All Topics Archives - Page 15 of 261

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

Lavando dinero con el fútbol

September 25, 2023February 8, 2024 /Leave a comment

El mundo del deporte es muy dinámico y genera mucha actividad económica, tanto lícita como ilícita. La actividad ilícita es la que trataremos en esta ocasión. En los deportes, entre más alta sea la ganancia, más alto es el riesgo de lavado de dinero. El...

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Practical Solutions, World Digest

Understanding SAR Transactions in Multiple Jurisdictions

September 22, 2023 /Leave a comment

According to the Financial Action Task Force (FATF), if a reporting entity has reasonable cause to suspect that funds are associated with illegal activity or terrorist funding, it must immediately notify the country’s Financial Intelligence Unit (FIU).1 This article dives into suspicious activity reports (SARs)...

FRAML Why Machine Learning Is FIs’ Greatest Weapon

Fraud, Practical Solutions, Special for the Web, Tech Scope

FRAML: Why Machine Learning Is an FI’s Greatest Weapon

September 22, 2023April 26, 2024 /Leave a comment

What do songwriting, coding, stand-up comedy and fraud have in common? Humans take hours or even days to do them well. It takes ChatGPT less than a second to do the same. To illustrate, I asked generative artificial intelligence (AI) to write a three-verse song...

Exclusive, Tech Scope

North Korean-Russian Summit a Concerning Development as DPRK Cyber Attacks Continue

September 19, 2023 /Leave a comment

On September 13, Russian President Vladimir Putin and Democratic People’s Republic of Korea (DPRK) leader Kim Jung Un held a summit in which the two leaders, isolated from the West by economic sanctions, called each other “comrade” and committed to deepen their defense cooperation as...

Badge Bulletin, Featured Column

J5 Partnership Crucial to Combating Global Tax, Financial Crimes

September 19, 2023September 20, 2023 /Leave a comment

Today’s world is more interconnected than ever before. Individuals and businesses operate across borders, and the same holds true for today’s criminals. This necessitates international cooperation among government partners to combat tax and financial crimes that touch countries around the globe. The Joint Chiefs of...

Europe Express, Featured Column

Wolfsberg Principles On AI and Machine Learning

September 15, 2023September 29, 2023 /Leave a comment

There is not a more fitting metaphor than Pandoras Jar1 in describing the entry of artificial intelligence (AI) into our society. Pandora’s “box” is a historical mistranslation;2 an inaccuracy. It was described as Panadoras Jar. The application of AI and machine learning in financial crime...

ACAMS Today Europe, ACAMS Today Europe Digital, Global Financial Crime Review, September – November 2023

Captagon: A Dangerous Pill to Swallow

September 13, 2023September 27, 2023 /Leave a comment

In early September 2022, Syria’s Ministry of Interior released a video showing dozens of seized hummus bowls. A bowl is subsequently picked up and peeled with a knife, revealing that the bowls were concealing an illicit drug called Captagon. According to the Ministry, pills had...

ACAMS Connection, Practical Solutions, September – November 2023

Casinos: Responding to New and Evolving Money Laundering Risks

September 13, 2023September 20, 2023 /Leave a comment

Throughout history, people have engaged in games of chance for entertainment or financial gain. Games of chance are, at their core, based on mathematics and probability. A roll of the dice or spin of the wheel, in conjunction with a set of rules, makes it...

ACAMS Connection, ACAMS Today Europe, ACAMS Today Europe Digital, Global Financial Crime Review, September – November 2023

The Importance of Collaboration in CSE Investigation

September 13, 2023September 27, 2023 /Leave a comment

Child sexual exploitation (CSE), child sexual abuse materials (CSAM) and child sex trafficking (CST) are serious crimes that adversely impact children being coerced or manipulated into engaging in sexual activity for financial gain. The ACAMS Today Back-to-the-Basics article, “Beyond The Headlines—A Real Look at Trends...

Practical Solutions, September – November 2023, World Digest

Financial Information Sharing Partnership in Mexico

September 13, 2023September 28, 2023 /Leave a comment

Cross-border trade is growing across North America. U.S. trade with Canada and Mexico reached a record $1.78 trillion last year.1 Mexico emerged as the top trade partner for the U.S. this year, with trade totaling $263 billion between the two countries during the first quarter...

ACAMS Today

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

Seizing Assets So That Crime Doesn’t Pay, With Molly Moeser

Three Ways AI Is Augmenting AML Programs

Enlisting AI in the Fight Against Financial Crime, With Jennifer Shasky Calvery

Assembly Chatter with ACAMS Today: Sanjeev Menon

Giles Thomson on U.K. Sanctions Priorities and Enforcement

Four Questions: Advice From a BSA/OFAC Officer

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