Mar – May ’17 Issue

Issue 16.2

Issue: Vol. 16 No. 2

Featured
Celebrating 15 Years of ACAMS Today

Celebrating 15 Years of ACAMS Today

Fifteen years ago, the ACAMS Today newsletter—now a magazine—launched with a mission to become the premier publication for the career-minded financial crime detection and prevention professional. Years later…

Top Talent: Finders Keepers

Top Talent: Finders Keepers

As the world moves to an increasingly automated and technologically advanced environment, the best and most sophisticated systems will not improve efficiency if the people using those systems have inadequate skills…


From the Executive Vice President
Congratulations to You! 15 Years and Counting…

Congratulations to You! 15 Years and Counting…

As you can see, we are celebrating 15 years of ACAMS Today. To thrive and be relevant to the ever-changing world of money laundering prevention, we had…

From the Editor
Make a Wish ACAMS Today

Make a Wish ACAMS Today

Welcome to ACAMS Today’s 15-birthday celebration! In this edition of the magazine, we are celebrating all things ACAMS Today. In the last 15 years…


Inside this Edition
The AML Risk Puzzle—What does AML risk really mean?

The AML Risk Puzzle—What does AML risk really mean?

If you look up the word “risk” in the dictionary, you will find that it means “exposure to the chance of injury or loss, a hazard or dangerous chance.” This is a very broad definition. From…


Are compliance testing functions aligned or overlapping?

Are compliance testing functions aligned or overlapping?

In most organizations, whenever something goes wrong, the first question usually is, “Why was it not uncovered by the regulators, auditors, or the organization’s own assurance or testing…


Cyber Security: Fake News, Bots, Botnets and Click Fraud

Cyber Security: Fake News, Bots, Botnets and Click Fraud

The New York Times recently reported on an example of how fake news can reach beyond celebrities and political figures to the reputation of private citizens and their businesses…


De-Risking and Financial Inclusion

De-Risking and Financial Inclusion

Correspondent banking relationships (CBRs) play an essential role in economies around the world, enabling local banks to access overseas products and carry out cross-border…


Barbarians at the Gate—The Danger of Mortgage Fraud

Barbarians at the Gate—The Danger of Mortgage Fraud

This article was originally published in the June-August 2010 edition of ACAMS Today.


The Circus that is Post 9/11 AML Compliance

The Circus that is Post 9/11 AML Compliance

This article was originally published in the September-October 2004 edition of ACAMS Today.


Making the Transition from the Public to Private Sector

Making the Transition from the Public to Private Sector

This article was originally published in the September-October 2008 edition of ACAMS Today.


Fourth time’s the charm?

Fourth time’s the charm?

In December 2016, the Financial Action Task Force (FATF) issued its Fourth Round Mutual Evaluation Report for the U.S.’ anti-money laundering and counter-terrorist financing (AML/CTF)…


Hiding in Plain Sight

Hiding in Plain Sight

Illicit financial flows through developing countries due to trade-based money laundering (TBML) is one of the most pressing challenges facing policymakers across the globe and India…


Top Talent: Finders Keepers

Top Talent: Finders Keepers

As the world moves to an increasingly automated and technologically advanced environment, the best and most sophisticated systems will not improve efficiency if the…


Marketing 101: How an AML Professional can Increase Marketability

Marketing 101: How an AML Professional can Increase Marketability

The anti-money laundering (AML), counter-terrorist financing (CTF) and anti-financial crimes industry is booming. The evolving regulatory landscape, technological advances and new schemes create…


How Fintech is Changing the Compliance Landscape

How Fintech is Changing the Compliance Landscape

Fintech is the integration of financial services and technology that has emerged in the 21st century as a new sector in financial services. It includes a broad spectrum of innovative…


Fintech: Two Sides of the Compliance Coin

Fintech: Two Sides of the Compliance Coin

Fintech is a term that has entered the collective public consciousness in recent years. There is an increasing awareness of the disruption and exciting opportunities Fintech is…


2017—Transition and Transformation for Europe

2017—Transition and Transformation for Europe

As we move through the first months of 2017, the long-awaited ‘big day’ for the EU Fourth AML Directive has arrived, the Fifth AML Directive is under discussion, and I wonder how…


Celebrating 15 Years of ACAMS Today

Celebrating 15 Years of ACAMS Today

Fifteen years ago, the ACAMS Today newsletter—now a magazine—launched with a mission to become the premier publication for the career-minded financial crime detection and preventionl…


John J. Byrne, CAMS: 15 Years of ACAMS Today

John J. Byrne, CAMS: 15 Years of ACAMS Today

ACAMS Today sat down with ACAMS Executive Vice President, John J. Byrne, Esq., CAMS, to discuss the last 15 years of the ACAMS Today magazine’s progression and to reminisce over…


Dan Soto, CAMS: ACAMS’ 15 Years of Growth

Dan Soto, CAMS: ACAMS’ 15 Years of Growth

ACAMS Today caught up with Dan Soto, chief compliance officer for Ally Financial, Inc., where he is responsible for its enterprise-wide compliance activities, to discuss the last 15 years of…


Karla Monterrosa-Yancey, CAMS: 10 Years of an Evolving ACAMS Today

Karla Monterrosa-Yancey, CAMS: 10 Years of an Evolving ACAMS Today

ACAMS Today spoke with Karla Monterrosa-Yancey, CAMS, the editor-in-chief of the award winning ACAMS Today magazine for the Association of Certified Anti-Money Laundering…


Infographic and Timeline

Infographic and Timeline

A glimpse of the last 15 years of the award-winning ACAMS Today.


An Interlude with the ACAMS Today Editorial Committee

An Interlude with the ACAMS Today Editorial Committee

The ACAMS Today Editorial Committee took a quick break from their busy schedules to share thoughts, favorite articles and experiences about the ACAMS Today magazine. Elaine…


A SARS and STRIPS Retrospective

A SARS and STRIPS Retrospective

Cartoons have long been used as a communication tool for conveying information succinctly and effectively. The modern format of cartoons usually involves satire, humor…


20 Minute AML Investigations

20 Minute AML Investigations

Is there a point of diminishing returns in Bank Secrecy Act/anti-money laundering (BSA/AML) compliance where further investigative efforts within the financial institution’s scope…


Developing Terrorist Financing Typologies for AML Programs

Developing Terrorist Financing Typologies for AML Programs

Developing terrorist financing typologies for anti-money laundering (AML) programs requires understanding. You must understand the terrorist threat environment, emerging…


Samantha Sheen, CAMS: The Changing AML Landscape in Europe

Samantha Sheen, CAMS: The Changing AML Landscape in Europe

Samantha Sheen is an anti-financial crime risk professional who joined ACAMS in 2016 as its anti-money laundering (AML) director for Europe. Sheen has worked in both the public…


Rasheed A. Alanesi, CAMS, CPA—Sana’a, Yemen

Rasheed A. Alanesi, CAMS, CPA—Sana’a, Yemen

Rasheed A. Alanesi is the assistant general and compliance manager at Yemen Kuwait Bank and the head of the Compliance Committee of Yemen Bank Association. He is a member…


John Moody, III, CAMS—Brecksville, OH, USA

John Moody, III, CAMS—Brecksville, OH, USA

John Moody is a native of the greater Cleveland Ohio area and an accomplished CAMS professional. With a bachelor’s degree in accounting from the University of Akron and a CRCM from…


Lynn Na Li, CAMS—Shanghai, China

Lynn Na Li, CAMS—Shanghai, China

Lynn Na Li is an experienced anti-money laundering (AML) professional with over 13 years of related experience. In 2012, she received her Certified Anti-Money Laundering…