2011 hk fyodor-anthony_ppt
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The document outlines an agenda for a seminar on enhancing AML/CTF tools and techniques to address electronic payment systems increasingly used for criminal activities. The seminar will examine case studies of real "red flag" activities involving electronic payment channels and patterns, and discuss regulatory requirements and best practices for monitoring these payment vehicles and strengthening AML programs. Speakers will also provide examples of underground money transfer systems like WebMoney that are abused for fraudulent services.
2011 hk fyodor-anthony_ppt
- 1. Agenda 3rd Annual Enhanced AML/CTF Tools & Techniques-Singapore Techniques- Hong Kong Electronic Payments in Online Crime Preparing for the Global Growth of Electronic Payments and their Impact on Financial Institutions Anthony Lai & Yarochkin Fyodor 17 October 2011 ACAMS Asia-Pacific Live Seminar Series
- 2. Agenda 3rd Annual Enhanced AML/CTF Tools & Techniques- Hong Kong • Electronic payment systems: case studies • “red flag” criminal activities • Discussion: – Regulatory requirements regarding electronic payment transactions – New tools and best practices to enhance AML/CTF control in addressing these payments – Strengthening your AML program to monitor these payment vehicles - Enhanced ACAMS Full Day Seminar AML/CTF Tools & Techniques
- 3. 3rd Annual Enhanced AML/CTF Tools & Techniques- Hong Kong We are cybecrime experts, so.... • What will you learn here: – Exposure to real cases and examples of “red flag” activities – Channels and patterns ACAMS Full Day Seminar - Enhanced AML/CTF Tools & Techniques 3
- 4. 3rd Annual Enhanced AML/CTF Tools & Techniques- Hong Kong You probably know about “HAWALA” Hawala (also known as hundi) is an informal value transfer system based on the performance and honour of a huge network of money brokers ACAMS Full Day Seminar - Enhanced AML/CTF Tools & Techniques 4
- 5. 3rd Annual Enhanced AML/CTF Tools & Techniques- Hong Kong Many of electronic payment systems are following the HAWALA principle And built on the top of similar infrastructure Now backed by digital inftastructure No traces in banking network Money disappear in one place, pop up in another ACAMS Full Day Seminar - Enhanced AML/CTF Tools & Techniques 5
- 6. 3rd Annual Enhanced AML/CTF Tools & Techniques- Hong Kong • Lets look at some examples There is more than one way to transfer money ACAMS Full Day Seminar - Enhanced AML/CTF Tools & Techniques 6 6
- 7. 3rd Annual Enhanced AML/CTF Tools & Techniques-Hong Kong • Of course you know paypal and other “white” payment electronic systems. They are simple, and uninteresting ACAMS Full Day Seminar - Enhanced AML/CTF Tools & Techniques 7 7
- 8. 3rd Annual Enhanced AML/CTF Tools & Techniques- Hong Kong • Controlled by regulatory acts. (http://www.ffiec.gov/PDF/EFS.pdf) • Similar to conventional payment systems (not much space for anonymized fraud :-)) ACAMS Full Day Seminar - Enhanced AML/CTF Tools & Techniques 8 8
- 9. 3rd Annual Enhanced AML/CTF Tools & Techniques- Hong Kong Getting to know “Underground” money systems • WMZ - web money - one wmz = one USD • Drop - money mule • CC - creditcards • Abuse resistant - Safe to host any kind of fraudulent service • Partnerka - partnership program ACAMS Full Day Seminar - Enhanced AML/CTF Tools & Techniques 9 9
- 10. 3rd Annual Enhanced AML/CTF Tools & Techniques- Hong Kong • There are many: Where is webmoney office in Thailand? • Web Money (WMZ) • Yandex Money • LR (liberty reserve • Epassporte (dead!) Pataya!! Where gangsters are ;-) ACAMS Full Day Seminar - Enhanced AML/CTF Tools & Techniques 10 10
- 11. 3rd Annual Enhanced AML/CTF Tools & Techniques-Hong Kong • Credit card “dumps” websites, work only with “trusted” systems. Why? AlertPay, SMS, LiqPay ACAMS Full Day Seminar - Enhanced AML/CTF Tools & Techniques 11 11
- 12. 3rd Annual Enhanced AML/CTF Tools & Techniques- Hong Kong • They feature “awesome” geographical locations ACAMS Full Day Seminar - Enhanced AML/CTF Tools & Techniques 12 12
- 13. 3rd Annual Enhanced AML/CTF Tools & Techniques- Hong Kong • As with real currency, exchange points exist. Percent charged: ACAMS Full Day Seminar - Enhanced AML/CTF Tools & Techniques 13 13
- 14. 3rd Annual Enhanced AML/CTF Tools & Techniques- Hong Kong • WMZ - widely used on black markets ACAMS Full Day Seminar - Enhanced AML/CTF Tools & Techniques 14 14
