"Know" Your Customer to Prevent Money Laundering
One of the biggest concerns of any financial institution – that is, any institution that routes payments between individuals / organizations, or...
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Fraud Prevention Tips (7)
Inside Money Laundering - Anti Money Laundering
The last several weeks have seen a number of noteworthy arrests for money laundering. A fugitive American, who pled guilty to money laundering...
ID Verification, Money Laundering and Regulatory Compliance
The last decade brought about a tumultuous change in financial institution regulations. Many pre-2000 “suggestions” or “guidelines” became hard...
Why Identity Fraud Persists Despite Regulation
If you read Part I of our blog series on identity fraud you almost surely remember the sum totals of the losses attributed to it - some $37 billion,...
Turning the Tide on Identity Fraud, Part I: The Costs
Two very important studies delving into fraud reports from 2010 were issued recently. The first, a Lexis-Nexis annually-released paper examined...
Online Gaming Networks: The New Front in Identity Theft Fight
Credit card processing servers. Poorly secured corporate networks. Point-of-sale terminals in gas stations and stores. These are just some of the...
Identity Authentication: ID Counterfeits Go High-Tech...and International
We have mentioned in a number of previous posts the international nature of many counterfeit money operations – and, as if to further reinforce how...
Money Counterfeiting Duo Printed Over $4 Million in Bleached Bills
How easy is it to create counterfeit money? Up until a few months ago, the Reid brothers would tell you it is the simplest thing in the world. For...