June – August 2013 Archives

June – August 2013, Member Spotlight

Orasa Shirley Patterson, CAMS—Tampa, Florida

June 5, 2013May 29, 2015 /Leave a comment

Orasa Shirley Patterson is a senior AML compliance analyst at Citigroup in Tampa, Florida. Patterson supports the Periodic Transaction Review (PTR) by analyzing transactions and transaction patterns related to Foreign Correspondent Bank client activity. Patterson assists in boosting the robust KYC processes, ensuring Citi’s compliance...

June – August 2013, Member Spotlight

Robert Hawkes Whitby—ON, Canada

June 4, 2013May 29, 2015 /Leave a comment

Robert Hawkes’ career spans 23 years in police service. He is a member of the Durham Regional Police Service, Intelligence Unit—Asset Forfeiture and the team leader for the Provincial Asset Forfeiture Unit. In the last eight years he has been assigned to the Proceed of...

AFC Challenges, June – August 2013

Three card monte of AML

June 3, 2013March 19, 2018 /1 Comment

In this old hustler’s game three cards are shifted right before your eyes with the promise of a payout if you can still pick out your card following some seemingly innocuous card shuffling. Many have lost many dollars before realizing it was the dealer’s verbal...

Aspects of APAC, June – August 2013

Taiwan: A case study on a Ponzi scheme and money laundering by Dream Company

June 3, 2013March 20, 2018 /Leave a comment

This article is presented as an example of effective anti-money laundering efforts in detection and investigation when there is cooperation between private and government sectors as well as a strong collaborative effort between various governments and internal departments. Mr. Chia-Jui (Mike) Lan, whose investigative work...

AFC Challenges, June – August 2013

After the Filing: SAR Analysis from the Law Enforcement Perspective

June 3, 2013March 20, 2018 /Leave a comment

Somewhere in a secret location near Washington D.C., teams of law enforcement analysts are reviewing suspicious activity reports (SARs). Law enforcement task forces around the country are meeting on a routine basis to discuss and review SAR filings, and local police departments may also be...

AFC Challenges, June – August 2013

What We See Versus What You See

June 3, 2013March 21, 2018 /1 Comment

In the early morning hours at a quiet neighborhood a homeowner awakes to banging on his front door. The homeowner opens his door to find a young adult male bleeding profusely on his doorstep. A call is made to 911 and officers are dispatched. Once...

Interviews, June – August 2013

Karen O’Brien, CAMS: The availability of funds can often make or break a case

June 3, 2013March 21, 2018 /Leave a comment

Karen O'Brien currently owns Global Compliance Solutions, a company dedicated to assisting businesses with anti-money laundering compliance. She previously served as a police officer with the Toronto Police Service for 16 years, spending the last five years as a sergeant in the Fraud and Forgery...

June – August 2013, Member Spotlight

Tom Totton Muscat—Oman

June 3, 2013May 29, 2015 /Leave a comment

Thomas Totton is a senior banking professional with over 30 years of experience in a variety of roles for numerous financial services companies. He is a qualified banker, a Fellow of the Institute of Chartered Accountants in Ireland and a graduate from University of Ulster....

Compliance, June – August 2013

Anti-money laundering compliance in the money services business industry

June 3, 2013April 3, 2018 /Leave a comment

Money services businesses (MSB) — including money transmitters and foreign exchange providers — are at least a multi-trillion dollar industry, ranging from small, owner-operated businesses to sophisticated, global organizations. Compliance with anti-money laundering (AML) laws and regulations in this industry is perceived to be fractured...

Compliance, June – August 2013

The regulators role in BSA/AML supervision

June 3, 2013April 3, 2018 /Leave a comment

The following article is based on a review of the testimony of U.S. Comptroller of the Currency, Thomas J. Curry, before the Committee on Banking, Housing, and Urban Affairs of the U.S. Senate on March 7, 2013. The testimony provides insight into the supervisory approach...

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The Fraud Boom: Examining the Surge

June – August 2013

Orasa Shirley Patterson, CAMS—Tampa, Florida

Robert Hawkes Whitby—ON, Canada

Three card monte of AML

Taiwan: A case study on a Ponzi scheme and money laundering by Dream Company

After the Filing: SAR Analysis from the Law Enforcement Perspective

What We See Versus What You See

Karen O’Brien, CAMS: The availability of funds can often make or break a case

Tom Totton Muscat—Oman

Anti-money laundering compliance in the money services business industry

The regulators role in BSA/AML supervision