Virtual currencies increasingly feeding TBML operations says DEA
Drug traffickers and money launderers are increasingly incorporating virtual currency into trade-based money laundering (TBML) activity as the use of these currencies becomes more widely adopted according to the US Drug Enforcement Administration (DEA). The administration’s recently published National Drug Threat Assessment 2020 says reporting…
Surecomp integrates ThetaRay to mitigate TBML and ATM risks for banks and corporates
Canadian fintech Surecomp, which specialises in global trade finance solutions for banks and corporates, has announced a partnership with cyber security and big data analytics company ThetaRay for its detection platform to be live on the Surecomp Marketplace platform. Fully integrated with Surecomp’s back-office trade…
