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The effects of recent enforcement actions and FinCEN’s real estate regulations

The effects of recent enforcement actions and FinCEN’s real estate regulations

Virtual IBANs under scrutiny: Closing Europe’s digital banking loophole

Virtual IBANs under scrutiny: Closing Europe’s digital banking loophole

Advice from a veteran and AFC professional

Advice from a veteran and AFC professional

IA para gestionar el riesgo emergente en instituciones financieras

IA para gestionar el riesgo emergente en instituciones financieras

Brazil Leader Giving Speech on Stage Original Vector Illustration

PEPs and nonprofits: A two-way anti-corruption system

Samuel Cousins

Samuel Cousins: The importance of the Global Threats Report Survey

All Editions

Practical Solutions, September 2011 – November 2011

Combating Organized Crime the Old Fashioned Way: An Al Capone Study

September 2, 2011April 9, 2015 /Leave a comment
Most major cities around the world have assigned groups of law enforcement officers to identify, target and dismantle Organized Crime Syndicates. Usually, the overall thrust of the police's efforts is to take down an OCS through the arrest and conviction of its leaders. Often it...
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Practical Solutions, September 2011 – November 2011

Top 10 Cyber Awareness Tips for the AML Professional

September 2, 2011April 9, 2015 /Leave a comment
In the 10 years since the Association of Anti-Money Laundering Specialists' (ACAMS) birth, digital technology has grown exponentially. This technology has given the AML professional access to a wide array of research, analysis and reporting capabilities that are critical to operations and compliance with AML...
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Practical Solutions, September 2011 – November 2011

Customer Due Diligence: Regulatory cost or the cornerstone of good business?

September 2, 2011April 9, 2015 /Leave a comment
Customer due diligence (CDD) is the cornerstone for all BSA/AML programs, a core principle of the 3rd EU Money Laundering Directive, and a common requirement under all AML regimes irrespective of geography. In the last year, the regulatory focus on CDD has increased considerably. As...
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Compliance, September 2011 – November 2011

9/11… Then and Now, 10 Years Later

September 2, 2011April 9, 2015 /Leave a comment
There are few events in a lifetime that evoke deep seated emotion and vivid recollection. The terrorist attacks against the United States by Al Qaeda on September 11, 2001, are clearly one of those historic moments that remain frozen in our minds. I poignantly remember...
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Compliance, September 2011 – November 2011

Share the Wealth of Knowledge

September 2, 2011April 9, 2015 /Leave a comment
Ask any of my siblings about my job and the response will be "she works in a bank." My banking career has spanned almost three decades and has taken me from branch banking to consumer lending operations, from executive client relations to general compliance and...
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AFC Challenges, September 2011 – November 2011

In Software We Trust—or do we?

September 2, 2011April 9, 2015 /Leave a comment
A current upward trend in global regulatory initiatives is increasing the burden on banks and other institutions to ensure that their anti-money laundering (AML) and compliance programs are not only robust, but also tested. The message from regulators for non-compliance with OFAC, BSA and U.S....
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AFC Challenges, September 2011 – November 2011

Where have all the sleeper cells gone?

September 2, 2011April 9, 2015 /Leave a comment
We as a society mark the passage of time and milestones in our lives in five-year increments—such as our 25th wedding anniversary or 50th birthday. This September, America will mark a different kind of anniversary, the 10th anniversary of 9/11. To many, the horrific events...
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AFC Challenges, September 2011 – November 2011

The AML Monitoring Gap—Insider Complicity

September 2, 2011April 9, 2015 /Leave a comment
Is your bank or credit union ignoring one of its greatest money laundering risks—insider complicity? Such an oversight may not be surprising given the general lack of discourse about how insider activities can facilitate money laundering. Combine this reality with the inability of money laundering...
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AFC Challenges, September 2011 – November 2011

$5.00 to Ruin the Life of Children and Women: Internet Ad Sites Used to Launder Money in Promoting Prostitution/Human Trafficking

September 2, 2011April 9, 2015 /Leave a comment
As incredible as this may sound, as many as 100,000 children in the U.S. are sold into the commercial sex trade yearly, and these numbers may be rising.1 Any reasonable person would ask how can the sale of tens of thousands of children happen in...
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AFC Challenges, Fraud, September 2011 – November 2011

Fraud and Money Laundering: What’s the connection?

September 2, 2011April 26, 2024 /Leave a comment
Recent headlines have been filled with news stories about all types of fraud from Bernie Madoff's infamous multi-billion dollar Ponzi scheme to Internet phishing scams to mortgage fraud. The downturn in the economy has brought many of these cases out into the open, namely mortgage...
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ACAMS is the largest membership organization dedicated to enhancing the knowledge and skills of financial crime detection and prevention professionals worldwide. Its CAMS certification is the most widely recognized anti-money laundering certification among compliance professionals. Visit the ACAMS website at www.acams.org.

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