Special for the Web Archives

Cybersecurity: Our Shield Against Escalating Cybercrime

October 31, 2022 /Leave a comment

As Cybersecurity Awareness Month comes to an end, it is worth remembering that cybersecurity is necessary because of cybercrime. And cybercrime is flourishing. More criminals than ever are lurking online, ready to exploit any technical or human weakness that offers a way into our data....

AFC Challenges, Special for the Web

Fighting the Trade-Based AML Epidemic with AI

October 18, 2022 /Leave a comment

Trade-based money laundering (TBML) is one of the biggest unknowns in the fight against financial crime. It is a big task to tackle, given the complexity and lack of real transparency in global trade financing. Trade finance involves multiple banks in different territories, and most...

Interviews, Special for the Web

Rajat Gupta: Daily Insights from a Compliance Officer

October 18, 2022October 18, 2022 /Leave a comment

ACAMS Connection, Interviews, Special for the Web

Hue Dang: Revamping ACAMS Risk Assessment^™

October 6, 2022October 24, 2022 /Leave a comment

Hue Dang, CAMS-Audit, global head of New Ventures and the senior Asia Pacific (APAC) leader for ACAMS, took time to talk with ACAMS Today to discuss the association’s latest efforts in risk assessments in anti-money laundering (AML)/sanctions/suspicious activities. With New Ventures, Dang is the association’s...

ACAMS Connection, Special for the Web

Central Bank Digital Currency and What It Means to the AFC Industry

September 15, 2022October 24, 2022 /Leave a comment

According to the Guinness World Records, the first paper-based currency was developed during China’s Tang Dynasty in the seventh century1 and later introduced to Europe by explorers such as Marco Polo in the 13th century, as stated by the Foundation for Economic Education.2 Fast forward...

ACAMS Connection, Back to the Basics, Special for the Web

BSA Policy: The Do’s and Don’ts

September 2, 2022October 24, 2022 /1 Comment

Many U.S. financial institutions (FIs)1 are subject to the Currency and Foreign Transactions Reporting Act of 1970, better known as the Bank Secrecy Act (BSA). These FIs are required to incorporate policies, procedures and internal controls reasonably designed to assure compliance with the BSA and...

Europe Express, Special for the Web

Classification of the UAE as a Monitored Jurisdiction

August 17, 2022September 27, 2022 /Leave a comment

In February 2022, the Financial Action Task Force (FATF) categorised the United Arab Emirates (UAE) as an increased monitoring jurisdiction as part of the Mutual In February 2022, the Financial Action Task Force (FATF) categorised the United Arab Emirates (UAE) as an increased monitoring jurisdiction1...

Practical Solutions, Special for the Web

Saving the Planet

July 28, 2022August 2, 2022 /Leave a comment

Environmental crime is among the most profitable financial crimes with criminal proceeds of $110 billion to $281 billion annually. Forestry crime, illegal mining and waste trafficking1 amount to 60% or two-thirds of this figure. The effects of environmental crime extend beyond economic development. Environmental crime...

Special for the Web, Tech Scope

Is the Risk-Based Approach Still Competent in the Age of AI?

July 13, 2022 /Leave a comment

In the banking and financial industry, a risk-based approach (RBA) is defined as the process of identifying compliance risks posed to an organization by categorizing them into various levels (e.g., high, medium or low risks) and prioritizing Once a particular risk level is reduced, the...

Compliance, Special for the Web

AFC Culture: Have We Come Far Enough?

May 24, 2022October 14, 2022 /Leave a comment

Scandals in recent years have shown that some institutions are still failing to live up to their obligation to minimize financial crime risk. In 2021, fines for noncompliance with anti-financial crime (AFC) and related regulatory actions totaled $5.4 billion Editor’s note: ACAMS published a white...

ACAMS Today

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

ACAMS Risk Assessment New MSB Module Interview with Anthony Rodriguez

Walking Into Webs: AML and the Metaverse

OFAC Calls for Geolocation Tools and Blockchain Intelligence

Best Practices for Evolving Your Risk Assessment Process

Resume Advice for the AFC Professional

Central Bank Digital Currency and What It Means to the AFC Industry

Special for the Web

Cybersecurity: Our Shield Against Escalating Cybercrime

Fighting the Trade-Based AML Epidemic with AI

Rajat Gupta: Daily Insights from a Compliance Officer

Hue Dang: Revamping ACAMS Risk Assessment^™

Central Bank Digital Currency and What It Means to the AFC Industry

BSA Policy: The Do’s and Don’ts

Classification of the UAE as a Monitored Jurisdiction

Saving the Planet

Is the Risk-Based Approach Still Competent in the Age of AI?

AFC Culture: Have We Come Far Enough?