AFC Challenges Archives - Page 30 of 31

AFC Challenges, December 2011 – February 2012

The Next Tsunami: Elder Financial Exploitation

December 1, 2011September 15, 2020 /Leave a comment

Brooke Astor Trial Exposes Financial Abuse; Mickey Rooney, 90, Victim of Alleged Elder Abuse; Elder Abuse expected to grow in the coming years. We have all seen similar headlines, many of us read the headlines thinking this won't happen to my family, why should I...

AFC Challenges, December 2011 – February 2012

The Wild Frontier

December 1, 2011April 8, 2015 /Leave a comment

Money laundering along the U.S. Southwest border has always been a problem. However, new regulations in Mexico, an explosion of human trafficking and human smuggling crimes, and new channels through which "dirty" money is smuggled into the United States are changing the nature of cross-border...

AFC Challenges, December 2011 – February 2012

AML vs. the Hawthorne Effect: The Reason Why AML Will Always Play Catch-Up

December 1, 2011April 8, 2015 /Leave a comment

If someone asked me what I felt was the most aggravating sport in the world today to watch, my answer would have to be without a doubt greyhound racing. Why? Well look at the sport through the eyes of a hound. I mean, for...

AFC Challenges, December 2011 – February 2012

The Lottery and Money Laundering—A Match Made in Heaven

December 1, 2011April 8, 2015 /Leave a comment

"How do I love thee? Let me count the ways" is the extraordinarily famous opening line of a poem by Elizabeth Barrett Browning. Though Ms. Browning was undoubtedly not directly referring to the use of lotteries for illegal activities, the line can easily be referencing...

AFC Challenges, December 2011 – February 2012

Conduit Contributions—Where Money Laundering and Politics Mix

December 1, 2011April 8, 2015 /Leave a comment

A conduit contribution is a political donation made through someone else. The individual making the contribution acts as a straw donor in order to conceal the identity of the real donor and the true source of the funds. In most instances the true source of...

AFC Challenges, September 2011 – November 2011

In Software We Trust—or do we?

September 2, 2011April 9, 2015 /Leave a comment

A current upward trend in global regulatory initiatives is increasing the burden on banks and other institutions to ensure that their anti-money laundering (AML) and compliance programs are not only robust, but also tested. The message from regulators for non-compliance with OFAC, BSA and U.S....

AFC Challenges, September 2011 – November 2011

Where have all the sleeper cells gone?

September 2, 2011April 9, 2015 /Leave a comment

We as a society mark the passage of time and milestones in our lives in five-year increments—such as our 25th wedding anniversary or 50th birthday. This September, America will mark a different kind of anniversary, the 10th anniversary of 9/11. To many, the horrific events...

AFC Challenges, September 2011 – November 2011

The AML Monitoring Gap—Insider Complicity

September 2, 2011April 9, 2015 /Leave a comment

Is your bank or credit union ignoring one of its greatest money laundering risks—insider complicity? Such an oversight may not be surprising given the general lack of discourse about how insider activities can facilitate money laundering. Combine this reality with the inability of money laundering...

AFC Challenges, September 2011 – November 2011

$5.00 to Ruin the Life of Children and Women: Internet Ad Sites Used to Launder Money in Promoting Prostitution/Human Trafficking

September 2, 2011April 9, 2015 /Leave a comment

As incredible as this may sound, as many as 100,000 children in the U.S. are sold into the commercial sex trade yearly, and these numbers may be rising.1 Any reasonable person would ask how can the sale of tens of thousands of children happen in...

AFC Challenges, Fraud, September 2011 – November 2011

Fraud and Money Laundering: What’s the connection?

September 2, 2011April 26, 2024 /Leave a comment

Recent headlines have been filled with news stories about all types of fraud from Bernie Madoff's infamous multi-billion dollar Ponzi scheme to Internet phishing scams to mortgage fraud. The downturn in the economy has brought many of these cases out into the open, namely mortgage...

ACAMS Today

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

Why Continuous Learning Is Critical for AFC Professionals

FinCEN’s Beneficial Ownership Reporting for Community Banks

Celebrating Veteran Excellence in AFC: ACAMS Veteran’s Scholarship Reception

The Use of AI and Machine Learning in Financial Crime Compliance

Fraudulent Companies: Avoid the Trap

Scanned and Scammed: QR Code Fraud

AFC Challenges

The Next Tsunami: Elder Financial Exploitation

The Wild Frontier

AML vs. the Hawthorne Effect: The Reason Why AML Will Always Play Catch-Up

The Lottery and Money Laundering—A Match Made in Heaven

Conduit Contributions—Where Money Laundering and Politics Mix

In Software We Trust—or do we?

Where have all the sleeper cells gone?

The AML Monitoring Gap—Insider Complicity

$5.00 to Ruin the Life of Children and Women: Internet Ad Sites Used to Launder Money in Promoting Prostitution/Human Trafficking

Fraud and Money Laundering: What’s the connection?