercrime laundry market.

Cybercrime prevention agency C6 Intelligence has expanded its Asia operations through the appointment of a new APAC managing director for the region.

“The legislation will help bring further legitimacy to exchanges operating in Australia, unlocking the benefits of digital currency usage."

In 2016 alone, approximately 15.4 million consumers were victims of identity theft or fraud, resulting in $16 billion in losses.

New Zealand-owned vendor AML360 has been named a leader in the global anti-money laundering software marketplace alongside IBM and Oracle.