Fraud Archives - ACAMS Today

AFC Challenges, Compliance, Fraud, In Focus

When secrets become currency: A deep dive into insider trading

July 11, 2025 /Leave a comment

Raj Rajaratnam, the founder of the Galleon Group, once one of Wall Street’s powerful hedge funds, had mastered the art of secrets. He relied on a network of insiders, notably executives at major companies like IBM, Intel and Goldman Sachs, to feed him confidential information....

AFC Challenges, Compliance, Fraud, Money Trails Brazil, World Digest

A growing concern in Brazil’s digital gambling market

July 3, 2025July 11, 2025 /Leave a comment

What began as a popular form of online entertainment has now become the subject of in-depth investigations led by tax authorities and financial regulatory agencies. The explosive growth of sports betting platforms—driven by a still-developing regulatory framework and the widespread use of mobile devices—has begun...

AFC Challenges, AFC Policy, Compliance, Exclusive, Fraud

ACAMS virtual seminar explores LE’s fight against financial crime

July 1, 2025July 3, 2025 /Leave a comment

On June 23-24, 2025, ACAMS held its virtual Law Enforcement (LE) anti-financial crime (AFC) Seminar, featuring approximately 30 experts from various U.S. LE agencies including the Federal Bureau of Investigation (FBI), Homeland Security Investigations (HSI), the Internal Revenue Service-Criminal Investigations (IRS-CI), the United States Postal...

Exclusive, Fraud, June – August 2025

The escalating issue of elder financial exploitation

June 11, 2025June 13, 2025 /Leave a comment

Elder financial exploitation (EFE) is a pressing and growing concern in the U.S., posing a threat to the financial security and well-being of older adults. EFE involves the illegal or improper use of an elder’s funds, property or assets, often leading to devastating financial and...

AFC Challenges, Fraud, June – August 2025, Practical Solutions

The intersection of KYC and fraud prevention

June 11, 2025 /Leave a comment

For many years, know your customer (KYC) and related due diligence measures and fraud prevention processes have been treated as separate functions. While KYC has largely focused on compliance with certain anti-money laundering (AML)-related regulatory requirements, fraud prevention has focused on stopping bad actors in...

Fraud, June – August 2025

The money laundering bus driver

June 11, 2025June 11, 2025 /Leave a comment

In November 2021, the U.S. Postal Service delivered a card to the district attorney in Pickens County, Alabama. The card did not contain a return address, and the author never left their name. The card claimed that a “million dollar plus scam” existed in the...

AFC Policy, Fraud, Global Financial Crime Review, World Digest

Huione Group and the Rise of a Financial Crime Superhub

May 16, 2025June 4, 2025 /Leave a comment

In May 2025, the Financial Crimes Enforcement Network (FinCEN) took a decisive step in the global fight against cyber-enabled financial crimes. In a historic Notice of Proposed Rulemaking (NPRM), FinCEN identified Cambodia-based Huione Group as a financial institution (FI) of primary money laundering concern under...

AFC Challenges, AFC Policy, Compliance, Exclusive, Fraud

The Assembly Hollywood Highlights Trending AFC Issues

May 9, 2025 /Leave a comment

Members of the international anti-financial crime (AFC) community congregated in Florida last week to discuss the latest developments in the AFC space during the ACAMS Assembly Hollywood, which took place from April 28-30 in Hollywood, Florida. The conference’s informative sessions addressed an array of trending...

AFC Challenges, Europe Express, Featured Column, Fraud

Fraud as a Service: A Growing Threat in the EU

April 1, 2025April 1, 2025 /Leave a comment

For as little as 250 euros ($273) a month, anyone could run their own phishing empire. This is what the Dutch LabHost network offered—an all-in-one fraud-as-a-service (FaaS) platform that sold tools to create fake banking and government institution websites to scam victims worldwide. For as...

Compliance, Fraud, Tech Scope

Challenges and Solutions: Cryptocurrency, Cybercrime and Privacy

March 31, 2025 /Leave a comment

According to the Federal Bureau of Investigation’s (FBI) 2023 Cryptocurrency Fraud Report, the Internet Crime Complaint Center received “more than 69,000 complaints from the public regarding financial fraud involving the use of cryptocurrency, such as Bitcoin, Ether or Tether. Estimated losses with a nexus to...

ACAMS Today

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

When secrets become currency: A deep dive into insider trading

Institutional vigilance and anti-bribery and corruption programs

Transaction monitoring’s AI era

A growing concern in Brazil’s digital gambling market

Angela Salter: The CAMS Evolution

A new era in financial crime prevention partnerships

Fraud

When secrets become currency: A deep dive into insider trading

A growing concern in Brazil’s digital gambling market

ACAMS virtual seminar explores LE’s fight against financial crime

The escalating issue of elder financial exploitation

The intersection of KYC and fraud prevention

The money laundering bus driver

Huione Group and the Rise of a Financial Crime Superhub

The Assembly Hollywood Highlights Trending AFC Issues

Fraud as a Service: A Growing Threat in the EU

Challenges and Solutions: Cryptocurrency, Cybercrime and Privacy