Anti-Money Laundering

3月 202020
 

Watch list screening has been one of the rules with highest false-positive rate. Watch list screening has been one of the pillars for know your customer (KYC) and anti-money laundering (AML) regulatory requirements since the beginning. It was introduced to prevent known criminals (or known high risk entities) from utilizing [...]

A practical guide to improve the effectiveness of watch list screening was published on SAS Voices by Nuth Ratanachu-ek

3月 212017
 

Part 504 of the US Department of Financial Services Superintendent’s Regulations seems to significantly up the requirements for firms to conduct ongoing review and continuously improve their approach to anti-money laundering (AML) monitoring. But is it really very different from the intergovernmental Financial Action Task Force's broader suggestions to introduce [...]

Anti-money laundering requirements: Are the stakes increasing? was published on SAS Voices by Colin Bristow

10月 302015
 

Similar to claims fraud, money laundering is seen as a victimless crime, and often glamorized in movies and books. Think “The Wolf of Wall Street” and “Scarface”. But money laundering is a SERIOUS problem. According to a 2013 report, the United Nations Office on Drugs and Crime estimates that $1.6 […]

The post Unromancing the crime – Using analytics to pinpoint suspicious activities appeared first on The Analytic Insurer.

7月 012015
 

In my previous post, I talked to John Cassara, a former U.S. Intelligence Officer and Treasury Special Agent, about growing concerns over trade-based money laundering. I followed up with him about the growing threat of mobile payments and how mobile phones can potentially be used to launder illicit funds globally. Here are the […]

M-payments could take money laundering to new levels was published on SAS Voices.

4月 222013
 
SAS® Anti-Money Laundering noted for comprehensive case management, optimized data model and predictive analytics