Compliance Archives - Page 7 of 25

Compliance, June – August 2024

Combating AI-Backed Financial Crime With AI

June 14, 2024 /Leave a comment

When it comes to artificial intelligence (AI), it is important to understand what it encompasses. It starts fairly simple―with robotics, then machine learning (which is nothing other than training a computer to follow a certain sequence or recognize patterns based on algorithms). The next stage...

Compliance, Exclusive

AFC Developments Addressed at the Assembly Hollywood

April 17, 2024 /Leave a comment

An impressive variety of topics of interest to the anti-financial crime (AFC) community—ranging from Russian sanctions and the Financial Crimes Enforcement Network (FinCEN) whistleblower program to export controls violations, fraud and the potential threat artificial intelligence (AI) poses to the fight against financial crime—were discussed...

Compliance, March – May 2024

Balancing the Scale of Global Good and Business Outcomes

March 1, 2024March 1, 2024 /Leave a comment

As the anti-financial crime (AFC) space continues to witness the unfolding environmental, social and governance (ESG) discourse that has brought both praise and skepticism over the past year, a narrative emerges that encapsulates a broader evolution. This narrative unfolds across the spectrum of enterprises, from...

Compliance, December 2023 – February 2024

Why ChatGPT Is Unlikely to Replace the Human Factor in AML

December 13, 2023December 18, 2023 /Leave a comment

Artificial intelligence (AI) describes the development of computer systems that can perform tasks typically requiring human intelligence, such as learning, reasoning and problem-solving. AI has already been used across a multitude of industries1 to improve daily life. It has been implemented in the health care...

Compliance, December 2023 – February 2024

Intelligence-driven Compliance Controls

December 13, 2023 /Leave a comment

"The fate of the nation well may rest on accurate and complete intelligence data which may serve as a trustworthy guide … in a troubled world where so many forces and ideologies work at cross purposes.”1 On Saturday, October 7, 2023, the Gaza-based terrorist group...

Compliance, December 2023 – February 2024, Exclusive

The Evolution of Money Laundering/Terrorist Financing in Film and Television

December 13, 2023 /Leave a comment

"What do you do for work?” This is a straightforward question but one that can cause anxiety and dread to anti-financial crime (AFC) professionals. Financial crime risk management and the work we do to protect the financial system do not roll off the tongue over...

ACAMS Connection, Compliance, Exclusive

The Assembly Las Vegas 2023

October 16, 2023April 15, 2024 /Leave a comment

The successful ACAMS Assembly Las Vegas drew approximately 2,500 in-person and online attendees, encompassing more than 50 sessions covering a number of topics of interest to anti-financial crime (AFC) professionals, including pig butchering scams, digital assets fraud, the use of artificial intelligence (AI) and machine...

Compliance, September – November 2023

Exploring the Role of Generative AI in Enhancing Financial Crime Compliance

September 13, 2023 /Leave a comment

By this point, it is becoming clear to most banking institutions and compliance officials that technology can be a potent weapon to be used against financial crimes, such as money laundering and fraud. A recent artificial intelligence (AI) adoption survey revealed that nearly half of...

ACAMS Connection, Compliance, September – November 2023

Corruption, Money Laundering and the Economy

September 13, 2023November 29, 2023 /1 Comment

Corruption is not a recent phenomenon; it has been in existence for over 2,000 years. Corruption prevailed in many ancient kingdoms highlighted throughout history. Corruption is a much larger phenomenon that can only be observed and is subject to one’s perception of the act being...

Compliance, September – November 2023

Monitoring and Testing: Incorporating Quality Data is Key in Today’s Digital World

September 13, 2023 /Leave a comment

Compliance practitioners have long sought to implement compliance monitoring and testing functions. But what does that mean in today’s data-driven world, where customer onboarding and transactions occur at the speed of a click, blurring the boundaries of what is real and what is virtual? Compliance...

ACAMS Today

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

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

Samuel Cousins: The importance of the Global Threats Report Survey

AFC career hot zones: Crypto, fintech and BaaS

Effective management of financial crime investigations

Enhancing AML strategies through collaboration: The case of section 314(b)

Efectividad en los controles

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