Featured Column Archives

Back to the Basics, Compliance, Featured Column, Understanding AI

The Use of AI and Machine Learning in Financial Crime Compliance

October 4, 2024 /Leave a comment

Nowadays, people often talk about artificial intelligence (AI) and machine learning. “Artificial Intelligence is the field of developing computers and robots that are capable of behaving in ways that both mimic and go beyond human capabilities. AI enabled programs can analyze and contextualize data to...

Caribbean Catch-Up, Featured Column

Mitigating Risks: Citizenship by Investment Programs

September 19, 2024 /Leave a comment

Citizenship by investment (CBI) programs grant citizenship to individuals who make significant investments in a country. While these programs can stimulate economic growth, they can also pose significant anti-money laundering (AML) and counter-terrorist financing (CTF) risks. The St. Kitts and Nevis Citizenship by Investment Programme...

How Money Laundering Affects the Environment

ACAMS Conexión, ACAMS Today Español, Acceso LatAm, Español, Featured Column

Cómo el lavado de dinero afecta a el medio ambiente

September 19, 2024September 30, 2024 /Leave a comment

E l lavado de dinero es un proceso en el cual las ganancias obtenidas de actividades ilícitas se integran al sistema financiero legal. Este fenómeno no solo afecta la economía, sino que también tiene un impacto devastador en el medioambiente Las actividades ilegales como la...

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ACAMS Connection, Community Banking Corner, Featured Column

Technology and Public-Private Partnerships

September 13, 2024September 27, 2024 /Leave a comment

As the battle over financial crimes evolves over time, it is of the utmost importance to leverage two key assets: technology and partnerships. Criminals are making ever more use of technology to perpetrate scams and frauds and launder money. In addition, they have learned to...

ACAMS Conexión, ACAMS Today Español, Acceso LatAm, Español, Featured Column

Las estafas románticas y sus metodologías

September 12, 2024September 20, 2024 /Leave a comment

Las estafas románticas se están volviendo muy comunes en todo el mundo, de acuerdo con la Comisión Federal de Comercio (FTC, por sus siglas en inglés), en 2023 se recibieron 853,935 denuncias de estafas por un total de casi 2,700 millones de dólares perdidos por...

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ACAMS Connection, Back to the Basics, Compliance, Featured Column

MSBs Are Vital to the U.S. Economy

August 30, 2024September 4, 2024 /Leave a comment

In some underserved and underdeveloped communities in the U.S., traditional banking is not the norm and, in rare cases, may not exist at all. Residents in areas with limited access to banking services turn to money services businesses (MSBs) to meet their financial needs as...

Featured Column, Practical Solutions, Understanding AI

The Effective Use of AI for SARs

August 19, 2024September 24, 2024 /Leave a comment

Suspicious activity report (SAR) filings are increasing. Last year, a whopping 4.6 million SARs and 20.8 million currency transaction reports (CTRs) were filed, according to the Financial Crimes Enforcement Network’s (FinCEN) Year in Review FY 2023.1 That is nearly a 28%2 increase in year-over-year SAR filings....

Acceso LatAm, AFC Challenges, Featured Column, Global Financial Crime Review

Financial Crime and the Destruction of the Brazilian Amazon

July 1, 2024July 22, 2024 /Leave a comment

The Amazon, commonly known as the “lungs of the planet,” is a vast reserve of biodiversity, a crucial element in regulating the global climate and a bastion against climate change. Brazil, being one of the largest beef exporters in the world, has seen how its...

Back to the Basics, Compliance, Featured Column, Practical Solutions

Understanding Suspicious Transaction Reports

June 28, 2024July 22, 2024 /Leave a comment

What is a suspicious transaction report (STR) or a suspicious activity report (SAR)? In some jurisdictions, the terms STR and SAR are used interchangeably. However, in other locations, suspicious activity reporting is broader in terms of the definition and may encompass the observance of overall...

Career Guidance, Featured Column

Are Resumes Dead?

June 18, 2024June 25, 2024 /Leave a comment

You have heard it before: “No one really cares about resumes,” “My accomplishments speak for themselves” or my personal favorite: “Resumes are dead.” These sentiments echo through LinkedIn forums and networking events. The belief that resumes are merely administrative tasks has taken root in the...

ACAMS Today

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

Why Continuous Learning Is Critical for AFC Professionals

Celebrating Veteran Excellence in AFC: ACAMS Veteran’s Scholarship Reception

The Use of AI and Machine Learning in Financial Crime Compliance

Fraudulent Companies: Avoid the Trap

Scanned and Scammed: QR Code Fraud

A New Approach to Casino Inherent Risk

Featured Column

The Use of AI and Machine Learning in Financial Crime Compliance

Mitigating Risks: Citizenship by Investment Programs

Cómo el lavado de dinero afecta a el medio ambiente

Technology and Public-Private Partnerships

Las estafas románticas y sus metodologías

MSBs Are Vital to the U.S. Economy

The Effective Use of AI for SARs

Financial Crime and the Destruction of the Brazilian Amazon

Understanding Suspicious Transaction Reports

Are Resumes Dead?