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When monitoring for financial frauds, banks should establish a clear line of communication between their Bank Secrecy Act compliance departments and risk management groups, says James Tendick, a former investigator with the U.S. Justice Department and U.S. Postal Service. That anti-money laundering (AML) officials don't always know what their colleagues know can hinder investigations, said Tendick, who now manages the Washington, D.C. office of Renaissance Associates, Ltd., an investigative services firm. In some cases, risk management officials haven't been "up to the job," he said. In a recent interview with Larissa Bernardes, Tendick also discussed his experience investigating West African...