News
ATMIA publishes best practices for prevention of money-laundering at ATMs
September 28, 2012
The ATM Industry Association publishing department has been very, very busy lately. Hot on the heels of publications covering contactless ATM best practices and end-to-end encryption best practices, the association has announced the release of its long-awaited guide to anti money-laundering best practices.
"Today, money launderers are looking for new targets, due in part to the success of many anti money-laundering strategies throughout international financial systems," said Mike Lee, CEO of ATMIA. "This manual will help our members stay ahead of the game by adopting international security anti money-laundering guidelines to further strengthen our systems."
The manual explains how best to detect, deter, and record any money laundering activity in the ATM channel. It describes each of the phases of money laundering, as well as the actions needed to safeguard ATMs during each phase.
"I would like to place on record our sincere thanks to Douglas Russell, Susan Matt, Véronique Delsalle, Lyle Elias, Pat Cunningham, Keith Wilson and Chris Mathers for their incisive work on this tough but important topic," Lee said.
The white paper is free to ATMIA members and is available for download at the ATMIA website.
For more on this topic, visit the security research center.
Included In This Story
ATM Industry Association (ATMIA)
The ATM Industry Association, founded in 1997, is a global non-profit trade association with over 10,500 members in 65 countries. The membership base covers the full range of this worldwide industry comprising over 2.2 million installed ATMs.
Related Media
SecurityPresented ByDiebold Nixdorf
Subscribe
Get the latest news and resources from ATM Marketplace.
