Compliance

Compliance, June - August 2019

Counterfeit Jewelry—Spotting a Fake

July 18, 2019July 29, 2019 /Leave a comment

The criminal use of counterfeit jewelry spans to all levels of criminals and criminal organizations, generating billions of dollars in proceeds of crime annually. The estimated global value of counterfeit goods is several hundred billion to $1.2 trillion1 and it continues to grow. Jewelry,...

Compliance, Exclusive, June - August 2019

Is all crypto created equal?

June 26, 2019July 1, 2019 /Leave a comment

Cryptocurrency—a word that strikes fear in the heart of many antimoney laundering (AML) compliance professionals. After all, the root derives from the Greek word kryptos, meaning hidden,1 and the technology has been linked to both notorious criminal marketplaces like the Silk Road2 and numerous...

Compliance, June - August 2019

Siri, who is the bad guy?

June 26, 2019July 1, 2019 /Leave a comment

Law enforcement (LE) is certainly no stranger to information technology (IT). Computers and smartphones are now routinely issued to agents and officers as their guns and badges. In general, LE has learned to regularly use—and even exploit—IT for work and investigations. However, LE is...

ACAMS Today Europe, Compliance, May - June 2019

SARs Analysis on the Criminal Use of the Gaming (Casino) Sector

June 1, 2019June 4, 2019 /Leave a comment

Arecent report written by the Metropolitan Police Service (MPS) examined the link between criminality and gambling. The MPS report analysed 250 suspicious activity reports (SARs) submitted by the gaming (casino) sector and other reporting sectors. Casinos are referenced between the 1 of January 2017...

ACAMS Today Europe, Compliance, May - June 2019, Special for the Web

The Rise of Cloud in Compliance

May 21, 2019June 26, 2019 /Leave a comment

The last 18 years have seen financial institutions (FIs) create and deploy money laundering detection and prevention defences in response to regulatory demands. The means by which FIs achieve this task have stayed the same for decades. Institutions will go to the market, scan providers...

Compliance, Special for the Web

Fyre Island Fraud: What Is Missing From the Documentaries?

April 8, 2019April 8, 2019 /Leave a comment

Anti-money laundering (AML) compliance professionals are taught to read between the lines. The role involves gathering information directly from the source and doing independent research to offer firms a holistic view of clients who may be onboarded. The characteristics of an investigator must be inhabited...

Compliance, March - May 2019

Trickle Up AML

March 28, 2019April 12, 2019 /Leave a comment

The young uniformed patrol officer could not help but notice the almost giddy expression on the face of the narcotics agent who was putting a heavily taped bricklike block into an evidence bag at the station house. Curious, the officer inquires, “What’s that?” The...

Compliance, March - May 2019

Criminal Forfeiture: Hitting Criminals Where it Hurts Most

March 28, 2019 /Leave a comment

Following the promulgation of the USA PATRIOT Act in 2001, the confusion surrounding civil and criminal forfeiture definitions and conceptual incongruities was dispelled. In fact, the USA PATRIOT Act helped to forcefully determine the feasibility of both civil and criminal asset forfeiture processes to...

Compliance, March - May 2019

Brexiting sanctions unanimity?

March 28, 2019April 22, 2019 /Leave a comment

Once the U.K. exits the European Union (EU), it will no longer be expected to follow EU sanctions designations and regulations. After Brexit, will the U.K. hew closer to the lines in the sand drawn by the U.S., stay the course in line with the...

Compliance, Special for the Web

The Regulators Have Spoken: Technology Leads to Effective BSA/AML Compliance

February 13, 2019 /Leave a comment

A U.S. Department of the Treasury working group composed of top regulatory agencies has put out a call for Bank Secrecy Act/anti-money laundering (BSA/AML) compliance to become more effective, affordable and sustainable.1 The group includes the Financial Crimes Enforcement Network (FinCEN), the Federal Reserve...

ACAMS Today

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

AML and the European Commission with Alexandra Jour-Schroede

The Rising Menace of Elder Financial Abuse

Counterfeit Jewelry—Spotting a Fake

Viva la Regulación

Blockchain, Criptomonedas y Privacidad

Counterfeit Jewelry—Spotting a Fake

Is all crypto created equal?

Siri, who is the bad guy?

SARs Analysis on the Criminal Use of the Gaming (Casino) Sector

The Rise of Cloud in Compliance

Fyre Island Fraud: What Is Missing From the Documentaries?

Trickle Up AML

Criminal Forfeiture: Hitting Criminals Where it Hurts Most

Brexiting sanctions unanimity?

The Regulators Have Spoken: Technology Leads to Effective BSA/AML Compliance