Topics: Anti-money Laundering

How Regulators Should Treat Virtual CurrenciesJune 13, 2013Regulators have turned an alert eye on the emerging virtual currency market, and it is only a matter of time before they formulate anti-money laundering and fraud prevention rules specific to the new market.
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More Bang for the FATCA BuckMay 10, 2013In the final article in a three-part series on FATCA compliance, we explain why banks need to look for solutions that help them collect and analyze customer identification information to help with compliance in multiple areas beyond FATCA.
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Can Your Bank Make the FATCA Deadline without Jeopardizing Your Business?March 29, 2013Over the next month Bank Systems & Technology will run a series of articles from experts at Capgemini concerning the upcoming FATCA regulations. This article, the first in the series, explores five strategies to meet the FATCA deadlines without h
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Proactively Adopting AML Best Practices Saves Money and Averts Government HeadachesMarch 15, 2013Most financial institutions have the same issue -- the AML department has more work than it does resources. How does a bank solve this?
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Rewriting the KYC PlaybookJanuary 18, 2013Banks must address the "V3challenge" -- questions around variety, velocity and vagueness -- in order to achieve better bank counterparty due diligence, as part of Know Your Customer compliance.
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The Top Challenges Facing Banking IT in 2013December 21, 2012As usual, bank IT department's will have much on their plates for 2013.
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Anti-Money Laundering: A Multi-Billion Dollar ProblemDecember 21, 2012It’s time for banks to get more serious about AML efforts.
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HSBC to Pay Record $1.9 Billion Fine in Money Laundering CaseDecember 11, 2012HSBC has agreed to pay a record $1.92 billion fine to settle a multi-year probe by U.S. prosecutors, who accused Europe's biggest bank of failing to enforce rules designed to prevent the laundering of criminal cash.
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Standard Chartered Fined $330 Million in Iran ProbeDecember 06, 2012Standard Chartered expects to pay $330 million to settle a case with U.S. regulators for breaking sanctions on Iran, the Asian-focused bank said on Thursday, a second such penalty which could almost wipe out its profit growth this year.
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Renaissance of Fraud Spurs New Approaches to Anti-Money LaunderingOctober 12, 2012Adopting a comprehensive approach to financial crime prevention, with greater reliance on analytics tools and collaboration among banks, regulators and law enforcement entities, was the theme of ACAMS' recent AML & Financial Crime conference.
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Financial Crimes Investigation Units: The Front Line in the War on Financial CrimesSeptember 17, 2012The 8th Annual Terrorism Financing and Money Laundering Forum aims to bring together banks and law enforcement to fight financial crime.
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RBS, Commerzbank Drawn Into U.S. Iran Money ProbeAugust 22, 2012U.S. authorities are investigating Royal Bank of Scotland and Commerzbank over possible breaches of sanctions on Iran, in a widening crackdown which has already cost Standard Chartered a hefty fine.
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Treasury Department Introduces New Head of Anti-Laundering Enforcement AgencyAugust 21, 2012The Financial Crimes Enforcement Network at the Treasury Department named Jennifer Shasky Calvery as its new director following recent money-laundering scandals.
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Standard Chartered's New York Nemesis Wins Deal But Makes EnemiesAugust 16, 2012Benjamin Lawsky played hardball with Standard Chartered Plc and a gauntlet of federal and New York regulators and prosecutors right up until the last hours of the $340 million settlement on Tuesday with the British bank over improper and concealed transact
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Compliance Costs Still A Concern A Decade After Patriot Act PassesOctober 10, 2011Deloitte polled more than 1,340 business leaders to find out their views on the effects -- and possible future effects -- of the Patriot Act.
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Bank of Ireland Chooses NICE Actimize Solutions for Financial Crime Protection April 05, 2011Bank of Ireland chooses NICE Actimize solutions for financial crime protection; seeks a holistic view of financial crime risk across the enterprise.
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Strategic vs. Tactical IT: Both Add Value -- Timing Is ImportantJanuary 24, 2011Which IT priorities -- strategic vs. tactical -- are right for the near, medium- and longer-term?
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Fiserv Launches New IAT Watch List Filtering SolutionFebruary 01, 2010Fiserv launches new IAT Watch List Filtering solution; monitoring tool helps financial institutions comply with new NACHA IAT rules.
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Oracle Financial Services Software Introduces Oracle FLEXCUBE Universal Banking Release 11.0January 07, 2010Oracle Financial Services Software introduces Oracle FLEXCUBE Universal Banking Release 11.0; Oracle FLEXCUBE Integration Lab launched with new release to demonstrate how to Integrate with existing web services.
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Al Hilal Bank Selects Norkom for Compliance, AMLNovember 17, 2009
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