The ACAMS Connection is a bi-weekly e-newsletter exclusive to ACAMS members. It provides members with a snapshot of anti-money laundering (AML) current events, the latest trends in financial crime and updates on what is new to the ACAMS community. The ACAMS Connection is the trusted source by ACAMS members for staying on top of industry best practices.
Not only will 2020 go down as one of the most difficult years in world history due to the COVID-19 pandemic, but the approach to anti-financial crime (AFC) was also fundamentally altered. COVID-19 created new and increased opportunities for criminals to engage in money...
2020 will be remembered as the year the world changed abruptly. In late January, just after the Chinese New Year, the coronavirus pandemic erupted and spread worldwide. Criminals quickly took advantage of the situation by hoarding masks, sanitizers and other consumer products used to fight...
With 80% of world trade traveling by sea, it should not come as a surprise that regulators now see maritime transportation as the principal means of moving sanctioned and embargoed goods across the globe.
Modern slavery, which represents the recruitment, transport, receipt and harboring of people for the purpose of exploiting their labor, affects almost all parts of the world.
One of the most popular uses of technology in the last two decades—apart from being able to travel to Mars and a breakthrough in genetic engineering—is the use of technology for financial activities.
Community bankers often ask examiners which internal audit or consulting firms they should use for Bank Secrecy Act/anti-money laundering (BSA/AML) independent testing.
Beneath the boardrooms, behind the conferences and between the lines of regulation lies the reality of the banking industry’s existence as an economic terrain.
