Exclusive Archives - Page 11 of 20

ACAMS Connection, Exclusive, Understanding AI

How Well Do You Understand AI?

May 27, 2020August 2, 2024 /Leave a comment

Every tech wave has a steep learning curve. In the not-too-distant past, understanding what the internet was or how to use email made one a party standout. Now it is impossible to imagine not knowing either. Just as it was with these innovations, artificial intelligence...

Exclusive, Tech Scope

Technology Provides the Tools—Analytics Deliver the Insights

May 8, 2020February 15, 2022 /Leave a comment

New technology platforms offer the promise of dramatic improvements in financial crimes programs for banks and other financial institutions (FIs). But for all its power and potential, technology cannot adequately address today’s anti-money laundering (AML) challenges by itself. To be effective, new technology must...

ACAMS Connection, AFC Challenges, Exclusive

Your AMLRx for COVID-19: Part One

May 4, 2020February 2, 2023 /1 Comment

By now, reality has set in. The world is in this for the long haul, and anti-money laundering (AML) and sanctions professionals have certainly recognized that the work to protect the financial system will be changed forever. Financial institutions’ (FIs) initial SWAT teams have set...

ACAMS Connection, Career Guidance, Exclusive

Musings From Quarantine on the AML/Compliance Industry

April 6, 2020February 2, 2023 /2 Comments

Monday through Friday is drastically different now for a large percentage of people both in the U.S. and around the world. More people are under some type of mandated quarantine today than there were people alive in 1940—2.6 billion.1 Most, if not all, of you...

Caribbean Catch-Up, Exclusive, Global Financial Crime Review, March – May 2020

Utilizing the Three Lines of AML Defense Protocols

March 10, 2020May 5, 2020 /Leave a comment

While I am not a football fan myself, I know that there are lines of defense and each team is trying to prevent the other side from making a touchdown. Similarly, in financial services there are also lines of defense. The entire financial services...

ACAMS Connection, Exclusive, Practical Solutions

Considerations for Building an MRA Validation Road Map

March 9, 2020February 2, 2023 /Leave a comment

Bank regulators issue Matters Requiring Immediate Attention1 and Matters Requiring Attention or Matters Requiring Board Attention2 (collectively referred to as MRAs) to financial institutions (FIs) to communicate supervisory concerns—such as a deviation from sound governance, internal controls and risk management principles, and/or noncompliance with laws...

Community Banking Corner, Exclusive

Operationalizing Against OFAC Weaknesses

February 25, 2020 /Leave a comment

The Bank Secrecy Act (BSA) and the Office of Foreign Assets Control (OFAC) are the peanut butter and jelly of the financial crimes compliance world. Although BSA and OFAC are typically handled by the same department in smaller institutions, their laws are quite different...

Community Banking Corner, Exclusive

BSA and the Efficiency Ratio

January 15, 2020March 11, 2020 /Leave a comment

Businesses’ fourth quarter often brings unique challenges. Nestled against the idyllic backdrop of holiday lights and the hopeful optimism of still yet unbroken New Year resolutions there exists the specter of strategic planning. Whether 2020 will be roaring with the jazzy enthusiasm of a...

Aspects of APAC, Exclusive, Human Trafficking Awareness Month

Fighting Modern Slavery: What the Banking Sector Can Do to Help

January 9, 2020January 10, 2025 /Leave a comment

Modern slavery, which represents the recruitment, transport, receipt and harboring of people for the purpose of exploiting their labor, affects almost all parts of the world. Globally, it is estimated that there are over 40 million men, women and children in modern day slavery, with...

Exclusive, Global Financial Crime Review

Eyes on Vancouver: Money Laundering in Canada

December 26, 2019January 14, 2020 /Leave a comment

While residents of Vancouver nestle in the neighborhoods of a city which has ranked third continentally for quality of living in 2019,1 many have little idea of the nefarious criminal acts occurring on their streets. While intensifying international and domestic media reports2 have begun to...

ACAMS Today

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

A growing concern in Brazil’s digital gambling market

Angela Salter: The CAMS Evolution

A new era in financial crime prevention partnerships

Public-private partnerships in SAR optimization

Meme coin mania and mayhem: Navigating the blind spots

Steps FIs can take to improve working with LE

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