Identity Resolution Daily Links 2007-09-04
[Daily Post from Infoglide Software] Knowledge Center: Jeff Stein — Don’t Let Others Shrink Your Profits
“These are some scary numbers for the small- to mid-size business owners who do their very best to make a profit, let alone retain their profits. So what can you do to help prevent and deter losses from occurring in your business without the resources and funds of a large corporation?”
ABA/ABA Money Laundering Enforcement Conference
“Enforcement actions and penalties continue to mount. You are spending countless dollars and hours on AML/BSA compliance – how can you be certain your policies and procedures are meeting current exam expectations?”
The Metropolitan Corporate Counsel: Lessons Of The Transaction Lookback
“Recent years have seen a growing list of financial institutions undertaking voluntary or regulator-requested reviews of previously performed transactions to identify unusual or potentially suspicious activity. Generally, the exercise is undertaken because regulators have judged that an institution’s anti-money-laundering controls and transaction monitoring systems have been inadequate to surface and stop money laundering or terrorist financing.”
The Terror Finance Blog: The Terror Finance Blog: Reverse Money Laundering and H.R. 3146
“In 2003, Stefan Cassella, Deputy Chief of the Asset Forfeiture and Money Laundering Section of the U.S. Department of Justice posited a question: ‘What about criminals who are using clean money to commit crimes in the future?’ He called this scenario, ‘reverse money laundering.’ Mr. Cassella concluded that law enforcement needs to look forward, as well as backward.”
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