- 15. 3rd Annual Enhanced AML/CTF Tools & Techniques- Hong Kong • Credit cards: easily available and covertable into non-traceable currency ACAMS Full Day Seminar - Enhanced AML/CTF Tools & Techniques 15 15
- 16. 3rd Annual Enhanced AML/CTF Tools & Techniques- Hong Kong • Such data is also on sale (note LR -> Liberty Reserve payment system) ACAMS Full Day Seminar - Enhanced AML/CTF Tools & Techniques 16 16
- 17. 3rd Annual Enhanced AML/CTF Tools & Techniques- Hong Kong • “cleaning” dirty cash - services available Accepting dirty cash. 40% fee Ie 100 of dirty units, u get 60 clean back. Payment in alfabank, or yandex money ACAMS Full Day Seminar - Enhanced AML/CTF Tools & Techniques 17 17
- 18. 3rd Annual Enhanced AML/CTF Tools & Techniques- Hong Kong • Done through money mules: ACAMS Full Day Seminar - Enhanced AML/CTF Tools & Techniques 18 18
- 19. 3rd Annual Enhanced AML/CTF Tools & Techniques- Hong Kong • FBI arrests last year ACAMS Full Day Seminar - Enhanced AML/CTF Tools & Techniques 19 19
- 20. 3rd Annual Enhanced AML/CTF Tools & Techniques-Hong Kong • Another way of “cleansing” cash through sale of charged skype accounts. Exchange rate is 1 to 2.5 ACAMS Full Day Seminar - Enhanced AML/CTF Tools & Techniques 20 20
- 21. 3rd Annual Enhanced AML/CTF Tools & Techniques-Hong Kong • Similar method in china. Conversion through online goods. ACAMS Full Day Seminar - Enhanced AML/CTF Tools & Techniques 21 21
- 22. 3rd Annual Enhanced AML/CTF Tools & Techniques- Hong Kong • Passport scans sale: big market for the same reason 4-5USD/scan avg .eu, .ru, .us, asian One-hand sales Also offered - scan “redraw” Special prices for bulk ACAMS Full Day Seminar - Enhanced AML/CTF Tools & Techniques 22 22
- 23. 3rd Annual Enhanced AML/CTF Tools & Techniques- Hong Kong • So “cleansing” packages could be arranged ACAMS Full Day Seminar - Enhanced AML/CTF Tools & Techniques 23 23
- 24. 3rd Annual Enhanced AML/CTF Tools & Techniques- Hong Kong • Explanation: Под средства любой загрязненности! For money of any state of dirtiness В комплект входит: Pack includes 1.Банковскийакк(online доступ Online bank account access ) 2.АТМ картa(Дневнойлимитна снятиесредств1000$/6000$ В МЕСЯЦ-Возможноувеличение лимита+30$-) ATM card (1000/6000USD per month withdrawal limit) 3.Картакодов (для online доступа online access passwords ) 4.Копия паспортадропаPassport copy of “poor john” 5.Sim-ka SIM card Also can be pre-ordered on custom passport scan (25USD) ACAMS Full Day Seminar - Enhanced AML/CTF Tools & Techniques 24 24
- 25. 3rd Annual Enhanced AML/CTF Tools & Techniques- Hong Kong • Other monetizations: SMS ACAMS Full Day Seminar - Enhanced AML/CTF Tools & Techniques 25 25
- 26. 3rd Annual Enhanced AML/CTF Tools & Techniques- Hong Kong • SMS in. Money out ACAMS Full Day Seminar - Enhanced AML/CTF Tools & Techniques 26 26
- 27. 3rd Annual Enhanced AML/CTF Tools & Techniques- Hong Kong • This year, going international, utilizing localized payment systems: ACAMS Full Day Seminar - Enhanced AML/CTF Tools & Techniques 27
- 28. 3rd Annual Enhanced AML/CTF Tools & Techniques-Hong Kong • Spanish version ACAMS Full Day Seminar - Enhanced AML/CTF Tools & Techniques 28 28
- 29. 3rd Annual Enhanced AML/CTF Tools & Techniques- Hong Kong • Very “international” operations. Registration Service Provided By: Bizcn.com Website: http://www.cnobin.com person: person: Ionut Tripa Ionut Tripa Whois Server: whois.bizcn.com remarks: remarks: SC GoldenIdeas SRL SC GoldenIdeas SRL address: address: Str. Drumul Sarii, nr. 57C Str. Drumul Sarii, nr. 57C Domain name: bundespol.net address: address: Sector 6, Bucuresti Sector 6, Bucuresti phone: phone: +0744885334 +0744885334 abuse-mailbox: abuse-mailbox: Registrant Contact: goldenideas.ionut@yahoo.com goldenideas.ionut@yahoo.com Whois Privacy Protection Service nic-hdl: nic-hdl: IT1737-RIPE IT1737-RIPE Whois Agent gmvjcxkxhs@whoisservices.cn source: source: RIPE # Filtered RIPE # Filtered +86.05922577888 fax: +86.05922577111 mnt-by: mnt-by: GOLDENIDEAS-MNT GOLDENIDEAS-MNT No. 61 Wanghai Road, Xiamen Software Park xiamen fujian 361008 cn ACAMS Full Day Seminar - Enhanced AML/CTF Tools & Techniques 29 29
- 30. 3rd Annual Enhanced AML/CTF Tools & Techniques- Hong Kong Discussion – Regulatory requirements regarding electronic payment transactions – New tools and best practices to enhance AML/CTF control in addressing these payments – Strengthening your AML program ACAMS Full Day Seminar - Enhanced AML/CTF Tools & Techniques 30
- 31. 3rd Annual Enhanced AML/CTF Tools & Techniques-Singapore Questions? ACAMS Full Day Seminar - Enhanced AML/CTF Tools & Techniques 31