Money Laundering stories
DIA accused of being soft on vendor who delivered faulty software
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.
Is the 'fast follower' mentality holding back anti-money laundering in Australia?
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.
How the best tech deals get done using tech
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 scoops Australian RegTech award
Singapore-based AI startup Silent Eight has won the top spot at the RegTech Association Australia’s inaugural pitch fest this year.
ACIP releases best practices to stamp out financial crime in Singapore
Singapore must not tarnish its reputation as an international financial centre and transport hub by becoming a transit point for money laundering.
Cybercriminals laundering $200b in ill-gotten gains – here’s how
A new report from Bromium has landed with a number of startling findings, including the confirmation of a bustling cybercrime laundry market.
C6 Intelligence expands Asia footprint with new managing director
Cybercrime prevention agency C6 Intelligence has expanded its Asia operations through the appointment of a new APAC managing director for the region.
FinTech industry welcomes Govt's anti-money laundering rules for digital currencies
“The legislation will help bring further legitimacy to exchanges operating in Australia, unlocking the benefits of digital currency usage."
Intel and BNZ use AI to detect money laundering
In 2016 alone, approximately 15.4 million consumers were victims of identity theft or fraud, resulting in $16 billion in losses.
Kiwi-owned AML360 getting noticed in global AML market
New Zealand-owned vendor AML360 has been named a leader in the global anti-money laundering software marketplace alongside IBM and Oracle.