Dr. Asher can assist us in directing our efforts and technology into addressing the challenges financial institutions face to stop these activities, achieve compliance, and more importantly, prevent financing of nefarious organizations.
Palo Alto, CA. (PRWEB) May 12, 2015
IdentityMind Global, providers of a platform offering risk management services for financial institutions, announced today the appointment of David Asher to its Board of Advisors, effective immediately.
Dr. Asher is one of the world's most accomplished practitioners in the identification and pursuit of illicit financing and facilitation schemes. Over the last decade, he has advised the leadership of SOCOM, CENTCOM, DEA, and the Departments of Defense, Treasury, State, and Justice on top counter threat finance priorities, including targeting the finances of Hezbollah, Iran, Al Qaeda in Iraq, ISIL, the Taliban, the Haqqani Network, and multiple drug cartels. He personally conceived of and spearheaded several of the highest profile anti-money laundering actions in history, including USA Patriot Act (Section 311) designations of Banco Delta Asia against North Korea (2005), the Lebanese Canadian Bank (2011), and the Halawi and Rmeiti exchange houses in Beirut (2013).
"Money launderers and fraudsters almost always operate as a network”, said Dr. Asher. “IdentityMind can automatically ascertain and map out key elements of money laundering and fraud networks, including the 'who, where, when, how', and even 'why' associated with their illicit activities. This is a potent capability for stopping crime in its tracks, cutting analytical cost, lowering false positives, and increasing the speed of counter threat finance efforts. No one else in the market compares."
Dr. David Asher serves on the Board of Advisors for the Center on Sanctions and Illicit Finance at the Foundation for Defense of Democracies. He is currently a principal with Vital Venture Capital, Chairman of Sayari Analytics, and a member of the Advisory Board of BCA Research.
“David Asher is an indisputable authority in terrorist financing, which is usually uncovered through the detection of money laundering,” said Garrett Gafke, IdentityMind’s CEO and President. “He can assist us in directing our efforts and technology into addressing the challenges financial institutions face to stop these activities, achieve compliance, and more importantly, prevent financing of nefarious organizations.”
IdentityMind Global currently services a diverse list of top 50 Banks in the United States, world leading Money Service Businesses (MSB), and a variety of emerging financial technology providers including international money transmitters, virtual currencies and crowdfunding platforms. All these organizations can be seriously impacted if used by nefarious actors. The advancement of IdentityMind’s technology and focus on providing Anti Money Laundering (AML) solutions is fundamental to enabling safe and cost-effective operations.
About IdentityMind Global
IdentityMind Global provides risk management and regulatory compliance solutions for the financial and digital commerce ecosystem. Our Fraud Prevention and Risk Management Platform provides financial institutions and online merchants with real-time capabilities to effectively address the operational challenges of conducting online financial and payment transactions. IdentityMind delivers integrated Fraud Prevention, Anti Money Laundering (AML), Know Your Customer (KYC), Merchant Underwriting and Transaction Monitoring. IdentityMind’s patent-pending technology Electronic DNA (eDNA™) recognizes identities based on electronic attributes and how these attributes are validated and correlated against each other. The platform shares eDNA™ across all our clients so they can all benefit while keeping identities and transactions private to each client. IdentityMind Global services clients worldwide including Banks, Money Service Business, Payment Service Providers, Virtual Currency Exchanges, Trading Platforms, and Online Merchants. For more information, visit http://www.identitymindglobal.com, or follow us on twitter: @identitymind
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