Register here for the FinScan webinar on PEP and Sanctions screening on Thursday, December 5, 2013 from 12:00 PM – 1:00 PM EST “Many people use a “one-size-fits-all” approach when screening for PEPs, with one set of matching rules and matching against all records on the PEP database. If loose matching rules are used, this … Continue reading »
Monthly Archives: November 2013
What are Virtual Currencies?
Have you read about Virtual Currency? Virtual currency is a medium of exchange that operates like a currency in some environments but does not have all the attributes of real currency. In particular, virtual currency does not have legal tender status in any jurisdiction. A convertible virtual currency either has an equivalent value in real currency, … Continue reading »
Financial Crimes Enforcement Network (FinCEN)
What is FinCEN and what does it do for our nation? As a part of the Department of the Treasury, FinCEN is focused on combatting money laundering and terrorism financing. Director of FinCEN, Jennifer Shasky Calvery, testified in front of the Senate Committee on Homeland Security and and Government Affairs on Monday, November 18. Check … Continue reading »
Upcoming ACFCS Webinar, November 13, 1-2 EST
Banks Lack Ammo to Fight Cyber Crime “The rise of the information society has provided a wealth of opportunities for organizations to enhance services to customers through new channels. These have helped save time, money and effort from an operational perspective. But on the opposite end, cybercriminals are finding new ways to exploit weaknesses and … Continue reading »
Bloomberg Reports Pay Raises for Bank Risk Officers in Asia Higher than in New York
“Salaries for banks’ risk and compliance officers in Singapore and Hong Kong rose at about twice the pace of pay for similar positions at New York and London firms amid a shortage of skilled staff members,” Bloomberg reports. Check out the rest of the article here. Continue reading »