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AFC Challenges, Human Trafficking Awareness Month, World Digest

Operationalizing the Intersection of Money Laundering and HT

January 13, 2025January 13, 2025 /Leave a comment

In July 2008, the contentious case of United States v Jeffrey Epstein laid bare some systemic challenges in prosecuting human trafficking (HT) cases. Epstein's financial resources allowed him to negotiate a controversial plea deal, which resulted in him serving only 13 months in a county...

AFC Challenges, Human Trafficking Awareness Month, In Focus

Banks, Human Trafficking and P2P Payments

January 10, 2025January 10, 2025 /Leave a comment

Emerging payment methods, including peer-to-peer (P2P) applications, have been widely adopted by American consumers. Unfortunately, perpetrators of human trafficking (HT) have also adopted P2P payments. HT is the exploitation of a person through force, fraud or coercion, for forced labor or commercial sex, or the...

AFC Challenges, Compliance, Fraud

Trade Surveillance in 2025

January 10, 2025January 10, 2025 /Leave a comment

From JPMorgan’s $450 million data governance fines to the high-profile manipulation and fraud conviction of Archego’s Bill Hwang, trade surveillance and abuse were center stage ...

Compliance, December 2024 – February 2025

SARs That Count: Words Matter

December 19, 2024December 19, 2024 /Leave a comment

When the Financial Crimes Enforcement Network issued its Advance Notice of Proposed Rulemaking in September 2020, titled “Anti-Money Laundering Program Effectiveness,” it marked a significant shift in how anti-money When the Financial Crimes Enforcement Network (FinCEN) issued its Advance Notice of Proposed Rulemaking (ANPRM) in...

Awards, December 2024 – February 2025

ACAMS Stars Lead the Way in 2024

December 19, 2024December 19, 2024 /Leave a comment

The achievements of five anti-financial crime professionals as well as one ACAMS chapter were recognized during an awards presentation that took place at The Assembly Las Vegas in September at the Aria Resort and Casino. During the ceremony, Dennis Lormel received a The achievements of...

Career Guidance, December 2024 – February 2025

AI Is Giving Job Seekers ‘Ghost Confidence’

December 19, 2024December 19, 2024 /Leave a comment

Let us take a moment to recall this curious headline from March 2023: “Homeless Man Lands Job After Using ChatGPT for Resume and Interview Prep―A 45-year-old homeless man in Chicago used public library computers to access ChatGPT, which helped him craft a compelling resume and...

AFC Challenges, December 2024 – February 2025

The Status of Cannabis Banking in 2024

December 19, 2024 /Leave a comment

Cannabis-related banking and regulation evolved rapidly in 2024, as legalization at the federal level attracted endorsements from all sides of the political spectrum, banking reform inched toward consensus in Congress, and state-level regulatory regimes expanded their reach to encompass the 80% of U.S. residents that...

December 2024 – February 2025, Sanctions

Balancing Costs and Strict Liability: A New Normal

December 19, 2024December 19, 2024 /Leave a comment

The ongoing convergence of the world’s financial and physical supply chains has created new regulatory realities. For financial institutions and the supply chains they finance operationalizing while optimizing sanctions and trade control compliance processes and procedures can be challenging. This can be especially true when...

Compliance, December 2024 – February 2025

SAR Optimization: Seeing the Forest Beyond the Trees

December 19, 2024December 19, 2024 /1 Comment

Suspicious activity reports (SARs) provide crucial intelligence that helps law enforcement develop cases, uncover assets and discover connections to investigate criminal networks. However, the sheer volume and complexity of SARs make them difficult to analyze efficiently. This article is the first part of a two-part...

ACAMS Connection, Practical Solutions, Understanding AI

Why AI is a Game-Changer in Banking’s Fight Against Money Laundering

December 9, 2024 /2 Comments

In today's complex financial landscape, it is more crucial than ever for banks to strengthen the technologies and programs they have in place for anti-money laundering (AML) and counter-terrorist financing (CTF). Financial crime, historically difficult to detect, is becoming even more challenging with the rise...

ACAMS Today

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

A growing concern in Brazil’s digital gambling market

Angela Salter: The CAMS Evolution

A new era in financial crime prevention partnerships

Public-private partnerships in SAR optimization

Meme coin mania and mayhem: Navigating the blind spots

Steps FIs can take to improve working with LE

featured

Operationalizing the Intersection of Money Laundering and HT

Banks, Human Trafficking and P2P Payments

Trade Surveillance in 2025

SARs That Count: Words Matter

ACAMS Stars Lead the Way in 2024

AI Is Giving Job Seekers ‘Ghost Confidence’

The Status of Cannabis Banking in 2024

Balancing Costs and Strict Liability: A New Normal

SAR Optimization: Seeing the Forest Beyond the Trees

Why AI is a Game-Changer in Banking’s Fight Against Money Laundering