2011 hk fyodor-anthony_ppt

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  • 1. Agenda3rd Annual Enhanced AML/CTF Tools & Techniques-SingaporeTechniques- Hong KongElectronic Payments in OnlineCrimePreparing for the Global Growth of ElectronicPayments and their Impact on Financial Institutions Anthony Lai &Yarochkin Fyodor17 October 2011 ACAMS Asia-Pacific Live Seminar Series

2. Agenda3rd 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 KongWe are cybecrime experts, so.... What will you learn here: Exposure to real cases and examples of red flag activities Channels and patternsACAMS 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 brokersACAMS Full Day Seminar - Enhanced AML/CTF Tools & Techniques4 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 networkMoney disappear in one place, pop up in another ACAMS Full Day Seminar - EnhancedAML/CTF Tools & Techniques 5 6. 3rd Annual Enhanced AML/CTF Tools & Techniques- Hong Kong Lets look at some examplesThere is more than one way to transfer money ACAMS Full Day Seminar - EnhancedAML/CTF Tools & Techniques66 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 uninterestingACAMS Full Day Seminar - Enhanced AML/CTF Tools & Techniques 77 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 88 9. 3rd Annual Enhanced AML/CTF Tools & Techniques- Hong KongGetting 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 programACAMS Full Day Seminar - Enhanced AML/CTF Tools & Techniques 99 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 1010 11. 3rd Annual Enhanced AML/CTF Tools & Techniques-Hong Kong Credit card dumps websites, work only with trusted systems. Why? AlertPay, SMS, LiqPayACAMS Full Day Seminar - Enhanced AML/CTF Tools & Techniques 1111 12. 3rd Annual Enhanced AML/CTF Tools & Techniques- Hong Kong They feature awesome geographical locationsACAMS Full Day Seminar - Enhanced AML/CTF Tools & Techniques 1212 13. 3rd Annual Enhanced AML/CTF Tools & Techniques- Hong Kong As with real currency, exchange points exist. Percent charged: ACAMS Full Day Seminar - EnhancedAML/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 - EnhancedAML/CTF Tools & Techniques 14 14 15. 3rd Annual Enhanced AML/CTF Tools & Techniques- Hong Kong Credit cards: easily available and covertable into non-traceable currencyACAMS Full Day Seminar - Enhanced AML/CTF Tools & Techniques 1515 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 - EnhancedAML/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 - EnhancedAML/CTF Tools & Techniques1717 18. 3rd Annual Enhanced AML/CTF Tools & Techniques- Hong Kong Done through money mules:ACAMS Full Day Seminar - Enhanced AML/CTF Tools & Techniques 1818 19. 3rd Annual Enhanced AML/CTF Tools & Techniques- Hong Kong FBI arrests last yearACAMS Full Day Seminar - Enhanced AML/CTF Tools & Techniques 1919 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 2.5ACAMS Full Day Seminar - Enhanced AML/CTF Tools & Techniques20 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 2121 22. 3rd Annual Enhanced AML/CTF Tools & Techniques- Hong Kong Passport scans sale: big market for the same reason4-5USD/scan avg.eu, .ru, .us, asianOne-hand salesAlso offered - scan redrawSpecial prices for bulk ACAMS Full Day Seminar - EnhancedAML/CTF Tools & Techniques 22 22 23. 3rd Annual Enhanced AML/CTF Tools & Techniques- Hong Kong So cleansing packages could be arrangedACAMS Full Day Seminar - Enhanced AML/CTF Tools & Techniques 2323 24. 3rd Annual Enhanced AML/CTF Tools & Techniques- Hong Kong Explanation: ! For money of any state of dirtiness : Pack includes1.(online Online bank account access)2. a( 1000$/6000$ - +30$-)ATM card (1000/6000USD per month withdrawal limit)3. ( online online access passwords)4. Passport copy of poor john5.Sim-ka SIM card Also can be pre-ordered on custom passport scan (25USD)ACAMS Full Day Seminar - Enhanced AML/CTF Tools & Techniques 2424 25. 3rd Annual Enhanced AML/CTF Tools & Techniques- Hong Kong Other monetizations: SMS ACAMS Full Day Seminar - EnhancedAML/CTF Tools & Techniques 25 25 26. 3rd Annual Enhanced AML/CTF Tools & Techniques- Hong Kong SMS in. Money outACAMS Full Day Seminar - Enhanced AML/CTF Tools & Techniques 2626 27. 3rd Annual Enhanced AML/CTF Tools & Techniques- Hong Kong This year, going international, utilizing localized payment systems: ACAMS Full Day Seminar - EnhancedAML/CTF Tools & Techniques 27 28. 3rd Annual Enhanced AML/CTF Tools & Techniques-Hong Kong Spanish versionACAMS Full Day Seminar - Enhanced AML/CTF Tools & Techniques 2828 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.netaddress:address: Sector 6, Bucuresti Sector 6, Bucurestiphone: phone: +0744885334 +0744885334abuse-mailbox: abuse-mailbox: Registrant Contact:goldenideas.ionut@yahoo.com goldenideas.ionut@yahoo.comWhois Privacy Protection Service nic-hdl:nic-hdl:IT1737-RIPE IT1737-RIPEWhois Agent gmvjcxkxhs@whoisservices.cnsource:source: RIPE # FilteredRIPE # Filtered+86.05922577888 fax: +86.05922577111 mnt-by:mnt-by:GOLDENIDEAS-MNTGOLDENIDEAS-MNTNo. 61 Wanghai Road, Xiamen Software Parkxiamen fujian 361008cn ACAMS Full Day Seminar - EnhancedAML/CTF Tools & Techniques 29 29 30. 3rd Annual Enhanced AML/CTF Tools & Techniques- Hong Kong Discussion Regulatory requirements regarding electronicpayment transactions New tools and best practices to enhanceAML/CTF control in addressing thesepayments Strengthening your AML programACAMS Full Day Seminar - Enhanced AML/CTF Tools & Techniques 30 31. 3rd Annual Enhanced AML/CTF Tools & Techniques-SingaporeQuestions?ACAMS Full Day Seminar - Enhanced AML/CTF Tools & Techniques 31