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

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Angela Salter: The CAMS Evolution

Angela Salter: The CAMS Evolution

A new era in financial crime partnerships

A new era in financial crime prevention partnerships

Public-private partnerships in SAR optimization

Public-private partnerships in SAR optimization

Meme coin mania and mayhem: Navigating the blind spots

Meme coin mania and mayhem: Navigating the blind spots

Steps FIs can take to improve working with LE

Steps FIs can take to improve working with LE

The money laundering bus driver

The money laundering bus driver

AFC Challenges

AFC Challenges, June – August 2015

Black Market Peso Exchange: The Beginning

May 27, 2015 /Leave a comment
Black markets have operated as long as borders, civilizations and governments have existed. They develop in order to take advantage of political and/or economic disparities between two or more jurisdictions: countries, states and provinces, counties and districts, or cities. Black markets usually form—and flourish—as...
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AFC Challenges, March – May 2015

Business Model for a Terrorist Organization

March 5, 2015March 5, 2015 /2 Comments
It has been said many times that the lifeblood of a terrorist organization is finance. If we liken a terrorist organization to a corporation, business planning would be an essential ingredient for obtaining support and measuring success. In one sense, a terrorist organization is...
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AFC Challenges, March – May 2015

De-Risking: What is a community banker to do?

March 5, 2015June 13, 2017 /Leave a comment
As an employee of a community bank, I have noticed the effects of "de-risking" first hand. In the past few months my bank has received numerous walk-in customers and phone calls asking if we would bank their business type. At first I wanted to work...
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AFC Challenges, March – May 2015

A Structure to Call Home

March 4, 2015September 4, 2015 /Leave a comment
In anti-money laundering (AML), like many other worlds, there is a tendency to chase after the latest and greatest. Talks about cyber currencies, virtual banking, smart money and the cloud would make you believe that cash drawers may soon be sold at yard sales...
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AFC Challenges, March – May 2015

Original Sins

March 4, 2015March 4, 2015 /Leave a comment
An American firm retrieved the customer data from its China business unit who received it from a data warehouse in the U.K. and screened it against both a regulatory list published by the Chinese government and the Specially Designated Nationals (SDN) List from the...
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AFC Challenges, March – May 2015

Confronting the Ever-Evolving Threat of Terrorism

March 3, 2015March 4, 2015 /Leave a comment
On a daily basis, media reports remind us of the brutality and barbaric reality of terrorism. Time and again, we are reminded that there are no safe havens from the reach of jihadists who use terrorism as one of many tools to achieve their...
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AFC Challenges, December 2014 - February 2015

Two Crucial Components to Combating Human Trafficking

December 9, 2014April 24, 2015 /Leave a comment
As I watched the replay of the first forum on Combating Human Trafficking, originally held on April 9, 2013 at the White House, I was not only amazed at the stance and passion behind this topic, but also the resources that are being established and...
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AFC Challenges, December 2014 - February 2015

Diamonds: A Criminal’s Best Friend

December 9, 2014March 6, 2015 /Leave a comment
I love chatting with customs officials—they have the best stories. They have encountered almost every ingenious way that people try to smuggle contraband across a border. Still, an event last February at Toronto's Pearson International Airport must have raised a few eyebrows. On February...
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AFC Challenges, December 2014 - February 2015

The Black Market Peso Exchange Scheme: The Past, Present, and Likely Future

December 9, 2014March 6, 2015 /Leave a comment
The September 10, 2014 federal raid of nearly 70 locations in the Los Angeles Fashion District that led to the historic seizure of $100 million in cash, nine arrests and the unveiling of the U.S. Department of Justice's (DOJs) long-term investigations against several corporations,...
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AFC Challenges, December 2014 - February 2015

Scrapping the Leather for an eWallet

December 9, 2014March 6, 2015 /Leave a comment
Since the first time one person said to another, “I want what you have,” there has been the need for reliable currency. Initially, that currency consisted of a barter system where people traded the goods and/or services they had for things they needed. That eventually...
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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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