All Topics
Understanding and Identifying Sex Trafficking
This article is the second in a three-part series on human trafficking. As we learned in the article Understanding Human Trafficking, in the U.S., sex trafficking is defined as follows: Figure 1: Section 7102 (11) (A) of Title 22 U.S. Code “The recruitment, harboring, transportation,...
Understanding Human Trafficking
This article is the first part of a three-part series on human trafficking. Anti-financial crimes (AFC) professionals are uniquely positioned to identify human trafficking operations through their financial footprints. AFC professionals can support criminal cases to mitigate the burden placed on victims and they can...
How To Win a War Against Money Laundering and Financial Crimes In Pakistan
Hiding the origin of illicit money and converting the money into legitimate funds or assets have a long history. In fact, the United Nations Office on Drugs and Crimes (UNODC) estimates that the amount of money laundered globally in one year is between $800 billion...
Responsive Approach: Understanding Front Office Needs
In decades past, the banking industry has experienced pivotal changes in the way in which new businesses are acquired and operations conducted. The ever-increasing regulatory demands have created an inflow of risk and compliance specialists that drive the need to implement policies and procedures to...
Riddle Me This: Why is the Shipment Going?
As discussed in a previous article, “Riddle Me This: Export Controls?”1 governments seek to accomplish national security and foreign policy goals through their control of exports. Understanding the framework and operational implications of export regulations is much like solving a riddle. Merriam-Webster defines riddle as...
AML Controls for Crypto in Europe
There are specific rules in place to regulate and supervise credit institutions and payment service providers across Europe. Banks and other license holders are required to cooperate with their national supervisors, who coordinate their work through the network of national financial supervisors. The biggest European...
Paul Camacho, CAMS—CA, USA
After serving six years as the vice president of anti-money laundering (AML) compliance for Station Casinos, Paul Camacho became the vice president of compliance for Yaamava’ Resort and Casino in May 2020. Camacho previously served as the special agent in charge for the Las Vegas...
Alessia Bräutigam—Dublin, Ireland
Alessia Bräutigam has over 12 years of experience in anti-money laundering (AML), counter-terrorist financing (CTF) and anti-financial crime (AFC) areas, specifically in the fintech and regtech industries. Bräutigam began her AML career with the customer identification program, moving to politically exposed persons and Office of...
Derick Mostert, CAMS—Pretoria, South Africa
Derick Mostert is a Certified Anti-Money Laundering Specialist (CAMS). His current role is manager for systems and planning in the monitoring and analysis (M&A) division of the Financial Intelligence Centre (FIC) of South Africa. Mostert will be starting a three-year secondment contract with the Egmont...