Individually, banking institutions, law enforcement agencies and regulatory boards understand the risks of money-laundering crimes.
But collectively, in active collaboration, they could do much more to prevent, detect and investigate these crimes, says AML expert Kevin Sullivan.
In an exclusive interview in...
Individually, banking institutions, law enforcement agencies and regulatory boards understand the risks of money-laundering crimes.
But collectively, in active collaboration, they could do much more to prevent, detect and investigate these crimes, says AML expert Kevin Sullivan.
In an exclusive interview in...
The U.S. Treasury's Office of Foreign Assets Control (OFAC) maintains a list of individuals and organizations that represent security risks to the U.S., and businesses are required to screen their customers and transactions against this list.
But how does one filter correctly and interpret aliases properly to stay...
The U.S. Treasury's Office of Foreign Assets Control (OFAC) maintains a list of individuals and organizations that represent security risks to the U.S., and businesses are required to screen their customers and transactions against this list.
But how does one filter correctly and interpret aliases properly to stay...
We've already discussed some of the biggest news and breaches of 2008. But what about some of the people who made the news?
Following is a look back at some of 2008's major newsmakers - and where they are today.
Red flags, vendor management, business continuity and disaster recovery. If banking/security leaders thought that 2008 was a challenging year for keeping up with regulatory mandates, the old rock and roll song's lyrics say it best: "You ain't seen nothing yet."
Based on expert insight, the following 10 regulatory...
Mobile Payment Systems, Social Media, Facebook and LinkedIn. These are among the targets of the modern-day money launderer, and it behooves your institution to understand and prepare for them. Register for this webinar to hear directly from money-laundering investigator Kevin Sullivan:
The...
Anti-money laundering has been one of the dominant stories in financial services this year, and the trend isn't likely to abate anytime soon.
In this exclusive interview, attorney and AML expert Ross Delston discusses:
The latest AML trends, including Trade-Based Money Laundering;
How institutions are...
Interview With AML Expert Ross Delston
Anti-money laundering has been one of the dominant stories in financial services this year, and the trend isn't likely to abate anytime soon.
In this exclusive interview, attorney and AML expert Ross Delston discusses:
The latest AML trends, including Trade-Based...
Identity theft red flags, business continuity planning, vendor management - these topics all have received fresh attention from the regulatory agencies this year. And with more to come before year's end.
So, as a way to both reflect and project, we take a look at the Top 6 Regulatory Issues of 2008 - and identify...
Interview with Investigator Kevin Sullivan
At the heart of the Bank Secrecy Act (BSA) and the core of any good Anti-Money Laundering (AML) program is the Suspicious Activity Report (SAR), which all financial institutions - banks, credit unions, brokers, casinos, insurance companies, etc. - must file when...
The clear message from banking regulators in their Senate testimony is: Banks are hurting.
The follow-up question is: Exactly how badly are they hurting, and how will their pain trickle down to impact information security programs and priorities?
The blaring headlines about New York Governor Eliot Spitzer's fall from power brought the public's attention to a relatively hidden group of people that financial institutions must keep their eyes on - the politically exposed person (PEP).
Are banks and credit unions required to monitor PEPs? The answer is "Yes" or...
The era of Suspicious Activity Reports (SARs) in the United States began with the Annunzio-Wylie Anti-Money Laundering Act of 1992, which required regulated financial institutions to report transactions that they suspected might involve illicit funds or purposes.
You may ask yourself every time you complete a SAR,...
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...
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