With a steep growth in fraud committed by employees - identifying and stopping it is a primary objective for internal audit, compliance managers and fraud prevention departments. Technology can make fraud detection, documentation and prevention more efficient and effective for these stakeholders.
Trade-based money laundering and electronic cash are two of the key topics that banking/security leaders should review in the FFIEC's newly revised Bank Secrecy Act and Anti-Money Laundering Examination Manual, according to anti-money laundering experts.
A review of the top news items you should be paying attention to this week, including:
Exclusive interview with former federal prosecutor Kim Peretti;
FFIEC issues revised AML/BSA exam guideline;
How to respond to vishing attacks.
Be sure to listen to this overview, and check out all of the week's news and...
Beware suspicious money entering the U.S. via politically exposed persons (PEPs). And be mindful of non-banking entities that are involved in illegal activities outside of current anti-money laundering (AML) regulations.
This is the advice from AML expert Kevin Sullivan, who offers insights on the newest...
If you thought 2009 was a tough year in terms of regulatory scrutiny, wait until 2010.
With regulatory reform and consumer protection high on the agenda, financial institutions should face new pressures on several fronts, say industry observers.
Here are the top regulatory issues for banking institutions to...