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.
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.
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).
The first known use of sanctions dates to 432 BC when General Pericles of Greece imposed sanctions on its neighbor, Megara, in response to the abduction of three women.
Kay Guinane, program manager at Charity and Security Network, discusses the de-risking challenges nonprofit organizations (NPOs) are facing and how best to maintain a banking relationship in this risk environment.
After lingering in regulatory limbo for the last four years, the Financial Crimes Enforcement Network (FinCEN) published the new customer due diligence (CDD) beneficial ownership final ruling in 2016, creating the “fifth pillar” of the Bank Secrecy Act (BSA).
In lieu of Minneapolis hosting Super Bowl LII in the month of February and considering the influx of human trafficking brought by a large sporting event, on January 11, the ACAMS Greater Twin Cities Chapter (GTCC) hosted a learning event to spread human trafficking awareness.
January is National Slavery and Human Trafficking Awareness Month. ACAMS employees and members across the world kicked off the month by spreading awareness about human trafficking through chapter events, open discussions, social media and more.
At the end of 2017, we presented our year-end compliance review and 2018 outlook webinar. During the presentation, Kieran Beer, director of editorial content and ACAMS moneylaundering.com editor-in-chief, asked the panelists to forecast what 2018 might have in store for us. I wanted to share...
To read the top articles of 2017 and to prepare New Year’s resolutions for 2018. This year has brought to the forefront cybersecurity, terrorist financing, fraud, de-risking and financial inclusion, Fintech, the beneficial ownership requirement, mutual evaluations and lessons learned, the drug epidemic in the...
