Visible AML

AML News - May 2007

In March 2007, I created a new blog on Banking & Web 2.0: www.Visible-Banking.com.
I cover topics such as social networking, blogging, RSS feeds applied to online banking and mobile banking.

Money laundering & Mobile banking
More and more banks are launching mobile banking solutions for their retail customers and/or their business customers. The most recent banks to have launched a comprehensive mobile banking service in the UK are Barclays & ING Direct, and in the US Wells Fargo & Bank of America.

I have found an interesting article on money laundering and mobile banking.
25/05/07 Mobile banking poses laundering, security risks

AML Search on finextra (28/05/07)
Please find below the key AML news in May.
22/05/07  Fortent launches hosted version of AML platform
22/05/07  Korea Exchange Bank licenses Mantas AML software
16/05/07  KPMG adds AML expert Teresa Pesce to forensic practice
10/05/07  EastNets acquires Side International
02/05/07  Nigerian banks in rush to implement anti-money laundering software

AML Search on finextra (21/12/06)

AML search on finextra on 21/12/06: 46 results in the last 12 months.
6 new entries since last search.
* Ace has closed 2 deals
* Alert Global Media has been bought by Fortent

gtnews - Articles on AML

gtnews created a section to Financial Crime.

Please find below some interesting articles:
* Overview of China's New AML Law (28/11/06)
* Faster Payments and Dealing with Fraud (18/09/06)
* Anti-Money Laundering: Strategies to Success (29/08/06)
* Special Report on Money Laundering (18/07/06)
* Financial Crime in China (04/05/06)
* International Review of Anti-Money Laundering Laws (07/11/05)

Finextra - Company announcements (10/11/06)

Recent company announcements on finextra.

Deals
* Euronet implements Alaric fraud detection technology (08/11/06)
* First Rand Bank to use ACE Software to scan payments for AML compliance (07/11/06)
* Coastal Federal Credit Union licenses SAS AML technology (30/10/06)
* Latvia's Rietumu Banka signs for NetEconomy AML technology (23/10/06)

Appointments
* SunGard names Bill Nosal MD, compliance solutions; Meta Financial deploys Bancware (06/11/06)
* Saxo Bank appoints Michael Møller as global head, legal and compliance (30/10/06))
* Fortent adds Rich Green and William Janeway to board of directors (25/10/06)

Products
* ACI upgrades Proactive Risk Manager package (08/11/06)

Other
* Fortent and Ness establish Slovakia development centre (03/11/06)

AML Search on finextra (23/10/06)

AML search on finextra on 23/10/06: 47 results in the last 12 months.
4 new entries since last search.

Finextra - Company announcements (28/09/06)

Recent company announcements on finextra.

Deals
* Ireland's EBS Building Society deploys Carreker AML filter (06/09/06)
* Remittance outfit GroupEx contracts for Norkom AML technology (14/09/06)

Appointments
* Fortent names Kay LaBare as CTO (27/09/06)
* NetEconomy names Thomas van Cauwelaert European partner manager (26/09/06)
* Hubert de Linde joins TietoEnator as European sales director (14/09/06)
* World-Check appoints Rahul Sharma head of Apacs research team (11/09/06)

Products
* Fincentric adds Verafin AML technology to Wealthview Banking platform (22/09/06)
* Bankersalmanac.com to launch Due Diligence Alert at Sibos (27/09/06)
* ACE Software scoops five Swift Gold Labels (18/09/06)
* Experian enhances anti-money laundering package (14/09/06)
* ChoicePoint upgrades anti-money laundering technology (13/09/06)
* Texas vendor Amicus upgrades KYC service (08/09/06)

AML Search on finextra (28/09/06)

AML search on finextra on 22/08/06: 46 results in the last 12 months.
5 new entries since last search.

