Spend time with retired four-star General James Jones and you will likely hear his ominous bifurcation of “those companies that have been a target of a cyberattack, and those that will be.” As former U.S. National Security Advisor to the President and Commandant of the...
The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) recently issued an advisory to financial institutions on cyber-events and cyber-enabled crime,1 along with frequently asked questions.2 FinCEN’s advisory encourages the preparation of suspicious activity reports (SARs) that evidence significant electronic activity and behavior,...
As written in the 2016 ACAMS Today law enforcement edition, this article is not meant to embarrass, put down, or offend persons suffering from addiction. However, it is a wakeup call to the readers of this article, to us as a society, and to...
You have created a stellar resume by using the tips provided in the article titled “Resume Tips for the AML Professional”1 and you have followed that up with a proactive marketing strategy as recommended in the article “Marketing 101: How an AML Professional can Increase...
Gone are the days when a mysterious internet-based currency called bitcoin was seen simply as a tool used by criminals to purchase illicit goods and launder money. Today, Bitcoin is recognized as a promising innovation and its underlying technology (blockchain) has inspired the design of...
In August 2015, the St. Paul Police Department launched the Criminal Proceeds Unit. The unit is dedicated to the investigation of money earned from criminal activity, be it the sale of narcotics, human trafficking, fraud or other felony level crimes. Money is the lifeblood of...
On May 22, 2017, suicide bomber Salman Abedi detonated a sophisticated explosive device, just outside of an exit to the Manchester Arena in Manchester, England, immediately following a concert performed by Ariana Grande. Twenty two people were killed in the explosion, including seven children. At...
United States financial institutions should respond to negative media coverage of current and former associates of President Donald Trump by reassessing the compliance challenges, affected customers and transactions present but refrain from automatically classifying anyone linked to the head of state as high risk, according...
Fifteen years ago, the ACAMS Today newsletter—now a magazine—launched with a mission to become the premier publication for the career-minded financial crime detection and prevention professional. Years later, the ACAMS Today magazine gained popularity in the financial crime prevention industry as the go-to magazine...