Tag Archives: AML

Demons of Gadara: Terrorism financing

John Cassara's book

Trent Smith interviewed John Cassara about his new book and what motivated him to write it. Cassara says he combined the things he learned as a former “street” agent with some of the things he’s learned from SAS. Cassara uses fiction to show some of the real challenges and dangers in terrorism financing.

Also tagged , |

Drowning in a sea of alerts

tuning_fork

Producing high volumes of low-value alerts can impact investigation effectiveness and regulatory report quality. High performance scenario tuning helps investigation staff be more efficient – improving compliance and reducing the risk of inaccurate or late regulatory reports.

Also tagged , |

How m-payments might be the global money-laundering machine of criminals’ dreams

mobile banking and cybersecurity

Millions of people now use their mobile phones for banking – and hidden among them are criminals. “M-payments will be one of the next big laundering methodologies that we have to confront,” says John Cassara, who spent 26 years as a covert CIA case officer and US Treasury agent.

Also tagged |

Combating blood money with big data

shadowy image of a criminal

“Illicit proceeds from crime are blood money, and blood money should have no place in the U.S. financial system.” The best defense against those illicit financial networks? Big data.

Also tagged , |

Our anti-money laundering efforts have failed

Cyberwar

John Cassara says that history has shown us that our efforts in anti-money laundering – following dirty money, identifying and taking away illicit proceeds, and punishing money launderers – is abysmal. What can we do to change this?

Tagged

Mobile payments, smurfs and emerging threats

Mobile Payments

M-payment remittances are replacing traditional banks and money services that have historically charged high fees for small transfers. The advantages and pitfalls of these M-payments for law enforcement and financial services are many. Former US Treasury Special Agent John Cassara maps what he sees in the road ahead and gives advice for protecting your firm.

Also tagged , |

Follow the money

Follow the Money

Trade-based money laundering can take many forms, from simple bartering to commodity exchanges. As long as the parties don’t get too greedy, they can go virtually undetected. John Cassara, former intelligence officer and Treasury Department special agent, invented the concept of Trade Transparency Units. Today, he talks about the value of analytics in countering trade-based money laundering.

Also tagged |

Analytics comes to AML, what RAD wants to know!

David Stewart

One approach to transaction monitoring is “tuning of scenario parameters,” but that can raise eyebrows in the regulatory community. Take a look at David Stewart’s suggestions for an analytical approach.

Tagged