June - August 2021 Archives - Page 2 of 3

Compliance, June - August 2021

Origins of an Investigation

June 25, 2021 /Leave a comment

Picture this: Professionals are gathered at an anti-money laundering (AML) conference where cases ripped from the headlines are being presented by senior industry and law enforcement officials. A slideshow with complex overdose maps and drug routes is presented on the jumbotron. Ooohs and ahhs...

Career Guidance, June - August 2021

A Guide to Leadership Success: Elmer Irey and the Six C’s

June 25, 2021 /Leave a comment

Tracing the origins of the U.S. anti-money laundering and Office of Foreign Assets Control regimes undoubtedly will lead back to Elmer Lincoln Irey. Irey is the father of financial crime investigations and the longest serving IRS Criminal Investigation (IRS-CI) chief (1919-1942). He saved the...

Aspects of APAC, June - August 2021

Defining Risk in Sanctions Compliance

June 25, 2021 /Leave a comment

Although enterprises in a variety of sectors—including finance, counseling and even manufacturing—have discussions on “sanctions compliance risk management,” it lacks an academic definition. In the risk management toolkit, the “classical risk model” that has been used for decades explains various risk management strategies in...

Aspects of APAC, June - August 2021

Stimulating Innovation and Change in AML/CTF

June 25, 2021 /Leave a comment

Engaging with emerging technology in anti-money laundering/counter-terrorist financing (AML/CTF)—both addressing its risks and seeking to exploit its potential—has become an increasingly important part of the international agenda in recent years, as it has been featured in the objectives of at least the last four...

AFC Policy, June - August 2021

Letters to FinCEN: Bank Comments on Proposed AML Standards

June 25, 2021June 25, 2021 /Leave a comment

Last September, the Financial Crimes Enforcement Network (FinCEN) requested comments on a proposed regulation in an advanced notice of proposed rulemaking (ANPRM) that would—for the first time—create efficacy standards for anti-money laundering (AML) programs. U.S. regulators have long developed and reinforced the importance of...

AFC Challenges, June - August 2021

Crypto Terrorism: The Virtual Battlefield

June 25, 2021 /1 Comment

When Charles Darwin created his theory: “survival of the fittest,” no one would have thought that man-made threats would take precedence alongside biological and evolutionary threats. Overpopulation, poverty, war and political conflicts have all made human survival more challenging. Global terrorism is another threat...

From the Editor, June - August 2021

Breaking the Cube

June 25, 2021 /Leave a comment

Some of you might remember when the Rubik’s Cube was all the rage. In my house, we had all sorts of puzzles and board games to keep us kids entertained, one of which was the aforementioned Rubik’s Cube. Solving the Cube requires all the colors...

From the Director of Editorial Content, June - August 2021

Digital Assets’ ‘Brave New World’

June 25, 2021 /Leave a comment

Looking back, 2020 was the year of COVID-19, cybercrime and cryptocurrency. The three, of course, are connected. Emboldened by the pandemic, cybercriminals were busy committing fraud, often utilizing cryptocurrencies, not least to receive payment in the many high-profile ransomware attacks that made headlines in 2020...

AFC Challenges, June - August 2021

Soaring to Effective SARs

June 25, 2021August 3, 2021 /1 Comment

The world of the Bank Secrecy Act (BSA) seems to get busier and more intense each year. If BSA was busy and intense before COVID-19, the money from the coronavirus relief bill and the Paycheck Protection Program (PPP) loans has everyone piled up with...

June - August 2021, Practical Solutions

Post-Pandemic: Forging Partnerships for the Fraud War

June 25, 2021June 25, 2021 /1 Comment

When the COVID-19 pandemic hit the globe in late 2019, few thought it would still rage well into 2021.1 As the world faces the prolonged fallout from this virus, law enforcement and other entities are starting to take stock of the future state and...

ACAMS Today

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

Preparing for FinCEN’s Latest Rulemakings and Beyond, With Daniel Stipano and Jamal El-Hindi

Human Trafficking: Detection and Investigations

FinCEN’s Human Trafficking and Human Smuggling Priorities

Why Terrorist Organizations Use Human Trafficking

The Importance of Regular Independent AML Audits

The Nexus Between Terrorism and Human Trafficking

June – August 2021

Origins of an Investigation

A Guide to Leadership Success: Elmer Irey and the Six C’s

Defining Risk in Sanctions Compliance

Stimulating Innovation and Change in AML/CTF

Letters to FinCEN: Bank Comments on Proposed AML Standards

Crypto Terrorism: The Virtual Battlefield

Breaking the Cube

Digital Assets’ ‘Brave New World’

Soaring to Effective SARs

Post-Pandemic: Forging Partnerships for the Fraud War