Your AI Cheat Sheet: Key Concepts in Common Sense Terms
Artificial intelligence (AI) is back, in a big way, and this time around it works.
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.
Are you missing the smoking gun?
As techniques, typologies, schemes and conduits used for money laundering and terrorist financing become more complex, sophisticated and less transparent, the ability to prove an individual(s) is criminally culpable will continue to be a challenge faced by attorneys, law enforcement and criminal investigators throughout the...
Real Considerations for Law Enforcement in Seizing Virtual Currency
Myths continue to girdle virtual (crypto) currencies, including that they are anonymous and exclusively used by criminals to purchase items on the darknet or to launder money.
Organ Trafficking: The Unseen Form of Human Trafficking
Organ trafficking, a lucrative global illicit trade, is often a lesser discussed form of human trafficking among anti-human trafficking stakeholders due to its intricate and often stealth nature.
The Importance of Mentorship
Have you ever thought about your legacy?
Data Completeness and Integrity Leading Practices for AML and Sanctions Screening Model Validations
Demonstrating data completeness and integrity for mission-critical applications is a necessary step for financial services institutions working to address the AML model validation guidelines issued by the OCC and the Federal Reserve Board as OCC 2011-12 and SR 11-7, respectively (the Guidance).
Starting a Career in AML
I spoke to hundreds and thousands of anti-money laundering (AML) and compliance officers, who all had a story to tell about where they were in their career and how they had arrived to that point.
Lawyers, Drugs and Money: AML in Popular Media
Anti-money laundering (AML) professionals should ponder the many places where money laundering appears in television and movies.
How Artificial Intelligence Can Help Overcome Challenges in Correspondent Banking Relationships
The capacity to send and receive international payments through correspondent banking is critical to the global economy as financial institutions rely on these relationships to move their customers’ money.
An offer you can’t refuse?
Initial Coin Offerings (ICOs) and Initial Token Offerings (ITOs) are recent innovations for companies to raise capital outside of traditional securities markets and funding sources (e.g., venture capital and angel investors).