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.
Detailed news link: click here
Link to ATMIA white papers (unfortunately could not find the whitepaper yet): click here