ntelleWings Private Limited, an AI-powered and SaaS enabled AML/CFT (Combating the Financing of Terrorism) Compliance company, today announced that it has raised $650K in pre-Series…
Major Money Laundering Case Snares Lebanon’s Central Bank
Authorities in three European countries have frozen more than $130 million in assets linked to an investigation into money laundering in Lebanon, a European Union…
Microsoft Fires Whistleblower Employee for Exosing Corrupt Practices
A whistleblower has claimed that he was fired by Microsoft after bringing attention to bribes that were being conducted at the company. Yasser Elabd, the…
Lax Offshore Enforcement Has Allowed Russian Oligarchs to Skirt Sanctions
In July 2012, a shell company registered in the British Virgin Islands wired $20 million to an investment vehicle in the Cayman Islands that was…
US Banks Are Not Doing Enough to Stop Putin’s Money Laundering Network
Bill Browder spent a decade traveling the world raising the alarm over Vladimir Putin. “If you want to go after Putin, go after his money,…
Apple Executive Charged with Money Laundering
A former Apple worker has been busted for allegedly defrauding the tech behemoth out of $10 million by taking kickbacks, swiping equipment and laundering money.…
USAA Fails the Anti-Money Laundering Test
Federal regulators have fined USAA Federal Savings Bank, a century-old institution that mainly does business with members and veterans of the U.S. military, for failing…
Sanctioned Russians Rush to Use Crypto for Money Laundering
Life is tough for Russian oligarchs these days. One minute you are enjoying your yacht on the French riviera, the next moment your dictator has…
Three Important Ways Whistleblowers Can Protect Themselves from Retaliation
When you work in financial services, your boss is under extraordinary pressure to make sure that you do not share evidence or testimony of misconduct…
Banks Struggling to Keep Up with AML Regulations in Wake of Russia Sanctions
U.S. banks are treading carefully when it comes to sanctions against Russia, making sure to comply with a growing list of requirements while ensuring lawful…