April 18, 2008
Bank Layoffs And National Security
In this article taken from Forbes.com, Sandy Jaffee, CEO of Fortent, talks about the impact of the current financial conditions on the compliance market and the need for banks to develop compliance strategies that are smarter, more cost effective, use fewer people and are right the first time. In this way, banks can weather layoffs and budget cuts without compromising their compliance goals and the societal needs of national security. (Forbes.com)
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March 31, 2008
Money Laundering Red Flags: How to spot risky scenarios
As insurers ramp up their anti-money laundering (AML) efforts to comply with federal regulatory requirements, firms must be aware of important “red flags” that indicate potential money laundering activity — and make sure their agents and brokers learn them as well.
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March 06, 2008
Release of First AML Exam Reports Should Provide Insight, Best Practices for Insurers
It shouldn't be long before the Internal Revenue Service begins lifting the veil on the first insurance company anti-money laundering examinations – and experts are predicting the reports will usher in a renewed appreciation for, and application of, AML procedures. This article from Insurance Compliance Insight looks at the market and explores best practises.
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February 04, 2008
Justice FCU Deploys New AML Tools
Justice Federal Credit Union is now using a hosted anti-money laundering solution from Fortent.
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January 22, 2008
Anti-Money Laundering - Together as one
Banks and regulators around the world need to work together to converge financial crime regulations to a global standard. . (International Banking System Journal's Middle East Supplement)
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Following the Money: Key Risk Factors in International Wire Transfers
One of the primary forms of money laundering involves wire transfers, which move funds quickly between accounts and jurisdictions. In a matter of hours, or even minutes, wires can move through multiple accounts, institutions, and time zones. (Australian Financial Markets Association (AFMA) - AML Magazine - Aug /Sep 2007)
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