Jun ’19 – Aug ’19 Issue

Issue 18.3

Issue: Vol. 18 No. 3

Featured

From the Director of Editorial Content

Fighting Crime Through Public-Private Partnerships

Public-private partnerships that unite law enforcement (LE), financial institutions—and sometimes not-for-profits—have been amazingly successful in detecting, preventing…

From the Editor

A Universal Responsibility

A couple of years ago as I waited in line at a grocery store, I looked down the line and saw an elderly man at the register looking for his money to pay for…


Inside this Edition

Navigating Data Breaches in the Digital Age

Poor security, employee mistakes or malfeasance, failing technologies and savvy hackers are commonplace in today’s society and a perfect storm for data breaches.


The Rising Menace of Elder Financial Abuse

I think many people can relate when I say how much I love and miss my grandmother. My grandfather passed when I was a toddler but…


One Year Later: The CDD Final Rule

As the regulatory landscape shifts and turns in response to macroeconomic forces, technological innovation and geopolitical pressures, regulatory agencies amend existing rules and create new rules in an effort to ensure…


Hiroshi Ozaki, CAMS: Enhancing Japan’s AML/CTF Regime

Hiroshi Ozaki joined the Financial Services Agency in Japan (JFSA) on February 1, 2018, as a director of the anti-money laundering/counter-terrorist financing…


To Do or Not to Do: Making Sense of AML Practice in Indonesia

With a new government recently being elected in Indonesia, many are waiting to see if the new leaders will be able to deliver their campaign promises—including establishing a corruption-free nation. In order to accomplish…

Imposter Syndrome—In the Line of Fire

Congratulations, you have found your new career after retiring from law enforcement (LE). Like so many…


Dynamic Dialogue: The Ops Plan of a Successful Interview

If having the resume is what brings you to the door of opportunity, the next step is the breach. As law enforcement (LE) strive to make a successful entry into the private sector, knowing the “who” may secure the interview…


Feeling the buzz? Community Banks and Cannabis

As the Bank Secrecy Act (BSA) officer for a mid-sized bank in a state with legalized medicinal cannabis, I was open to the concept of banking cannabis. The bank has a strong BSA program with well-seasoned investigators who might…


A Win-Win Partnership: Community Banks and Law Enforcement

Does your anti-money laundering (AML) department have a collaborative relationship with law enforcement (LE)? If so, you know exactly the benefits of this relationship. If not, this should be a goal…


Siri, who is the bad guy?

Law enforcement (LE) is certainly no stranger to information technology (IT). Computers and smartphones are now routinely issued to agents and officers as their guns and badges.


Is all crypto created equal?

Cryptocurrency—a word that strikes fear in the heart of many antimoney laundering (AML) compliance professionals. After all, the root derives from the Greek…


Counterfeit Jewelry—Spotting a Fake

The criminal use of counterfeit jewelry spans to all levels of criminals and criminal organizations, generating billions of dollars in proceeds of crime annually. The estimated global value of counterfeit goods is several hundred…


The Future of Corporate Liability for Economic Crimes

Corporate liability for economic crimes has been a discussion point in the United Kingdom (U.K.) for over a decade. Public outreach by U.K. lawmakers prompted the enactment of omissions-based offenses, such as failure of commercial organizations to prevent bribery and tax evasion.


AML on the Frontline: What Triggers Law Enforcement Interest

The Association of Certified Anti-Money Laundering Specialists (ACAMS) Houston Chapter held its first lunch and learn event of 2019, AML on the Frontline: What Triggers Law Enforcement Interest. The expert speaker…


ACAMS New York Chapter: 2019 Update

The Association of Certified Anti-Money Laundering Specialists (ACAMS) New York Chapter kicked off the first quarter of 2019 with much success. This year so far…


Sandy Espinosa: Event Strategy Planning for a Diverse Audience

ACAMS Today  sat down with Sandy Espinosa, ACAMS’ event program manager, to chat about her strategies when planning international conferences and her sources of inspiration….


Eduardo Rangel—Manama, Bahrain

Eduardo Rangel is the chief compliance officer at National Bank of Bahrain. With ample experience in banking and compliance spanning for over…


Fareda D. Sands, CAMS—Nassau, The Bahamas

Fareda D. Sands is an experienced compliance, risk and anti-money laundering (AML) specialist with over two decades in the field. Sands has been an Association of Certified Anti-Money Laundering Specialists…


Lydra Arkaxhiu, CAMS—Milan, Italy

Lydra Arkaxhiu is a senior compliance manager in the head office of Assicurazioni Generali Group. Arkaxhiu is a qualified lawyer with a Bachelor of Laws degree…


Matthew S. Simas, CAMS, CFE—Westborough, MA, USA

Matthew S. Simas joined the U.S. Army in 2008 as a military police after earning a bachelor’s degree in criminal justice from Rhode Island College. Following a deployment to Iraq, Simas earned a master’s degree in criminal…


Legal Restitution as a Financial Intelligence Methodology

Victims of a crime, as individuals or as corporate entities, are legally entitled to restitution. The Mandatory Restitution Act of 1996 established procedures for determining the amount of restitution to which a victim may be entitled….


State of Innovation Report

The last three major financial crime cases investigator Glenn Dinetz worked on this year should never have happened because the technology that could have prevented each from escalating already exists….