Exclusive
Risk Assessment in the Great White North
It has been a busy few months for anti-money laundering (AML) professionals in the Great White North: The summer of 2015 kicked off with a fantastic ACAMS conference in Toronto during the month of June, where Canada’s Minister of Finance, the Honorable Joe Oliver,...
Fighting Terrorist Financing: Learning from the Experts
ACAMS’ annual AML and financial crime conference is always filled with valuable information on how to strengthen a Bank Secrecy Act/anti-money laundering (BSA/AML) program, ways compliance and law enforcement can enhance their partnerships, emerging money laundering typologies, new trends, case studies and best practices....
Conflict and Uncertainty: Due Diligence Challenges for Marijuana-Related Businesses
State and federal legislative and regulatory developments regarding marijuana continue to lead headlines across the U.S., with numerous states recently legalizing or beginning to debate potentially legalizing marijuana cultivation, distribution and consumption for medicinal and recreational purposes. Marijuana is now legal in 23 states,...
Integrating Privacy into AML Practice
The collection, processing and transfer of personal information by financial institutions in response to anti-money laundering (AML) requirements worldwide is moving privacy to the forefront of concerns that are being addressed by legislators and regulators. For financial institutions—particularly those with multinational operations—it is becoming...
Election of Vice Chairman for the Egmont Group
During the last Egmont Group plenary meeting that took place in Barbados (7-12 June), Mr. Abdul Hafiz Mansour, the Secretary of the Special Investigation Commission (SIC)-FIU of Lebanon, was elected as Vice Chairman for the Egmont Group (EG). Currently, the Egmont Group comprises Financial Intelligence...
ACAMS Welcomes the New FATF President: Mr. Je-Yoon Shin
Dear Mr. Je-Yoon Shin: On behalf of the Association of Certified Anti-Money Laundering Specialists (ACAMS), please accept our sincere congratulations on your recent appointment as the incoming president of the Financial Action Task Force (FATF). ACAMS is the largest international membership organization dedicated to enhancing...
Help Bring an End to Human Trafficking!
There are more people in slavery today than ever before. This is why the ACAMS Connecticut Chapter is taking action to end human trafficking. So, what exactly is human trafficking? Human trafficking is the practice of modern day slavery in which victims are forced or...
The Rings of Defense Needed to Address the Threats of Terrorism to the Homeland
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...