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Bank Systems & Technology March 7, 2005 Cynthia Ramsaran |
Banks Brace for New Antiterrorism Law It is too early to know how financial institutions will be affected and what systems will have to be in place in order for the government to monitor suspicious activity.  |
CIO July 1, 2002 Daintry Duffy |
Terror Transactions Bedevil Banks The burdens the new USA Patriot Act places on banks and financial institutions are creating a surge of interest in technologies designed to help companies identify potentially suspicious activity.  |
Managed Care May 2002 Melanie Brody |
Insurers Obligated To Fight Money-Laundering Schemes Federal antiterrorist legislation enacted last October requires that health insurance companies, along with an array of other financial institutions, should have adopted and implemented programs to combat money laundering by April 24, 2002  |
Bank Technology News March 2003 Holly Sraeel |
AML Tech Can Spot Patterns, Detect Odd Behavior Anti-money laundering technology is arming institutions with better tools to fight what the electronic age has made an even more difficult task, particularly with the anonymity of financial clearing and settlement systems and the ability to execute transactions in real time.  |
Bank Systems & Technology March 12, 2008 Maria Bruno-Britz |
Gov. Spitzer Exposed by Bank's Suspicious Activity Report Technology Although credit for exposing Spitzer's illicit trysts has been attributed to cell phone records, new evidence shows that his bank's suspicious activities reports also played a vital roll in blowing his cover.  |
Wall Street & Technology February 12, 2004 Jessica Pallay |
Hanging Launderers Out to Dry With the Patriot Act here to stay, Wall Street remains vigilant about hampering the efforts of money launderers.  |
Bank Systems & Technology February 27, 2006 Ivan Schneider |
The Devil's in the Details: Complying With the PATRIOT Act The new provisions become effective April 4, 2006.  |
Bank Systems & Technology January 30, 2005 Peggy Bresnick Kendler |
Anti-Money Laundering As concerns about terrorism and fraud intensify, money laundering has become both a compliance and a competitive issue, with attendant consequences. To respond effectively, banks must adopt a culture that fosters AML practices in addition to technology solutions.  |
Bank Technology News March 2003 Michael Grebb |
Banks dig in along the war's new front line in a high-stakes bid to stop money laundering Renewed federal efforts to stop money laundering and terrorist financing have strapped the banking industry with potentially more paperwork, obligations and record-keeping burdens than at perhaps any time in its history.  |
Bank Systems & Technology October 1, 2007 Peggy Bresnick Kendler |
Banks Are the First Line of Defense Against Money Laundering Databases and modeling tools are among the systems helping banks analyze the data required to understand customers, monitor millions of transactions and identify suspicious behavior.  |
OCC Bulletin June 16, 2004 Ann F. Jaedicke |
Bank Secrecy Act/Anti-Money Laundering The Commercial Bank of Syria has been designated as a financial institution of primary money laundering concern under the Patriot Act and special measures will therefore be imposed.  |
Bank Technology News February 2005 Shane Kite |
Processing: Automation Is A Patriotic Act For Transatlantic Miami bank is among those adopting a new wave of technology to adhere to tough anti-money laundering laws  |
| OCC Bulletin |
Designation of Nauru and Ukraine as Primary Money Laundering Concerns Planned measures by the Treasury under the USA PATRIOT Act.  |
Reason November 2003 |
Show Us Your Money The USA PATRIOT Act lets the feds spy on your finances. But does it help catch terrorists?  |
Bank Systems & Technology May 25, 2006 Katherine Burger |
For Your Own Good? Thanks to the PATRIOT Act and related legislation, banks and other financial institutions already are players in the government's efforts to track and act on money-laundering and other financial transactions that could fund terrorist activities.  |
