Exclusive

Compliance, Exclusive, June - August 2019

Is all crypto created equal?

June 26, 2019July 1, 2019 /Leave a comment

Cryptocurrency—a word that strikes fear in the heart of many antimoney laundering (AML) compliance professionals. After all, the root derives from the Greek word kryptos, meaning hidden,1 and the technology has been linked to both notorious criminal marketplaces like the Silk Road2 and numerous...

Acams Today Europe, AUFGABEN DER GELDWÄSCHEPRÄVENTION, Deutsche, Exclusive, May - June 2019

Handelsbasierte Geldwäsche– Risikofaktoren und Sorgfaltspflichten

June 1, 2019June 6, 2019 /Leave a comment

Das seit dem 30. November 1993 in Deutschland geltende Gesetz über das Aufspüren von Gewinnen aus schweren Straftaten (Geldwäschegesetz—GwG) wurde zum 21. August 2008 neu gefasst und später durch das Gesetz zur Optimierung der Geldwäscheprävention (Geldwäscheoptimierungsgesetz—GwOptG) geändert, welches am 29. Dezember 2011 bzw. 31. März...

Acams Today Europe, Exclusive, Français, LAB – DÉFIS, May - June 2019

Liaisons Dangereuses: 5AMLD et EDD

June 1, 2019June 5, 2019 /Leave a comment

La cinquième Directive anti-blanchiment de l’Union européenne (5AMLD),1 entrée en vigueur le 9 juillet 2018, devra être mise en oeuvre par les États membres d’ici janvier 2020. Les entreprises affectées par cette nouvelle directive, les entités concernées, sont confrontées à de nouveaux défis en...

Exclusive, Understanding AI

How AI-Driven Social Media Monitoring for AML Works: Part 1

May 31, 2019June 3, 2019 /Leave a comment

Most have an opinion—or several—about social media. How and why these networks have importance and influence is up for debate. What is not debatable is that social media platforms share useful information and these platforms do have influence. Compromising photos, information leaks and viral...

Community Banking Corner, Exclusive

Community Bankers’ Outlook in 2019

May 21, 2019 /Leave a comment

The mandatory implementation of the Customer Due Diligence (CDD) Final Rule, including beneficial ownership compliance, made 2018 quite the year for the anti-financial crime community. As regulators continue to focus on compliance to the Rule in 2019, banks will feel the impact of these...

Exclusive, Understanding AI

The Art of the Possible: AI’s Limits

April 24, 2019May 1, 2019 /Leave a comment

Artificial intelligence (AI) is everywhere. From consumer products like voice assistants and music recommendations to commercial applications for data management as well as email marketing—the technology has arrived and there is much more on the way. AI is driving vehicles, authoring articles and translating...

Europe, Exclusive, Global Financial Crime Review, March - May 2019

Status of the European AML Framework

March 28, 2019April 3, 2019 /Leave a comment

In an attempt to improve the integrity, stability and sustainability of the European financial markets, legislators are storming ahead with regular revisions of the European Union’s (EU) anti-money laundering (AML) and criminal law framework. In 2018, a record number of actions were undertaken by the...

Exclusive

Dennis M. Lormel’s Testimony Before the Subcommittee on National Security, International Development, and Monetary Policy

March 26, 2019 /Leave a comment

Good afternoon Chairman Cleaver, ranking member Stivers and distinguished members of the subcommittee. Thank you for holding this hearing and for giving me the opportunity to testify before you today. I applaud the subcommittee for taking a leadership role in promoting and considering legislative enhancements...

Exclusive, Practical Solutions

Conceptual Soundness Leading Practices for AML and Sanctions Screening Model Validations

February 4, 2019February 4, 2019 /Leave a comment

Conceptual soundness is one of the three pillars of the model risk-management-validation framework. According to the model validation guidelines issued by the Office of the Comptroller of the Currency (OCC)—Supervisory Guidance On Model Risk Management and the Federal Reserve Board as OCC 2011-12 and...

Exclusive

It is Time to Arm Financial Institutions with Weapons to Fight Human Trafficking

January 9, 2019January 10, 2019 /Leave a comment

Today's technology enables people to do more in one second than most could have ever imagined. With the click of a button, money can be transferred, users can search billions of websites, and messages can be sent instantaneously around the world. Access to knowledge, people...

ACAMS Today

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

Protecting the Elderly from Financial Abuse with Elizabeth Loewy

The Rising Menace of Elder Financial Abuse

Counterfeit Jewelry—Spotting a Fake

Legal Restitution as a Financial Intelligence Methodology

Dynamic Dialogue: The Ops Plan of a Successful Interview

Is all crypto created equal?

Handelsbasierte Geldwäsche– Risikofaktoren und Sorgfaltspflichten

Liaisons Dangereuses: 5AMLD et EDD

How AI-Driven Social Media Monitoring for AML Works: Part 1

Community Bankers’ Outlook in 2019

The Art of the Possible: AI’s Limits

Status of the European AML Framework

Dennis M. Lormel’s Testimony Before the Subcommittee on National Security, International Development, and Monetary Policy

Conceptual Soundness Leading Practices for AML and Sanctions Screening Model Validations

It is Time to Arm Financial Institutions with Weapons to Fight Human Trafficking