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Happy New Year from ACAMS Today! ACAMS Today asked a few anti-money laundering (AML) experts the following question: From one AML professional to another, how do you establish a strong foundation to accomplish your 2019 goals? Here is what they had to say: Ed Beemer...
As 2018 ends, the world of financial crime prevention is even more complicated and exciting than previous years. We saw numerous events unfold that have led to more regulations and the need for additional training for anti-financial crime professionals. As stated by Kieran Beer, ACAMS...
Ninety-eight percent. Ninety-eight percent is basically 100 percent. That is definitely true in college. Parents never complain about 98 percent and there is no difference between the two in terms of GPA—they both earn the elusive 4.0. However, if flipped on its head—if 98 percent...
There is one constant in terrorism—the requirement for financing. There must be a steady stream of funds from the point of origin to the point of distribution. Whether the funding is required to sustain the operations of an organization or the activities of individual operatives...
Here is an article that is useful for readers both professionally and personally and is fitting for Cybersecurity Awareness Month. The best way to prevent cybercrime is by improving knowledge and awareness, and that can done right now. Cybersecurity Awareness will help at home, where...
Cybersecurity has traditionally been considered outside of the standard anti-money laundering (AML) program and many AML departments lack expertise in this area. Parallel that consideration with the publication of the Financial Crime Enforcement Network’s (FinCEN) October 2016 cybersecurity guidance. Organizations are now faced with a...
A computer in every home” was how, in the early 1980s, Bill Gates described his vision for the future of personal computing. By 2020, it is estimated that the number of connected devices (as many as six per person) will be 50 billion globally. Gates’...
Correspondent banking fosters economic prosperity throughout the world by enabling business and remittance flows between countries.” However, the complexity and cost of operating as a correspondent bank continues to skyrocket. Compliance now accounts for as much as 15 to 20 percent of total costs for...
From plundering during the Crusades to Napoleon’s loot of Egypt, antiquities have long been symbols of worldliness and status. In today’s world, antiquities have become go-to investments for art consumers and market speculators. Consumers were so confident in the art market that art acquisitions grew...
Artificial intelligence (AI) is back, in a big way, and this time around it works. AI is being deployed across industries and in many problem areas. Some applications, like autonomous vehicles, appear on the front page of popular media; others are buried deep in the...