Practical Solutions Archives - Page 23 of 24

March – May 2012, Practical Solutions

From Terabyte to Petabyte: Finding the Bad Guys in the Age of Big Data

February 29, 2012April 6, 2015 /Leave a comment

Information overload has become a two-way street. We are exposed to a constant stream of data every day—consuming it from social networks, mobile phones, PDAs, the Internet and other sources. But we also give back. Data is collected from each interaction with technology. These massive...

December 2011 – February 2012, Practical Solutions

All Politically Exposed Persons are Local

December 1, 2011April 8, 2015 /Leave a comment

The term "politically exposed person" generally includes a current or former senior foreign political figure, their immediate family and their close associates. Interagency guidance issued in January 2001 offers banks resources that can help them to determine whether an individual is a PEP. More specifically:...

December 2011 – February 2012, Practical Solutions

Checklist vs. Methodology: Leveraging the Tenets of EDD in AML Investigations

December 1, 2011April 8, 2015 /Leave a comment

Driven by calls from regulators and the need to find more cost effective ways to comply with regulatory reporting requirements, financial institutions are adopting a risk-based approach to anti-money laundering (AML) and terrorist financing (TF) investigations. A risk-based approach requires a change in mindset and...

Practical Solutions, September 2011 – November 2011

PICs in the Midst

September 2, 2011April 9, 2015 /Leave a comment

It is clear that private investment companies (PICs) are one of the most scrutinized financial planning vehicles on the anti-money laundering risk scale. They are defined in the U.S. FFIEC BSA/AML Examination Manual, along with all variations of the business entities spectrum. The manual defines...

Fraud, Practical Solutions, September 2011 – November 2011

Financial Crimes Convergence—The Case for Integrating Fraud and Anti-Money Laundering Processes

September 2, 2011April 26, 2024 /Leave a comment

The perfect storm of heightened regulatory pressures and sophisticated, high-velocity fraud attacks have created an opportunity for fraud and compliance departments to pool budgets and resources, as well as adopt new technologies to reduce financial and reputational risk exposure. The purpose of this article is...

Practical Solutions, September 2011 – November 2011

Combating Organized Crime the Old Fashioned Way: An Al Capone Study

September 2, 2011April 9, 2015 /Leave a comment

Most major cities around the world have assigned groups of law enforcement officers to identify, target and dismantle Organized Crime Syndicates. Usually, the overall thrust of the police's efforts is to take down an OCS through the arrest and conviction of its leaders. Often it...

Practical Solutions, September 2011 – November 2011

Top 10 Cyber Awareness Tips for the AML Professional

September 2, 2011April 9, 2015 /Leave a comment

In the 10 years since the Association of Anti-Money Laundering Specialists' (ACAMS) birth, digital technology has grown exponentially. This technology has given the AML professional access to a wide array of research, analysis and reporting capabilities that are critical to operations and compliance with AML...

Practical Solutions, September 2011 – November 2011

Customer Due Diligence: Regulatory cost or the cornerstone of good business?

September 2, 2011April 9, 2015 /Leave a comment

Customer due diligence (CDD) is the cornerstone for all BSA/AML programs, a core principle of the 3rd EU Money Laundering Directive, and a common requirement under all AML regimes irrespective of geography. In the last year, the regulatory focus on CDD has increased considerably. As...

June 2011 – August 2011, Practical Solutions

Successful MSB Compliance: Demystifying the Independent Review

August 29, 2011May 28, 2015 /Leave a comment

No matter if you are new to the Money Services Business (MSB) compliance world or are a seasoned professional, facing an audit can be challenging. While 31 U.S.C. Section 5318(h) of the Bank Secrecy Act (BSA) states that every MSB is required to have an...

June 2011 – August 2011, Practical Solutions

Deal or No Deal? Winning Moves with Vendors, Consultants and Other Service Providers

August 29, 2011May 28, 2015 /Leave a comment

We love to hate them: shady purveyors of data, software and services who invariably do not meet our standards for quality, timeliness or customer service. To add insult to injury, they also charge us much more for their time, effort and results than our staff...

ACAMS Today

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

A growing concern in Brazil’s digital gambling market

Angela Salter: The CAMS Evolution

A new era in financial crime prevention partnerships

Public-private partnerships in SAR optimization

Meme coin mania and mayhem: Navigating the blind spots

Steps FIs can take to improve working with LE

Practical Solutions

From Terabyte to Petabyte: Finding the Bad Guys in the Age of Big Data

All Politically Exposed Persons are Local

Checklist vs. Methodology: Leveraging the Tenets of EDD in AML Investigations

PICs in the Midst

Financial Crimes Convergence—The Case for Integrating Fraud and Anti-Money Laundering Processes

Combating Organized Crime the Old Fashioned Way: An Al Capone Study

Top 10 Cyber Awareness Tips for the AML Professional

Customer Due Diligence: Regulatory cost or the cornerstone of good business?

Successful MSB Compliance: Demystifying the Independent Review

Deal or No Deal? Winning Moves with Vendors, Consultants and Other Service Providers