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.
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Deepfake technologies, such as digitally altered videos in which a person has been replaced with another person’s likeness, have been used in the entertainment industry for years. Recently, however, they have been used for more nefarious purposes. A highly manipulated deepfake video of Elon Musk...
"If you do not change direction, you might end up where you are heading.” The quote by Lao Tzu feels appropriate considering the "If you do not change direction, you might end up where you are heading.” Lao Tzu The quote by Lao Tzu feels...
In 2016, an article in ACAMS Today provided information and tips on crafting effective resumes. Fast-forward to 2020, when the rapid spread of the COVID-19 In 2016, an article in ACAMS Today1 provided information and tips on crafting effective resumes. Fast-forward to 2020, when the...
The financial services sector, especially in the financial technology (fintech) area, has experienced a wave of layoffs lately. This article will cover six career options that are red hot right now in terms of hiring activity. If you are in the job market and are...
According to the Guinness World Records, the first paper-based currency was developed during China’s Tang Dynasty in the seventh century1 and later introduced to Europe by explorers such as Marco Polo in the 13th century, as stated by the Foundation for Economic Education.2 Fast forward...
The Treasury Department's decision to restrict congressional access to financial intelligence on the basis of protecting confidential information and ongoing investigations has created friction with U.S. lawmakers, who say they require the data to perform their constitutional oversight role. Click here to read the full...
Many U.S. financial institutions (FIs)1 are subject to the Currency and Foreign Transactions Reporting Act of 1970, better known as the Bank Secrecy Act (BSA). These FIs are required to incorporate policies, procedures and internal controls reasonably designed to assure compliance with the BSA and...
Financial technology-centric platforms, or fintechs, with special-purpose charters must meet essentially the same U.S. regulatory standards, including anti-money laundering requirements, as banks to secure access to the U.S. Federal Reserve's payment rails, the agency advised. Click here to read the full article.
Alex Nain Saab Moránis is a Colombian businessman who illicitly obtained money from multiple millionaire contracts with the Venezuelan government. Saab was involved in two government-funded programs: Gran Misión Vivienda Venezuela, which was designed to build houses for the poor in Venezuela and Comité Local...
In February 2022, the Financial Action Task Force (FATF) categorised the United Arab Emirates (UAE) as an increased monitoring jurisdiction as part of the Mutual In February 2022, the Financial Action Task Force (FATF) categorised the United Arab Emirates (UAE) as an increased monitoring jurisdiction1...
