EverCompliant, the pioneer of Electronic Money Laundering Detection and Prevention (also known as Tr...: EverCompliant, the pioneer of Electronic Money Laundering Detection and Prevention (also known as Transaction Laundering), announced a strategic investment from American Express Ventures, which joins existing investors Arbor Ventures, Carmel Ventures, StarFarm Ventures and Nyca Partners. EverCompliant will use the funds to ramp up its team and continue to optimize and develop new technology. Transaction Laundering occurs when a fraudster uses a legitimate online merchant account to funnel illegal transactions through a merchant processor, online marketplace or other merchant service provider.