ADVISORY/Experts Available To Discuss Possibility of Anti-Money Laundering Rules for Car Dealers, Travel Agents

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The Treasury Department's Financial Crimes Enforcement Network may apply anti-money laundering rules to car dealers and travel agents in an effort to fight drug dealers and terrorists, according to an article by The Associated Press. Comprehensive programs are already in place for banks and credit card companies in which certain procedures are followed to verify the identity of their customers. The government uses these rules to prevent drug dealers from disguising illegally gained profits as proceeds of a legitimate business and to stop people or organizations from financing terrorist activity.


EXPERTS:	ExpertSource can offer several highly qualified experts to comment on this story:

Don Temple is an expert on issues relating to currency reporting, fraud, and money laundering detection, prevention and enforcement. Don joined Mantas (www.mantas.com) in September 2000 after 26 years with the Internal Revenue Service, where he served as a Special Agent in the Delaware-Maryland District. In 1984, Don became the Bank Secrecy Act Coordinator and ultimately developed the Maryland Financial Investigative Task Force - a multi-agency organization that included the FBI, U.S. Customs Service, U.S. Postal Service, and the Drug Enforcement Administration. Highly influential, the group functioned as a model in forming subsequent United States task forces. Don is a nationally recognized expert in the area of currency reporting, money laundering, the detection of suspicious transactions, and fraud investigations. He is a regular guest speaker at industry conferences and has conducted hundreds of presentations for banks, money service businesses, business groups, the Department of Justice, as well as federal, state, and local law enforcement agencies. PR: Susan Lewis, 703-653-5349, susan_lewis@mantas.com

    Brian Fisher is senior product manager of ACI Proactive Risk Manager, ACI Worldwide's neural network-based fraud detection software that is used to detect debit and credit card fraud, and money laundering activity. With years of experience in both the banking and software industries, Fisher is helping ACI's financial customers use technology to limit fraud losses and comply with government anti-money laundering legislation, including the USA Patriot Act. PR: Gene Hinkle, 402-390-8906, hinkleg@aciworldwide.com

    Professor Sarah Jane Hughes, of the Indiana University School of Law, can share her expertise on law and international money laundering. 812-855-6318

    ExpertSource cannot guarantee the immediate availability of these experts or their familiarity with this specific issue.

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