Issues Archives - Page 114 of 116

AFC Challenges, September – November 2012

The Challenges of First Generation Rules

September 13, 2012March 6, 2015 /Leave a comment

Rules or detection scenarios are at the heart of an anti-money laundering (AML) software solution. It is through rules and profiling that a compliance group is alerted to suspicious activity. Yet many systems rely on rules that were developed over 10 years ago. These first...

AFC Challenges, September – November 2012

The Heat is On: New and Revised Pressures for AML Compliance

September 13, 2012March 6, 2015 /Leave a comment

Do all of the requirements across global and local authorities make your head spin? They certainly have accumulated over the past 10 years. This year alone, the activity level has been high among global policy-making bodies working through new guidance and pending rules. With the...

Practical Solutions, September – November 2012

The Need for Improvement

September 13, 2012March 6, 2015 /Leave a comment

With changing regulation, increasing market competition and consolidation—especially within the context of the current financial crises, banks and other financial institutions need to better manage risk, reduce cost and increase revenues. Know Your Customer (KYC) is a niche business process and is often costly and...

From the Executive Vice President, September – November 2012

We Can All Do Better—ACAMS Can Help

September 13, 2012March 6, 2015 /Leave a comment

In the United States, we are in the midst of a presidential election year and many are bemoaning the lack of civility in public discourse. With all of the many avenues of communication ("including those known as social media") it seems that competing (and sometimes...

Compliance, September – November 2012

Reengineering Compliance Strategies as a Counter-Crisis Measure

September 13, 2012March 6, 2015 /1 Comment

During the last two decades, the global communities' efforts in the fight against international crime organizations have been exponentially increased as far as property, capital seizure and control are concerned. Unfortunately these efforts have not had the desired effect when it comes to the movement...

December 2011 – February 2012, Member Spotlight

Christine Feldpausch, CAMS—Richmond, Virgina, USA

December 9, 2011April 8, 2015 /Leave a comment

Christine Feldpausch is currently a compliance officer at Cary Street Partners LLC, an investment banking and wealth management firm in Richmond, Virgina. Her duties include supporting the firm’s AML and Fraud Detection Programs. Feldpausch also assists in managing the AML and compliance training of the...

December 2011 – February 2012, Member Spotlight

Will Voorhees, CAMS—Santa Clara, California, USA

December 8, 2011April 8, 2015 /Leave a comment

Will Voorhees is the director of the Financial Intelligence Unit at SVB Financial Group, a Silicon Valley-based, international financial institution that serves technology, life science and venture capital markets. SVB operates globally with offices in the U.S., UK, Cayman Islands, India, Israel and China. Voorhees...

December 2011 – February 2012, Meet the ACAMS Staff

Director of Sales

December 1, 2011April 8, 2015 /Leave a comment

ACAMS Today caught up with Geoff Fone, director of sales for an informative interview. Fone was born and raised in the UK. After studying International Business in London, Fone joined Reed Elsevier, a leading global publishing company as sales manager with global territorial responsibilities. During...

Aspects of APAC, December 2011 – February 2012

The New Anti-Money Laundering & Counter-Terrorist Financing (Financial Institutions) Ordinance in Hong Kong

December 1, 2011April 8, 2015 /Leave a comment

Being a Financial Action Task Force (FATF) member, Hong Kong is obliged to implement anti-money laundering (AML) requirements promulgated by the FATF, including the 40+9 recommendations. FATF completed a mutual evaluation on Hong Kong's AML regime in 2008, and noted several major deficiencies: Though...

December 2011 – February 2012, Global Financial Crime Review

Indonesia’s Effort to Combat Money Laundering

December 1, 2011April 8, 2015 /Leave a comment

Despite Indonesia's overall success in eradicating the country of Islamic terrorists and implementing tougher AML and counter terrorist financing (CTF) laws, it continues to be closely monitored by the Financial Action Task Force (FATF). The country faces particular challenges in combating its large-scale illegal timber...

ACAMS Today

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

Creating the Next Wave for Fighting Financial Crime, With FINTRAC’s Sarah Paquet

Fintech and Australia

FinCEN’s Transnational Criminal Organization Activity Policies

Dissecting the Mafia: Apulia’s Sacra Corona Unita

Qatargate: Uncovering Corruption

Matt Zweig on the Dynamics of U.S. Congressional Sanctions Policy

Issues

The Challenges of First Generation Rules

The Heat is On: New and Revised Pressures for AML Compliance

The Need for Improvement

We Can All Do Better—ACAMS Can Help

Reengineering Compliance Strategies as a Counter-Crisis Measure

Christine Feldpausch, CAMS—Richmond, Virgina, USA

Will Voorhees, CAMS—Santa Clara, California, USA

Director of Sales

The New Anti-Money Laundering & Counter-Terrorist Financing (Financial Institutions) Ordinance in Hong Kong

Indonesia’s Effort to Combat Money Laundering