Special for the Web

Front-Running the Traditional “Three Stages of Money Laundering”—Cuckoo Mining, the New Parasite on the Block

September 26, 2018 /Leave a comment

“A computer in every home” was how, in the early 1980s, Bill Gates described his vision for the future of personal computing. By 2020, it is estimated that the number of connected devices (as many as six per person) will be 50 billion globally.1...

Career Guidance, September - November 2018, Special for the Web

Dealing With Gaps in Your Resume and Employment History

September 18, 2018 /1 Comment

The Great Recession affected all of our careers in different ways. With the right perspective, just keeping one’s job between 2007 and 2010 was a blessing, in and of itself. However, millions of people lost their jobs unexpectedly and were thrown into a saturated...

AML Challenges, Special for the Web

The Future of Correspondent Banking: Collaboration, Innovation and Information Sharing

September 11, 2018 /Leave a comment

“As financial crime challenges such as cybersecurity, AML management and sanctions compliance in a near real-time payments environment continue to evolve, correspondent banks are adapting their models and identifying smarter ways to grow their relationship networks efficiently and securely,” writes SWIFT’s Tony Wicks. "Correspondent...

AML Challenges, Special for the Web

Ancient Art, Contemporary Crimes:
What You Should Know About Money Laundering and Antiquities

August 27, 2018September 4, 2018 /1 Comment

From plundering during the Crusades to Napoleon’s loot of Egypt, antiquities have long been symbols of worldliness and status. In today’s world, antiquities have become go-to investments for art consumers and market speculators. Consumers were so confident in the art market that art acquisitions...

Special for the Web

Your AI Cheat Sheet: Key Concepts in Common Sense Terms

August 14, 2018August 15, 2018 /Leave a comment

Artificial intelligence (AI) is back, in a big way, and this time around it works. AI is being deployed across industries and in many problem areas. Some applications, like autonomous vehicles, appear on the front page of popular media; others are buried deep in the...

Career Guidance, Special for the Web

The Importance of Mentorship

June 19, 2018July 25, 2018 /1 Comment

Have you ever thought about your legacy? Have you ever consciously ruminated and decided on how you want people to think of you? I am not alluding to everyone’s subconscious desire to be liked; I am touching on something greater and more significant. Although we...

Special for the Web

Data Completeness and Integrity Leading Practices for AML and Sanctions Screening Model Validations

June 6, 2018June 7, 2018 /Leave a comment

Demonstrating data completeness and integrity (DC&I) for mission-critical applications is a necessary step for financial services institutions working to address the anti-money laundering (AML) model validation guidelines issued by the Office of the Comptroller of the Currency (OCC)—"Supervisory Guidance On Model Risk Management" and the...

Career Guidance, Special for the Web

Starting a Career in AML

May 22, 2018May 23, 2018 /Leave a comment

I started my career as an agency recruiter in July 2008. I thought everything was going fine until two months later when Lehman Brothers went bankrupt and the U.S. officially joined the Great Recession.1 Honestly, I did not know what a recession was, but I...

AML Challenges, Special for the Web

Five Tips for the Fifth Pillar

April 25, 2018April 24, 2018 /Leave a comment

The Customer Due Diligence (CDD) Final Rule, issued by the Financial Crimes Enforcement Network in 2016, will take effect on May 11, 2018. The Rule codified many of the existing regulatory expectations already associated with a sound due diligence compliance program and established a fifth...

Global Financial Crime Review, Special for the Web

A Global Review of Sanctioned Countries

March 27, 2018April 2, 2018 /1 Comment

The first known use of sanctions dates to 432 BC when General Pericles of Greece imposed sanctions on its neighbor, Megara, in response to the abduction of three women.1 In more recent times, the first U.S. sanctions date back to Thomas Jefferson’s Embargo Act of...

ACAMS Today

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

Artificial Intelligence and Machine Learning: What do we know?

The Artificial Intelligence Revolution Is Coming…

De-Risking and the Effects on the World’s Neediest

Sanctions Double Dutch

Chasing Cultural Property

Front-Running the Traditional “Three Stages of Money Laundering”—Cuckoo Mining, the New Parasite on the Block

Dealing With Gaps in Your Resume and Employment History

The Future of Correspondent Banking: Collaboration, Innovation and Information Sharing

Ancient Art, Contemporary Crimes:
What You Should Know About Money Laundering and Antiquities

Your AI Cheat Sheet: Key Concepts in Common Sense Terms

The Importance of Mentorship

Data Completeness and Integrity Leading Practices for AML and Sanctions Screening Model Validations

Starting a Career in AML

Five Tips for the Fifth Pillar

A Global Review of Sanctioned Countries