Special for the Web Archives

CSAM: The Role of Social Media and Jurisdictions

April 23, 2024 /Leave a comment

Child abuse is generally a hidden act in our society that usually happens behind closed doors and in private moments, often perpetrated by those adults who are the most trusted by their child victims. Although the online child sexual abuse methods may vary from person...

ACAMS Connection, AFC Challenges, Special for the Web

Binance’s $4 Billion Federal Settlement

March 13, 2024April 17, 2024 /Leave a comment

Unlicensed money transmitting and sanctions violations by Binance Holdings Limited (Binance), the entity that operates the world’s largest cryptocurrency exchange, Binance.com, and its CEO Changpeng Zhao resulted in both the company and Zhao pleading guilty on the grounds of engagement in money laundering on November...

Europe Express, Special for the Web

EU’s Battle Against Wildlife Trafficking in 2024

March 4, 2024 /Leave a comment

Four elephant tusks and thousands in cash were discovered by police inside a BMW during a traffic stop on a motorway in France in 2015. Some passengers tried to reassure the police that they were antique dealers, but a police investigation uncovered that they were...

AFC Policy, March – May 2024, Special for the Web

The Possible Effects of the Beneficial Ownership Rule

March 1, 2024 /Leave a comment

All financial institutions (FIs) are now contending with the changes in the Beneficial Ownership Rule that went into effect on January 1, 2024. The objective of the Beneficial Ownership Rule established in May 2018 was for FIs to know the “who” of your customer’s relationships...

Fraud Alert, Special for the Web

The Critical Role of Device Intelligence in Catching Fraud

February 16, 2024February 16, 2024 /Leave a comment

Device intelligence, as the name suggests, is the approach of collecting all the data about a device, analyzing it and creating a digital fingerprint of the device to ascertain the identity of the user. The goal of device intelligence is to facilitate early fraud detection,...

AFC Challenges, Special for the Web

The Aftermath of the 1MDB Scandal

January 24, 2024January 30, 2024 /2 Comments

The 1Malaysia Development Berhad (1MDB) scandal is one of the largest financial swindles in the anti-financial crime (AFC) space in recent history. Initially launched to promote the management of savings belonging to the state through investments in shares, bonds or real estate, the sovereign wealth...

ACAMS Conexión, Acceso LatAm, Español, Special for the Web

Ciberseguridad en instituciones financieras

January 10, 2024 /Leave a comment

La revolución digital ha transformado la manera en que el mundo financiero opera. Esta transformación, aunque llena de oportunidades y ventajas, ha venido acompañada de un conjunto de desafíos, principalmente en el ámbito de la ciberseguridad. El aumento de las transacciones digitales y la aparición...

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ACAMS Connection, Ask the AFC Guru, Fraud, Special for the Web

Ask the AFC Guru: Lindsay Lindmier—Audit Preparation, Protecting Against Fraud and More

December 20, 2023April 26, 2024 /Leave a comment

This month’s anti-financial crime (AFC) guru, Lindsay Lindmier, CAMS, CAFP, is the director of Financial Crimes and Bank Secrecy Act/Office of Foreign Assets Control (BSA/OFAC) officer at Security National Bank in Omaha, Nebraska. Security National Bank, which is a privately owned bank with an asset...

AFC Challenges, December 2023 – February 2024, Fraud Alert, Special for the Web

Financial Abuse Typologies

December 13, 2023March 27, 2024 /Leave a comment

The Financial Crimes Enforcement Network (FinCEN) has released several publications asking financial institutions (FIs) to be on the lookout for elder financial abuse and to report this abuse when it is identified. While focusing on the elderly, it is a critical function to protect a...

ACAMS Connection, Special for the Web

Fentanyl Precursor Chemicals Trafficking: The Dark Side of Cryptocurrency

December 8, 2023December 13, 2023 /Leave a comment

In May 2023, blockchain analytics and cryptocurrency monitoring firms Elliptic and Chainalysis both released new findings that offer a glimpse into the role of cryptocurrency in the global fentanyl trade, specifically, the wholesale supply of precursor chemicals to fentanyl producers around the world. Both Elliptic...

ACAMS Today

The Magazine for Career-minded Professionals in the Anti-Money Laundering Field

Assembly Chatter with ACAMS Today: Aaron Kahler

Four Questions: Advice From a BSA/OFAC Officer

NPOs: Risk for Suspicious Activity

Crimen Financiero: Destrucción de la Amazonia de Brasil

CSAM: The Role of Social Media and Jurisdictions

Assembly Chatter with ACAMS Today: Dr. Tanya McCartney

Special for the Web

CSAM: The Role of Social Media and Jurisdictions

Binance’s $4 Billion Federal Settlement

EU’s Battle Against Wildlife Trafficking in 2024

The Possible Effects of the Beneficial Ownership Rule

The Critical Role of Device Intelligence in Catching Fraud

The Aftermath of the 1MDB Scandal

Ciberseguridad en instituciones financieras

Ask the AFC Guru: Lindsay Lindmier—Audit Preparation, Protecting Against Fraud and More

Financial Abuse Typologies

Fentanyl Precursor Chemicals Trafficking: The Dark Side of Cryptocurrency