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.
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In my previous shop, I had the pleasure of working in an organization where fraud and Bank Secrecy Act (BSA) were separate teams but reported up through a chief anti-money laundering (AML) officer. I was assigned to the fraud side of the house, where my...
In the latest episode of “Sanctions Space,” Justine Walker is joined by Toms Platacis, head of the Latvia Financial Intelligence Unit (FIU) and Paulis Iljenkovs, deputy head the Latvia FIU. They discuss the sanctions enforcement landscape in Latvia, including the recent development of the FIU...
Banking as a service (BaaS) is “the provision of banking products and services through third-party distributors.” Partnering with a financial technology (fintech) organization allows financial institutions (FIs) to reach a larger market share and offer niche products to their customer base. In a recent trend...
In this episode of “Financial Crime Matters,” Kieran Beer talks with Hennie Verbeek-Kusters, head of the Netherlands financial intelligence unit (FIU), about her leadership over the FIU since its founding in 2008. During their discussion, Verbeek-Kusters details how the Dutch FIU has evolved to face...
ACAMS Today sat down for an interview with Evelyn Chumbow, a child labor trafficking survivor dedicated to anti-trafficking activism and a public speaker who has focused her life’s work on ending modern-day slavery, a crime impacting some 40 million victims globally. Chumbow is currently the...
While economic sanctions are a frequent component of U.S. foreign policy today and have been used frequently for much of the past century, their use as a tool to protect American interests goes back to the republic’s early days. The Office of Foreign Assets Control...
In the latest episode of the “Sanctions Space” podcast, Justine Walker is joined by John Smith, co-head of Morrison Foerster’s National Security practice as well as former director of the Office of Foreign Assets Control (OFAC) and Chloe Cina, partner at Morrison Foerster. They discuss...
The National Museum of Organized Crime and Law Enforcement (the Mob Museum) stands out as particularly relevant to anti-money laundering professions. Located in Las Vegas, Nevada, and housed in an immaculately restored former post office and courthouse, the Mob Museum is a nonprofit organization with...
For as long as there has been money, there has been someone trying to launder it. While the term itself is relatively recent—inspired by the cash-only laundromats Prohibition Era gangsters used to conceal their illegal earnings, and more formally defined via the Bank Secrecy Act...
In this episode of “Financial Crime Matters,” Kieran Beer talks with Jennifer Shasky Calvery, group head of Financial Crime Risk at HSBC, a former director of the Financial Crime Enforcement Network and former federal prosecutor. Drawing on her public and private sector experience, Shasky Calvery...
