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Money laundering, KYC and a PEP talk

Iran1

I have recently spent a lot of time talking about KYC (Know Your Client), AML (Anti Money Laundering, often confused with ALM which is Asset and Liability Management), Client Onboarding, PEPs (Politically Exposed Persons) and SARs (Suspicious Activity Reports). It’s all wrapped up in financial crime, compliance, legal, audit and …

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Money laundering, KYC and a PEP talk

Iran1

I have recently spent a lot of time talking about KYC (Know Your Client), AML (Anti Money Laundering, often confused with ALM which is Asset and Liability Management), Client Onboarding, PEPs (Politically Exposed Persons) and SARs (Suspicious Activity Reports). It’s all wrapped up in financial crime, compliance, legal, audit and …

Read More »

The Age of the Password is over

Secure_icon_ssl

I saw a great but scary presentation this week from Kamran Meer, Chief IT Security Officer at Bank Alfalah, the sixth largest bank in Pakistan. Kamran began by asking the audience if they knew about the Stuxnet attack. Amazingly, 70% of the audience hadn’t heard of it although maybe it’s not …

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The Age of the Password is over

Secure_icon_ssl

I saw a great but scary presentation this week from Kamran Meer, Chief IT Security Officer at Bank Alfalah, the sixth largest bank in Pakistan. Kamran began by asking the audience if they knew about the Stuxnet attack. Amazingly, 70% of the audience hadn’t heard of it although maybe it’s not …

Read More »

Why Swiss banks are no longer so private

Further to the previous two entries about Swiss Banking (the settlements of the Knights Templar and the Protestant Reforms), we move into the 16th century with Switzerland proving an attractive ground for migration of the Protestants persecuted overseas. As mentioned, this period created the strong movement towards neutrality from any …

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Why Swiss banks are no longer so private

Further to the previous two entries about Swiss Banking (the settlements of the Knights Templar and the Protestant Reforms), we move into the 16th century with Switzerland proving an attractive ground for migration of the Protestants persecuted overseas. As mentioned, this period created the strong movement towards neutrality from any …

Read More »

The worst passwords ever …

WorstPasswords-2013

“Password” is no longer the worst password with “123456,” the traditional runner up, taking the top spot, according to SplashData, provider of password management systems. The 2013 list was influenced by the large number of passwords from Adobe users posted online by security consulting firm Stricture Consulting Group following Adobe’s …

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The worst passwords ever …

WorstPasswords-2013

“Password” is no longer the worst password with “123456,” the traditional runner up, taking the top spot, according to SplashData, provider of password management systems. The 2013 list was influenced by the large number of passwords from Adobe users posted online by security consulting firm Stricture Consulting Group following Adobe’s …

Read More »

Mobile is the authentication tool

The more I think about mobile as an authentication tool, the more attractive it becomes. First you can geolocate customers using mobile.  XYVerify does this using telco masts, rather than mobile devices, as it can then use an independent verification mechanism to determine whether you really have you phone with …

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Little donkey … oh no, it’s a money mule!

Mule

I just went to a really interesting meeting where the head of fraud for one of the major banks presented their approach to money mules. Pic from eCybercrime A money mule is a bit like a drugs mule, someone who is carrying out illicit activities on behalf of others. His …

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