Given the news in recent weeks - the controversy surrounding New York's ex-Gov. Eliot Spitzer, the $15 million fine assessed against United Bank for Africa, PLC - we knew the crime of money laundering had taken on a life of its own.
But who knew that it also had crept into Second Life?
Real crimes in the virtual...
Q & A with Lexis-Nexis' AML Compliance Expert Debra Geister
Debra Geister is director of fraud prevention and compliance solutions at LexisNexis' Risk and Information Analytics Group, and has spent more than 10 years in the anti-money laundering (AML) compliance arena. We recently interviewed her on what she sees...
From Second Life to former NY Gov. Eliot Spitzer, anti-money laundering has dominated the news in 2008. To gain new insights in the latest trends, threats and solutions, we interviewed veteran AML investigator Kevin Sullivan on:
What's new in BSA compliance;
How AML has evolved over the past decade;
What's most...
Just over one year ago, James H. Freis, Jr. was appointed Director of the Financial Crimes Enforcement Network (FinCEN), the U.S. regulatory body charged with battling the crime of money laundering. In this role, he leads FinCEN's efforts to administrate the Bank Secrecy Act (BSA), cracking down on both money...
Ken Rijock is a former banking attorney at an international law firm. He's also a former money launderer.
He spent the 1980s as a money launderer and advisor to drug traffickers, until he was arrested and served a U.S. federal prison sentence for racketeering and money laundering. While serving his sentence, he...
Annual Security Event Offers Plenty to Financial Institutions
Risk management and the insider threat.
These are the two dominant themes emerging from the conversations and presentations at the RSA Conference in San Francisco.
From the keynote stage to the expo floor, with stops in between at the program...
Risk management and the insider threat.
These are the two dominant themes emerging from the conversations and presentations at the RSA Conference in San Francisco this week.
From the keynote stage to the expo floor, with stops in between at the program sessions, information security experts, vendors and...
Interview with AML Investigator Kevin Sullivan
From Second Life to former NY Gov. Eliot Spitzer, anti-money laundering has dominated the news in 2008. To gain new insights in the latest trends, threats and solutions, we interviewed veteran AML investigator Kevin Sullivan on:
What's new in BSA compliance;
How...
Imagine living in a country where electronic voting is universal, there are 39 million Internet users, and 25 million of them are also Internet banking users.
Welcome to Brazil, whose online banking services and lessons-learned were presented to attendees at the RSA Conference on Tuesday.
According to Maria...
Interviews Shed Light on Topics of Unique Interest to Banking/Security Executives
The annual RSA Conference is a showplace for the who's who of security solutions vendors. The event showroom is lined with scores of the industry's leading vendors - no one individual could hope to see them all.
So, the Information...
The online virtual world is a 3D computer-based online role playing game and/or environment. The game takes place online and can have thousands of people playing simultaneously with borderless restrictions and little regulation. It is more formally described as a computer-based simulated environment. This type of...
Just last week a group of 19 mortgage fraudsters were indicted in a California federal court after a multi-year investigation by the FBI and IRS dubbed "Operation Homewrecker."
This case, along with other recent mortgage fraud cases, brings to the forefront a growing threat: Mortgage fraud. And it underscores the...
Interview with Anthony Aiello of TD Commerce Bank
Anti-money laundering, the Bank Secrecy Act, Suspicious Activity Reports - these were arcane terms to many people ... until the Eliot Spitzer scandal came along and made them into household topics.
In this interview, Anthony Aiello, Vice President of Private...
Of all the emotions stirred by last week's scandalous resignation of New York Gov. Eliot Spitzer ( Anti-Money Laundering Reports Help Take Down NY Governor), the hottest words exchanged in the banking community are over the Suspicious Activity Reports (SARs) that tipped off investigators to the ex-governor's alleged...
It was the scandal that rocked the banking world. French Bank Societe Generale recently revealed details of a disaster created by a rogue insider who cost the institution $7.2 billion in fraudulent trades. It was the biggest such scandal in history.
We recently spoke with Linda Najim and Jason Gaswirth of Diamond...
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