LAUNDERING, (Home-Institution)

Home laundering can leave bacteria on uniforms.

AI Fights Money Laundering

group were representatives from the FBI, Interpol, the Financial Action Task Force, and a host of other international and national financial regulators and investigators. 9/11 represented a massive failure of international controls, and clearly only radical change would prevent something similar from happening in the future. What troubled the committee and international agencies was that the wh...

Money Laundering: Methods and Markets

The first stage in the process is placement. The placement stage involves the physical movement of currency or other funds derived from illegal activities to a place or into a form that is less suspicious to law enforcement authorities and more convenient to the criminal. The proceeds are introduced into traditional or nontraditional financial institutions or into the retail economy. The second...

Money laundering—a global obstacle

One of the biggest obstacles to maintaining an effective operating international financial system is money laundering. A global phenomenon and international challenge, money laundering is a financial crime that often involves a complex series of transactions and numerous financial institutions across many foreign jurisdictions. In addition, money laundering is also extremely difficult to invest...

Technologies for Detecting Money Laundering

t the core of all wire transfer monitoring proposals are one or more computer technologies. Many of these technologies rely upon techniques developed in the field of artificial intelligence (AI). Others involve computer graphics and statistical computing. Wire transfer monitoring proposals generally involve a combination of technologies, institutional structures, and reporting requirements. Fou...