kcastillo@acams.org, Author at ACAMS Today

Balance Between Privacy and Transparency—UBO Information

April 13, 2023April 18, 2023 /Leave a comment

Imagine back-to-back loans between several companies registered in offshore jurisdictions. This could look like or be a set of transactions indented for tax planning within a legitimate business activity. However, the picture can change quickly. For example, if it is established that the ultimate beneficial...

ACAMS Connection, AFC Challenges, Exclusive, Fraud Alert

Insider Fraud and Employee Monitoring: Learn from Others’ Mistakes

March 31, 2023March 27, 2024 /Leave a comment

When thinking of employees who have reached managerial roles or work in loss prevention, the last attribute that comes to mind is untrustworthy. However, that is exactly what they were in 2022 at Amazon. These roles naturally convey trust, which can lead to unquestioned agreement...

ACAMS Conexión, Español

Riesgos y controles de la financiación del comercio

March 27, 2023 /Leave a comment

La financiación del comercio se describe como la provisión de financiación y servicios por parte de instituciones financieras para el movimiento de bienes y servicios entre dos puntos, ya sea dentro de un país o a través de las fronteras.1 Existen múltiples métodos por los...

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ACAMS Connection, March – May 2023, Practical Solutions

The Big Impacts of Small, In-House BMAs: A Case Study in the Fight Against Corruption

March 10, 2023April 5, 2023 /Leave a comment

Faced with the challenges imposed by COVID-19 and global economic downturns, what will differentiate strong businesses from weak ones going forward will be their ability to think ahead, adapt and innovate. Fighting corruption and other financial crimes continues to be a huge operational burden and...

ACAMS Connection, March – May 2023, Practical Solutions

The Great Divide: Getting Convergence Right This Time

March 10, 2023April 5, 2023 /Leave a comment

As the world becomes increasingly interconnected and digital, so too has the threat of financial crime. Traditionally, siloed methods of combating financial crime, such as anti-money laundering (AML) and fraud detection, must adapt to the changing landscape and find ways to effectively mitigate the risks...

March – May 2023, Member Spotlight

Amy Wotapka, CAMS—Wisconsin, USA

March 10, 2023March 14, 2023 /Leave a comment

Amy Wotapka, CAMS, is the Office of Foreign Assets Control and Bank Secrecy Act Officer at First American Bank. Wotapka’s banking career started in 1982 as a teller, ultimately landing in anti-money laundering compliance in 2001 under her mentor Jackie Santos at PNC Bank. From...

Italy Chapter, Know Your Chapter, March – May 2023

The Launch of the ACAMS Italy Chapter and What Comes Ahead!

March 10, 2023March 14, 2023 /Leave a comment

On November 21, 2022, the ACAMS Italy Chapter hosted its first in-person event in Milano for the chapter’s launch, making the Italy Chapter the 62nd chapter worldwide and 15th in Europe. Marking its first meeting at the glamourous Excelsior Hotel Gallia, the newly formed Italy...

Know Your Chapter, March – May 2023, Southern Nevada Chapter

Location, Location, Location and 2022 in Review

March 10, 2023March 14, 2023 /Leave a comment

ACAMS Southern Nevada Chapter is happy to call Las Vegas its home. The city is an internationally renowned major resort destination known primarily for its entertainment, fine dining, gambling, shopping and nightlife. Las Vegas is among the top destinations in the U.S. for business travel,...

Know Your Chapter, March – May 2023, South Florida Chapter

Spotlight on the ACAMS South Florida Chapter

March 10, 2023March 14, 2023 /Leave a comment

The last few years proved to be transformative for how and where we work. Pushed by the pandemic, many in the anti-financial crime (AFC) community moved into remote-only or hybrid work environments. Many in the AFC community also made a far greater leap and moved...

March – May 2023, Practical Solutions

Choppy Waters: Negotiating the Complexities of Sanctions Due Diligence in an Uncertain World

March 10, 2023March 14, 2023 /1 Comment

In the not-too-distant past, a large international financial institution (FI) was weighing a golden opportunity. It was asked to provide funding for a sizeable manufacturing project in Central Asia. The project appeared sustainable and well-placed to offer a solid return on investment. However, the venture...

ACAMS Today

The Magazine for Career-Minded Professionals in the Anti-Financial Crime Field

Next-Generation Financial Crime Enterprise-Wide Risk Assessments

The Critical Role AFC Professionals Can Play in Sustainable Development

Nature for Sale: Unmasking the True Cost of Wildlife Trafficking

ECO-SOLVE: Using AI to Disrupt Global Wildlife Trafficking

Predicting the Future: LLMs in AML Regulation

🤑Smileys to 💉Syringes: Deciphering Emojis and Slang in Illicit🍁Drug Sales

About kcastillo@acams.org

Balance Between Privacy and Transparency—UBO Information

Insider Fraud and Employee Monitoring: Learn from Others’ Mistakes

Riesgos y controles de la financiación del comercio

The Big Impacts of Small, In-House BMAs: A Case Study in the Fight Against Corruption

The Great Divide: Getting Convergence Right This Time

Amy Wotapka, CAMS—Wisconsin, USA

The Launch of the ACAMS Italy Chapter and What Comes Ahead!

Location, Location, Location and 2022 in Review

Spotlight on the ACAMS South Florida Chapter

Choppy Waters: Negotiating the Complexities of Sanctions Due Diligence in an Uncertain World