Kevin Sullivan was interviewed for a Security Management Magazine article titled “Interrupting The Wash Cycle.” In it he comment on “hawalas” and business exploits. Read the full article here.
Everyone in the AML field should know this – the SAR is confidential. That is certainly nothing new. Sometimes mistakes are made, people goof up, we’re all human, so be it. However, a particular bank employee for Chase Bank knew very well about the confidentiality rules, but he viewed this as an opportunity. He thought […]Bribe Backfires
Former coordinator of New York’s money-laundering task force explains why Congressman Tom Delay was found guilty of money laundering.
When a bank like HSBC gets called on the carpet the dramatic economic effects shows up in several ways. I was interviewed about what this means, exactly, not just for the bank, but for the bank’s customers.AML program, anti-money laundering training, Bank Secrecy Act, Cease and desist order, HSBC, Kevin Sullivan
For a second time in 2010, the Vatican finds itself under the magnifying glass as it again is the subject of a money laundering probe. Is the bank or a bank employee dirty? I don’t know. If this had been any other bank on the planet, this would never have received so much press and attention.money laundering, Vatican Bank
The following interview with Kevin Sullivan was conducted by Heather Desguin of the Florida Department of Law Enforcement, departments of Office of Statewide Intelligence and the Financial Crime Analysis Center. 1. Can you explain the process of money laundering in a virtual world? U.S. currency (dirty money) can be used to purchase the on-line currency […]anti-money laundering, money laundering, virtual world. online gambling
Several of the readers have made inquires about the blog on Bulk Cash Smuggling. I have attached below several actual photographs of bulk cash smuggling incidents. Obviously, I have an obligation to not write about or show anything that could be considered an impediment to law enforcement’s efforts. Enjoy, be amazed, but don’t try this […]
Feb. 23 – HSBC, New York, NY
Feb 28 – Nordea Bank, New York, NY
March 8 – Nordea Bank, New York, NY
Mar. 18 – Louisiana State Banking Dept
Mar. 20 – ACAMS Exam Prep Course – Hollywood, FL
March 21-23 – Money Laundering Alert Annual Conf. – Hollywood, FL
I was recently invited to do a podcast interview with BankInfoSecurity.com where we discussed the latest AML trends – including bulk cash smuggling. I also wrote a guest blog for BankInfoSecurity.com’s series “The Expert’s View” entitled How to Spot Bulk Cash Smuggling.