ACAMS

ACAMS: The latest on sanctions, enforcement actions & emerging trends

One of the most powerful agencies in the United States’ international fight against terrorism, drug trafficking, and money laundering is the U.S. Treasury’s Office of…

Tad Simons October 15, 2020

ACAMS: How financial institutions are using AI to improve Enhanced Due Diligence

At financial institutions, routine background checks on new customers, referred to as customer due diligence, are required as part of the industry’s standard know-your-customer protocols.…

Tad Simons October 08, 2020

ACAMS: Analyzing Operation Stolen Promise

When Congress passed the $2.2 trillion Coronavirus Aid, Relief, and Economic Security (CARES) Act in March, officials at the U.S. Department of Homeland Security and…

Tad Simons October 02, 2020

ACAMS: Compliance in the Era of COVID-19, with FinCEN director Kenneth Blanco

Before the COVID-19 pandemic hit, the federal government’s Financial Crimes Enforcement Network (FinCEN) already had its collective hands full investigating cyber-crime, identity theft, drug trafficking,…

Tad Simons September 30, 2020

ACAMS: Preventing Terrorist Financing via Art, Antiquities & Oil

Terrorists can finance their operations in any number of ways — drug trafficking, smuggling (oil, pharmaceuticals, antiquities), counterfeiting, fraud, theft, kidnapping, and extortion. They’re also…

Tad Simons March 05, 2020

2019 Trends in Fighting Financial Crime: Thomson Reuters/ACAMS Survey Results

LAS VEGAS — Wondering what your colleagues in the financial sector are doing to battle financial crimes? Are they using artificial intelligence to spot bad actors?…

Gina Jurva October 16, 2019

ACAMS 2019: Amid International Push to Regulate Cryptocurrencies, Banks Try to Keep the Gates Closed

LAS VEGAS — As a nascent international anti-money laundering (AML) push to ensure global regulation of cryptocurrencies advances, most banks continue to take steps to…

Brett Wolf October 01, 2019

ACAMS Conference 2019: Regulators’ Panel Sees Banks’ Anti-Money Laundering Weak Points

LAS VEGAS — When a bank is negotiating the remediation of anti-money laundering compliance weaknesses, it should ensure that it can complete required improvements within…

Brett Wolf September 26, 2019

In the Quest for the Perfect SAR, Balance May be Better

Anti-money laundering (AML) practitioners can barely go a week without receiving an invitation to a presentation promising how to create the “perfect” Suspicious Activity Report…

Michael Schidlow September 20, 2019

Casinos: Keeping In Line With Title 31 (Part 1)

In a new two-part blog series, we examine how casinos are on the front lines of money laundering investigations amid rising government enforcement actions. Will…

Thomson Reuters Institute August 06, 2019

7 Questions about Threat Organizations, Fraud & Money Laundering

The odd thing about money laundering is that it requires that you have money in the first place. Often, these laundered funds come from illicit…

Gina Jurva May 09, 2019

Having a Seat at the Table: An All-Female Panel at ACAMS Speaks Up

HOLLYWOOD, Fla. — At the recent annual Association of Certified Anti-Money Laundering Specialists (ACAMS) conference, I had the great pleasure of moderating an unprecedented all-women…

Julie DiMauro May 07, 2019