Monthly Archive: June 2017

Technology Grows Human Capabilities and Intelligence in AML Compliance Software

Dan Adamson, President of DDIQ & Global Head of Cognitive Computing at Exiger, believes that technology is not a human’s rival, but an opportunity to grow our human capabilities. Combining both humans and technology will extend human intelligence, rather than… Read more >

British Citizen Pleads Guilty to Money Laundering Charges

Costas Takkas, a former general secretary of the Cayman Islands Football Association pleaded guilty to a money laundering conspiracy in connection with the U.S. bribery investigation involving FIFA, the international governing body of soccer. Takkas was one of 40 other… Read more >

Citigroup Pays $97.4 Million Fine to Settle Money Laundering Charges

For a number of years now, employees of Citigroup have been skeptical that the millions of dollars the bank was routing to Mexico were suspicious, however, the bank failed to forewarn regulators or look more closely at their monitoring system… Read more >

Money Laundering Activity in India Found Through Recent I-T Scans

Income-Tax scans were done on at least three multistate co-operative credit societies from Maharashtra, India. The three societies are under investigation for the alleged laundering of approximately Rs 1,390 crore ($21.6 million USD) of unaccounted money through various banking routes… Read more >