Practical Solutions Archives - Page 18 of 23

The birth of commerce—the idea of trading goods and services for some kind of remuneration—is lost in history, but early examples can be seen when man learned to trap and hunt and traded for grains and other food products that were grown by others....

Practical Solutions, September - November 2015

Sanctions and Beneficial Ownership—From Arithmetic to Calculus

August 25, 2015 /Leave a comment

Sanctions compliance is about to get a lot harder, and for once, the Office of Foreign Assets Control (OFAC) had nothing to do with it. The impending beneficial ownership rules, outlined in the August 4, 2014 Notice of Proposed Rulemaking, are going to create...

June – August 2015, Practical Solutions

Detecting the Enemy Within

May 27, 2015January 8, 2016 /Leave a comment

Newspaper headlines and the nightly news are filled with stories of lone wolves, terrorist cells and foreign terrorist fighters (FTFs) recounting recent attacks or attacks that have been averted. All are part of the growing threat of homegrown terrorism in the U.S. and detecting these...

June – August 2015, Practical Solutions

Elder Financial Exploitation—Surveillance is Only Part of the Solution

May 27, 2015February 2, 2016 /Leave a comment

Generally, compliance officers do not like gray areas. Gray areas call for judgments, judgments lead to errors and errors lead to bad situations for financial institutions and, at times, the customers. The gray areas in addressing elder financial exploitation1 go far beyond the color of...

June – August 2015, Practical Solutions

An Era of Cyber Wars and Security Awareness

May 27, 2015May 22, 2017 /Leave a comment

"The world isn’t run by weapons anymore, or energy, or money. It’s run by little ones and zeros, little bits of data." —Sneakers (1992) In an era where countries are in a new arms race, not for territory or weapons but for computer hackers or...

Exclusive, June – August 2015, Practical Solutions

The Rings of Defense Needed to Address the Threats of Terrorism to the Homeland

May 27, 2015January 8, 2016 /Leave a comment

The terrorist threat posed to the homeland that Western nations faced on September 11, 2001 (9/11), was much different than the threat we face today. What we experienced on 9/11 was a terrorist organization, al-Qaeda, possessing the ability to have a group of their jihadists...

March – May 2015, Practical Solutions

The Missing Piece of the Puzzle: Considering Business Intelligence in Transaction Monitoring Threshold-Tuning

March 4, 2015March 4, 2015 /Leave a comment

At the core of any financial institution’s anti-money laundering (AML) compliance department is its transaction monitoring system. The system analyzes transactional data against preset rules and generates a list of alerts for users to review. Alerts may be reviewed on a daily, weekly, or...

March – May 2015, Practical Solutions

Driving Sales Through AML Compliance Activities

March 4, 2015March 4, 2015 /Leave a comment

Pity the BSA compliance officer walking past a financial institution’s conference room at the end of a good quarter and seeing the retail folks celebrating an uptick in products and services sales. Once again the compliance group kept the regulators satisfied, identified a few...

December 2014 - February 2015, Practical Solutions

TPPPs: The Fine Line Between Risk and Effectiveness

December 9, 2014March 6, 2015 /Leave a comment

The inclusion of third-party payment processors, or TPPPs, to a financial institution's portfolio can have a positive impact on that organization's revenue. Conversely, TPPPs can also pose significant risks for money laundering and other regulatory violations if they are not properly managed. Financial institutions...

December 2014 - February 2015, Practical Solutions

Assessing the Islamic State and Like-Minded Terrorist Groups from an AML Perspective

December 9, 2014November 17, 2015 /Leave a comment

How should financial institution compliance officers, analysts and investigators view the Islamic State? On one hand, as concerned citizens, they should view the Islamic State as the barbaric and thug-like terrorist organization they are. On the other hand, as compliance professionals, they should view the...

ACAMS Today

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

Financial Investigations and Confiscation in Fighting Crime

Huione Group and the Rise of a Financial Crime Superhub

Offshore Trust Structures and Feeder Fund Mechanisms

One and Done: Ending the Supplemental SAR Assembly Line

Next-Generation Financial Crime Enterprise-Wide Risk Assessments

The Critical Role AFC Professionals Can Play in Sustainable Development

Practical Solutions

Trust but Verify: New Trends and Technology in Identity Document Verification and Authentication

Sanctions and Beneficial Ownership—From Arithmetic to Calculus

Detecting the Enemy Within

Elder Financial Exploitation—Surveillance is Only Part of the Solution

An Era of Cyber Wars and Security Awareness

The Rings of Defense Needed to Address the Threats of Terrorism to the Homeland

The Missing Piece of the Puzzle: Considering Business Intelligence in Transaction Monitoring Threshold-Tuning

Driving Sales Through AML Compliance Activities

TPPPs: The Fine Line Between Risk and Effectiveness

Assessing the Islamic State and Like-Minded Terrorist Groups from an AML Perspective