Compliance

Compliance, September – November 2019

From Partnership to Progress in the Fight to End Human Trafficking

September 5, 2019September 10, 2019 /Leave a comment

In today’s society, everything happens quickly. What is current one minute has the potential to become obsolete the next. Nowhere is this sentiment truer than it is for criminals and their ever-evolving tactics to stay one-step ahead of law enforcement (LE). In the human...

Compliance, September – November 2019, Special for the Web

Digital Identity and Financial Crimes

September 4, 2019September 20, 2019 /Leave a comment

"Digital identity" has replaced blockchain to become 2019’s new tech-based solution to revolutionize compliance functions from anti-money laundering (AML) to audit. However, given the recent involvement of Estonia’s digital identity network in the Danske Bank money laundering scandal, the question of how to ensure adequate...

Compliance, September – November 2019

Birth of OFAC and the Rise of Global Sanctions

September 1, 2019September 10, 2019 /Leave a comment

In 1939, Americans were treated to a cinematic masterpiece with the premiere of The Wizard of Oz. The beloved film provided much needed escapism from the chilling geopolitical events of the time. That year, Hitler invaded Poland—marking the start of World War II. For...

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, 2019October 30, 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...

ACAMS Today

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

A Survivor’s Story: Timea Nagy

ACAMS Today: New Developments

Birth of OFAC and the Rise of Global Sanctions

The Underappreciated Instrument of Counterterrorism Sanctions

Help Wanted: Sanctions Compliance Experts in Asia

From Partnership to Progress in the Fight to End Human Trafficking

Digital Identity and Financial Crimes

Birth of OFAC and the Rise of Global Sanctions

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