All Editions Archives - Page 150 of 160

Aspects of APAC, March – May 2012

Anti-money laundering implementation in Indonesia

March 1, 2012March 5, 2015 /Leave a comment

Indonesia's initial regulation on anti-money laundering (AML) began in 1992, when the legislation was enacted prohibiting the endorsement of bank paid-in capital derived from potential money laundering activities. This was followed by the issuance of PBI No. 3/10/PBI/2001 concerning Know Your Customer Principles on...

March – May 2012, Meet the ACAMS Staff

Money laundering and snowflakes

March 1, 2012March 13, 2015 /Leave a comment

Larissa C. Bernardes has been with MoneyLaundering.com/ACAMS since 2007. Previously, she worked as a senior supervisor at SunTrust Bank, where she handled customer service inquiries and monitored account transactions. Bernardes studied English literature at Florida International University. ACAMS Today: Describe your typical work day?...

Aspects of APAC, March – May 2012

Penerapan Anti Pencucian Uang di Indonesia

March 1, 2012March 5, 2015

Terkait anti pencucian uang, Indonesia sudah melakukan regulasi tersebut sejak tahun 1992 dengan cara melarang penyetoran modal bank yang berasal dari hasil pencucian uang yang disusul kemudian dengan penerbitan Peraturan Bank Indonesia No. 3/10/PBI/2001 tentang Penerapan prinsip Mengenal Nasabah (Know Your Customer Principles) pada...

March – May 2012, Regulatory Initiatives

Revenue Enhancing Legislation: FATCA or Fiction

February 29, 2012June 3, 2024 /Leave a comment

The U.S. Foreign Account Tax Compliance Act (FATCA) is designed to stop the flow of money from the United States into untaxed offshore accounts and raise revenue by collecting unreported earnings. But, while FATCA takes a giant step in closing the loophole through which tax...

March – May 2012, Regulatory Initiatives

Iran Sanctions: A Big Deal

February 29, 2012June 3, 2024 /Leave a comment

Those who have visited the northern Tehran suburb of Lavizan can attest to the magnificent beauty of its park. Lavizan is home to one of the finest parks in Iran's capital city. But its natural beauty belies its military significance: Lavizan is the epicenter of...

March – May 2012, Practical Solutions

Critical Incident Management: Roles & Responsibilities of AML/Compliance Leaders and Officers

February 29, 2012April 6, 2015 /Leave a comment

Data intrusion, Ponzi schemes, natural disasters, health pandemic emergencies, branch robberies, terror threats and attacks, cyber attacks, and "occupy" events, among others, pose risks to assets, people and reputation. These events and others fall within the description of critical incidents. As mandated by government regulations...

March – May 2012, Practical Solutions

Pizza Logic

February 29, 2012April 6, 2015 /Leave a comment

At a suspicious activity report (SAR) Review Team meeting a case is presented about a pizza shop repeatedly making daily cash deposits of $9,900. When asked who among the law enforcement agents would volunteer to take on an investigation a long pause ensues. Finally an...

March – May 2012, Practical Solutions

From Terabyte to Petabyte: Finding the Bad Guys in the Age of Big Data

February 29, 2012April 6, 2015 /Leave a comment

Information overload has become a two-way street. We are exposed to a constant stream of data every day—consuming it from social networks, mobile phones, PDAs, the Internet and other sources. But we also give back. Data is collected from each interaction with technology. These massive...

Global Financial Crime Review, March – May 2012

SADC-UNODC—A Regional Initiative to Combat Crime in Southern Africa

February 29, 2012April 7, 2015 /Leave a comment

Not only do international organizations such as the United Nations have an important role to play in developing frameworks for combating crime and enforcing prevention, regional organizations are also strongly engaged in supporting individual countries' efforts to mitigate the risks attached to economic crimes such...

Compliance, March – May 2012

Enforcement Actions Target Employees Who Fail to Report Suspicious Activity

February 29, 2012April 22, 2015 /2 Comments

I have been working in anti-money laundering (AML) for more than a decade and rarely have found public actions as interesting as two published by the Financial Industry Regulatory Authority (FINRA) in December 2011. Most enforcement actions that have been discussed within the industry have...

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All Editions

Anti-money laundering implementation in Indonesia

Money laundering and snowflakes

Penerapan Anti Pencucian Uang di Indonesia

Revenue Enhancing Legislation: FATCA or Fiction

Iran Sanctions: A Big Deal

Critical Incident Management: Roles & Responsibilities of AML/Compliance Leaders and Officers

Pizza Logic

From Terabyte to Petabyte: Finding the Bad Guys in the Age of Big Data

SADC-UNODC—A Regional Initiative to Combat Crime in Southern Africa

Enforcement Actions Target Employees Who Fail to Report Suspicious Activity