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Facebook Pinterest Twitter Linkedin Advancement has been planned and approved by the European Parliament in mitigating the Money Laundering regime and the EU is ready to launch a new and improved Anti-Money Laundering Action Plan. BREAKING: The European Parliament on Tuesday approved sweeping plans to overhaul the bloc’s anti-money laundering regime, including by establishing a …

The EU Parliament Proposed a New and Advanced AML Action Plan for Member States Read More »

Facebook Pinterest Twitter Linkedin Illegalities Exposed: Remittance Boom Draws Attention to Suspicious Transactions from Low-Mexican Population States   Nearly 8% of the record $58 billion that Mexicans mainly living in the US sent home last year appear to be linked to crime https://t.co/41r8m1EoHa — Bloomberg (@business) March 27, 2023 According to a recent study by …

Crime-Related Links Suspected in $4 Billion US-Mexico Remittance Flow Read More »

Facebook Pinterest Twitter Linkedin After a siege on the lender, regulatory authorities were convinced to take over Silicon Valley Bank, and First Citizens BancShares Inc. agreed to purchase the institution.   As per the announcement from the Federal Deposit Insurance Corporation, the Raleigh, North Carolina-based bank entered into a buy-and-take-over agreement for all of SVB’s …

Silicon Valley Bank Acquired by First Citizens Following Lender’s Rush Read More »

Facebook Pinterest Twitter Linkedin According to a recent report by Bloomberg News, Credit Suisse AG and UBS Group AG are currently being investigated by the US Department of Justice (DOJ) for allegedly aiding Russian oligarchs in evading sanctions. As part of this probe, the DOJ has issued subpoenas to employees of various US banks, including …

Bloomberg News: US Probes Russia-Sanctions Violations by Credit Suisse and UBS Read More »

Facebook Pinterest Twitter Linkedin A strategic partnership between TSG Global, A globally renowned software company, and Sevis Systems is announced which is set to launch trustable SMS services within their eCallMe!® platform could have a significant impact on digital identity management worldwide. By incorporating blockchain technology into the Trusted Number Identity Solution (TNID), TSG Global is creating …

TSG Global and Sevis Systems Partner to Launch Blockchain-based SMS Services for new Digital Identity Management solution Read More »

Facebook Pinterest Twitter Linkedin Alloy, a NewYork-based identity decisioning platform for banks has partnered with Kyckr, a leading KYC and KYB real-time data management platform for businesses. The partnership has opened doors for Alloy’s existing 250+ clients to enjoy streamlined KYB (Know Your Business) through the powerful KYB tool of Kyckr internationally. These clients also …

Alloy and Kyckr form an Alliance: Both partnered to streamline KYB checks for Corporate Global Compliance. Read More »

Facebook Pinterest Twitter Linkedin MANILA – In a move to step up the battle against money laundering and criminal funding, the Securities and Exchange Commission announced on Tuesday, that it has agreed upon a beneficial ownership Data Sharing Agreement (DSA) with significant government bodies. This agreement aims to enhance the exchange of information among the …

SEC Collaborates with Multiple Agencies to Combat Money Laundering Read More »

Facebook Pinterest Twitter Linkedin Gainesville – A former Florida lawmaker, who promoted controversial legislation named “Don’t Say Gay,” has been found guilty of being involved in the money laundering of COVID-19 relief funds and making false statements. According to the Department of Justice, an ex-Florida state representative, Joseph Harding has pleaded guilty to committing financial …

COVID Relief Funds Laundering: Former Florida Lawmaker’s Guilty Plea Carries a 35-Year Imprisonment Read More »

Facebook Pinterest Twitter Linkedin Syracuse, New York – A Kirkville resident, Michael Pupello – 35, was found guilty in court for being involved in illegal money transfers. The court announced the case by a special agent Thomas Fattorusso and United States Attorney Carl B. Freedman in charge of the Internal Revenue Service, Criminal Investigation (IRS, …

Explosive Revelation: Kirkville Resident Confesses to Laundering Money through Cocaine in Federal Court Read More »

Facebook Pinterest Twitter Linkedin New Delhi: Two former officials of the Delhi Jal Board, Ramesh Chand Chaturvedi and Raj Kumar Sharma, were imprisoned for three years by the court in case of money laundering. This case was registered by the Enforcement Directorate, who were dealing with this matter.   This case was heard by a …

Former Delhi Jal Board Officials Slammed with 3-Year Prison Sentence in Money Laundering Scandal Read More »