December 2014 - February 2015 Archives - Page 2 of 3

December 2014 - February 2015, Meet the ACAMS Staff

Karen Yau: The Importance of the CAMS Certification

December 9, 2014March 6, 2015 /Leave a comment

Karen Yau joined the Association of Certified Anti-Money Laundering Specialists (ACAMS) in 2011. As the operations manager of the ACAMS Asia Headquarters, she is responsible for maintaining efficient and effective administration and operations at the Asia office, quality customer service and sales support, event...

AFC Challenges, December 2014 - February 2015

Diamonds: A Criminal’s Best Friend

December 9, 2014March 6, 2015 /Leave a comment

I love chatting with customs officials—they have the best stories. They have encountered almost every ingenious way that people try to smuggle contraband across a border. Still, an event last February at Toronto's Pearson International Airport must have raised a few eyebrows. On February...

AFC Challenges, December 2014 - February 2015

The Black Market Peso Exchange Scheme: The Past, Present, and Likely Future

December 9, 2014March 6, 2015 /Leave a comment

The September 10, 2014 federal raid of nearly 70 locations in the Los Angeles Fashion District that led to the historic seizure of $100 million in cash, nine arrests and the unveiling of the U.S. Department of Justice's (DOJs) long-term investigations against several corporations,...

Compliance, December 2014 - February 2015

Terrorist Financing: The Mumbai Bombing, a Case Study in the Possible and Probable

December 9, 2014April 24, 2015 /Leave a comment

Between November 26 and 28, 2008, the world was riveted by an extremely well-planned and executed terrorist attack in Mumbai, India. The Pakistani-based group Lashkar-e-Taiba (LeT) carried out the attack. Ten terrorists, deployed as two man teams, attacked five unsuspecting venues with near simultaneous...

December 2014 - February 2015, Practical Solutions

TPPPs: The Fine Line Between Risk and Effectiveness

December 9, 2014March 6, 2015 /Leave a comment

The inclusion of third-party payment processors, or TPPPs, to a financial institution's portfolio can have a positive impact on that organization's revenue. Conversely, TPPPs can also pose significant risks for money laundering and other regulatory violations if they are not properly managed. Financial institutions...

Conference Review, December 2014 - February 2015

The ACAMS 13th Annual AML & Financial Crime Conference at a Glimpse

December 9, 2014March 6, 2015 /Leave a comment

The ACAMS 13th Annual AML & Financial Crime Conference was a great success on many levels. The conference was held at its now customary location the ARIA Resort and Casino in Las Vegas. ACAMS’ meticulous event planning offered participants an exceptional environment to share...

Aspects of APAC, December 2014 - February 2015

Tax Crime and Reporting: A Convergence?

December 9, 2014March 6, 2015 /Leave a comment

In the article Traffickers, Terrorists and Tax Criminals,1 published in the 2013 Journal of International Banking and Financial Law, I sought to explain the then novel aspects of tax criminality in Singapore, and how it added a new dimension to the counter-terrorist financing/anti-money laundering...

December 2014 - February 2015, Interviews

Recognizing the Class of 2014

December 9, 2014October 21, 2016 /Leave a comment

ACAMS Today had the opportunity to interview the award winners along with two members of the Montréal Chapter advisory board, Sylvain Perreault and Éric Lachapelle. The interview covers topics ranging from how they entered the AML/financial crime prevention field to predictions on industry challenges we...

December 2014 - February 2015, Member Spotlight

Angeli Pereira, CAMS—Doha, Qatar

December 9, 2014May 28, 2015 /Leave a comment

Angeli Pereira, an anti-money laundering/combating financial terrorism (AML/CFT) specialist with a deep regulatory background, is currently a senior associate in the dedicated AML/CFT team at the Qatar Financial Centre (QFC) Regulatory Authority. In this role she is responsible for AML/CFT and financial crime surveillance of...

AFC Challenges, December 2014 - February 2015

Scrapping the Leather for an eWallet

December 9, 2014March 6, 2015 /Leave a comment

Since the first time one person said to another, “I want what you have,” there has been the need for reliable currency. Initially, that currency consisted of a barter system where people traded the goods and/or services they had for things they needed. That eventually...

ACAMS Today

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

Russia’s Hope of Ice Hockey Glory Buried Under Sanctions

Trade Finance Risk and Controls

Is It “Groundhog Day” for Digital Assets?

The Rise of Real Estate Money Laundering

Choppy Waters: Negotiating the Complexities of Sanctions Due Diligence in an Uncertain World

The BSA Tractor

December 2014 – February 2015

Karen Yau: The Importance of the CAMS Certification

Diamonds: A Criminal’s Best Friend

The Black Market Peso Exchange Scheme: The Past, Present, and Likely Future

Terrorist Financing: The Mumbai Bombing, a Case Study in the Possible and Probable

TPPPs: The Fine Line Between Risk and Effectiveness

The ACAMS 13th Annual AML & Financial Crime Conference at a Glimpse

Tax Crime and Reporting: A Convergence?

Recognizing the Class of 2014

Angeli Pereira, CAMS—Doha, Qatar

Scrapping the Leather for an eWallet