Ray Chavez, Author at ACAMS Today

ACAMS Today Español, Español, Soluciones Prácticas

Asociaciones público-privadas contra el lavado de dinero

August 3, 2021March 14, 2023 /Leave a comment

En todas partes del mundo hay discusiones concertadas en mejorar la detección de actividades sospechosas por parte de las instituciones financieras. Las cifras que a menudo se mencionan sobre el nivel de detección son horribles. A la misma vez, las instituciones financieras gastan cada vez...

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Caribbean Catch-Up, In Focus

FATF Removes the Bahamas From the Grey List

July 26, 2021July 26, 2021 /Leave a comment

On December 18, 2020, the Financial Action Task Force (FATF) announced that the Bahamas was delisted from its grey list of “Jurisdictions under Increased Monitoring.”1 This decision came after a final review and the recommendations from the International Co-operation Review Group (ICRG) of the...

Compliance, Exclusive, Fraud

Gold and Diamonds on the Blockchain: Fighting Fraud With New Technology

July 26, 2021April 26, 2024 /Leave a comment

First it was money, now it is gold and diamonds. Yes, even precious metals have turned digital! Contracts for differences on gold and silver are available to trade with on various cryptocurrency exchanges like CEX.IO.1 Not only metals, but diamonds are now available on...

AFC Challenges, In Focus

Merchants of Death: The Business of Selling Illegal Wildlife During the Pandemic

July 13, 2021 /Leave a comment

Image source: Shark fin © WWF-Hong Kong/Elson Li. The illegal exploitation of the world’s wild flora and fauna remains a severe and growing problem globally. Criminal syndicates have entered the business, much like a shrewd businessperson would diversify their business products. By all accounts,...

AFC Challenges, In Focus

Malign Information Laundering and the Next Generation of Compliance

July 7, 2021 /1 Comment

What if Big Tech was held accountable for know your customer (KYC) procedures and for preventing the movement of malign information just as financial institutions (FIs) are accountable for KYC measures and preventing money laundering? The next generation of compliance needs to include combating...

ACAMS Awards

ACAMS Today Article of the Year Award Winners Throughout the Years

July 7, 2021July 26, 2021 /Leave a comment

ACAMS Today Article of the Year Award celebrates 13 years of highlighting noteworthy articles from expert contributors. In 2008, Charles Faciglia was the first to win for his article on suspicious activity reports. Since the award’s inauguration, there have been 14 award-winning articles and 25...

AFC Challenges, Exclusive

Could Blockchain Hacks Mean the End of the Cryptocurrency Era?

July 7, 2021July 22, 2021 /Leave a comment

By now, the myth that cryptocurrency is entirely bulletproof has hit the rocks. Even as crypto hacks become rampant, the “experts” tread the wary path of caution. Coinbase's Brian Armstrong has said1 he could not prove that a mathematical formula to compromise Bitcoin keys does...

ACAMS Conexión, Español

Micro-ALD y las asociaciones

July 6, 2021February 3, 2023 /Leave a comment

¿Es la mejora de los conocimientos de investigación financiera de las agencias de control legal en el nivel «micro» de las actividades financieras ilícitas la clave para lograr resultados «macro» de los esfuerzos de cumplimiento de la Ley de Secreto Bancario/antilavado de dinero (ALD)? El...

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June - August 2021, Staff Notes

Data Analytics and a Good Old-Fashioned Investigation

June 25, 2021 /Leave a comment

This article covers two case studies where a bank effectively deployed data analytics as part of an anti-money laundering (AML) investigation. One case relates to potential online streaming of child sexual abuse and exploitation (CSAE) and the second case relates to potential terrorist financing....

June - August 2021, Staff Notes

Cashless Societies: Changing Times for AML Professionals

June 25, 2021 /Leave a comment

Cashless societies have become less of an abstract idea and more of a tangible reality since the outset of the COVID-19 pandemic. The lockdown restrictions around the world have significantly impacted the way transactions take place. The so-called “new normal” has left fewer opportunities...

ACAMS Today

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

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

AI’s Potential Impact on AFC Careers

About Ray Chavez