Global Financial Crime Review Archives - Page 9 of 16

AFC Policy, Europe, September – November 2017

The Ultimate Beneficial Ownership Identification Requirement: Why It Matters to All of Us

September 19, 2017October 19, 2017 /Leave a comment

Money laundering, terrorist financing, evading taxes, bribery, corruption, abuse of human rights and even modern-day slavery differ in their nature, but they have some things in common: They destroy people’s lives, undermine the common values in our societies and they are facilitated by a lack...

Europe, Global Financial Crime Review, June – August 2017

White-Collar Crime: The Carousel of VAT Abuse

June 9, 2017August 14, 2017 /Leave a comment

Value-added tax (VAT) is one of the most critical sources of national revenue by the majority of European state authorities, particularly in the Central and Eastern European (CEE) region. It is basically a consumption tax calculated on the value added to goods and services. It...

AFC Challenges, Europe, June – August 2017

Combating Cyber Fraud in Correspondent Banking

June 9, 2017June 9, 2017 /Leave a comment

Cybercrime is a major concern for banks around the world. Until recently, the focus of attacks has tended to be on banks’ customers through card and account detail compromises. But as criminals have become more sophisticated, they have raised their ambitions, and in a change...

Europe

Assessing the Manchester Bombing and Placing it in an AML Context

May 31, 2017July 20, 2017 /Leave a comment

On May 22, 2017, suicide bomber Salman Abedi detonated a sophisticated explosive device, just outside of an exit to the Manchester Arena in Manchester, England, immediately following a concert performed by Ariana Grande. Twenty two people were killed in the explosion, including seven children. At...

Europe, March - May 2017, Meet the ACAMS Staff

Samantha Sheen, CAMS: The Changing AML Landscape in Europe

March 6, 2017 /Leave a comment

Samantha Sheen is an anti-financial crime risk professional who joined ACAMS in 2016 as its anti-money laundering (AML) director for Europe. Sheen has worked in both the public and private sectors on a variety of anti-financial crime projects and activities. Sheen’s career has afforded...

Europe, European Connect, March - May 2017

2017 Transition and Transformation for Europe

March 6, 2017 /Leave a comment

Editor’s Note: European Connect is a section in the ACAMS Today magazine that will update members on ACAMS news and activities in Europe. As we move through the first months of 2017, the long-awaited ‘big day’ for the EU Fourth AML Directive has arrived,...

Exclusive, Global Financial Crime Review

Forensic Investigation with a Dash of Technology

January 17, 2017 /Leave a comment

"Corruption, embezzlement [and] fraud—these are all characteristics which exist everywhere. It is regrettably the way human nature functions, whether we like it or not. What successful economies do is keep it to a minimum. No one has ever eliminated any of that stuff"1 -Alan...

December 2016 – February 2017, Europe, European Connect

European Membership Growth in 2016

December 9, 2016 /Leave a comment

Editor’s Note: European Connect is a section in the ACAMS Today magazine that will update members on ACAMS news and activities in Europe. As we look forward to 2017 with the call for swift transposition of the Fourth Anti-Money Laundering Directive ringing out loud...

December 2016 – February 2017, Europe, Regulatory Initiatives

Know Your Customer: Enhanced Requirements

December 9, 2016April 7, 2017 /Leave a comment

Know your customer/customer due diligence (KYC/CDD) requirements have been the focus of regulatory revision processes both in the U.S. and the EU in 2016, leading to a changed understanding of the KYC/CDD requirements and the approaches and tools needed to meet these requirements. These...

December 2016 – February 2017, Europe, Practical Solutions

Changes to Negative News Search Results May Red Flag Efforts to Evade AML/CTF Detection

December 9, 2016December 9, 2016 /Leave a comment

ACAMS Today

The Magazine for Career-minded Professionals in the Anti-Money Laundering Field

Crimen Financiero: Destrucción de la Amazonia de Brasil

CSAM: The Role of Social Media and Jurisdictions

Assembly Chatter with ACAMS Today: Amanda Cox

Assembly Chatter with ACAMS Today: Dr. Tanya McCartney

Matthew S. Axelrod on the Critical Importance of Export Controls

AFC Developments Addressed at the Assembly Hollywood

Global Financial Crime Review