June - August 2018 Archives - Page 3 of 3

June - August 2018, Member Spotlight

Stuart G. Berman, CAMS, CFE—Chicago, IL, USA

June 26, 2018 /Leave a comment

Stuart Berman began his career as a securities enforcement auditor with the Illinois Securities Department. As an auditor, he specialized in detecting promissory note Ponzi schemes and worked on several multi-million dollar schemes. Berman used this experience toward what would be a long and successful...

From the Editor, June - August 2018

Let the Games Begin

June 26, 2018 /Leave a comment

This year has and continues to be an important one for competition. Earlier this year, the world watched the Winter Olympics in South Korea. June marks the beginning of the World Cup in Russia. Though I have never competed at the level of these...

June - August 2018, Practical Solutions

Challenges and Best Practices Surrounding the BSA/AML Independent Reviews

June 26, 2018 /Leave a comment

Issues involving the independent reviews of Bank Secrecy Act/anti-money laundering (BSA/AML) were amongst the most frequently cited BSA/AML examination findings for community banking organizations by the Richmond Federal Reserve from 2014 to mid-2017. The independent review issues were centered in two primary areas: (1)...

June - August 2018, Practical Solutions

Cybersecurity: Confronting Impersonation Fraud as Banks Reorganize

June 26, 2018July 5, 2018 /Leave a comment

High-profile organizational changes in banks and other financial institutions may present media-savvy fraudsters with opportunities to commit scams on unsuspecting customers. Law enforcement, financial institutions and the government should continuously recalibrate how they partner to address fraud, which could be far too complex for each...

Europe, June - August 2018, Regulatory Initiatives

Regulating a Game Changer—Europe’s Approach to Cryptocurrencies

June 26, 2018June 27, 2018 /Leave a comment

Cryptocurrencies are seen as bringing innovation to the payments-services sector; furthering financial inclusion; and facilitating greater efficiency in cross-border transactions. However, as with other financial products and services, cryptocurrencies are also exposed to financial crime risks. The following article provides some background in relation to...

June - August 2018, Practical Solutions

Real Considerations for Law Enforcement in Seizing Virtual Currency

June 26, 2018December 20, 2018 /Leave a comment

Myths continue to girdle virtual (crypto) currencies, including that they are anonymous and exclusively used by criminals to purchase items on the darknet or to launder money. Bitcoin is most commonly associated with these myths, despite the fact that it is not anonymous, but rather...

June - August 2018, Practical Solutions

Are you missing the smoking gun?

June 26, 2018December 20, 2018 /Leave a comment

As techniques, typologies, schemes and conduits used for money laundering and terrorist financing become more complex, sophisticated and less transparent, the ability to prove an individual(s) is criminally culpable will continue to be a challenge faced by attorneys, law enforcement and criminal investigators throughout...

ACAMS Today

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

Matthew S. Axelrod on the Critical Importance of Export Controls

AFC Developments Addressed at the Assembly Hollywood

David Mortlock on Sanctions Enforcement and Asset Recovery

Europe’s PEP List Debate

Russian Sanctions: Hitting the Target or Missing the Mark?

The Missing Pieces in Financial Crime Investigations

June – August 2018

Stuart G. Berman, CAMS, CFE—Chicago, IL, USA

Let the Games Begin

Challenges and Best Practices Surrounding the BSA/AML Independent Reviews

Cybersecurity: Confronting Impersonation Fraud as Banks Reorganize

Regulating a Game Changer—Europe’s Approach to Cryptocurrencies

Real Considerations for Law Enforcement in Seizing Virtual Currency

Are you missing the smoking gun?