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.
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.
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).
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.
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).
