The ACAMS Connection is a bi-weekly e-newsletter exclusive to ACAMS members. It provides members with a snapshot of anti-money laundering (AML) current events, the latest trends in financial crime and updates on what is new to the ACAMS community. The ACAMS Connection is the trusted source by ACAMS members for staying on top of industry best practices.
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For the past 100 years, the mafia’s brutal and lawless presence has influenced everything from pop culture to history, extending beyond Italy’s borders to impact crime around the world. The word mafia is used as an informal term for four major groups: Calabria’s ‘Ndrangheta, Campania’s...
Editor’s note: This article is the second of a two-part series on human trafficking typologies and methodology. The first part of this series, “Human Trafficking: Persona-based Typologies and Methodology,”1 re-emphasized the scale of the human trafficking (HT) problem and the key investigation challenges to tackle,...
"As we look at Ukraine, as we look at these unprecedented sanctions, we really have to close the loopholes that are created by the Wagner Group’s presence in many countries around the world, in particular in Africa." The “Sanctions Space” podcast is back! Justine Walker...
More than 50 people have secretly flagged anti-money laundering deficiencies and sanctions evasion to U.S. officials in the month since Congress bolstered a fledgling, federal whistleblower program, two sources with direct knowledge of the matter told ACAMS moneylaundering.com. Click here to read the full article.
Financial crime, including money laundering, is an illicit growing industry, and criminals are getting increasingly sophisticated. Financial institutions (FIs) are deeply involved in combating this. In North America alone, they spent a little less than $50 billion on compliance in 2021.1 But banks typically use rule-...
The legal and regulatory landscape of the anti-money laundering/counter-terrorist financing (AML/CTF) sector is in constant flux and necessitates a dedicated function to assess the level of compliance and the effectiveness of obliged entities’ policies, procedures, measures and controls regularly. External independent AML audits are key...
Editor’s note: This article is the first part of a two-part series on human trafficking and terrorist organizations. Human trafficking (HT) constitutes a serious human rights violation and is one of the most profitable criminal enterprises, attracting both small local groups and international networks. In...
According to the Financial Action Task Force (FATF), financial institutions (FIs) should be required to implement programs against money laundering and terrorist financing. The program According to the Financial Action Task Force (FATF), financial institutions (FIs) should be required to implement programs against money laundering...
The ball has dropped, the fireworks have faded, and the new year has arrived with new anti-money laundering rules, sanctions and other compliance-related responsibilities on the near horizon for the global financial services industry. Moneylaundering.com reporters Koos Couvée, Gabriel Vedrenne, Fred Williams and Benjamin Hardy asked...
If years were disgruntled spouses, 2022 threw everything at us but the kitchen sink, starting with political turmoil in Britain, a criminal referral against a former U.S. president, uprisings in Iran, a standoff between superpowers near Taiwan and a decoupling of the global economy. Click...