AML and Fraud Get Together

November 2009
Bank Technology News;Nov2009, Vol. 22 Issue 11, p20
Trade Publication
An interview with several banking executives regarding the trends in fraud and anti-money laundering (AML) reporting, technology and regulation is presented. When asked about the usefulness of suspicious activity report (SAR), Lester Joseph of the U.S. Department of Justice, explains that SAR been used frequently compared to other things. Meanwhile, Amid Orad, Actimize Inc.'s marketing head, cites the usefulness of employee tips and hotline, as a major source of detecting employee fraud.


Related Articles

  • Banks make preparations to comply with Patriot Act. Dobie, Maureen // Indianapolis Business Journal;11/18/2002, Vol. 23 Issue 36, p37 

    Reports efforts of banks to comply with the provisions of the anti-money-laundering law called Patriot Act in the U.S. Effectivity of the law; Details of the implementation of the law; Preparations initiated by banks.

  • Banking Is 'Rock Solid'. Garver, Rob; Heller, Michele // American Banker;9/17/2001, Vol. 166 Issue 178, p1 

    Reports on the assessment made by leaders of the United States House Financial Services Committee that terrorist attacks on the Pentagon in Washington, D.C., and World Trade Center in New York City, had not significantly disrupted the U.S. banking industry. Warning of a need to tighten...

  • Laundering Bills Would Aid Prosecutors But Might Put Unequal Burden on Banks. BARANCIK, SCOTT // American Banker;11/12/1999, Vol. 164 Issue 218, p1 

    Reports on the introduction of two anti-money-laundering bills in the United States on November 10, 1999. Hearing on alleged money laundering lapse by private bankers at Citigroup Inc. and other institutions; Empowerment of federal judges to subpoena documents and testimony from foreign banks;...

  • House, Senate Seen Aligning Anti-Launder Bills. Garver, Rob // American Banker;10/12/2001, Vol. 166 Issue 196, p1 

    Reports anti-money-laundering legislation of banks to the House of Representative in the United States. Adoption of the House Judiciary Committee on anti-terrorism bill; Support on the anti-launder bill by President Bush; Evaluation of anti-money laundering controls of financial institutions.

  • Call to Arms on Treasury Review of Patriot I.D. Rules. Cantor, Douglas // American Banker;7/22/2003, Vol. 168 Issue 139, p4 

    The lopsided feedback on some controversial parts of a rule implementing section 326 of the USA Patriot Act prompted the American Bankers Association to try to rally its members, as of July 22, 2003. The Treasury Department has received about 3,000 comment letters on its plan to toughen the...

  • Suspicious Activity Filings At Record Pace in 1st Half. Blackwell, Rob // American Banker;11/21/2006, Vol. 171 Issue 224, p4 

    The article looks at how banks in the U.S. are on a pace to file a record number of suspicious activity reports for 2006 and examines data released by the U.S. Financial Crimes Enforcement Network. The article discusses filings on suspicion of identity theft and violations of the Bank Secrecy...

  • Smurfing: How an AML Law Tripped Up a Former House Speaker. Wilhelm, Colin // Americanbanker.com;6/1/2015, p1 

    The structuring law that former U.S. House Speaker Dennis Hastert stands accused of violating highlights how federal prosecutors use the banking system as leverage.

  • Laundering Remains Top Agency Priority. Vartanian, Thomas P.; Nelson, Travis P. // American Banker;11/17/2006, Vol. 171 Issue 222, p6 

    This article comments on the Bank Security Act and anti-money-laundering compliance. Compliance to the Bank Security Act and anti-money-laundering laws continued to dominate the national enforcement landscape in the first six months of 2006, followed by multigovernmental investigations and...

  • Can Banks Modernize Payments Without Fed's Nudge? Weekly Wrap. Todd, Sarah // Americanbanker.com;2/20/2015, p1 

    A recap of the informed opinions (and the discussions they generated) on BankThink this week, including the Fed's proper role in speeding up the payment system; the perennial TBTF debate; and the privacy implications of anti-laundering regulations.


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics