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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As the world becomes increasingly interconnected and digital, so too has the threat of financial crime. Traditionally, siloed methods of combating financial crime, such as anti-money laundering (AML) and fraud detection, must adapt to the changing landscape and find ways to effectively mitigate the risks...
Section 314 of the USA PATRIOT Act, which was passed back in 2001, is a vital portion of the legislation. Anyone who had been in the anti-money laundering/Bank Secrecy Act (AML/BSA) space prior to 2001 understands how significant this change was to the industry. Section...
Trade finance is described as the provision of finance and services by financial institutions (FIs) for the movement of goods and services between two points, either within a country or across borders.1 There are multiple methods by which an FI can participate in the financing...
You may have read it in magazines or seen the news or videos of some altruistic country sending modern tractors to aid farmers in developing nations. It seems surprising when they return later to find all the tractors in disrepair, with some now even being...
The article titled “FinCEN’s AML and Terrorist Financing Priorities: An Introduction,”1 featured in the ACAMS Today 12th Law Enforcement Edition, shared general thoughts, basic definitions and practical examples on each of the national anti-money laundering (AML) priorities. This article, the fourth of the series, will...
In this episode of “Financial Crime Matters,” Kieran Beer talks with Oliver Bullough, award-winning reporter for The Guardian, about his latest book, Butler to the World: How Britain Became the Servant of Tycoons, Tax Dodgers, Kleptocrats and Criminals. During their conversation, Bullough details how Britain...
For the past 100 years, the mafia’s brutal and lawless presence has influenced everything from pop culture to history, extending beyond Italy’s borders to impact crime around the world. The word mafia is used as an informal term for four major groups: Calabria’s ‘Ndrangheta, Campania’s...
Editor’s note: This article is the second of a two-part series on human trafficking typologies and methodology. The first part of this series, “Human Trafficking: Persona-based Typologies and Methodology,”1 re-emphasized the scale of the human trafficking (HT) problem and the key investigation challenges to tackle,...
"As we look at Ukraine, as we look at these unprecedented sanctions, we really have to close the loopholes that are created by the Wagner Group’s presence in many countries around the world, in particular in Africa." The “Sanctions Space” podcast is back! Justine Walker...
More than 50 people have secretly flagged anti-money laundering deficiencies and sanctions evasion to U.S. officials in the month since Congress bolstered a fledgling, federal whistleblower program, two sources with direct knowledge of the matter told ACAMS moneylaundering.com. Click here to read the full article.
