AFC Challenges Archives - Page 24 of 36

AFC Challenges, Exclusive, March – May 2018

Challenges with the CDD Final Rule Compliance

March 20, 2018March 28, 2018 /Leave a comment

“Accept the challenges so that you can feel the exhilaration of victory.” — George S. Patton As the May 11, 2018 compliance date for the Customer Due Diligence (CDD) Final Rule draws near, financial institutions are finding challenges with complying with the Rule’s requirements....

AFC Challenges, March – May 2018

Human Trafficking in Native American Communities

January 19, 2018March 16, 2018 /Leave a comment

Since the Presidential Proclamation of 2010, we have annually observed January as National Slavery and Human Trafficking Prevention Month. We also recognize January 11 as National Human Trafficking Awareness Day. Despite all the media attention and many worthy organizations fighting this problem, there are still...

AFC Challenges, December 2017 - February 2018, Exclusive, Global Financial Crime Review

Project Protect: An In-Depth Review of the Public-Private Partnership to Combat Human Trafficking in Canada

December 12, 2017July 24, 2019 /Leave a comment

Editor’s note: This article was shared with the Vatican’s Pontifical Academy of Social Sciences (PASS) as a supplement to their Workshop on Assisting Victims of Human Trafficking that took place on November 4-6, 2017, in Vatican City. Ending human trafficking is often regarded as an...

AFC Challenges, December 2017 - February 2018

Leveraging Your Community to Survive Beneficial Ownership

December 12, 2017 /Leave a comment

We in the Bank Secrecy Act (BSA) world are accustomed to keeping our noses to the grindstone and getting the job done. From early morning to late in the evening, we read news articles, research suspicious activity and answer questions from staff and customers...

AFC Challenges, Europe, September – November 2017

Artfully Done

September 19, 2017September 25, 2017 /Leave a comment

Under the Wave off Kanagawa (Kanagawa oki nami ura), also known as The Great Wave, from the series Thirty-Six Views of Mount Fuji (Fugaku sanjūrokkei) is one of the most recognizable works of Japanese art in the world. This wood block print by the...

AFC Challenges, September – November 2017

Cybersecurity: Nation-State Actors, Encrypted Cybercrimes and Man-in-the-Middle Attacks

September 19, 2017September 27, 2018 /Leave a comment

AFC Challenges, Exclusive, September – November 2017

Emerging “Market” Trends

September 19, 2017October 26, 2017 /Leave a comment

By now, certain shelf items have been labeled with a stock keeping unit (SKU), been advertised in circulars and placed out on display for resale. With the science of inventory management applied to market commodities for a quick profit, the question is should the abuse...

AFC Challenges, June – August 2017

The Human Side of Cyber Risk

June 9, 2017June 9, 2017 /Leave a comment

Spend time with retired four-star General James Jones and you will likely hear his ominous bifurcation of “those companies that have been a target of a cyberattack, and those that will be.” As former U.S. National Security Advisor to the President and Commandant of the...

AFC Challenges, Europe, Fraud, June – August 2017

Combating Cyber Fraud in Correspondent Banking

June 9, 2017April 26, 2024 /Leave a comment

Cybercrime is a major concern for banks around the world. Until recently, the focus of attacks has tended to be on banks’ customers through card and account detail compromises. But as criminals have become more sophisticated, they have raised their ambitions, and in a change...

AFC Challenges, Exclusive, June – August 2017

Ending Modern Slavery: The Financial Industry’s Role

June 9, 2017June 9, 2017 /Leave a comment

Human trafficking—a form of modern slavery—is one of the fastest growing criminal activities in the world. It exploits an estimated 45 million people a year1 and generates approximately $150 billion in profits.2 Though the concept of human slavery is certainly not new, some are unaware...

ACAMS Today

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

AMLA’s work program and its enhanced oversight of CASPs

AML enforcement: A shift in Brazil’s luxury

The influence of emerging technologies on cybersecurity audits

AI, human accountability and company ownership

Beyond the exchange: Laundering crypto through luxury goods

Leveraging national security priorities for an enhanced counter-fraud response

AFC Challenges