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Criminals Are Using Your Favorite Apps to Launder Money

1st of May 2018 - Jade Thomas
With the advent of online platforms came fraudulent schemes used to scam people out of their money, hack accounts and defraud internet users. The proliferation of peer-to-peer websites, online banking and cryptocurrencies is now having a huge impact on the ways criminals launder the proceeds of their crimes. How Do Criminals ‘Clean’ Dirty Money? Modern […] more

Press release

 

Quantexa Technology Helps HSBC Fight Financial Crime

Monday 9th of April 2018
London, April 2018 – Quantexa, the big data start-up, announces that its technology is supporting HSBC with the bank’s work to combat money laundering, following a successful pilot. HSBC will integrate Quantexa technology into its systems this year. The technology will allow HSBC to spot potential money laundering activity by analysing internal, publicly available, and […] more

Article

 

Why Are Banks Becoming More Susceptible to Money Laundering?

3rd of November 2017 - quantexa
Financial crime, especially money laundering, remains a complex issue for financial institutions to tackle. All banks have Anti-Money Laundering (AML) systems in place, yet global money laundering transactions are still estimated at 2 to 5 per cent of global GDP –   US$800 million and US$2 trillion – but only 1 per cent are seized by […] more
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