Risk Solutions

According to a recent FBI report, lawmakers believe that 50% of the estimated billions of dollars that are laundered worldwide each year will pass through American banks.

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Identify ACH Transactions (IAT) Frequently Asked Questions
(PDF, 859k) An FAQ on International ACH Transactions (IAT) to help you comply with the new rules. LexisNexis® Risk Solutions Group teams up with NACHA to provide this helpful document.

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Other Resources

• Federal Reserve Financial Services’ FedACH® International ACH Transaction (IAT) Resource Center
• FedACH® Services Testing Opportunities to test your ACH Operations
• NACHA’s IAT Readiness Checklist
• NACHA’s IAT Industry Resource Page

Emerging Anti-Money Laundering Risks to Financial Institutions(PDF, 420K) Every financial institution is charged with the responsibility of developing policies and procedures to combat money laundering, which includes the duty to be aware of trends and adaptations in the methods by which money laundering is carried out. The most difficult aspect of this responsibility is a financial organization’s ability to anticipate new criminal behavior and to proactively implement protocols before the criminal behavior occurs. It’s like trying to guess what previously unknown disease will be the greatest threat to life next week or next year. In truth, much as the emergence of a new disease frequently determines the direction of medical science, it is often the money launderer who determines the course the industry takes to restrict criminal money laundering activity.

With this in mind, this white paper will briefly describe the principal organizations involved in determining money laundering policy and procedures and will focus on emerging money laundering risks facing the financial services industry. LexisNexis® Risk Solutions Group has been a leader in AML and the development of automated solutions to combat this growing challenge.

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Concepts in Customer Due Diligence:
Meeting the Challenges of Regulatory Expectations(PDF, 720K) Customer due diligence is one of the best defenses a financial institution can maintain to guard against the dangers of money laundering and other financial crimes. Sometimes referred to as “knowing your customer,” customer due diligence encompasses other aspects of an AML (Anti- Money Laundering) program, such as customer identification and enhanced due diligence (EDD). Moreover, the need for customer due diligence is integral to suspicious activity reporting requirements because the data collected during the CDD process gets transferred to the report. Learn more about the topic by downloading the white paper.

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Get it now: for more information about LexisNexis®Anti-Money Laundering Solutions, please call (800) 869-0751.

Anti-Money Laundering Solution, InstantID, and Mortgage Fraud Report are not consumer reporting agencies as such term is defined in the federal Fair Credit Reporting Act, 15 U.S.C. §1681, et seq. ("FCRA"). Anti-Money Laundering Solution, InstantID, and Mortgage Fraud Report reports do not constitute consumer reports as such term is defined in the FCRA, and accordingly Anti-Money Laundering Solution, InstantID, and Mortgage Fraud Report reports may not be used to determine eligibility for credit or for any other purpose provided for in the FCRA.

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