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Bank Systems & Technology
February 21, 2008
Nancy Feig |
Regulators Focused on Anti-Money Laundering Anti-money laundering professionals believe a risk-based approach is critical to the success of an AML program, the survey reveals.   |
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. |
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. |
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. |
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. |
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. |
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 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
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
March 30, 2007
Maria Bruno-Britz |
Banks' AML Strategies May Increase Risk Factors While technology can assist a bank's anti-money laundering efforts substantially, there's no one-size-fits-all solution. |
Bank Systems & Technology
April 28, 2008
Robert Binney |
Shrewd Leveraging of Technology and Staff Key to Achieving Cost-Effective AML Compliance It is critically important for banks to use effective technology, streamline their investigations processes, automate workflows and enhance staff training. |
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. |
Bank Systems & Technology
April 25, 2008
Gregory J. Calpakis |
Knowledgeable Personnel and Flexible AML/CFT Programs Are Banks' First, Best Line of Defense The most important aspect of an effective program for anti-money laundering and combating the financing of terrorism is people. It is critical for an organization to have staff who are knowledgeable and experienced and continuously receive training. |
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. |
Wall Street & Technology
June 22, 2004
Jim Middlemiss |
Taking AML to the Next Level Investment-management firms are beginning to leverage anti-money laundering technology for more than anti-money laundering. |
Wall Street & Technology
April 21, 2004 |
Expansive Training Essential To AML Program Success Just because you have the right technology in place to combat money laundering doesn't mean your AML program will be successful. |
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. |
Wall Street & Technology
July 27, 2004
Jessica Pallay |
Analyzing AML Audits After years of preparation, regulators are ready to see the fruits of Wall Street's hard work on anti-money laundering. |
OCC Bulletin
January 4, 2002 |
Bank Secrecy Act/Anti-Money Laundering Interim Guidance on Compliance with the USA PATRIOT Act... |
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 Technology News
May 2007 |
The Six Regulatory Areas That Are Altering Bank Life Regulation is a part of bank life. Failure to comply shouldn't be. |
Bank Systems & Technology
October 28, 2004
Ivan Schneider |
CSI: Financial Services Bankers can take a more proactive role in preventing crimes from occurring and discovering suspicious activity as it happens. |
Bank Systems & Technology
March 11, 2004
Cynthia Ramsaran |
Compliance Watch Helps Westpac NZ Keep Up with New Regs New system will help bank strengthen AML processes |
Financial Planning
April 1, 2007
Jane Worthington |
Compliance Tips Although many investment advisors don't handle client assets, each advisor should maintain written policies and procedures to prevent and detect possible money laundering schemes. |
U.S. Banker
December 2004
Karen Krebsbach |
Fear Factor The banking industry is feeling blindsided. Stunned by the recent escalation in anti-money-laundering enforcement-punctuated by the International Bank of Miami, AmSouth and Riggs cases--the industry is on the defensive. |
Bank Systems & Technology
February 10, 2004
Jim Eckenrode |
The More Things Change... For big banks, retail's over half the pie. |
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. |
Bank Systems & Technology
February 18, 2009
Sabatini & McAvoy |
Smart Tech Decisions Can Optimize AML Performance Three key steps can increase the value of any investment in anti-money laundering technology. |
Bank Systems & Technology
February 10, 2004
Paul Kurgan |
Truth & Consequence Don't let compliance foil your business. |
Wall Street & Technology
March 21, 2006
Cory Levine |
3 Keys to Effective AML An expert offers anti-money laundering advice to financial firms: 1. Risk Assessment... 2. The Four "Musts" That Are Looked at by Regulators and Law Enforcement... 3. Know Your Customers and Know Your Employees... |
Bank Technology News
April 2004 |
By The Numbers When it comes to compliance technology spending, internal IT remains the biggest investment for financial institutions. But more firms are opting to buy rather than build. |
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. |
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
October 2007
Glen Fest |
Compliance: Anti-Money Laundering Regs Remain Banks hoping for some deregulatory AML/BSA relief apparently found few traces of U.S. Treasury Secretary Hank Paulson's magic dust in the updated FFIEC examination manual. |
Bank Technology News
March 1, 2008
Glen Fest |
Bankers Taking On Goods-Based Fraud Bankers are struggling to track anti-money laundering activity, due to a lack of in-house expertise to interpret the data sets of prices, companies, products and countries they re expected to document. |
Wall Street & Technology
November 19, 2007
Melanie Rodier |
Asia Tops World for Money Laundering Risk A global survey of senior anti-money laundering compliance officers identified Asia as the region currently experiencing the greatest increase in money laundering risk. |
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 |
Bank Systems & Technology
June 1, 2005
Phil Britt |
Building a Better Money Laundering Trap After seeing the stiff fines imposed on larger financial institutions, executives at Provident Bank wanted to make sure the bank had a strong, automated method to handle anti-money laundering reporting requirements |
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. |
On Wall Street
September 1, 2013
Kenneth Corbin |
Money Laundering Among Regulators' Top Priorities Now is the time to bone up on your firm's anti-money laundering policies and learn how to spot the funny money. |
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. |
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. |
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. |
Bank Systems & Technology
March 4, 2009
Maria Bruno-Britz |
Creating Enterprisewide AML Program Is Huge but Necessary Task A panel at the annual SIMFA financial crimes conference gave attendees suggestions for obtaining a holistic view of their AML risk with efficient use of technology and procedures. |
U.S. Banker
November 2007
Lee Conrad |
In Pay Raises, Small Banks Outpace the Broader Industry According to America's Community Bankers' annual compensation survey, chief information officers/chief technology officers saw an 11.2 percent increase in their base salaries at community banks between 2006 and 2007. |
Bank Director
1st Quarter 2010
Ivan Garces |
Considering a Bank Acquisition? Don't Forget BSA and AML Considering a potential acquisition? Don't forget to assess the target bank's compliance with the Bank Secrecy Act and Anti-Money Laundering regulations and the impact of the acquisition on your bank's own AML program. |
Investment Advisor
May 2007 |
Group Think The AML Source Tool helps broker/dealers comply with legal and regulatory requirements relating to anti-money laundering... The FPA has a new partner... The American Library Association and the NASD Investor Education Foundation are... etc. |
Bank Technology News
January 2006 |
Better Info Security Driven By Regulatory Compliance If information security is to become a strategic priority, then banks can start by reviewing existing practices -- their own and that of those companies with which they do business. |
Bank Technology News
May 2003
John Adams |
Age of Tech's Transparency The Patriot Act could be just the beginning |
Bank Technology News
October 2003
John Adams |
Vendors Trade On Enforcement Patriot Act authentication rules become official this fall, and financial IT vendors are ratcheting up their pitches to sell Patriot-compliant systems and services. |
