September – November 2022

Time to Come Together on Crypto Regulation
From the Director of Editorial Content, September - November 2022

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Despite the failures of several cryptocurrency exchanges last spring, including several platforms dedicated to creating or trading stablecoin, resistance to reasonable regulatory oversight remains strong. The push against regulation continues even as institutions and wealthy individuals have begun buying crypto and traditional financial institutions have...
Fintechs: The Evolution of Traditional AML
ACAMS Connection, AFC Challenges, Caribbean Catch-Up, September - November 2022

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The financial technology (fintech) industry is growing exponentially throughout the world as it assists consumers in saving and transacting in an aggressively evolving digital world. Recent discussions on fintech have become extremely popular due to the potential impact it has on the entire financial system....
Key Challenges in the KYC Space and How to Address Them
ACAMS Connection, AFC Challenges, September - November 2022

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The know your customer (KYC) process is perhaps the most critical aspect of anti-money laundering (AML) compliance, as it enables all other facets of AML, including transaction monitoring, suspicious activity report filings and sanctions screening. Indeed, the Financial Crimes Enforcement Network (FinCEN) has deemed KYC’s...
ACAMS Connection, AFC Policy, Badge Bulletin, Featured Column, September - November 2022

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The article “FinCEN’s AML and Terrorist Financing Priorities: An Introduction,”1 featured in the ACAMS Today 12th Law Enforcement edition, shared general thoughts, basic definitions and practical examples on each of the national anti-money laundering (AML) priorities. This article, the second of the series, will discuss...