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ATMIA publishes best practices for prevention of money-laundering at ATMs

September 28, 2012

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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.

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ATM Industry Association (ATMIA)

ATMIA is the leading non-profit representing the global ATM industry, serving thousands of members across 500 companies, including financial institutions, deployers, manufacturers, and service providers. As a division of, ePayResources, our mission is to promote ATM growth and usage, protect industry interests.

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