Staff Notes Archives - ACAMS Today

Aspects of APAC, March - May 2021, Staff Notes

Enhancing China’s AML/CTF Framework

March 30, 2021March 30, 2021 /Leave a comment

Since the 2019 People’s Republic of China (China) mutual evaluation report (MER) by the Financial Action Task Force (FATF), the country has taken a number of actions to strengthen its anti-money laundering/counter-terrorist financing (AML/CTF) framework. This article provides an update on China’s efforts to...

Aspects of APAC, March - May 2021, Staff Notes

The Keys to a Successful Conduct Agenda

March 30, 2021March 30, 2021 /Leave a comment

On September 10, 2020, the Monetary Authority of Singapore (MAS) issued its “Guidelines on Individual Accountability and Conduct.”1 Effective September 10, 2021, the guidelines focus on the measures financial institutions (FIs) in Singapore should enact to accomplish the following: Promoting the individual accountability of...

March - May 2021, Staff Notes

Diversity Can Strengthen Anti-Financial Crime

March 30, 2021April 1, 2021 /Leave a comment

Diversity. Equity. Inclusion. Although you may have seen these three words more and more over the last year, it is important not to gloss over their meanings too quickly. After decades of activism promoting fairer treatment for all and a year of civil unrest...

EMEA Connect, March - May 2021, Staff Notes

CBDCs: The Time Has Come

March 30, 2021March 30, 2021 /Leave a comment

For better or worse, digital currency is here to stay. Within the last decade, the use of virtual currencies has increased significantly, with retailers such as Whole Foods and Starbucks accepting payment in bitcoin.1 Perhaps encouraged by their adoption (Bitcoin has soared from $5,000...

December 2020 - February 2021, Staff Notes, Understanding AI

Practical Machine Learning: Advanced Techniques to Gain Alert Efficiencies

December 22, 2020December 23, 2020 /Leave a comment

The anti-money laundering (AML) community is drowning in false positives. A 2018 review by Microsoft found most transaction monitoring systems have a 95%-99% false positive rate.1 Machine learning and artificial intelligence have been widely viewed as the solution to reducing the number of false...

December 2020 - February 2021, Staff Notes

EMEA Roundup: Winter Updates From the ACAMS EMEA Team

December 22, 2020 /Leave a comment

The world is going through another wave of COVID-19 and many countries are in a second lockdown at the time of this publication. At ACAMS, the anti-financial crime (AFC) community continues to work on bigger and bolder agendas, in an environment where bad actors are...

December 2020 - February 2021, Staff Notes

AML and AFC in China’s Internet Financial Services

December 22, 2020February 22, 2021 /Leave a comment

Internet financial services have been in the world for years. As a result, criminals have taken advantage and used these services to facilitate money laundering and other financial crime. The following article will discuss how criminals use internet financial services and what China is doing...

December 2020 - February 2021, EMEA Connect, Staff Notes

Unity Across the Union

December 22, 2020 /Leave a comment

The European Commission issued its action plan for a comprehensive European Union (EU) policy on preventing money laundering and terrorist financing in May 2020.1 The action plan focuses on harmonizing, effectively implementing and reinforcing the existing anti-money laundering/counter-terrorist financing (AML/CTF) framework at the EU level....

ACAMS Connection, December 2020 - February 2021, Staff Notes

AML in Asia Pacific: 2020 in Review

December 15, 2020December 22, 2020 /Leave a comment

2020 will be remembered as the year the world changed abruptly. In late January, just after the Chinese New Year, the coronavirus pandemic erupted and spread worldwide. Criminals quickly took advantage of the situation by hoarding masks, sanitizers and other consumer products used to fight...

EMEA Connect, September 2020 - November 2020, Staff Notes

Unexplained Wealth Orders―Looking Beyond the Headlines

October 5, 2020February 26, 2021 /Leave a comment

In June 2020, ACAMS partnered with Eversheds Sutherland and published a white paper titled “Unexplained Wealth Orders—Looking beyond the headlines.” This article is an excerpt of the white paper. The full white paper with sources and methodology can be found in the footnotes below.1...

ACAMS Today

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

Increasing Collaboration and Partnerships

The Proactive Blockchain Industry

Technology Will Not Save Us―Rethinking Risk Might

AMLA: The Gamechanger

Surviving and Thriving in Uncertain Times

Staff Notes

Enhancing China’s AML/CTF Framework

The Keys to a Successful Conduct Agenda

Diversity Can Strengthen Anti-Financial Crime

CBDCs: The Time Has Come

Practical Machine Learning: Advanced Techniques to Gain Alert Efficiencies

EMEA Roundup: Winter Updates From the ACAMS EMEA Team

AML and AFC in China’s Internet Financial Services

Unity Across the Union

AML in Asia Pacific: 2020 in Review

Unexplained Wealth Orders―Looking Beyond the Headlines