Exclusive Archives - ACAMS Today

A Primer on the Pandora Papers

October 8, 2021October 8, 2021 /Leave a comment

The Pandora Papers were released by the International Consortium of Investigative Journalists (ICIJ) on October 3, 2021, and consisted of 11.9 million records, of which over 6 million were paper files. Out of all the prior leaks from the ICIJ, the Pandora Papers is the...

AML Policy, Exclusive

Investment Funds and the U.S. Corporate Transparency Act

September 23, 2021 /Leave a comment

As mentioned in the “Investment Funds and AML” article published in the ACAMS Today Europe May-June 2021 edition,1 investment funds in the U.S. are not subject to the same requirements as financial institutions (FIs) in terms of ownership disclosure like they are in the...

Compliance, Exclusive

Targeting Generational Differences: Turning Fraud Prevention Into Competitive Advantage

September 14, 2021September 20, 2021 /Leave a comment

There is a new twist on the “generation gap” these days―and fraudsters are exploiting it to win, while financial services organizations (FSOs) are mining it for better personalization and competitive differentiation in their product offerings and target markets. Today virtually all FSOs, no matter their...

Back to the Basics, Exclusive

Why Cryptocurrency Matters in the AML World

August 27, 2021August 30, 2021 /Leave a comment

Since Bitcoin’s launch in 2009, cryptocurrency has driven new markets, spurred advancements in financial infrastructure and driven innovative thinking in how to meet the world’s economic needs. However, many stakeholders, including regulators, compliance professionals and law enforcement, still do not understand cryptocurrency or its anti-money...

AML Challenges, Exclusive

Marijuana Banking: The Unique Risks of Doing Business in This Growing Industry

August 16, 2021August 19, 2021 /Leave a comment

As states continue to legalize medical and recreational marijuana, a complex regulatory environment exists for both marijuana-related businesses (MRBs) and financial institutions(FIs). With 36 states and the District of Columbia having legalized marijuana in some form—including 14 states and the District of Columbia legalizing...

Exclusive, Practical Solutions

Four Important Digital Fraud Lessons for Your Employees

August 5, 2021 /Leave a comment

The move to remote working (prompted by COVID-19) has compounded the difficulty of running a business. Many companies will remain remote after the pandemic is behind them, and keeping a remote team working effectively takes great skill. The biggest concern, though, is cybersecurity. Today’s...

Compliance, Exclusive

Gold and Diamonds on the Blockchain: Fighting Fraud With New Technology

July 26, 2021 /Leave a comment

First it was money, now it is gold and diamonds. Yes, even precious metals have turned digital! Contracts for differences on gold and silver are available to trade with on various cryptocurrency exchanges like CEX.IO.1 Not only metals, but diamonds are now available on...

AML Challenges, Exclusive

Could Blockchain Hacks Mean the End of the Cryptocurrency Era?

July 7, 2021July 22, 2021 /Leave a comment

By now, the myth that cryptocurrency is entirely bulletproof has hit the rocks. Even as crypto hacks become rampant, the “experts” tread the wary path of caution. Coinbase's Brian Armstrong has said1 he could not prove that a mathematical formula to compromise Bitcoin keys does...

AML Challenges, Exclusive

Hide-and-Seek: Layering Illicit Funds Via Securities Trading in the Market

June 14, 2021June 25, 2021 /1 Comment

Picture a chase scene in an action movie: Hounded by the good guy, the bad guy is running between buildings and crossing streets without waiting for red lights. Suddenly, he reaches a market and disappears into the crowd. Similarly, money launderers exploit the financial markets...

Exclusive, Regulatory Initiatives

The AMLA Targets Anonymous US Shell Companies, But Can It Halt Illicit Fund Flows Globally?

May 28, 2021May 28, 2021 /Leave a comment

The U.S. has long had a problem with shell companies, a loophole that has been overlooked in the fabric of its anti-money laundering (AML) regime. The misuse of anonymous shell companies unjustly enriches kleptocrats and criminals, allowing them to dodge taxes, skirt sanctions, as...

ACAMS Today

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

A Primer on the Pandora Papers

Understanding Terror Finance in the 21st Century, With Jessica Davis

Cracking Down on TBML and Terrorist Financing Requires a New Approach

Natalie Soto: Leaning on the AFC Professional Community

Best Crisis Management Practices for Data Breaches: Part Two

The Paycheck Protection Program Fraud

Exclusive

A Primer on the Pandora Papers

Investment Funds and the U.S. Corporate Transparency Act

Targeting Generational Differences: Turning Fraud Prevention Into Competitive Advantage

Why Cryptocurrency Matters in the AML World

Marijuana Banking: The Unique Risks of Doing Business in This Growing Industry

Four Important Digital Fraud Lessons for Your Employees

Gold and Diamonds on the Blockchain: Fighting Fraud With New Technology

Could Blockchain Hacks Mean the End of the Cryptocurrency Era?

Hide-and-Seek: Layering Illicit Funds Via Securities Trading in the Market

The AMLA Targets Anonymous US Shell Companies, But Can It Halt Illicit Fund Flows Globally?