AFC Challenges Archives - Page 26 of 29

different passport images from various countries shown as an example

AFC Challenges, Features, March 2013 – May 2013

Investing in Citizenship

February 27, 2013January 3, 2018 /Leave a comment

Citizenship by Investment Programs (CIP), also known as Immigrant Investor Programs, grant citizenship to high net worth individuals who meet eligibility requirements and make significant capital investments toward stimulating a nation's economic development. Under eligibility requirements, applicants must pass criminal and security checks, and establish...

AFC Challenges, March 2013 – May 2013

Social media data: The next frontier for identity verification?

February 27, 2013January 3, 2018 /Leave a comment

In the United States, 2.3 billion people1 are using social media. From the beginnings in 1999, when Six Degrees.com2 reached 3.5 million users, the number of recognized social media sites has exploded to over 200 with 69 percent of all U.S. Internet users participating on...

AFC Challenges, December 2012 – February 2013

Chapter 7 Bankruptcy—The Silence of the Frauds

December 4, 2012March 5, 2015 /Leave a comment

Bankruptcy. The word brings a heavy sigh and a roll of the eyes to those directly responsible for managing a consumer loan or credit card portfolio at a financial institution. Consumer loans are generally considered to be any loan that is not secured by a...

AFC Challenges, December 2012 – February 2013

Virtual Worlds: The New Frontier

December 4, 2012March 5, 2015 /Leave a comment

Incorporating video games into a laundryman's "wash, dry, and fold"; process might seem like a joke to some, but anyone who has spent time inside some of the more popular virtual worlds like Second Life should understand why this is not something people should brush...

AFC Challenges, December 2012 – February 2013

Drowning in PEPs

December 4, 2012March 5, 2015 /Leave a comment

All around the cobbler's bench The monkey chased the weasel The monkey thought 'twas all in fun Pop! Goes the weasel If only it were as simple as the children's rhyme, compliance officers would have it made. Unfortunately, the number of people classified as Politically...

AFC Challenges, September – November 2012

Mobile Money: Balancing Financial Integrity with Business Expediency

September 16, 2012March 6, 2015 /Leave a comment

Mobile money transfer (MMT) services have in recent years arguably been the single most effective contributor to global financial inclusion initiatives, and particularly in developing countries, have facilitated access to cheap and reliable financial services to an ever increasing unbanked population segment. Recent innovations in...

AFC Challenges, September – November 2012

All the World is Real Estate

September 13, 2012March 6, 2015 /Leave a comment

In recent years, the use of the real estate sector for money laundering has increased significantly. Real estate money laundering supports criminal activities, and produces negative impacts on countries’ real estate markets and overall economies. Only a small number of countries presently require the real...

AFC Challenges, September – November 2012

The Challenges of First Generation Rules

September 13, 2012March 6, 2015 /Leave a comment

Rules or detection scenarios are at the heart of an anti-money laundering (AML) software solution. It is through rules and profiling that a compliance group is alerted to suspicious activity. Yet many systems rely on rules that were developed over 10 years ago. These first...

AFC Challenges, September – November 2012

The Heat is On: New and Revised Pressures for AML Compliance

September 13, 2012March 6, 2015 /Leave a comment

Do all of the requirements across global and local authorities make your head spin? They certainly have accumulated over the past 10 years. This year alone, the activity level has been high among global policy-making bodies working through new guidance and pending rules. With the...

AFC Challenges, June 2012 – August 2012

When will the lessons be learned? Avoiding the Knock on the Door

May 29, 2012March 6, 2015 /Leave a comment

During a 30-year police career in London, a couple of things were apparent. Stupid, low-level criminals never learn and keep getting caught. On the other hand, sophisticated, organized criminals make a point of keeping up with legislation, policing methods and trends, and adapt their behaviour...

ACAMS Today

The Magazine for Career-minded Professionals in the Anti-Money Laundering Field

Crimen Financiero: Destrucción de la Amazonia de Brasil

CSAM: The Role of Social Media and Jurisdictions

Assembly Chatter with ACAMS Today: Amanda Cox

Assembly Chatter with ACAMS Today: Dr. Tanya McCartney

Matthew S. Axelrod on the Critical Importance of Export Controls

AFC Developments Addressed at the Assembly Hollywood

AFC Challenges

Investing in Citizenship

Social media data: The next frontier for identity verification?

Chapter 7 Bankruptcy—The Silence of the Frauds

Virtual Worlds: The New Frontier

Drowning in PEPs

Mobile Money: Balancing Financial Integrity with Business Expediency

All the World is Real Estate

The Challenges of First Generation Rules

The Heat is On: New and Revised Pressures for AML Compliance

When will the lessons be learned? Avoiding the Knock on the Door