Law enforcement (LE) is the backbone for solving financial crimes. As more regulations and legislation pass, it is crucial for anti-financial crime experts to stay up to date to prevent, mitigate and report financial crimes. With the Badge Bulletin, you can learn from LE officials, agents and experts about the latest schemes, typologies, methods for reporting and more.
Our regular contributors are Steve Gurdak, who has more than 30 years of police and supervisory experience, and Ray Villanueva, who has 29 years of law enforcement and investigative experience. If you would like to contribute to this column or have any topics you would like to suggest, email editor@acams.org.
Currently, financial institutions (FIs) and private sector corporations are investing in scaling solutions that will expand anti-money laundering (AML) efforts, improve suspicious activity detection and enhance loss prevention systems. These efforts will simultaneously increase efficiency with minimal impact on operations. In the game of profitability,...
Public-private partnerships are all the rage these days. It seems one cannot scroll social media or flip through industry magazines without seeing references to public-private partnerships. And rightly so. As Kenneth A. Blanco, chief compliance officer for the Financial Crimes Unit at Citigroup and former...
You may be asking yourself, “Why is someone from the Internal Revenue Service Criminal Investigation (IRS-CI) division writing about the cyber world?” Well, let us put it this way: As money moves around the world, IRS-CI is following the money used by criminals to build...
As the registered investment advisery sector continues to grow, so do regulatory expectations. Effective in 2026, registered investment advisers (RIAs) will be considered “financial institutions” (FIs) according to a final rule recently issued by the Financial Crimes Enforcement Network (FinCEN). The final rule1 will require...
Cross-border financial criminal activity―in which transnational criminal organizations (TCOs), money launderers, oligarchs, kleptocrats and other criminals employ international financial schemes to launder money, conceal their illicit funds and disguise the identity of the owners of that money―is rampant in the world’s financial system today. In...
Anthony Salisbury, special agent in charge for Homeland Security Investigations Miami and also where Miami El Dorado Financial Crimes Task Force-South is housed, spoke with Karla Monterrosa-Yancey, editor-in-chief of ACAMS Today. With extensive experience working in federal law enforcement (LE), Salisbury has worked with the U.S....
The involvement of corporations in fraudulent activities and financial crimes for their own benefit or for the benefit of an external party is not a new phenomenon. Some of the most common types of fraud and financial crimes in which corporations take part include money...
As a seasoned anti-money laundering (AML) expert specializing in high-risk sectors, I have witnessed firsthand the sophisticated money laundering methods employed by criminals to profit from their illicit activities. However, my recent experience at the Drug Enforcement Administration (DEA) St. Louis Division, Kansas City District...
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...
The article titled “FinCEN’s AML and Terrorist Financing Priorities: An Introduction,” featured in the June-August 2022 edition of ACAMS Today,1 shared general thoughts, basic definitions and practical examples on each of the national anti-money laundering (AML) and counter-terrorist financing (CTF) priorities. This was followed by...
