September 2020 - November 2020 Archives

ACAMS Connection, September 2020 - November 2020, Tech Scope

Adverse Media Screening Needs AI Truly, Desperately and Immediately

October 5, 2020February 3, 2023 /Leave a comment

This article will not begin with a story that emphasizes how hard adverse media screening (AMS) currently is―the reader is likely well-aware of the difficulty. It will, however, dissect why it is so hard and why artificial intelligence (AI) is the hero for which AMS...

EMEA Connect, September 2020 - November 2020, Staff Notes

Unexplained Wealth Orders―Looking Beyond the Headlines

October 5, 2020February 26, 2021 /Leave a comment

In June 2020, ACAMS partnered with Eversheds Sutherland and published a white paper titled “Unexplained Wealth Orders—Looking beyond the headlines.” This article is an excerpt of the white paper. The full white paper with sources and methodology can be found in the footnotes below.1...

Greater Twin Cities Chapter, Know Your Chapter, September 2020 - November 2020

Cybersecurity, Virtual Learning and COVID-19—Oh My!

October 5, 2020October 5, 2020 /Leave a comment

The ACAMS Greater Twin Cities Chapter hosted the first of a two-part virtual event series exploring cybersecurity on Thursday, June 18, 2020. What was originally scheduled to be an in-person cybersecurity summit and spring learning event evolved as COVID-19 took hold of the Twin...

Meet the ACAMS Staff, September 2020 - November 2020

Justine Walker: Keeping Up With the Pace of Sanctions

October 5, 2020October 8, 2020 /Leave a comment

ACAMS Today interviewed Justine Walker, ACAMS’ head of global sanctions and risk, about her career in anti-financial crime (AFC) and what she enjoys about working at ACAMS. Until December 2019, Walker was the director of sanctions policy at UK Finance. The former chair of the...

ACAMS Connection, Practical Solutions, September 2020 - November 2020

A Practical Approach to PEP Risk Management

October 5, 2020February 3, 2023 /Leave a comment

Managing risk associated with politically exposed persons (PEPs) is increasingly becoming an area of focus among financial institutions (FIs) around the world. This increase is due not only to changing regulatory requirements, but also to headlines that have cast many organizations in an unfavorable light...

Global Financial Crime Review, September 2020 - November 2020

Risky Crypto Remittances in the Philippines

October 5, 2020October 5, 2020 /Leave a comment

Remittances are an essential part of the global economy, particularly in developing economies.1 In the Philippines, overseas remittances formed 10.2% of the country’s GDP in 2018.2 Over 65% of the domestic population, made up of 109 million people, is unbanked.3 Given the cliché in...

Global Financial Crime Review, September 2020 - November 2020

Georgian President Mikheil Saakashvili’s Fight Against Corruption

October 5, 2020October 5, 2020 /Leave a comment

Georgia is a small country in the South Caucasus. In the hills of Tbilisi, a statue of Kartlis Deda (Mother Georgia), stands vigilant, holding a sword to deter foes and a bowl of wine to welcome friends. Unfortunately, Kartlis Deda was unable to defend...

Global Financial Crime Review, September 2020 - November 2020

Venezuela—Blink and You May Miss It

October 5, 2020 /Leave a comment

The COVID-19 pandemic has exposed the best and worst of what governments can do for their citizens. Some nations’ leaders and governmental systems have worked to ensure that the least among their populace can generally survive and (hopefully) thrive with some assistance; others have...

Compliance, September 2020 - November 2020

Criminal Ploy or Jackpot Joy?

October 5, 2020October 5, 2020 /Leave a comment

As there is a paucity of empirical data on money laundering and terrorist financing in the United Kingdom’s (U.K.) online gaming sector, the evidence of actual criminal use in this industry remains sparse. The following Metropolitan Police Service (MPS) analysis seeks to address this...

Compliance, September 2020 - November 2020

Render Unto OFAC

October 5, 2020October 5, 2020 /Leave a comment

When the U.S. Congress enacts sanctions by passing legislation, it is often unwelcome by the executive branch. Such legislation can restrict the flexibility and autonomy of the executive branch in responding to changed diplomatic circumstances when trying to advance U.S. foreign policy goals. That...

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

September 2020 – November 2020

Adverse Media Screening Needs AI Truly, Desperately and Immediately

Unexplained Wealth Orders―Looking Beyond the Headlines

Cybersecurity, Virtual Learning and COVID-19—Oh My!

Justine Walker: Keeping Up With the Pace of Sanctions

A Practical Approach to PEP Risk Management

Risky Crypto Remittances in the Philippines

Georgian President Mikheil Saakashvili’s Fight Against Corruption

Venezuela—Blink and You May Miss It

Criminal Ploy or Jackpot Joy?

Render Unto OFAC