OCC Bulletin March 28, 2002 |
Bank Secrecy Act/Anti-Money laundering Notice of proposed rulemaking and interim rule by the U.S. Treasury Department to implement provisions of the USA PATRIOT Act to combat money laundering and terrorist financing.  |
OCC Bulletin May 20, 2003 |
Bank Secrecy Act/Anti-Money Laundering Revocation of Designation of Ukraine as Primary Money- Laundering Concern... Proposed Rule Imposing Special Measures Against the Country of Nauru  |
Bank Systems & Technology October 21, 2007 Maria Bruno-Britz |
BB&T Adopts a Centralized Approach to Anti-Money Laundering As money laundering grows more global and real-time in scope, experts agree that it is vital for financial institutions to use more-flexible strategies to combat criminals. The result is a growing need for more-dynamic technology.  |
OCC Bulletin January 4, 2002 |
Bank Secrecy Act/Anti-Money Laundering Interim Guidance on Compliance with the USA PATRIOT Act...  |
Bank Systems & Technology March 29, 2006 Vicki Gerson |
Reporting for Duty South Africa's Nedbank purchased Searchspace's Anti-Money Laundering Solution, which included IBM as an implementation partner.  |
Insurance & Technology April 6, 2006 Maria Woehr |
Taking Action On AML Responding to The Treasury Department's Financial Crimes Enforcement Network mandate that life insurance companies establish an anti-money laundering program by May 2, 2006, Actimize and IBM will jointly deliver an AML solution to the industry.  |
Finance & Development September 1, 2002 Aninat et al. |
Combating Money Laundering and the Financing of Terrorism Money laundering and terrorist financing can threaten financial stability and economic prosperity, adding to the gravity of the underlying crimes. The IMF, working closely with the global community, is stepping up its efforts to fight these abuses.  |
OCC Bulletin June 21, 2002 |
Bank Secrecy Act/Anti-Money Laundering Title III of the USA PATRIOT Act authorized new measures to combat money laundering and terrorist financing. Section 312 of the act furthers this goal by requiring U.S. financial institutions to establish due-diligence policies, procedures, and controls to detect and report money laundering.  |
Wall Street & Technology October 27, 2003 Jim Middlemiss |
Finding a Needle in a Haystack One of the main difficulties in complying with the U.S.A. Patriot Act is sifting through the huge amount of information financial services firms process every day.  |
OCC Bulletin February 5, 2002 |
Bank Secrecy Act/Anti-Money Laundering A proposed rule will affect correspondent accounts for foreign shell banks and recordkeeping and termination of correspondent accounts for foreign banks...  |
Bank Systems & Technology March 27, 2008 Maria Bruno-Britz |
Spitzer Exposed by Bank's Anti-Money Laundering Technology The discovery of Eliot Spitzer's involvement with a prostitution ring can be attributed in great part to routine anti-money laundering processes and technologies.  |
FDIC FYI September 11, 2002 |
Progress in the Financial War on Terrorism This article summarizes the progress that has been made over the past 12 months in the financial war on terrorism.  |
Bank Technology News August 2006 |
Sizing Up Security: Are U.S. Banks Trailing U.K. Banks? If best practices are indeed what the U.S. banking industry seeks with regard to online security, they'll likely find some of the answers across the pond.  |
Bank Systems & Technology June 26, 2006 Deena M. Amato-McCoy |
Closing the Door on Criminals Banks need a consistent approach to fraud assessment and prevention, otherwise they will never truly get ahead of the problem.  |
Bank Technology News February 2004 Jeremy Quittner |
Say Goodnight to Money Laundering Dr. Jim Goodnight, CEO of SAS Institute, is knee-deep in helping banks fight money launderers. His next bet? Use business analytics to root out suspect behavior on Wall Street.  |
U.S. Banker May 2007 Lee Conrad |
Community Banks Struggle To Know 'Indirect' Clients Indirect channels to customers, particularly check-cashing services, reduce a bank's control of the customer and exposes it to potential money laundering. New products are stepping in to help.  |
