Larissa Bernardes, Author at ACAMS Today

ACAMS Conexión, Español, moneylaundering.com

Cierres, Cambios Legales y Fatiga: El Año del ALD

January 20, 2021February 7, 2023 /Leave a comment

Por: ACAMS moneylaundering.com En los últimos días de 2019, cuando se supo que el nuevo coronavirus había empezado a extenderse más allá de Wuhan, China; pocos comprendieron la magnitud de la tragedia humana, la catástrofe económica y la inspiradora capacidad de recuperación que presenciaría el...

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Global Financial Crime Review, September 2020 - November 2020

Venezuela—Blink and You May Miss It

October 5, 2020 /Leave a comment

The COVID-19 pandemic has exposed the best and worst of what governments can do for their citizens. Some nations’ leaders and governmental systems have worked to ensure that the least among their populace can generally survive and (hopefully) thrive with some assistance; others have...

AFC Challenges, September 2020 - November 2020

Trends in Fund Companies’ AML Programs and SAR Filings

October 5, 2020October 5, 2020 /Leave a comment

Anti-money laundering compliance officers (AMLCOs) often observe situations where their clients or partners may struggle with deciding whether to report suspicious activity in accounts where no suspect can be identified. Based on recent regulatory filings, there appears to be an increase in suspicious activity detection...

AFC Challenges, September 2020 - November 2020

Insured Against Financial Crime

October 5, 2020 /Leave a comment

Insurance companies are classified as nonfinancial institutions. Yet in 2002, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) imposed requirements for insurers to comply with the Bank Secrecy Act (BSA), including the responsibility to file suspicious activity reports (SARs) that do...

Compliance, Exclusive, Fraud

Fraud Is Big Business—A Fintech Perspective

September 9, 2020April 26, 2024 /Leave a comment

In the past few years, several fintechs such as TransferWise, Stripe and Venmo have evolved from start-ups to established businesses in the payments industry. As part of this evolution, these fintechs have expanded their product offerings to include digital wallet balances, linked bank account...

ACAMS Connection, In Focus, Practical Solutions

FCC Testing Within the Banking Industry

September 1, 2020February 3, 2023 /Leave a comment

What is financial crime compliance (FCC) testing? A report by PwC uses the following definition, “Compliance testing can be defined as a periodic, independent and objective assessment of compliance-related processes and/or controls. The aim of compliance testing is to assess whether the elements, processes and...

ACAMS Connection, Europe Express, Exclusive

Virtual Currencies—Regulation and Terrorist Financing Risks

August 24, 2020February 2, 2023 /Leave a comment

The rise of bitcoin and other virtual currencies poses new challenges in the fight against money laundering and terrorist financing (ML/TF). With virtual currencies, users can make global payments that are beyond the control of financial regulators and security authorities.1 In addition, there is a...

AFC Challenges, June - August 2020

Terrorist Threats Within Domestic Boundaries

July 1, 2020September 28, 2020 /Leave a comment

Terrorism is a number of things: It is deadly, costly, constant, evolving, local, regional, global and unrelenting. Finally, terrorism is real. Yet terrorism faces two major vulnerabilities: finance and communications. These two elements underscore the importance of transforming financial intelligence into one of the most...

Caribbean Catch-Up

Strategies for Avoiding Being De-Risked

April 1, 2020March 31, 2020 /Leave a comment

De-risking is defined by the Financial Action Task Force (FATF) as “the phenomenon of financial institutions terminating or restricting business relationships with clients or categories of clients to avoid, rather than manage risk.”1 This risk pertains directly to the potential for money laundering (ML), terrorist...

ACAMS Connection, In Focus, March – May 2020, Understanding AI

Is This AI System For Me?

March 10, 2020August 2, 2024 /Leave a comment

It has been almost two years since the Understanding AI column debuted on ACAMSToday.org. In that brief span of time, the technology has gone from fringe to fixture in the minds of anti-financial crime professionals. Dedicated artificial intelligence (AI) solutions are now commonplace and almost...

ACAMS Today

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

How imposter fraud has evolved with AI tools

Why you should make your boss’ life easier

FinCEN’s mandate for AML/BSA programs: Risk intelligence platforms

Closing the agility gap: Why compliance cannot keep up in the “launderverse”

The effects of recent enforcement actions and FinCEN’s real estate regulations

Virtual IBANs under scrutiny: Closing Europe’s digital banking loophole

About Larissa Bernardes