Effective Fraud Management: Moving Beyond Current Operating Models

Protecting a bank’s customers – from small depositors to high-profile clients – requires multilayered prevention and detection methods that use multiple analytical techniques coupled with intelligent use of rules.

In this whitepaper, SAS outlines how Bank of America has implemented such methods to fight payments fraud. Learn how Bank of America is earning customer trust amid new expectations and embracing the growing role of entity risk analysis, and find out which finds fraud better – models or rules.

Download the SAS whitepaper on «Effective Fraud Management: Moving Beyond Current Operating Models»

Cyberrisk in banking – key industry threats and responses ahead

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 to save time, money and effort from an operational perspective. But on the opposite end, cybercriminals are finding new ways to exploit weaknesses and working to develop ever more sophisticated methods of attack – or finding high-tech reinventions of old tricks. The cost to consumers – and to society as a whole – is growing, while a lack of international cooperation allows the trend to continue.

In this whitepaper from Longitude Research and SAS, you will learn about the evolving technologies and threats of today’s «cyberrisks» and the most effective «cyberresponses» for your organization. This resource includes two case studies and an outlook for key actions ahead.

Fill out the form below to download this whitepaper from Longitude Research and SAS on «Cyberrisk in banking: A review of the key industry threats and responses ahead»

A United Front: Making the Case for Integrating Fraud and Anti-Money Laundering Processes

Date: August 9, 2013

The US Federal Bureau of Investigation estimates that corporate account takeovers cost US companies as much as $1 billion in 2011 alone. The sheer magnitude of such losses to fraud and money laundering is one clue that financial criminals are growing ever more sophisticated, more organized, and more capable of exploiting vulnerabilities in new electronic channels.

The losses hurt an organization’s reputation and bottom line, but there’s also the issue of social good. How many of the illicit transactions are financing organized crime, drug smuggling, human trafficking, kleptocracy or terrorism?

In this whitepaper from SAS, you will learn how and why institutions and companies are battling new threats by combining fraud and anti-money laundering processes. You’ll also gain insight into the «new wave of cybercrime» and learn the five must-have capabilities for fighting financial crime.

Fill out the form below to download the SAS whitepaper «A United Front: Making the Case for Integrating Fraud and Anti-Money Laundering Processes.»

Persons in 61 countries have earned the CFCS Certification or have signed up for it

Financial crime specialists from 61 countries had registered to become CFCS-certified.

CFCS is the first credential that tests competence and skill across the financial crime spectrum, including money laundering, corruption, FATCA-tax evasion, data analytics and other fields.

“The ACFCS mission covers many complex disciplines that cross national borders,” said Charles Intriago, president of ACFCS, and previously ACAMS, and a former US federal prosecutor. “The world has entered an era in which the combat of financial crime requires a unified, convergent, global approach and specialized knowledge and skill.»

Click here to learn more about becoming CFCS-Certified

Click here to download the CFCS Candidate Handbook

Countries include:

British Virgin Islands
Cayman Islands
Costa Rica
Dominican Republic
Puerto Rico
Saudi Arabia
Trinadad and Tobago
Turks & Caicos
United Arab Emirates
United Kingdom

AML One Day Training Seminar

Financial Crime 360° Training Seminar

including CFCS Exam Prep in New York City


The Financial Crime, Money Laundering, and CFCS Certification Exam Prep Seminar is the ultimate tool to teach you crucial knowledge of the CFCS exam subjects. Once completed, you will be more prepared to become CFCS certified, control costs and minimize risks associated with financial crime. Subjects covered span a wide range of financial crime topics: Compliance, Convergence, AML, Review Methods and more.

Friday, January 25th
Hilton New York
1335 Avenue of the Americas
New York, NY 10019

9:00 am to 4:00 pm

Register Before December 15th for only $445
(Regular Price: $495)

This seminar assists financial institutions in meeting the annual training requirements imposed by the BSA regulations, and provides attendees with the opportunity to network with other professionals interested in BSA compliance.

ACFCS launches Task Forces, invites members to join and participate in their vital work


Shape the future of ACFCS and help shape the course of financial crime policies and procedures worldwide by joining an ACFCS Task Force.

Share your financial crime expertise, expand your networks and learn from diverse colleagues throughout the world by joining an ACFCS Task Force.

ACFCS urges members to join and share their knowledge and guidance by participating in one of several ACFCS Task Forces. The Task Forces further the mission of ACFCS to bring together professionals from diverse financial crime disciplines to network, exchange ideas, and collaborate on shared goals.

Membership in an ACFCS Task Force is not just honorific, it’s a commitment. We won’t ask for much of your time, but will ask that you participate actively, reliably, and enthusiastically in the Task Forces of your choosing. If you have a suggestion on other task forces that ACFCS should form, please let us know.

If you would like to participate in a Task Force listed below, fill out the form and indicate your area of interest.

Task Forces of the Association of Certified Financial Crime Specialists
(As of July 30, 2013)

  1. ACFCS Certification Task Force
  2. ACFCS Editorial Task Force
  3. ACFCS Task Force on Threat Finance
  4. ACFCS Conference Task Force
  5. ACFCS Task Force on Corporate Security
  6. ACFCS Task Force on Money Laundering
  7. ACFCS Task Force on Training and Education
  8. ACFCS Task Force on Corporate Governance
  9. ACFCS Task Force on Latin American Financial Crime Matters
  10. ACFCS Task Force on Middle East Financial Crime Matters
  11. ACFCS Task Force on Regional Financial Crime Issues