Issues Archives - Page 126 of 148

due diligence, ACAMS, ACAMS due diligence

AFC Challenges, September 2013 - November 2013

Redefining Due Diligence: A Paradigm Shift for AML/BSA Compliance

September 4, 2013September 4, 2015 /Leave a comment

Money laundering, terrorist financing and fraud pose an increasing threat to the integrity of the world's financial systems. The Bank Secrecy Act (BSA) of 1970, sometimes referred to as the anti-money laundering (AML) law, requires financial institutions in the United States to assist U.S....

AFC Challenges, September 2013 - November 2013

Courage in Compliance

September 4, 2013February 26, 2015 /Leave a comment

This is the true and compelling real-life story of a Bank Secrecy Act (BSA) and bank compliance officer. She had been recently hired by a small community bank. Shortly into her tenure at the bank, she realized something was seriously wrong. The compliance officer...

Aspects of APAC, September 2013 - November 2013

The case for centralized KYC

September 4, 2013February 26, 2015 /Leave a comment

As the cost of addressing new regulations eats away at profit margins and regulators impose record fines, financial institutions (FIs) are actively seeking new solutions to reduce costs whilst raising standards of compliance. For more than a decade, many have consolidated operations into global...

Person diving image with a background of flags throughout the world, ACAMS Today

Featured Articles for App Home, Practical Solutions, September 2013 - November 2013

A deep dive into country risk assessment

September 4, 2013September 4, 2015 /1 Comment

Bank Secrecy Act/Anti-Money Laundering (BSA/AML) and sanctions compliance risk assessments are an ongoing challenge to many financial institutions, regardless of their size or scale of operations. When institutions reach or exceed their inherent risk tolerance for offshore risk exposure and the level of risk...

Flags of Canada and antique chainrs for ACAMS Article

Global Financial Crime Review, September 2013 - November 2013

Canada 2013: The Fight Against Financial Crime Continues

September 3, 2013February 26, 2015 /Leave a comment

The Appropriate Balance Between the Sharing of Information and the Protection of Personal Information It has been a couple of years since I wrote on the landscape in Canada. Over the last several months Canadians have been shown example after example of allegations of...

Interviews, Riveting Reads, September 2013 - November 2013

Kenneth Rijock: Author of The Laundry Man

August 28, 2013April 4, 2018 /3 Comments

Rob Goldfinger had the opportunity to speak with Miami financial crime consultant Kenneth Rijock, whose first-person story, The Laundry Man details his decade as a career money launderer. Robert Goldfinger: In your book, The Laundry Man, you give a fascinating account of your journey from...

Member Spotlight, September 2013 - November 2013

Samah Fadhil Sukkar—Amman, Jordan

August 28, 2013May 29, 2015 /2 Comments

Samah Fadhil Sukkar is the head of compliance of Alrowad Exchange and has been with the company for six years. Alrowad Exchange is one of the leading companies to intermediate the selling and purchasing of foreign currencies and transfers in Jordan and Iraq. Sukkar has...

Aspects of Asia Chinese, September 2013 - November 2013

集中式客户身份识别的案例

August 28, 2013June 26, 2017 /Leave a comment

June – August 2013, Member Spotlight

Orasa Shirley Patterson, CAMS—Tampa, Florida

June 5, 2013May 29, 2015 /Leave a comment

Orasa Shirley Patterson is a senior AML compliance analyst at Citigroup in Tampa, Florida. Patterson supports the Periodic Transaction Review (PTR) by analyzing transactions and transaction patterns related to Foreign Correspondent Bank client activity. Patterson assists in boosting the robust KYC processes, ensuring Citi’s compliance...

June – August 2013, Member Spotlight

Robert Hawkes Whitby—ON, Canada

June 4, 2013May 29, 2015 /Leave a comment

Robert Hawkes’ career spans 23 years in police service. He is a member of the Durham Regional Police Service, Intelligence Unit—Asset Forfeiture and the team leader for the Provincial Asset Forfeiture Unit. In the last eight years he has been assigned to the Proceed of...

ACAMS Today

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

Three Ways AI Is Augmenting AML Programs

Enlisting AI in the Fight Against Financial Crime, With Jennifer Shasky Calvery

Assembly Chatter with ACAMS Today: Sanjeev Menon

Giles Thomson on U.K. Sanctions Priorities and Enforcement

Four Questions: Advice From a BSA/OFAC Officer

NPOs: Risk for Suspicious Activity

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