OCC Bulletin August 16, 2002 |
Bank Secrecy Act/Anti-Money Laundering An interim final rule details special due-diligence programs for certain foreign accounts  |
Bank Systems & Technology June 16, 2008 Kristie Cattafi |
Fortent Launches AML 6.3 Fortent, a risk and compliance solutions provider, has rolled out the latest version of its anti-money laundering (AML) technology.  |
Bank Technology News April 2006 Glen Fest |
Fraud Prevention: Engaging More Than The Enemy Banks could improve anti-fraud measures if they provided tools that draft customers into the battle. But it's not that simple for an industry still rife with soft spots.  |
OCC Bulletin December 10, 2003 |
Burma Designated a Primary Money Laundering Concern Proposed rules imposing special measures against the Country of Burma and Myanmar Mayflower Bank and Asia Wealth Bank  |
OCC Bulletin October 16, 2002 |
Bank Secrecy Act/Anti-Money Laundering Final Rule: Anti-Money-Laundering Requirements for Foreign Correspondent Banks  |
The Motley Fool February 28, 2007 Mary Dalrymple |
They've Got Your Number How to safeguard your Social Security number.  |
Wall Street & Technology June 29, 2005 Maria Santos |
Time For a Change The compliance deadline for an anti-money laundering (AML) program may be more than three years old, but for financial services firms like TD Waterhouse, the AML fight is ongoing, with technology playing a large role.  |
U.S. Banker June 2007 Karen Krebsbach |
Is U.S. Serious on AML? Watch Macau. The U.S. may have ruined the reputation of a tiny Macau bank, but what about its account holders? Keeping the international financial system clean is one goal, but is it enough?  |
Searcher June 2003 Miriam Drake |
You Ain't Seen Nothin' Yet: Patriot II on the Way This article focuses on the government's data mining, information gathering, database building programs, and Radio Frequency Identification Chips.  |
Bank Systems & Technology May 16, 2008 Maria Bruno-Britz |
Pegasystems Releases Solution for Fraud and AML Investigation Management Pegasystems released a new business process management Solution Framework for fraud and anti-money laundering investigations management.  |
Bank Technology News May 2007 Larry Ponemon |
Consumer Privacy: Top Banks Must Guard Against Breach of Faith The good news for banks, according to a study, is that most customers trust them with their personal data. The bad news is that one misstep will cost them dearly.  |
InternetNews November 11, 2005 Jim Wagner |
Report: ID Theft Haunting Bank Customers Banks need to address the growing concern among their customers over ID theft, or risk losing them.  |
Bank Technology News March 2006 Glen Fest |
Money Laundering: Correspondent Bankers: How Much Is Enough? New Treasury guidelines on how banks are to comply with customer and asset identity don't smooth nerves frayed by high-profile busts for lax AML controls.  |
InternetNews February 22, 2007 Roy Mark |
Retailers to Hold Data-Breach Bag? Proposed legislation in Massachusetts would make retailers financially responsible for breaches of their databases that lead to consumer identity theft.  |
Bank Systems & Technology December 1, 2003 Ivan Schneider |
SIBOS/SWIFT Coverage: Big Brother/Big Sister Programs for Bankers Big banks look out for their little brethren.  |
OCC Bulletin October 16, 2002 |
Bank Secrecy Act/Anti-Money Laundering Final Rule: Special Information-Sharing Procedures to Deter Money Laundering and Terrorist Activity  |
Bank Technology News June 1, 2008 Chris Belthoff |
Effective AML Demands Centralization Taking steps to establish a financial intelligence unit has many benefits and few, if any, downsides.  |
AskMen.com Michael Hirsch |
How To: Deal With Identity Theft You probably don't think about it, but transactions you take for granted every day put you at risk for identity theft.  |
Bank Systems & Technology April 28, 2008 Paul L. Lee |
Integrating Systems Essential to AML and SAR Compliance To follow regulators' requirements, banks must leverage and coordinate compliance, risk management and IT department efforts.  |