Category: Money Laundering

White-Collar Crimes are nonviolent crimes that are committed by businessmen and government professionals who commit a criminal act for financial gain, but there is one white-collar crime that would be considered the most dangerous form. Money laundering is the most dangerous form of White-Collar crime there is. When it comes to what would be considered…

Introduction Money is the fruit of evil, as often the root of it, a famous quote by novelist Henry Fielding (Henry Fielding Quotes, n.d., par 1). This quote quantifies what this presentation will be about today: money laundering. Money laundering is the process of taking the income from criminal activities and making them appear legitimate.…

Abstract The huge amount of Bank operations performed daily and extremely hard for Financial Institutions to spot malicious Money Laundering related operations. This really impact and generates the fear while performing financial activity. There are already some predefined heuristics are performed by Financial Institutions but still manual intervention required to identify the malicious activity. This…

Introduction The economic problems have taken a global dimension after the globalization. It has also increased the supply chain of products across the borders. Cross-border transaction of black money and money laundering are serious economic crimes, and it causes substantial impacts on the economic development of the world. The Illicit trade is the fountainhead of…

Introduction The case presented depicts a money laundering case. Money laundering is the illicit practice of covering up the source of illegally acquired money bytransferring it through a complex sequence of banking transactions or business dealings. In an ambiguous and indirect way, the general scheme of this method returns the ‘clean’ cash to the launderer.…

INTRODUCTION The case talked about the money laundering case of Maia Santos-Deguito a former Rizal Commercial Banking Corp. (RCBC) branch manager and her appeal to her sentence of a maximum of seven years in prison with a fine of $109.5 million. Deguito was accused of laundering money over the 2016 Bangladesh bank heist (Buan, 2019).…