Banks Are the First Line of Defense Against Money LaunderingOctober 01, 2007Databases and modeling tools are among the systems helping banks analyze the data required to understand customers, monitor millions of transactions and identify suspicious behavior.
Anti-Money Laundering January 30, 2005As concerns about terrorism and fraud intensify, money laundering has become both a compliance and a competitive issue, with attendant consequences.
What To Look For In Anti-Money-Laundering VendorsOctober 07, 2003One of the main difficulties in complying with the U.S.A. Patriot Act is sifting through the huge amount of information firms process every day.
Software Helps Banks Comply With Patriot ActSeptember 23, 2003As financial institutions scramble to comply with the federal government's Oct. 1 deadline for implementing strict customer-identification procedures, they're looking for technology to scour transactions for patterns of fraud.
Beyond ComplianceFebruary 28, 2003Banks spend millions on software that watches for suspicious transactions and unusual patterns. That's why Wachovia seeks ways to squeeze more value out of compliance tools by extending their use across the business.
Treasury Steps Up FBAR EnforcementMay 02, 2002As part of USA PATRIOT Act and anti-money laundering initiatives, the U.S. Treasury will crack down on people and businesses that fail to file Report of Foreign Bank and Financial Accounts (FBAR) reports.
Anti-Terror Law Puts Banks In The Hot Seat December 07, 2001IMLA-FATA places new responsibilities on banks to detect and trace funds held by criminals or intended for use by terrorists.
