Latest figures show that 2017 was another record-breaking year for Bacs Payment Schemes Limited (Bacs), with over 6.34 billion payments, worth a total in excess of £4.9 Trillion, processed by Read More
One third (32%) of Britons would apply for a job as a money mule, helping criminals to launder money. That’s the finding of an experiment carried out by Santander to Read More
Transferwise is moving another step closer to banking territory with the expansion of its “borderless” account and debit card for consumers. Transferwise launches consumer “borderless” account and debit card The Read More
Bitcoin, despite its stratospheric price, is losing its allure with some of its earliest and most avid fans, the criminals, giving rise to a new breed of cryptocurrencies. Privacy coins Read More
Western Union is to pay $60 million AML fine to resolve allegations that it failed for more than a decade to maintain a program to deter and report transactions involving Read More
Ant Financial, the digital payments arm of Alibaba, has been forced to abandon a merger with MoneyGram, having failed to satisfy the US government that the deal posed no risk Read More
New research from Ovum reveals that North American commercial banks are continuing to increase their investment in real-time payments (RTP). The report “The rise of real-time payments in North America”, commissioned Read More
As HSBC escaped the threat of criminal prosecution for having allegedly laundered at least $880m for Mexican drug barons, it does not feel coincidental that the bitcoin frenzy lifted the Read More
