Anti-Money Laundering Technologies

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Anti-Money Laundering Technologies:

Anti-Money Laundering Technologies Technology Application Brief Podcast By: Shamise Quinn

What is Money Laundering?:

What is Money Laundering? Definition: The process of concealing the source of money obtained by illicit means.

Money Laundering Statistics:

Money Laundering Statistics

Why is Money Laundering Such a Threat?:

Why is Money Laundering Such a Threat? Finances Acts of Terrorism Threatens financial and economic stability Funds continuous criminal activity

The Money Laundering Process:

The Money Laundering Process Three major components of money laundering Placement Layering Integration

Anti-Money Laundering Laws:

Anti-Money Laundering Laws Bank Secrecy Act of 1970 Money Laundering Control Act 1986 Anti-Drug Abuse Act of 1988 Annunzio-Wylie Anti-Money Laundering Act (1992) Money Laundering Suppression Act (1994) Money Laundering and Financial Crimes Strategy Act (1998) USA Patriot Act 2001 Intelligence Reform & Terrorism Prevention Act of 2004

AML Technologies:

AML Technologies Artificial Intelligence Technology able to carefully monitor every transaction Identify suspicious transactions and patterns Learn and familiarize themselves with innovative laundering schemes

Impact of Anti-Money Laundering Technologies :

Impact of Anti-Money Laundering Technologies Client Risk Assessment Transaction Risk Measurement Behavior Detection Technology Workflow and Reporting Tools

The Human Factor:

The Human Factor Proper training of employees Skilled individuals Ensure clients are informed


Conclusion Money Laundering is a complex system Fight crime that uses technology with technology Advanced software and technology Strict legislation

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