money-laundering

RBI calls for preventing money-laundering through payment systems

March 20, 2009 - 4:10am | News | Payment systems

On Thursday the Reserve Bank announced the necessity to ensure the integrity of the payment and settlement systems against money-laundering and financing of terrorism in addition to the advancement of technology and payment mechanism. The systems need adequate firewalls to be put in place to manage the operational aspect of the system.

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War against e-currencies is a war against money laundering?

November 20, 2008 - 2:20pm | Fraud | News

Digital currencies allow account holders to electronically manipulate funds similarly to other types of funds transfer services. Digital currency account holders can move funds internationally in a manner that approximates money transfers or traditional wire transfers. The ability to conduct transactions in digital currencies is constantly available, making digital currencies more convenient than

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