News
Money Laundering
What is Money Laundering? Money laundering is the illegal process of making large amounts of money generated by a criminal activity, such as drug trafficking or terrorist funding, appear to have come...
8.11.2020
8.11.2020
Leased Bank Guarantee
What Is a Leased Bank Guarantee? A leased bank guarantee is a bank guarantee, which is leased to a third party for a specific fee. The issuing bank will conduct due diligence...
8.11.2020
Bank Guarantee vs. Letter of Credit: What’s the Difference?
A bank guarantee and a letter of credit are both promises from a financial institution that a borrower will be able to repay a debt to another party, no matter what the...
8.11.2020
What Is a Bond?
A bond is a fixed income instrument that represents a loan made by an investor to a borrower (typically corporate or governmental). A bond could be thought of as an I.O.U. between...
8.11.2020
Credit Line
A credit line is a type of Bank lending in which the Bank undertakes to issue funds to the borrower in the amount and within the terms specified in the agreement. Unlike...
7.11.2020
Protecting European citizens and financial institutions from cybercriminals
SWIFT joins forces with other major EU infrastructures to fight cyber threat SWIFT, as part of the Euro Cyber Resilience Board for pan-European Financial Infrastructures (ECRB) information sharing working group, established by...
7.11.2020
How cyber attackers ‘cash out’ following large-scale heists
The report highlights the ingenuity of money laundering tactics to obtain liquid financial assets and avoid any subsequent tracing of the funds. For instance, cyber criminals often recruit unsuspecting job seekers to...
7.11.2020
What is a Unique End-to-end Transaction Reference (UETR)?
A Unique End-to-end Transaction Reference (commonly known as a UETR) is a string of xx unique characters featured in all payment instruction messages carried over SWIFT. What is a UETR? A Unique...
6.11.2020
Malaysian, Cambodian Indonesian titles arrested for alleged underground gambling money laundering
TAIPEI (Taiwan News) — Chuang Chou-wen (莊周文), a billionaire chairman of a financial holding headquartered in Taichung, Taiwan, has been arrested for his alleged connection to illegal gambling and money-laundering, and as...
6.11.2020
Tana Hanlon Arrested at Heathrow Airport, about to board a plane to Dubai, with £2M cash))
A BRITISH woman who allegedly tried to fly to Dubai with almost £2million in five suitcases has denied money laundering. Tana Hanlon, 30, was stopped at Heathrow Airport’s Terminal 2 as she...