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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Deoxyribonucleic acid (DNA) made radical changes to law enforcement (LE) investigative strategies, originally facing the resistance to change ideas so commonly ingrained in our bureaucracies. However, that resistance was successfully countered by the similar susceptibility to popular culture, also steeped in our politics. Television shows...
Cryptocurrency has transitioned from a niche concept to a mainstream one. (You know a topic has hit big time when it is popular on TikTok!) There are more than 19,000 cryptocurrencies in the world1—and the number continues to grow. Bitcoin, Ethereum and Dogecoin are the...
In 2021, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued its first set of anti-money laundering (AML) and terrorist financing priorities. In 2021, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued its first set of anti-money laundering...
The Dutch central bank has fined Binance, the world's largest cryptocurrency exchange, €3.3 million for handling cryptocurrency-denominated transactions, maintaining digital wallets and offering other financial services in the country without authorization. Click here to read the full article.
Global efforts to tackle money laundering have just been given a mixed assessment. In April 2022, a report from the Financial Action Task Force (FATF) pointed out that although progress has been made in terms of countries’ compliance with anti-money laundering (AML) rules, many still...
EU nations want an impending bloc-wide anti-money laundering regulator to directly supervise all manner of financial institutions, including virtual asset service providers, or VASPs, and monitor at least one bank or other AML-regulated company in each country. Click here to read the full article.
A final report on money laundering in British Columbia published Wednesday, June 16, 2022, spreads the blame for gaps that allowed criminals to move billions of illicit dollars into the province over the past decade. Click here to read the full article.
ACAMS was honoured to be joined at our Europe conference by two advisors of the Office of the President of Ukraine—Professor Alexander Rodnyansky and Markiyan Kliuchkovskyi. In the margins of the event, Rodnyansky and Kliuchkovskyi sat down with Justine Walker for this "Sanctions Space" podcast...
ACAMS Today chatted with Diego Rosero, one of the authors of the recently published “Best Practices for US Money Services Businesses,” a guide of industry best practices for Money Services Businesses (MSBs) that was seven years in the making, and it is now available for...
Perpetrators of organized retail crime, or ORCs, use a variety of methods to move and launder their profits, from simple structuring of deposits to complex trade-based and third-party money-laundering schemes, federal investigators and anti-financial crime professionals have found. Click here to read the full article.
