Money laundering coverage examines how criminals abuse financial systems, digital assets, and stolen data to conceal proceeds and evade detection.
Search across headline titles and summaries.
Background for this topic.
Money laundering is the process of disguising proceeds from crime so they appear to come from legitimate activity. Criminals may introduce funds into financial services, move them through layers of accounts or assets, and later withdraw or spend them as apparently lawful money. The activity can involve banks, payment processors, online marketplaces, virtual-asset services, and cash businesses; laundering and terrorist financing are related financial-crime concerns but are not identical.
Its information-security relevance is the protection and trustworthy operation of systems used to move and monitor money. Account takeover, stolen identity data, compromised payment APIs, and networks of mule accounts can help conceal transfers; virtual-asset services may add cross-border or pseudonymous transaction paths. Defenders support anti-money-laundering (AML) controls with strong authentication, access limits, tamper-resistant logs, customer and beneficiary verification, and analytics that flag unusual transaction patterns for human review. These systems handle sensitive personal and financial data, so privacy controls, data quality, and secure retention matter alongside regulatory compliance. Preserving relevant logs and transaction records supports investigation and reporting.
KPMG research finds money laundering accounted for the majority of fraud cases heard in the first half of 2024
Plus: Microsoft issues workaround for dual-boot crashes; ARRL cops to ransom payment, and more Infosec in brief Deniss Zolotarjovs, a suspected member of the Russian Karakurt ransomware gang, has been charged in a US court with allegedly conspiring to commit money laundering, wire fraud and Hobbs Act extortion.…