ADVISORY/Experts Available To Discuss Possibility of Anti-Money Laundering Rules for Car Dealers, Travel Agents.Business Editors ADVISORY... --(BUSINESS WIRE) The Treasury Department's Financial Crimes Enforcement Network Noun 1. Financial Crimes Enforcement Network - a law enforcement agency of the Treasury Department responsible for establishing and implementing policies to detect money laundering FinCEN 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 The Bank Secrecy Act of 1970 (or BSA, or otherwise known as the Currency and Foreign Transactions Reporting Act) requires U.S.A. financial institutions to assist U.S. government agencies to detect and prevent money laundering. 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 The U.S. Postal Service (USPS) processes and delivers mail to individuals and businesses within the United States. The service seeks to improve its performance through the development of efficient mail-handling systems and operates its own planning and engineering programs. , and the Drug Enforcement Administration The Drug Enforcement Administration (DEA) was established in 1973 by President richard m. nixon as part of the Justice Department, thus uniting a number of federal drug agencies that had often worked at cross-purposes. . 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 A law enforcement agency (LEA) is a term used to describe any agency which enforces the law. This may be a local or state police, federal agencies such as the Federal Bureau of Investigation (FBI) or the Drug Enforcement Administration (DEA). . PR: Susan Lewis, 703-653-5349, susan_lewis@mantas.com Brian Fisher is senior product manager of ACI ACI American Concrete Institute ACI Arch Coal Inc ACI Airports Council International (formerly Airport Associations Coordinating Council) ACI Automobile Club d'Italia ACI American Competitiveness Initiative Proactive Risk Manager, ACI Worldwide's neural network-based fraud detection software that is used to detect debit and credit card fraud Credit card fraud is a wide-ranging term for theft and fraud committed using a credit card or any similar payment mechanism as a fraudulent source of funds in a transaction. The purpose may be to obtain goods without paying, or to obtain unauthorized funds from an account. , 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 USA PATRIOT Act [Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorists], 2001, U.S. . PR: Gene Hinkle, 402-390-8906, hinkleg@aciworldwide.com Professor Sarah Jane Hughes, of the Indiana University School of Law Indiana University School of Law is referring to either
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