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The World Cup: A magnet for financial crime

The World Cup: A magnet for financial crime

From harmless wagers to global crime in sports betting

From harmless wagers to global crime in sports betting

ACAMS celebrates AFC professionals with ACAMS Awards

ACAMS celebrates AFC professionals with ACAMS Awards

AML/AFC trends in 2025 and emerging topics for 2026

AML/AFC trends in 2025 and emerging topics for 2026

The end of the “de minimis” exemption: Strengthening U.S. trade controls

The end of the “de minimis” exemption: Strengthening U.S. trade controls

Fraud trends in 2026: What to expect

Fraud trends in 2026: What to expect

In Focus

AI in AFC: Beating Fraudsters at Their Own Game
AFC Challenges, Back to the Basics, Fraud, Fraud Alert, In Focus

AI in AFC: Beating Fraudsters at Their Own Game

September 17, 2024 /Leave a comment
Creating a legitimate-looking business entity used to be difficult. Making a fake merchant website and fabricating business operations that looked convincing enough to dupe underwriters took time and skill. Now, thanks to the emergence of generative artificial intelligence (GenAI), it is easy—and it is on...
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AI Outsmarts Fraudsters: Boiler Rooms Busted
Fraud, In Focus, September – November 2024, Understanding AI

AI Outsmarts Fraudsters: Boiler Rooms Busted

September 5, 2024September 6, 2024 /Leave a comment
Boiler room fraud, wherein brokers employ tactics such as cold calling, pump-and-dump schemes, advance-fee fraud and high-pressure sales tactics to sell stocks of questionable value over the phone, rose to prominence in the 1990s and has lurked in the shadows of the world of commerce...
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Job Opportunity Fraud: Using LinkedIn, AI and ‘Romance’
ACAMS Connection, Career Guidance, Fraud, Fraud Alert, In Focus

Job Opportunity Fraud: Using LinkedIn, AI and ‘Romance’

September 3, 2024September 4, 2024 /Leave a comment
As I was in the midst of writing this article, I received not one but two thoughtful text messages from numbers that I did not recognize, as shown in Graphic 1. Graphic 1: Examples of Job Opportunity Fraud Source: Illustration created by Jon Estreich, CAMS-Audit,...
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How an AFC professional fell victim to fraud
Fraud, Fraud Alert, In Focus

How an AFC Professional Fell Victim to Fraud

September 3, 2024December 2, 2024 /Leave a comment
Customer due diligence and beneficial ownership are of considerable importance in the anti-financial crime (AFC) arena to uncover the true identity of financial criminals. This article will explore a case that highlights the loopholes in the legal framework and the regulatory weaknesses that enable criminals...
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How To Avoid Rental Scams
ACAMS Connection, Fraud, Fraud Alert, In Focus

How To Avoid Rental Scams

August 19, 2024August 28, 2024 /Leave a comment
It is important to remind ourselves that whenever we encounter an opportunity on the internet, it is essential to conduct thorough research. Finding rental properties online is straightforward, but interested renters should only proceed to sign a legitimate and complete contract/lease after viewing the property....
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Machine learning methods for AML
ACAMS Connection, AFC Challenges, Aspects of APAC, In Focus, Practical Solutions

Machine Learning Methods for AML

July 25, 2024August 7, 2024 /Leave a comment
With the rapid development of the financial market, money laundering has become increasingly complex, which brings great challenges to the anti-money laundering (AML) work of financial institutions (FIs). Traditional AML methods mainly rely on manual review and rule screening, but due to the large amount...
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ACAMS Hollywood Assembly: Views From a First-Time Participant
In Focus

ACAMS Hollywood Assembly: Views From a First-Time Participant

July 16, 2024 /Leave a comment
As a first-time ACAMS Assembly attendee, I was eager to experience as many aspects of the conference as possible. The amount of information available at an ACAMS Assembly is truly unmatched. I was also excited about the opportunity to network and make meaningful connections with...
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Who is Texting Me Now?
ACAMS Connection, Fraud, Fraud Alert, In Focus

Who Is Texting Me Now?

June 28, 2024July 11, 2024 /Leave a comment
With an emphatic scroll and quick click, a text message was opened, considering it came from someone familiar or at least who sounded “vaguely” familiar. They wanted some quick action from you, and they needed it yesterday, but why are they reaching out via text?...
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The Dual Edges of GenAI and the EU’s Regulatory Vision
Europe Express, In Focus

The Dual Edges of GenAI and the EU’s Regulatory Vision

June 19, 2024 /Leave a comment
In early 2024, a finance officer in Hong Kong was wary of an email received from the chief financial officer of a UK-based company, concerning a secret transaction. A video call was organised to quell his doubts, and behind his screen sat the originator of...
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DNA Techniques to Combat Wildlife Crime
In Focus

DNA Techniques to Combat Wildlife Crime

June 14, 2024September 3, 2024 /Leave a comment
Thousands of animals and plant parts and products are traded in Hong Kong every day. Some of this is legal, and some is not. Scientists in Hong Kong are developing DNA techniques to help stop wildlife trafficking by tracking wildlife smuggled through borders. These techniques...
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