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| ATMIA publishes Best Bractices for Managing Anti Money-Laundering at ATMs |
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| Sunday, 30 September 2012 07:13 | |||
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ATMIA publishes Best Practices for Managing Anti Money-Laundering at ATMs September, 2012 - Sioux Falls, SD, USA and London, UK- The ATM Industry Association (ATMIA), the only global non-profit association for the ATM industry, has published its long-awaited best practices for managing anti money-laundering. "Today, money launderers are looking for new targets due in part to the success of many antimoneylaundering strategies throughout international financial systems," explained Mike Lee,CEO of ATMIA. "This manual will help our members stay ahead of the game by adoptinginternational security anti money-laundering guidelines to further strengthen our systems."The manual describes the phases of money laundering as well as what steps need to be taken tosafeguard ATMs during each phase. It explains how best to detect, deter, and record any moneylaundering activity in the ATM channel. "I would like to place on record our sincere thanks to Douglas Russell, Susan Matt, VéroniqueDelsalle, Lyle Elias, Pat Cunningham, Keith Wilson and Chris Mathers for their incisive work onthis tough but important topic," Lee added For more information, please see contact Mike Lee at This e-mail address is being protected from spambots. You need JavaScript enabled to view it . If you wish to joinATMIA, contact Sharon Lane at This e-mail address is being protected from spambots. You need JavaScript enabled to view it .
About ATMIAwww.atmia.comThe ATM Industry Association is a global non-profit trade association with over 3,500 members in 60 countries. Itsmission is to promote ATM convenience, growth and usage worldwide, protect the ATM industry's assets, interests, goodname and public trust; and provide education, best practices, political voice and networking opportunities for memberorganizations. In June 2003, ATMIA established the Global ATM Security Alliance (GASA) (www.globalasa.com) , sincerenamed the ATM Security Forum, with the mission to employ global security resources in a united alliance in order toprotect the ATM industry from criminal activity.
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ATM Fraud and Security Digest
Extracts from the April monthly digest (click here for the full digest):
Cash Trapping / Transaction Reversal Fraud
Cash trapping remained the most popular type of ATM fraud in Europe during April. While consumers can be warned to be vigilant, if the trap is fitted inside the dispenser rather than on the external...
Card Trapping / Card Swapping / Leaving Transaction Live
Card trapping frequently accompanied by the use of cameras to record PIN entry was widely detected in April. Garda (police) in Ireland...
ATM Skimming / Skimming / EFTPOS Compromise
Police in the Philippines arrested a group of Malaysian nationals and recovered ATM skimming equipment. ATM skimming in the US continued at a significant level in April. In addition to making cash withdrawals, the purchase of prepaid ...
Ram Raid Attacks / Theft of ATM / Smash-and-Grab / Theft from ATM
A suspect in the US managed to dislodge an ATM but failed to lift it into his vehicle. In another US incident, a suspect removed an ATM with a skid loader but was easily apprehended following a 10 mph police pursuit. Police in Indonesia arrested four suspects and shot...
Explosive Attacks
The use of explosives continued through April. In the UK, explosive gas was used and in South Africa, solid explosives were used in ATM bombings.
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The above digest is provided by DFR Risk Management, who provide consultancy services advising ATM and self-service terminal deployers and manufacturers, as well as law-enforcement agencies,onhow to manage ATM and self-service terminal fraud and security threats.
To read the full digest please click here ........
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