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ACAMS Today sat down with Hennie Verbeek-Kusters as we celebrate women’s achievements and what it means to #InspireInclusion—this year’s theme for International Women’s Day. Verbeek-Kusters has been the head of the financial intelligence unit (FIU) in the Netherlands (FIU Netherlands) since 2008. Under her leadership,...
We dreamt of adding a puppy to our family after a lovely weekend of dog-sitting. As I scrolled through the internet, our excitement turned to dismay as we uncovered the concept of puppy laundering: The deceptive practice of marketing puppies from mills as rescued dogs....
Restaurants across the U.S. are now the targets of thieves who are not interested in stealing money per se but something just as valuable: Used cooking oil. Yes, old grease! Has anyone ever considered that the used cooking oil discarded by restaurants has substantial value?...
What is a federal grand jury subpoena? A federal grand jury subpoena for financial records is a document issued by the U.S. Attorney’s Office to compel action by a financial institution (FI). What is a federal grand jury subpoena? A federal grand jury subpoena1 for...
Germany is storming ahead in its efforts to improve its standing at the international level and install best-practice standards following the outcome of the Financial Action Task Force’s (FATF) Mutual Evaluation published in August 2023 and also in preparation for the arrival of the European...
Growing cannabis in the Netherlands is illegal, yet over 500 coffee shops can legally sell the drug throughout the country. This bizarre duality, also known as gedoogbeleid, or tolerance policy, criminalizes the growing and sourcing of cannabis while authorities turn a blind eye to its...
In the latest episode of the “Sanctions Space” podcast, Justine Walker is joined by Edmund Fitton-Brown, senior advisor at the Counter Extremism Project and former U.K. ambassador to Yemen. They discuss the ongoing tensions in the Red Sea, the political situation in Yemen and the...
The year 2023 began in the wake of the collapse of FTX. Almost miraculously, however, 12 months later, the criminal case has been resolved with a conviction against former CEO Sam Bankman-Fried, and countries around the globe are shaking off fear, uncertainty and doubt to...
In this episode of “Financial Crime Matters,” Kieran Beer talks with ACAMS colleagues Justine Walker, head of global sanctions and AML risk and Craig Timm, senior AML director. They discuss the newly released “ACAMS Global AFC Threats 2024.” Drawing on 788 in-depth interactions with anti-financial...
Correspondent banking has long been the backbone of the global financial system, facilitating cross-border payments, enabling international trade and promoting global financial stability. It involves a financial institution (FI), (the correspondent), providing a deposit account or other services to another bank, (the respondent).1 Anti-money laundering...
