AFC Challenges Archives - Page 4 of 38

AFC Challenges, Compliance, Fraud, In Focus

When secrets become currency: A deep dive into insider trading

July 11, 2025 /Leave a comment

Raj Rajaratnam, the founder of the Galleon Group, once one of Wall Street’s powerful hedge funds, had mastered the art of secrets. He relied on a network of insiders, notably executives at major companies like IBM, Intel and Goldman Sachs, to feed him confidential information....

AFC Challenges, Compliance

Institutional vigilance and anti-bribery and corruption programs

July 11, 2025 /Leave a comment

There is no shortcut to institutional integrity. In the wake of global scandals, shifting enforcement trends and heightened stakeholder expectations, anti-bribery and corruption programs have evolved from back-office checklists into core governance structures. For financial institutions (FIs) navigating complex global operations, compliance today is not...

AFC Challenges, Compliance, Tech Scope, Understanding AI

Transaction monitoring’s AI era

July 7, 2025 /Leave a comment

The evolution of computer programming has been remarkable. Over the past 70 years, we have progressed from using punch cards—accessible to only a select few—to artificial intelligence (AI)-powered coding agents capable of deploying entire applications from natural language instructions. Figure 1: Evolution of computer programming...

AFC Challenges, Compliance, Fraud, Money Trails Brazil, World Digest

A growing concern in Brazil’s digital gambling market

July 3, 2025July 11, 2025 /Leave a comment

What began as a popular form of online entertainment has now become the subject of in-depth investigations led by tax authorities and financial regulatory agencies. The explosive growth of sports betting platforms—driven by a still-developing regulatory framework and the widespread use of mobile devices—has begun...

AFC Challenges, AFC Policy, Compliance, Exclusive, Fraud

ACAMS virtual seminar explores LE’s fight against financial crime

July 1, 2025July 3, 2025 /Leave a comment

On June 23-24, 2025, ACAMS held its virtual Law Enforcement (LE) anti-financial crime (AFC) Seminar, featuring approximately 30 experts from various U.S. LE agencies including the Federal Bureau of Investigation (FBI), Homeland Security Investigations (HSI), the Internal Revenue Service-Criminal Investigations (IRS-CI), the United States Postal...

AFC Challenges, Interviews

Angela Salter: The CAMS Evolution

June 20, 2025July 14, 2025 /Leave a comment

ACAMS Today recently sat down with Angela Salter, the chief product officer at ACAMS, to discuss the launch of the updated Certified Anti-Money Laundering Specialist (CAMS) program. Salter joined ACAMS in January 2015 with extensive experience in leadership, strategic business and international market development roles...

AFC Challenges, Exclusive

How the financial sector can better serve refugees and the displaced

June 20, 2025June 20, 2025 /Leave a comment

In early 2023, when eight 8-year-old Daniel was interviewed about his forced migration from his home in Caracas, Venezuela, to Lima, Peru, he shared the memory of bringing along his favorite toy—a stuffed dinosaur. Unfortunately, he lost his toy mid-journey. Now he believes his dinosaur...

A new era in financial crime partnerships

AFC Challenges, Compliance, June – August 2025, Practical Solutions

A new era in financial crime prevention partnerships

June 11, 2025June 26, 2025 /Leave a comment

Financial crime transcends national borders, industries and financial institutions, which is why collaborative partnerships are essential to detect, deter and disrupt serious and organized crime. In the world of anti-money laundering (AML) regulation and financial intelligence, the Australian Transaction Reports and Analysis Centre (AUSTRAC), has...

AFC Challenges, AFC Policy, June – August 2025

The Bank Secrecy Act: The pros and cons

June 11, 2025September 22, 2025 /Leave a comment

There is a unique pessimism surrounding the Bank Secrecy Act (BSA) among its foot soldiers. With the publishing of the recent “interim staff report” from the U.S. House Committee on the Judiciary, there seem to be more dark clouds rolling in over the industry. The...

AFC Challenges, Fraud, June – August 2025, Practical Solutions

The intersection of KYC and fraud prevention

June 11, 2025 /Leave a comment

For many years, know your customer (KYC) and related due diligence measures and fraud prevention processes have been treated as separate functions. While KYC has largely focused on compliance with certain anti-money laundering (AML)-related regulatory requirements, fraud prevention has focused on stopping bad actors in...

ACAMS Today

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

The effects of recent enforcement actions and FinCEN’s real estate regulations

Virtual IBANs under scrutiny: Closing Europe’s digital banking loophole

Advice from a veteran and AFC professional

IA para gestionar el riesgo emergente en instituciones financieras

PEPs and nonprofits: A two-way anti-corruption system

Samuel Cousins: The importance of the Global Threats Report Survey

AFC Challenges