Special for the Web Archives

March - May 2020, Special for the Web, Understanding AI

Is This AI System For Me?

March 10, 2020 /Leave a comment

It has been almost two years since the Understanding AI column debuted on ACAMSToday.org. In that brief span of time, the technology has gone from fringe to fixture in the minds of anti-financial crime professionals. Dedicated artificial intelligence (AI) solutions are now commonplace and...

Regulatory Initiatives, Special for the Web

Title Companies: Expanding Regulatory Territory

February 25, 2020February 26, 2020 /Leave a comment

This is the first of two articles unraveling the complicated risk exposure that unregulated industries present to the regulated institutions that bank them. More anti-money laundering (AML) regulations could reduce regulatory burden for financial institutions if these new regulations are applied to industries that do...

Compliance, Special for the Web

NYDFS’ Proposed Virtual Currency Guidance Could Doom Privacy Coins

January 30, 2020February 5, 2020 /Leave a comment

Several months after the New York Department of Financial Services (NYDFS) announced that it would re-examine its controversial BitLicensing requirements, NYDFS posted its “Proposed Guidance Regarding Adoption or Listing of Virtual Currencies” to address the total lack of regulation in this area. The proposed guidance,...

Special for the Web

The Inaugural ACAMS Caribbean Conference Poll Results

January 10, 2020January 13, 2020 /Leave a comment

The Association of Certified Anti-Money Laundering Specialists (ACAMS) held its inaugural ACAMS Annual International AML & Financial Crime Conference—Caribbean on December 9-11, 2019, in Miami, Florida. ACAMS members from all over the Caribbean region and beyond gathered for two days of learning and networking. During...

Career Guidance, Special for the Web

More Than a Resolution

January 1, 2020January 14, 2020 /Leave a comment

There is an easy formula for figuring out how to make good on all of your resolutions to come: clarity + effort = success. What makes keeping resolutions so difficult is defining what you truly want (clarity) and doing all that is in your power...

Compliance, December 2019 - February 2020, Special for the Web

Follow the Money and Then Follow the Behavior

December 19, 2019January 21, 2020 /Leave a comment

There comes a point in any financial crime where the behavior of the main perpetrator begins to work drastically against them. Much of the discussion around behavioral red flags in anti-money laundering (AML) is centered around the client’s initial interaction with a bank and further...

Practical Solutions, Special for the Web

Challenging the Status Quo: Sanctions Screening

December 12, 2019December 12, 2019 /Leave a comment

Sanctions screening, in its current state, is broken. In a time when cars can drive themselves and technology can outperform doctors in diagnosing brain tumors, false positive rates of 90% and above are viewed as acceptable within screening programs. It is time to challenge that...

Special for the Web

Study: Expanding Reward Offerings for Internal Whistleblowers in Indonesia

November 11, 2019 /Leave a comment

On October 7, 2019, the Corruption Eradication Commission (KPK) arrested North Lampung Regent Agung Ilmu Mangkunegara in a bribery case.1 This followed a series of arrests of North Lampung Regency officials in the preceding days. In early July, KPK arrested Riau Islands Governor Nurdin...

AML Challenges, Special for the Web

A Deep Dive Into Scams

October 31, 2019 /Leave a comment

Financial crime professionals spend countless hours educating themselves, their customers, as well as their family and friends about new and trending scams. However, even after all that education, people continue to fall victim to scams. How does this happen? Being a scammer is an...

Europe Express, Special for the Web

Iran’s Pension Funds, Sanctions and the Geofinancial War for the Middle East

October 17, 2019January 14, 2020 /Leave a comment

The urbanity of the regulatory world obscures the financial industry’s geopolitical side. Beneath the boardrooms, behind the conferences and between the lines of regulation lies the reality of the banking industry’s existence as an economic terrain. The recent drone attack and bombing of Saudi Arabia’s...

ACAMS Today

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

Sanctions of Our Time: Iran, Venezuela and the Kingpins

Stop the Money Mules, Protect Your Financial Institution

Managing the High-Risk Cannabis Industry

BSA’s Most Wanted

Fintech: Expanding Regulatory Territory

Special for the Web

Is This AI System For Me?

Title Companies: Expanding Regulatory Territory

NYDFS’ Proposed Virtual Currency Guidance Could Doom Privacy Coins

The Inaugural ACAMS Caribbean Conference Poll Results

More Than a Resolution

Follow the Money and Then Follow the Behavior

Challenging the Status Quo: Sanctions Screening

Study: Expanding Reward Offerings for Internal Whistleblowers in Indonesia

A Deep Dive Into Scams

Iran’s Pension Funds, Sanctions and the Geofinancial War for the Middle East