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.
Closing 2014, it remains important that we stay current with the many and varied ways illicit funds move through the global financial system. ACAMS depends on our members for the necessary insight that we can include in our publications, training and other educational offerings. So...
During the past month I have had several opportunities to discuss with financial institution association members about their anti-money laundering (AML) compliance struggles. On the one hand they are told to improve their programs, risk assessments, SAR processes all to handle and manage risky customers...
Having just returned from the 5th CAMS-Audit program and the 2nd CAMS-FCI, I am continually impressed at the high levels of professionalism and commitment from our membership. We are honored to have the CAMS certification represented by AML professionals that are leaders in their institutions...
Twenty years ago, the U.S. Treasury created (by legislative direction pushed by the private sector) the Bank Secrecy Act Advisory Group (BSAAG). This public-private forum was designed to improve the money laundering laws and regulations in place at the time and to share information on...
As AML professionals in the private or public sectors, we all share the view that the process for detecting, preventing and reporting financial crime is broken. Not because of a lack of commitment from all sides, but due to confusing priorities, conflicting laws and regulations...
We are finishing here in Las Vegas at what has been the largest AML conference in history! While we can take some credit here at ACAMS for listening carefully to our members on topics, speakers and themes, the overarching reason for this unprecedented attendance is...
As I write on 9/11, it is important to note why we are in the AML field. The pursuit of terrorists, drug traffickers and other criminals is an honorable profession whether you are in the private or public sector. The horrific acts on that fateful...
When we discuss programming at our webinars, conferences and seminars, we constantly come back to the regulatory refrain that AML professionals need to stay several steps ahead of the criminals. This goal is achievable from extensive interaction at the programs and enhancing your career education...
We have heard many concerns about personal liability for AML and other compliance officers as a result of several cases pending or completed and reported by our ACAMS moneylaundering.com. With all of the challenges and struggles for AML professionals to ensure “tone at the top”...
As anti-money laundering (AML) professionals, we have many varied roles and responsibilities. Besides overseeing compliance responses to a continuing series of laws, regulations and guidance, you must watch for changes in obligations based on enforcement actions and regulatory expectations gleaned from speeches and other public...
