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.
Cybersecurity has traditionally been considered outside of the standard anti-money laundering (AML) program and many AML departments lack expertise in this area.
Whether one is at home or work, on a laptop or desktop, using a smartphone or any connected device (connected to the Internet) that utilizes computing power, cuckoo miners may come to visit or may already be in residence.
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...
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, 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).
