Edited by Dr. Monte Friesner Ph.D., LL.D., CD.C.



MONEY LAUNDERING IS MASSIVE PROFIT TO ALL BANKS | MONTE FRIESNER BREAKING NEWS |

CAN YOU REALLY STAMP OUT MONEY LAUNDERING AT YOUR BANK?

 

FROM THE - JOURNALS of Monte Friesner – Criminal & Intelligence Analyst and Consulaire for WANTED SA ~
 
Contributed & Written by Kenneth Rijock
 


Last week, an interviewer asked me whether it was really possible to eradicate money laundering. We will never stop the most innovative money launderers from practising their dark craft, but you can virtually banish money laundering from the bank where you work. Unfortunately, banks do not  assemble the necessary human resource tools to get the job done.

Here is my formula for unqualified anti-money laundering success. You compliance "Flying Squad" team must include at least one individual with these qualifications :

(1) A former or retired law enforcement detective or investigator who formerly specialised in white collar crime. Federal or national experience is preferred. You may already have such a person, if you have a Financial Intelligence Officer on board.
 
(2) A former money launderer or white collar career criminal, now working on the correct side of the street in AML.
 
(3) A businessman formerly employed at a large public company, who has an acceptable level of AML/CFT experience and education.

Why these three ? The ex-law enforcement agent has investigative skills, and experience, that you in compliance frankly lack. The former criminal's skills speak from themselves. He is best suited to identify criminal activities. The former businessman can bring his experience in working in the private, non-financial sector to bear, as he knows what it is like to work in the types of firms that are your typical bank clients.

This team would take all the Suspicious Activity Reports, bank officer queries, and information received by bank staff that appears to be inconsistent with the customer's trade or business, and provide real-time identification, and interdiction, of active money laundering at your bank. You need to be proactive if you are serious about money laundering suppression; think about it.

 

WANTED SA kindly thanks US Treasury, Kenneth Rijock, AFP, Reuters, BBC, Associated Press, DEA, FBI, ICE, Westlaw, Arutz Sheva, and all the Parties, Press, Journalists, Law Enforcement and Securities forces  who have contributed to the many articles and their sincere opinions and statements.

WANTED SA states that the facts and opinions stated in this article are those of the author and not those of WANTED SA. We do not warrant the accuracy of any of the facts and opinions stated in this article nor do we endorse them or accept any form of responsibility for the articles.

For Confidential Contact:
WASHINGTON, D.C.        1.202.787.3861 -
TOLL FREE FROM USA & CANADA:   1.888.255.1533 -
LONDON CENTRAL, UNITED KINGDOM (44) 207.993.6256 -

Or e-mail us:

This e-mail address is being protected from spambots. You need JavaScript enabled to view it.

This e-mail address is being protected from spambots. You need JavaScript enabled to view it.
This e-mail address is being protected from spambots. You need JavaScript enabled to view it.

 
News Archive

money ornstein criminal prison trial north million charges sanctions world blogger monte russia madoff customs organization viktor venezuela republic friesner years weapons panama laundering child arrested country dutch bananama nuclear banks netherlands guilty canada fraud wanted government

WantedSA. Copyright © 2011-2012. All Rights Reserved.

web design panama