Special for the Web

Practical Solutions, Special for the Web

Consortium for Financial Access

June 20, 2019June 20, 2019 /Leave a comment

Consortium for Financial Access outlines the current difficulties NPOs face with the restricted financial access as well as moving funds internationally. This useful guidance document provides recommendations for governments and financial regulators that are intended to address the difficulty NPOs have in establishing and maintaining...

Acams Today Europe, Compliance, May - June 2019, Special for the Web

The Rise of Cloud in Compliance

May 21, 2019June 4, 2019 /Leave a comment

The last 18 years have seen financial institutions (FIs) create and deploy money laundering detection and prevention defences in response to regulatory demands. The means by which FIs achieve this task have stayed the same for decades. Institutions will go to the market, scan...

Career Guidance, Special for the Web

The Importance of Emotional Intelligence in Your Compliance Officers

May 21, 2019May 22, 2019 /Leave a comment

In order to dive into the importance of emotional intelligence, it is imperative to understand the concept first. Emotional intelligence really took off in the ‘90s when Daniel Goleman released his best-selling book, Emotional Intelligence: Why It Can Matter More Than IQ. Conversations quickly arose...

Career Guidance, Special for the Web

First Impressions: The Resume vs. The Job Description

May 8, 2019May 7, 2019 /Leave a comment

Job descriptions are the unsung heroes in the world of employment. Job descriptions have the ultimate power to fulfill or disappoint both job seekers and hiring managers. The purpose of job descriptions is to sum up the life and career of an anti-money laundering...

Compliance, Special for the Web

Fyre Island Fraud: What Is Missing From the Documentaries?

April 8, 2019April 8, 2019 /Leave a comment

Anti-money laundering (AML) compliance professionals are taught to read between the lines. The role involves gathering information directly from the source and doing independent research to offer firms a holistic view of clients who may be onboarded. The characteristics of an investigator must be inhabited...

General Diversity at the Office: The Greatest Opportunity for Knowledge Sharing

Career Guidance, March - May 2019, Special for the Web

Generational Diversity at the Office: The Greatest Opportunity for Knowledge Sharing

March 28, 2019 /Leave a comment

Every day, when we log in to our work computers, walk through the front door of our offices or dial into a global conference call, we are each representing one of up to five different generations that make up today’s workforce. Generational diversity is...

Special for the Web

2019 U.N. North Korea Panel of Experts Report: Takeaways for Financial Institutions

March 27, 2019May 7, 2019 /1 Comment

The United Nations (U.N.) North Korea Panel of Experts1 report released this month confirms that North Korea continues to evade U.N. sanctions.2 The implementation of financial sanctions remains one of the main challenges for governments and financial institutions around the world. The report provides valuable...

Career Guidance, Special for the Web

Imposter Syndrome—A Different Type of Fraud

March 13, 2019March 19, 2019 /3 Comments

The anti-money laundering (AML) and anti-financial crime professions have been growing at an amazing rate. The tragic events on 9/11, improved money laundering technologies, the Great Recession and increased regulatory scrutiny are just a few of the causes leading to implementation of more robust...

Compliance, Special for the Web

The Regulators Have Spoken: Technology Leads to Effective BSA/AML Compliance

February 13, 2019 /Leave a comment

A U.S. Department of the Treasury working group composed of top regulatory agencies has put out a call for Bank Secrecy Act/anti-money laundering (BSA/AML) compliance to become more effective, affordable and sustainable.1 The group includes the Financial Crimes Enforcement Network (FinCEN), the Federal Reserve...

AML Challenges, Special for the Web

Emerging Financial Crime Threats for 2019

January 30, 2019February 5, 2019 /Leave a comment

The first quarter of the 21st century is closing in—but for financial crooks, some things never change. Bank robbing, money laundering and even pickpocketing1 are as popular as ever and many of the old scams have been made much easier, thanks to the internet. Modern-day...