June 2011 – August 2011 Archives - Page 3 of 4

Global Financial Crime Review, June 2011 – August 2011

Islamic Finance, Money Laundering and Terrorist Financing

August 29, 2011May 8, 2015 /Leave a comment

Islamic finance refers to a form of financing which is in compliance with Shariah or Islamic Law principles. Modern Islamic finance emerged in the 1970s, following the first oil price shock of 1973. Today, Islamic finance has globally extended to Muslim, as well as to...

Global Financial Crime Review, June 2011 – August 2011

An Overview on Crime and Terrorism in Central Asia

August 29, 2011May 28, 2015 /Leave a comment

Editor's note: This is the last of a two-part series. Part two will discuss the position of the AML/CTF regimes in each country in Central Asia. Although critics say that the region still has a long way to go in effectively implementing AML/CTF regimes, the...

Compliance, Europe, June 2011 – August 2011

Floating Toward Disaster—A List That Looks Convincing Leaves Banks Thinking They are Covered

August 29, 2011September 9, 2015 /Leave a comment

Editor's note: This article is the second in a series that examines how banks can better assess geographical risk. Both at client take-on and in transaction monitoring, geography plays a key role in helping banks carry out their risk-based approach to anti-money laundering (AML) compliance....

June 2011 – August 2011, Practical Solutions

Successful MSB Compliance: Demystifying the Independent Review

August 29, 2011May 28, 2015 /Leave a comment

No matter if you are new to the Money Services Business (MSB) compliance world or are a seasoned professional, facing an audit can be challenging. While 31 U.S.C. Section 5318(h) of the Bank Secrecy Act (BSA) states that every MSB is required to have an...

June 2011 – August 2011, Practical Solutions

Deal or No Deal? Winning Moves with Vendors, Consultants and Other Service Providers

August 29, 2011May 28, 2015 /Leave a comment

We love to hate them: shady purveyors of data, software and services who invariably do not meet our standards for quality, timeliness or customer service. To add insult to injury, they also charge us much more for their time, effort and results than our staff...

AFC Challenges, June 2011 – August 2011

Putting the Human in Human Trafficking

August 29, 2011March 6, 2015 /Leave a comment

As I conducted research for an article on human trafficking, I came across some images that stayed with me. These pictures, stories and statistics really did put the "human" in human trafficking. Seasoned anti-money laundering professionals will confirm that the human aspect very seldom enters...

AFC Challenges, June 2011 – August 2011

In Search of the Hawaladar

August 29, 2011May 28, 2015 /Leave a comment

A centuries old system of informal alternative banking, customary in many parts of the world, is beginning to emerge as a burgeoning cottage industry in the United States. As is the case with many customs, hawala is the by-product of specific ethnic immigration, generally concentrated...

Expert Spotlight, June 2011 – August 2011

Stuart Levey: No Substitute for Information Sharing

August 29, 2011May 28, 2015 /Leave a comment

ACAMS Today had the opportunity to speak with Stuart Levey at the 16th Annual International Anti-Money Laundering Conference, in Hollywood, Florida where he received the AML/CTF Leadership in Government Award on March 21, 2011. Stuart Levey is senior fellow for national security and financial integrity...

June 2011 – August 2011, Member Spotlight

Daniel W. Vieira, CAMS—Miami, Florida, USA

August 29, 2011May 28, 2015 /Leave a comment

Daniel Vieira started his career as an external auditor working for one of the Big Four in Brazil. He joined the banking industry in 1997 as an internal auditor participating in jobs in all areas of the bank, including the international units. One of his...

From the Executive Vice President, June 2011 – August 2011

We’re Going to Need a Bigger Toolbox—AML Professionals Expanding their Already Broad Horizons

August 29, 2011May 28, 2015 /Leave a comment

With apologies to the screenwriter of Jaws, it is clear that for any anti-money laundering (AML) professional to be effective in 2011, they must need to know considerably more than basic AML skills. Understanding and implementing reporting requirements and updating policies are fine but so...

ACAMS Today

The Magazine for Career-Minded Professionals in the Anti-Financial Crime Field

SARs That Count: Words Matter

ACAMS Stars Lead the Way in 2024

AI Is Giving Job Seekers ‘Ghost Confidence’

The Status of Cannabis Banking in 2024

Balancing Costs and Strict Liability: A New Normal

SAR Optimization: Seeing the Forest Beyond the Trees

June 2011 – August 2011

Islamic Finance, Money Laundering and Terrorist Financing

An Overview on Crime and Terrorism in Central Asia

Floating Toward Disaster—A List That Looks Convincing Leaves Banks Thinking They are Covered

Successful MSB Compliance: Demystifying the Independent Review

Deal or No Deal? Winning Moves with Vendors, Consultants and Other Service Providers

Putting the Human in Human Trafficking

In Search of the Hawaladar

Stuart Levey: No Substitute for Information Sharing

Daniel W. Vieira, CAMS—Miami, Florida, USA

We’re Going to Need a Bigger Toolbox—AML Professionals Expanding their Already Broad Horizons