lperez, Author at ACAMS Today

Organ Trafficking: The Unseen Form of Human Trafficking

July 4, 2018February 10, 2023 /Leave a comment

Organ trafficking, a lucrative global illicit trade, is often a lesser discussed form of human trafficking among anti-human trafficking stakeholders due to its intricate and often stealth nature. Trafficking sex and/or labor are the more commonly thought of forms of human trafficking among public policy...

In Focus

SARs and the Onboarding Process

March 31, 2017 /Leave a comment

One of the principle tenets of an effective anti-money laundering (AML) compliance program is implementing a thorough customer onboarding process. Section 326 of the USA PATRIOT Act establishes the minimum standard for all financial institutions to implement a Customer Identification Program (CIP) with specific...

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The Importance of Compliance Roles in Modern-Day Business

November 23, 2016 /Leave a comment

It was not so long ago that the role of a compliance function was a relatively low profile, working in isolation and perceived as a cost center in most organizations. Its role was merely confined to authoring policies/procedures, box-ticking reviews, transaction monitoring, etc. As...

AFC Challenges, September - November 2016

Achieving Enterprise Risk When AML and Privacy Laws Conflict

September 20, 2016 /Leave a comment

Enterprise risk is a familiar but challenging topic within the anti-money laundering (AML) and compliance community. In order to deliver value to customers and shareholders, an institution must understand and manage the risks it faces across the entire organization. Risks are inherent to any...

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Eliminando la Esclavitud

June 28, 2016March 20, 2023 /Leave a comment

Un sorprendente error común de muchos es pensar que la esclavitud terminó en el siglo XIX; sin embargo, no fue así. En ningún momento de la historia humana ha habido más hombres, mujeres, niños y niñas esclavizados que ahora. En 2014, el Índice Global de...

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June – August 2016, Member Spotlight

Sean McCrossan, CAMS-FCI—Fort Mill, SC, USA

May 27, 2016 /Leave a comment

Sean McCrossan started his compliance career at Ally Bank where he investigated suspicious activity enterprise wide for Ally Bank’s Financial Crimes Intelligence Unit, conducted quality reviews and was involved in tuning efforts for transaction monitoring, communication with law enforcement, and the requirements and design of...

Europe, In Focus

Lessons Learned from the Paris and Brussels Terrorist Attacks

March 29, 2016March 31, 2016 /Leave a comment

On March 22, 2016, Brussels was rocked by two devastating terrorist bombings. In the first, two suicide bombers detonated powerful explosives at the Brussels airport and in the second, a third terrorist detonated a suicide bomb on a metro train at the Molenbeek subway station....

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Fighting Terrorist Financing: Learning from the Experts

December 7, 2015January 6, 2016 /Leave a comment

ACAMS’ annual AML and financial crime conference is always filled with valuable information on how to strengthen a Bank Secrecy Act/anti-money laundering (BSA/AML) program, ways compliance and law enforcement can enhance their partnerships, emerging money laundering typologies, new trends, case studies and best practices....

In Focus

Innovative Approaches in the Fight Against Financial Crime

September 14, 2015November 20, 2015 /1 Comment

Staying ahead of financial crime is no easy task, especially for an industry that processes billions of dollars in global transactions every day. Financial crime and associated anti-money laundering (AML) compliance regulations continue to present challenges for banks of every size. According to the...

AFC Challenges, Exclusive, September - November 2015

Conflict and Uncertainty: Due Diligence Challenges for Marijuana-Related Businesses

August 25, 2015August 25, 2015 /Leave a comment

State and federal legislative and regulatory developments regarding marijuana continue to lead headlines across the U.S., with numerous states recently legalizing or beginning to debate potentially legalizing marijuana cultivation, distribution and consumption for medicinal and recreational purposes. Marijuana is now legal in 23 states,...

ACAMS Today

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

Scanned and Scammed: QR Code Fraud

A New Approach to Casino Inherent Risk

Maximizing AFC Success on a Tight Budget

Neil Sternthal: Innovation, Collaboration and the Future of AFC

The Fraud Boom: Examining the Surge

Barbara Brick: Observe, Learn and Engage

About lperez