Issues
Orasa Shirley Patterson, CAMS—Tampa, Florida
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...
Robert Hawkes Whitby—ON, Canada
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...
Three card monte of AML
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...
Taiwan: A case study on a Ponzi scheme and money laundering by Dream Company
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...
After the Filing: SAR Analysis from the Law Enforcement Perspective
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...
What We See Versus What You See
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...
Karen O’Brien, CAMS: The availability of funds can often make or break a case
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...
Tom Totton Muscat—Oman
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....
Anti-money laundering compliance in the money services business industry
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...