Monthly Archive: August 2017

Changes Being Made to Enhance Safety in Cross-Border Wire Payments

Are Policy and Safety Enhancements Enough to Make Cross-Border Payments a Game Changer in Today’s Marketplace? Cross-border payment systems provide businesses with a way to internationally manage their money just as if they were local in each individual country.  This… Read more >

Commonwealth Bank of Australia Accused of Anti-Money Laundering Scandal

The Commonwealth Bank of Australia (CBA) is accused of failing to report more than 53,000 “serious and systemic” breaches of anti-money laundering (AML) laws involving at least four criminal syndicates and over $44 million Australian dollars. This month, Australia’s financial… Read more >

eBay and PayPal Used to Allegedly Help Fund Terrorists

“This case demonstrates how terrorists exploit modern technology to inculcate sympathizers and build hidden networks, but federal agents and prosecutors are working tirelessly and using every available lawful tool to disrupt their evil schemes.”  ~ U.S. Attorney Rod J. Rosenstein… Read more >

Amazon Faces Federal Investigation for Selling Goods to Iranian Officials

If an eCommerce giant like Amazon is unable to flag illegal sales to terrorists for five years, how are other eCommerce businesses managing their trade compliance?, Inc. (“Amazon”) (AMZN), the Seattle based electronic commerce (eCommerce) conglomerate, is currently involved… Read more >