June – August 2015 Archives - Page 3 of 3

AFC Challenges, June – August 2015

Mobile Subscriber Registration: An Effective Tool in the Fight Against Terrorism

May 27, 2015 /Leave a comment

In my previous article “Mobile money: Balancing financial integrity with business expediency,”1 I examined the genesis and growth of mobile money in East Africa, with specific reference to the significant contribution to financial inclusion made by M-Pesa in Kenya. The article also highlighted various...

June – August 2015, Meet the ACAMS Staff

Murray Bowen: Continued Growth in AML

May 27, 2015 /Leave a comment

Murray Bowen was raised in the small town of Moore Haven in Glades County, Florida, by both of his parents who were in law enforcement. The county had a total population of 6,500. Bowen joined ACAMS in 2008 and started with the member service...

Compliance, June – August 2015

Restructuring BSA/AML Investigations

May 27, 2015 /Leave a comment

Isaac Newton once wrote “We build too many walls and not enough bridges.” These words have never been truer. Emerging trends in the 21st century are inadvertently hampering law enforcement and thwarting the very intent of the Bank Secrecy Act (BSA). The pendulum of public sentiment regarding law enforcement tactics once again has swung from unquestioning...

AFC Challenges, June – August 2015

The Bookie

May 27, 2015May 27, 2015 /Leave a comment

Want to lay a bet, place a wager or make a sporting event more interesting by placing money on the outcome? Call a bookie, get the line and see what happens. March Madness ended a few months ago and people across the globe checked...

AFC Challenges, June – August 2015

Politics, Criminality and Terrorism in Latin America

May 27, 2015 /Leave a comment

In Latin America, the activities of drug cartels, terrorist groups and rogue states have increased as revolutionary regimes such as Venezuela and its allies in Ecuador, Bolivia and Nicaragua took the reins of power in the last decade. The war against Mexican drug cartels...

AFC Challenges, June – August 2015

Black Market Peso Exchange: The Beginning

May 27, 2015 /Leave a comment

Black markets have operated as long as borders, civilizations and governments have existed. They develop in order to take advantage of political and/or economic disparities between two or more jurisdictions: countries, states and provinces, counties and districts, or cities. Black markets usually form—and flourish—as...