money laundering Archives

AFC Challenges, Fraud, September 2011 – November 2011

Fraud and Money Laundering: What’s the connection?

September 2, 2011April 26, 2024 /Leave a comment

Recent headlines have been filled with news stories about all types of fraud from Bernie Madoff's infamous multi-billion dollar Ponzi scheme to Internet phishing scams to mortgage fraud. The downturn in the economy has brought many of these cases out into the open, namely mortgage...

Career Guidance, June 2011 – August 2011

AML Skills as Part of an Integrity Management Program

August 29, 2011April 10, 2015 /1 Comment

Financial institutions are now recognizing that the skills developed to fight money laundering can be applied in a much broader arena. Articles and seminars offered by ACAMS have described the benefits of combining or coordinating an institution's AML program with fraud prevention. The ability to...