My Bookmark at Accuity

About Us - ACAMS.org

APPENDIX D - EQUIVALENCE STATUS OF OTHER COUNTRIES OR TERRITORIES AND THOSE WITH MATERIAL DEFIC

Association of Certified Anti-Money Laundering Specialists - ACAMS.org

Common Foreign Security Policy (CFSP) - Consolidated list of persons

Compliance Online - the UK financial services compliance portal

Country Pages - Western Europe

CZ - Money Laundering in Eastern Europe from International Professional Conferences UK

Deloitte Touche Tohmatsu Anti-Money Laundering Links in Europe

Deloitte Touche Tohmatsu Anti-Money Laundering

Deloitte Touche Tohmatsu - Global Financial Services Industry

Financial Technology Network

Finextra Research survey

finextra.com - Clean sweep

finextra.com

France - Contact FATF

France - FMA - Events

France - Investance - Spécialiste des marchés de capitaux et de la gestion d'actifs

France - Observatoire géopolitique des drogues

GEOS pressroom

Google Search KBC Bank NV

Governance

GRECO - Group of States against corruption (GRECO) website

http--www.complinet.com-kyccheck-kyccheck-pep.html

http--www.fatf-gafi.org-

http--www.int-comp.org-

http--www.jmlsg.org.uk-

http--www.moneylaundering.com-

http--www.world-check.com-more_information.html

IIR audit and risk conferences

IMOLIN

Intelligence Online's Back Issues

International Compliance Association

International Money Laundering Information Network

Latvia - http--www.likumi.lv-ALikumi-laundering_en.html

LE CONFIDENTIEL - Le GAFI, l’effort mondial pour combattre le financement du terrorisme

Le Web de l'AFEI

Les Archives d'Intelligence Online

Links for money laundering and corruption

Links

Lithuania - http--www.fntt.lt-eng-mlp

lutte anti-blanchiment

Lyons Commercial Data - OFAC Solution

MicroEdge - OFAC compliance, MicroEdge Solutions

Money Laundering - List of websites

Money Laundering International Conference in London UK

Money laundering

Moneylaundering.com - 1st Annual European Money Laundering Conference

Moneylaundering.com - from the publisher of Money Laundering Alert

Moneylaundering.com - Liste Europeenne...

Moneylaundering.com

NetEconomy - enterprise risk monitoring solutions for anti-money laundering and fraud detection

OCDE - Publication de nouvelles normes anti-blanchiment

OFAC Compliance Software includes USA PATRIOT Act Compliance

Publication de nouvelles normes anti-blanchiment

Ranking the Vendors of Anti-Money Laundering Solutions

SACO - Swiss Association of Compliance Officers - Providers

SACO - Swiss Association of Compliance Officers

Software Solutions

Switzerland - EBK CFB

Switzerland - Money Laundering Authority

Switzerland - MROS

Telekurs Financial - Products - Processing Products - Pep-Check

The Anti Money Laundering Network

The Egmont Group Contact Egmont

The Egmont Group Europe

UK - Compliance Online - the UK financial services compliance portal

UNODC - Global Programme Against Money Laundering

Wall Street & Technology Magazine Issue

Welcome to Anti-Money Laundering Reform Online

whatsnew

Worldcompliance - Terms_of_use

World-Check: Confessions of a money Launderer

Another clever marketing campaign from World-Check: Kenneth Rijok World Tour 2006

A former Money Launderer, Kenneth Rijock, joined World-Check a couple of months ago to write articles and speak at conferences all over the world.

Events in October 2006: Jersey, Guernsey and London.

World-Check -> almost 2000 clients

FinCEN's recent enforcement actions

FinCEN's recent enforcement actions
Download 20052006_enforcement_actions.doc

Securities processing sector seeks out AML solutions

Securities processing sector seeks out AML solutions
TowerGroup “Whereas we saw an early uptake of AML technology in the (retail) banking payments space, we now see that the convergence of the increase in crime rates and the growing demands of compliance regulations is driving the securities processing industry as well to seek out and implement technology solutions, such as AML, that can help them stop the haemorrhaging of losses and meet the challenges of industry regulations."
Source: Norkom's website