Bangladesh's long fight against an informal remittance channel popularized centuries ago is inching toward a close, according to Atiur Rahman, the governor of the country's central bank.
Federal investigators believe that sales of synthetic cannabinoid products could have links to terrorist financing and criminal syndicates, according to a DEA assistant special agent in charge.
Somali pirates are exploiting remittance services offered by regional telecommunications companies to launder the proceeds of kidnapping and other crimes, according to the World Bank.
New York City investigators are concerned that several start-up companies selling mobile payment products may be giving criminals an easy means to defraud banks and individuals.
That mobile banking and cell phone remittances are drawing people into the formal global financial system is more an opportunity than a compliance problem, according to Jean Pesme.
As more financial institutions roll out mobile banking programs to extend their online services, they may be generating fresh opportunities for identity thieves, money launderers and financiers of terrorism, say privacy lawyers and data security consultants.
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