The article “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 second of the series, will discuss...
FinCEN’s AML and Terrorist Financing Priorities: An Introduction

In 2021, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued its first set of anti-money laundering (AML) and terrorist financing priorities. In 2021, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued its first set of anti-money laundering...

According to the site Malaphor, quandrum is a word combining ‘quandary’ (dilemma) and ‘conundrum’ (a puzzle).1 When finding a workable solution between customer due diligence (CDD) requirements, the General Data Protection Regulation (GDPR) and the Protection of Personal Information Act (POPIA), compliance becomes a puzzle...

Money laundering, terrorist financing, evading taxes, bribery, corruption, abuse of human rights and even modern-day slavery differ in their nature, but they have some things in common: They destroy people’s lives, undermine the common values in our societies and they are facilitated by a lack...