June - August 2021 Archives

June - August 2021, Staff Notes

Data Analytics and a Good Old-Fashioned Investigation

June 25, 2021 /Leave a comment

This article covers two case studies where a bank effectively deployed data analytics as part of an anti-money laundering (AML) investigation. One case relates to potential online streaming of child sexual abuse and exploitation (CSAE) and the second case relates to potential terrorist financing....

June - August 2021, Staff Notes

Cashless Societies: Changing Times for AML Professionals

June 25, 2021 /Leave a comment

Cashless societies have become less of an abstract idea and more of a tangible reality since the outset of the COVID-19 pandemic. The lockdown restrictions around the world have significantly impacted the way transactions take place. The so-called “new normal” has left fewer opportunities...

June - August 2021, Regulatory Initiatives

Four Ways the AMLA Will Reduce Compliance Risk and Costs

June 25, 2021April 14, 2022 /Leave a comment

Either by explicit design or indirectly, several provisions in the Anti-Money Laundering Act of 2020 (AMLA)1 are expected to reduce compliance costs and compliance risks2 for banks, capital markets firms and other financial institutions (FIs) subject to BSA compliance program requirements. Congress has previously acknowledged...

June - August 2021, Practical Solutions

Deep Into the Weeds: Cannabis and Compliance

June 25, 2021 /Leave a comment

One of the few highlights in the U.S. economy in 2020 was the skyrocketing sales of legal cannabis, with the average store revenue increasing by 52% to 130% across the nation1 despite the industry’s unsure regulatory footing. Cannabis that is not classified as hemp...

June - August 2021, Member Spotlight

John F. Tobon, CAMS—HI, USA

June 25, 2021 /Leave a comment

In his position as special agent in charge for Homeland Security Investigations (HSI) in Honolulu, John F. Tobon oversees criminal investigations in an area of responsibility encompassing the five island counties of the state of Hawaii, four U.S. territories, three freely associated states and 12...

June - August 2021, Member Spotlight

Orlando León, CAMS—AZ, USA

June 25, 2021 /Leave a comment

Orlando León is a Bank Secrecy Act (BSA) compliance and bank operations professional. He was recently promoted to senior operations manager at Western Alliance Bank. Previously, León was Western Alliance Bank’s know your customer (KYC) enhanced due diligence (EDD) manager, where he was responsible for...

June - August 2021, Member Spotlight

Alicia Hurd, CAMS, J.D.—TX, USA

June 25, 2021 /Leave a comment

Alicia Hurd, CAMS, J.D., has over 15 years of regulatory compliance experience in the financial services industry. She is currently the head of compliance for the Policy and Program Office at MoneyGram International, Inc. (MoneyGram) in Dallas, Texas. Hurd manages global teams in the areas...

June - August 2021, Meet the ACAMS Staff

Heather Carroll: An E-Learning Pioneer

June 25, 2021 /Leave a comment

ACAMS Today interviewed Heather Carroll to discuss her career in instructional design and the most important component of a certificate/certification. Carroll joined the ACAMS Product Development team in September 2016. She initially worked on the team that pioneered ACAMS’ Certificate courses, including Anti-Bribery and Corruption...

Greater St. Louis Chapter, June - August 2021, Know Your Chapter

Greater St. Louis Chapter: Gateway to the West

June 25, 2021 /Leave a comment

The ACAMS Greater St. Louis Chapter is proud to support its community through learning and networking events. Did you know that St. Louis ranks 13th in the U.S. as one of the headquarters for Fortune 500 companies and that St. Louis is also the base...

Global Financial Crime Review, June - August 2021

Dollarization: Fueling Zimbabwe’s Looting Machine

June 25, 2021 /Leave a comment

Narcotics traffickers in Colombia and Mexico invented and improved the Black Market Peso Exchange (BMPE), making it arguably one of the largest money laundering schemes in the world. In a variant of the BMPE, Zimbabwean cartels exchange money on the black market to move...

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

June – August 2021

Data Analytics and a Good Old-Fashioned Investigation

Cashless Societies: Changing Times for AML Professionals

Four Ways the AMLA Will Reduce Compliance Risk and Costs

Deep Into the Weeds: Cannabis and Compliance

John F. Tobon, CAMS—HI, USA

Orlando León, CAMS—AZ, USA

Alicia Hurd, CAMS, J.D.—TX, USA

Heather Carroll: An E-Learning Pioneer

Greater St. Louis Chapter: Gateway to the West

Dollarization: Fueling Zimbabwe’s Looting Machine