Sep ’12 – Nov ’12 Issue

Issue 11.4

Issue: Vol. 11 No. 4

Featured

All the world is real estate

All the world is real estate

In recent years, the use of the real estate sector for money laundering has increased significantly. Real estate money laundering supports criminal activities, and produces negative impacts on countries' real estate markets and overall economies. Only a small number of countries presently require the real estate sector to...

A tell by any other name — What a poker player can teach you about recognizing suspicious activity

A tell by any other name — What a poker player can teach you about recognizing suspicious activity

Gambling is inherently a risky business and one where the odds of success run from slim to practically none. Yet the game of poker injects both a skill element born of study and experience and the element of psychology...

From the Executive Vice President
A message from the executive vice president

A message from the executive vice president

In the United States, we are in the midst of a presidential election year and many are bemoaning the lack of civility in public discourse. With all of the many avenues...

From the Editor
From the Editor

From the Editor

"All the world's a stage and all the men and women merely players." Words written in England circa 1600 still resonate today. Each person plays many roles in their life. They are professionals, students...

Inside this Edition
The AML/CFT Enforcement Regime in South Africa

The AML/CFT Enforcement Regime in South Africa

The Financial Intelligence Centre (the FIC) is South Africa's Financial Intelligence Unit (FIU) mandated to establish an anti-money laundering and counter terror-financing regulation...


Enhanced Due Diligence is a Must to Mitigate AML Exposure in Turkey

Enhanced Due Diligence is a Must to Mitigate AML Exposure in Turkey

The laundering of funds generated from the sale of drugs continues to be a major threat, not least due to the frequent nexus between drug cartels and terrorist organizations. The recent...

The heat is on: New and revised pressures for AML compliance

The heat is on: New and revised pressures for AML compliance

Do all of the requirements across global and local authorities make your head spin? They certainly have accumulated over the past ten years. This year alone, the activity level has been high among...


The Challenges of First Generation Rules

The Challenges of First Generation Rules

Rules or detection scenarios are at the heart of an anti-money laundering (AML) software solution. It is through rules and profiling that a compliance group is alerted to suspicious...


Mobile money

Mobile money

Balancing financial integrity with business expediency Mobile money transfer (MMT) services have in recent years arguably been the single most effective contributor to global financial inclusion...


All the world is real estate

All the world is real estate

In recent years, the use of the real estate sector for money laundering has increased significantly. Real estate money laundering supports criminal activities, and produces negative...

How banking institutions in Japan should react to the FATCA Account Identification Regulations

How banking institutions in Japan should react to the FATCA Account Identification Regulations

Industry organizations in each country submitted comment letters toward the proposed regulations on U.S. Foreign Account Tax Compliance Act (FATCA), which was released on February 8...

Reengineering compliance strategies as a counter-crisis measure

Reengineering compliance strategies as a counter-crisis measure

During the last two decades, the global communities' efforts in the fight against international crime organizations have been exponentially increased as far as property, capital seizure and...

Dr. Christoph Stuckelberger: The benchmarks of behavior

Dr. Christoph Stuckelberger: The benchmarks of behavior

ACAMS Today had the opportunity to chat with Dr. Christoph Stückelberger, executive director and founder of Globethics.net Foundation in Geneva, Switzerland. Stückelberger is also the...

Michael Vasquez: Operations Department

Michael Vasquez: Operations Department

Michael Vasquez serves as the operations director for ACAMS. He has been with the organization for over two years and oversees the customer service, IT and fulfillment departments. Prior to joining...

Pieter Rossouw, CAMS Pretoria, South Africa

Pieter Rossouw, CAMS Pretoria, South Africa

Pieter Rossouw has a LLM in Criminal law, and had a distinguished career as a public prosecutor and military law officer. As such he was involved in the investigation and prosecution of a number...


Chris Cuzzucoli, CAMS, San Francisco, California, USA

Chris Cuzzucoli, CAMS, San Francisco, California, USA

Chris Cuzzucoli joined Schwab in March 2010 as the AML/OFAC officer for Charles Schwab & Co., Inc., and was later appointed to the same position for Charles Schwab Bank and Charles...


Lisa Kelaart-Courtney, CAMS Dubai, United Arab Emirates

Lisa Kelaart-Courtney, CAMS Dubai, United Arab Emirates

A dedicated governance, risk and compliance professional with both a practitioner and regulatory background, Lisa Kelaart-Courtney leads the Compliance Advisory Services division of...

The need for improvement

The need for improvement

With changing regulation, increasing market competition and consolidation — especially within the context of the current financial crises, banks and other financial institutions need...


Revving the innovation engine: Software as a service for AML and compliance

Revving the innovation engine: Software as a service for AML and compliance

Following much criticism from federal examiners in 2010–2011, financial institutions have had to develop more effective Bank Secrecy Act and anti-money laundering (AML) compliance...


Changing the identity management paradigm

Changing the identity management paradigm

As anti-money laundering (AML) and financial crimes compliance professionals, we are focused on preventing money laundering, terrorism financing, fraud, waste and abuse. While...


A tell by any other name – What a poker player can teach you about recognizing suspicious activity

A tell by any other name – What a poker player can teach you about recognizing suspicious activity

Gambling is inherently a risky business and one where the odds of success run from slim to practically none. Yet the game of poker injects both a skill element born of study and experience...