June - August 2019 Archives

AFC Challenges, June - August 2019

The Rising Menace of Elder Financial Abuse

July 18, 2019September 10, 2019 /1 Comment

I think many people can relate when I say how much I love and miss my grandmother. My grandfather passed when I was a toddler but our family spent a lot of time with my grandmother. I was fortunate to have had five generations alive...

Compliance, June - August 2019

Counterfeit Jewelry—Spotting a Fake

July 18, 2019July 29, 2019 /Leave a comment

The criminal use of counterfeit jewelry spans to all levels of criminals and criminal organizations, generating billions of dollars in proceeds of crime annually. The estimated global value of counterfeit goods is several hundred billion to $1.2 trillion1 and it continues to grow. Jewelry,...

Community Banking Corner, In Focus, June - August 2019

A Win-Win Partnership: Community Banks and Law Enforcement

June 28, 2019May 7, 2024 /Leave a comment

Does your anti-money laundering (AML) department have a collaborative relationship with law enforcement (LE)? If so, you know exactly the benefits of this relationship. If not, this should be a goal! Partnerships are a “win-win” when it comes to community banks, or banks of...

Community Banking Corner, June - August 2019

Feeling the buzz? Community Banks and Cannabis

June 28, 2019May 7, 2024 /1 Comment

As the Bank Secrecy Act (BSA) officer for a mid-sized bank in a state with legalized medicinal cannabis, I was open to the concept of banking cannabis. The bank has a strong BSA program with well-seasoned investigators who might be eager to tackle the challenge...

Aspects of APAC, Interviews, June - August 2019, 日本語

Hiroshi Ozaki, CAMS: Enhancing Japan’s AML/CTF Regime

June 28, 2019May 13, 2024 /Leave a comment

この記事の日本語訳はこちら。 Hiroshi Ozaki joined the Financial Services Agency in Japan (JFSA) on February 1, 2018, as a director of the anti-money laundering/counter-terrorist financing (AML/CTF) policy office. This office was newly established in the JFSA on the same day to enhance control over the risk of...

June - August 2019, Tech Scope

AI in AML: State of Innovation Report

June 27, 2019February 15, 2022 /Leave a comment

The last three major financial crime cases investigator Glenn Dinetz worked on this year should never have happened because the technology that could have prevented each from escalating already exists. “One of these was a mortgage wire fraud case that involved several financial institutions...

June - August 2019, Practical Solutions

Legal Restitution as a Financial Intelligence Methodology

June 27, 2019November 18, 2022 /Leave a comment

Victims of a crime, as individuals or as corporate entities, are legally entitled to restitution. The Mandatory Restitution Act of 19961 established procedures for determining the amount of restitution to which a victim may be entitled. Banks are often a victim of a variety of...

June - August 2019, Member Spotlight

Lydra Arkaxhiu, CAMS—Milan, Italy

June 27, 2019July 8, 2019 /Leave a comment

Lydra Arkaxhiu is a senior compliance manager in the head office of Assicurazioni Generali Group. Arkaxhiu is a qualified lawyer with a Bachelor of Laws degree in both Italy and Albania. She has strong compliance and anti-money laundering (AML) expertise in main global financial institutions....

June - August 2019, Member Spotlight

Eduardo Rangel—Manama, Bahrain

June 27, 2019July 22, 2019 /Leave a comment

Eduardo Rangel is the chief compliance officer at National Bank of Bahrain. With ample experience in banking and compliance spanning for over 30 years, Rangel has advised banks, financial institutions, broker-dealers, ultra-high-net-worth family offices, funds, money services businesses, third-party payment processors, disruptors, global corporates and...

June - August 2019, Member Spotlight

Fareda D. Sands, CAMS—Nassau, The Bahamas

June 27, 2019July 1, 2019 /Leave a comment

Fareda D. Sands is an experienced compliance, risk and anti-money laundering (AML) specialist with over two decades in the field. Sands has been an Association of Certified Anti-Money Laundering Specialists (ACAMS) member for more than 12 years. She is the president of Initium Novum Enterprise...

ACAMS Today

The Magazine for Career-Minded Professionals in the Anti-Financial Crime Field

Scanned and Scammed: QR Code Fraud

A New Approach to Casino Inherent Risk

Maximizing AFC Success on a Tight Budget

Neil Sternthal: Innovation, Collaboration and the Future of AFC

The Fraud Boom: Examining the Surge

Barbara Brick: Observe, Learn and Engage

June – August 2019

The Rising Menace of Elder Financial Abuse

Counterfeit Jewelry—Spotting a Fake

A Win-Win Partnership: Community Banks and Law Enforcement

Feeling the buzz? Community Banks and Cannabis

Hiroshi Ozaki, CAMS: Enhancing Japan’s AML/CTF Regime

AI in AML: State of Innovation Report

Legal Restitution as a Financial Intelligence Methodology

Lydra Arkaxhiu, CAMS—Milan, Italy

Eduardo Rangel—Manama, Bahrain

Fareda D. Sands, CAMS—Nassau, The Bahamas