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Compliance, December 2024 – February 2025, Exclusive

AML/CTF Rules Guide―Effective Public Commenting

December 19, 2024December 19, 2024 /Leave a comment

On July 3, 2024, the Financial Crimes Enforcement Network published a proposed anti-money laundering/counter-terrorist financing “program” rule in the Federal Register. The publication gave the public notice of the proposed rule, invited the public to submit comments within 60 days, and provided a cost and...

Exclusive, Fraud, Fraud Alert, Practical Solutions

Holiday Scams to Watch Out for in 2024

November 11, 2024 /Leave a comment

The holiday season, with its surge in shopping, travel and festive activities, is also a peak period for scammers who seek to exploit the spirit of generosity and the flurry of financial transactions. In 2024, as digital technology becomes more integrated into daily life, new...

Compliance, Exclusive, Tech Scope

Leveraging Strategic Intelligence in Cryptocurrency Compliance

October 29, 2024 /Leave a comment

The cryptocurrency space is evolving rapidly, making a cutting-edge compliance function essential. Instead of the reactive measures often used by traditional financial institutions and early crypto exchanges, the future lies in a proactive approach to compliance—one driven by the introduction of a strategic intelligence team....

ACAMS Connection, Career Guidance, Exclusive

Avoiding ‘Popcorn Brain’ Resumes During Your AFC Job Search

October 10, 2024October 29, 2024 /Leave a comment

Have you heard of “popcorn brain”? It is a term used to describe the modern mind’s tendency to jump from one thought to another thought, like popcorn in a heated pan. The phenomenon is born in our digital age, where constant stimulation and multitasking are...

Breaking Barriers in AFC: Recap of ACAMS Las Vegas The Assembly

Compliance, Exclusive, Fraud

Breaking Barriers in AFC: Recap of The Assembly Las Vegas

October 1, 2024 /Leave a comment

The ACAMS Assembly Las Vegas, held from September 23-25, 2024, at the Aria Resort and Casino, presented a variety of sessions addressing important anti-financial crime (AFC) topics such as cryptocurrency, compliance regulation, suspicious activity reports (SARs), artificial intelligence (AI) and generative AI (GenAI), the FTX...

ACAMS Connection, AFC Challenges, Exclusive, Global Financial Crime Review, Regulatory Initiatives

Due Diligence and Preventing the Illicit Use of the Financial System

September 23, 2024December 8, 2024 /Leave a comment

The U.S. is one of the leading, most stable and secure economies in the world. As a result, huge numbers of entities want to place their money in U.S. financial institutions (FIs). This includes legitimate individuals and businesses, but it also includes money launderers, fraudsters,...

AFC Challenges, Compliance, Exclusive

Two Viewpoints: How 9/11 Redefined Military Roles

September 11, 2024September 11, 2024 /Leave a comment

The attacks of September 11 radically transformed every aspect of life, business and governance, and its effects continue to be felt today. For members of the Armed Forces, the impact was immediate and drastic. A largely conventional force with a doctrine primarily geared for warfare...

AFC Challenges, Exclusive, September – November 2024

How AML Quality Assurance Has Advanced Over the Years

September 5, 2024 /Leave a comment

Quality assurance refers to the systematic process of ensuring that products and services meet specified requirements and standards. To better understand the advancement of quality assurance, one must first understand its origins. Quality assurance dates to the Middle Ages in ancient Greece and Egypt, where...

Career Guidance, Exclusive

LinkedIn for AFC Professionals

August 30, 2024 /Leave a comment

Has LinkedIn morphed from a business networking platform into a social media hub? This fast-growing tool, generating $15 billion a year,1 is often used in a manner similar to Twitter and Instagram. Brimming with motivational hashtags, carousel posts, emojis, sensationalized headlines and even gym selfies,...

ACAMS Connection, AFC Challenges, Compliance, Exclusive

Make Your Models Right

August 8, 2024August 23, 2024 /1 Comment

Consider this: A senior model validator recently estimated that computer-based tools classified as “models” incur at least $350,000 annually in additional compliance costs—per model—compared to non-model applications or end-user computing spreadsheets. These are compliance costs, mind you, and they are on top of the substantial...

ACAMS Today

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

AMLA’s work program and its enhanced oversight of CASPs

AML enforcement: A shift in Brazil’s luxury

The influence of emerging technologies on cybersecurity audits

AI, human accountability and company ownership

Beyond the exchange: Laundering crypto through luxury goods

Leveraging national security priorities for an enhanced counter-fraud response

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