Dec ’11 – Feb ’12 Issue

Issue 11.1

Issue: Vol. 11 No. 1

Featured
Indonesia's effort to combat money laundering

Indonesia’s effort to combat money laundering

Despite Indonesia’s overall success in eradicating the country of Islamic terrorists and implementing tougher AML and counter terrorist financing (CTF) laws, it continues to be closely monitored by the Financial…

Educating, energizing and empowering your frontline AML troops

Educating, energizing and empowering your frontline AML troops

It is no secret that an effective Customer Identification Program and Customer Due Diligence starts at the point of contact in a successful anti-money laundering program. The information gleaned about a customer including…


From the Executive Vice President
Closing out the year but keeping our eyes on the goal

Closing out the year but keeping our eyes on the goal

This year saw many dramatic events that directly affected the compliance industry and will continue to have repercussions going forward. The events of the Arab…

From the Editor
Going Above & Beyond

Going Above & Beyond

Some of my favorite stories come from individuals caught in the grip of World War Two. Stories abound of valorous deeds done in the face of monumental opposition, from the battlefields of…


Inside this Edition
ACAMS Awards – And the winners are…

ACAMS Awards – And the winners are…

ACAMS is proud of its members and their many accomplishments and achievements in the fight against money laundering and terrorist financing. Each year ACAMS recognizes a few…

Indonesia's effort to combat money laundering

Indonesia’s effort to combat money laundering

Despite Indonesia’s overall success in eradicating the country of Islamic terrorists and implementing tougher AML and counter terrorist financing (CTF) laws, it continues to be closely…

The wild frontier

The wild frontier

Money laundering along the U.S. Southwest border has always been a problem. However, new regulations in Mexico, an explosion of human trafficking and human smuggling crimes, and new…


The next tsunami: Elder financial exploitation

The next tsunami: Elder financial exploitation

Brooke Astor Trial Exposes Financial Abuse; Mickey Rooney, 90, Victim of Alleged Elder Abuse; Elder Abuse expected to grow in the coming years. We have all seen similar headlines, many of…


The lottery and money laundering – A match made in heaven

The lottery and money laundering – A match made in heaven

“How do I love thee? Let me count the ways” is the extraordinarily famous opening line of a poem by Elizabeth Barrett Browning. Though Ms. Browning was undoubtedly not directly referring…


Conduit contributions – Where money laundering and politics mix

Conduit contributions – Where money laundering and politics mix

A conduit contribution is a political donation made through someone else. The individual making the contribution acts as a straw donor in order to conceal the identity of the real donor…


AML vs. the Hawthorne Effect: The reason why AML will always play catch-up

AML vs. the Hawthorne Effect: The reason why AML will always play catch-up

If someone asked me what I felt was the most aggravating sport in the world today to watch, my answer would have to be without a doubt greyhound racing. Why? Well look at the sport through…

The New Anti-Money Laundering Counter-Terrorist Financing (Financial Institutions) Ordinance in Hong Kong

The New Anti-Money Laundering Counter-Terrorist Financing (Financial Institutions) Ordinance in Hong Kong

Being a Financial Action Task Force (FATF) member, Hong Kong is obliged to implement anti-money laundering (AML) requirements promulgated by the FATF, including the 40+9 recommendations…

Congratulations to the Chicago Chapter! The 2011 Chapter of the Year Award recipient

Congratulations to the Chicago Chapter! The 2011 Chapter of the Year Award recipient

Since the Chicago Chapter’s launch on September 8, 2008, they have hosted over 18 learning events ranging from OFAC and Sanctions Compliance to Caution List Screening and Cyber…

Dr. Muhammad Baasiri: Building and spreading compliance culture

Dr. Muhammad Baasiri: Building and spreading compliance culture

ACAMS Today had the opportunity to visit with Dr. Muhammad Baasiri and learn more about his compliance work in Lebanon. Dr. Baasiri is the third vice-governor of the Banque du Liban…

Director of Sales

Director of Sales

ACAMS Today caught up with Geoff Fone, director of sales for an informative interview. Fone was born and raised in the UK. After studying International Business in London, Fone joined Reed…

Christine Feldpausch, CAMS, Richmond, Virgina, USA

Christine Feldpausch, CAMS, Richmond, Virgina, USA

Christine Feldpausch is currently a compliance officer at Cary Street Partners LLC, an investment banking and wealth management firm in Richmond, Virgina, USA. Her duties…


Will Voorhees, CAMS, Santa Clara, California, USA

Will Voorhees, CAMS, Santa Clara, California, USA

Will Voorhees is the director of the Financial Intelligence Unit at SVB Financial Group, a Silicon Valley-based, international financial institution that serves technology, life science and venture…


Chris Wilson, Hong Kong, China

Chris Wilson, Hong Kong, China

Chris Wilson is a partner with Deloitte & Touche Financial Advisory Services in Hong Kong and the anti-money laundering/sanctions ser-vices leader for Hong Kong, China…


Al Demeter, CAMS, CFE, Hong Kong, China

Al Demeter, CAMS, CFE, Hong Kong, China

Al Demeter is a former criminal investigator of the U.S. Treasury Department, Criminal Investigation Division where he served as a special agent and in various management roles over his 28 and a…

Checklist vs. Methodology: Leveraging the tenets of EDD in AML Investigations

Checklist vs. Methodology: Leveraging the tenets of EDD in AML Investigations

Driven by calls from regulators and the need to find more cost effective ways to comply with regulatory reporting requirements, financial institutions are adopting a risk-based approach to…


All politically exposed persons are local

All politically exposed persons are local

The term “politically exposed person” generally includes a current or former senior foreign political figure, their immediate family and their close associates. Interagency guidance issued in January…

Educating, energizing and empowering your frontline AML troops

Educating, energizing and empowering your frontline AML troops

It is no secret that an effective Customer Identification Program and Customer Due Diligence starts at the point of contact in a successful anti-money laundering program. The information…