March 2012 – May 2012 Archives

March 2012 – May 2012, Member Spotlight

Dr. Buno E. Nduka, BSc, MSc, MBA, Ph.D, CAMS—Ponty Dakar, Senegal

May 1, 2012May 29, 2015 /Leave a comment

Dr. Buno Nduka is the director of programs and projects at Intergovernmental Action Group against Money Laundering in West Africa (GIABA), an Economic Community of West Africa States (ECOWAS) specialized institution located in Dakar, Senegal, where he takes a leading role in the design and...

March 2012 – May 2012, Member Spotlight

Rafael David (Roy) Melnick, CAMS, Johannesburg, South Africa

April 3, 2012March 5, 2015 /Leave a comment

Roy Melnick is an associate director at PwC (previously PriceWaterhouseCoopers), where he is in the process of establishing an anti-money laundering, anti-terrorism and international sanctions consulting competency, with a focus on South Africa and the Southern Africa region. He hopes to expand the AML...

March 2012 – May 2012, Member Spotlight

Sharon McCullough, CAMS, Toronto, Canada

March 1, 2012March 5, 2015 /Leave a comment

Sharon McCullough is currently senior manager, Training Communications and Awareness in the Global Anti-Money Laundering Unit with TD Bank. The bank offers a full range of financial products and services through various businesses and is headquartered in Toronto, Canada. McCullough has 25 years of...

Aspects of APAC, March 2012 – May 2012

Anti-money laundering implementation in Indonesia

March 1, 2012March 5, 2015 /Leave a comment

Indonesia's initial regulation on anti-money laundering (AML) began in 1992, when the legislation was enacted prohibiting the endorsement of bank paid-in capital derived from potential money laundering activities. This was followed by the issuance of PBI No. 3/10/PBI/2001 concerning Know Your Customer Principles on...

March 2012 – May 2012, Meet the ACAMS Staff

Money laundering and snowflakes

March 1, 2012March 13, 2015 /Leave a comment

Larissa C. Bernardes has been with MoneyLaundering.com/ACAMS since 2007. Previously, she worked as a senior supervisor at SunTrust Bank, where she handled customer service inquiries and monitored account transactions. Bernardes studied English literature at Florida International University. ACAMS Today: Describe your typical work day?...

Aspects of APAC, March 2012 – May 2012

Penerapan Anti Pencucian Uang di Indonesia

March 1, 2012March 5, 2015

Terkait anti pencucian uang, Indonesia sudah melakukan regulasi tersebut sejak tahun 1992 dengan cara melarang penyetoran modal bank yang berasal dari hasil pencucian uang yang disusul kemudian dengan penerbitan Peraturan Bank Indonesia No. 3/10/PBI/2001 tentang Penerapan prinsip Mengenal Nasabah (Know Your Customer Principles) pada...

March 2012 – May 2012, Regulatory Initiatives

Revenue Enhancing Legislation: FATCA or Fiction

February 29, 2012June 3, 2024 /Leave a comment

The U.S. Foreign Account Tax Compliance Act (FATCA) is designed to stop the flow of money from the United States into untaxed offshore accounts and raise revenue by collecting unreported earnings. But, while FATCA takes a giant step in closing the loophole through which tax...

March 2012 – May 2012, Regulatory Initiatives

Iran Sanctions: A Big Deal

February 29, 2012June 3, 2024 /Leave a comment

Those who have visited the northern Tehran suburb of Lavizan can attest to the magnificent beauty of its park. Lavizan is home to one of the finest parks in Iran's capital city. But its natural beauty belies its military significance: Lavizan is the epicenter of...

March 2012 – May 2012, Practical Solutions

Critical Incident Management: Roles & Responsibilities of AML/Compliance Leaders and Officers

February 29, 2012April 6, 2015 /Leave a comment

Data intrusion, Ponzi schemes, natural disasters, health pandemic emergencies, branch robberies, terror threats and attacks, cyber attacks, and "occupy" events, among others, pose risks to assets, people and reputation. These events and others fall within the description of critical incidents. As mandated by government regulations...

March 2012 – May 2012, Practical Solutions

Pizza Logic

February 29, 2012April 6, 2015 /Leave a comment

At a suspicious activity report (SAR) Review Team meeting a case is presented about a pizza shop repeatedly making daily cash deposits of $9,900. When asked who among the law enforcement agents would volunteer to take on an investigation a long pause ensues. Finally an...

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March 2012 – May 2012

Dr. Buno E. Nduka, BSc, MSc, MBA, Ph.D, CAMS—Ponty Dakar, Senegal

Rafael David (Roy) Melnick, CAMS, Johannesburg, South Africa

Sharon McCullough, CAMS, Toronto, Canada

Anti-money laundering implementation in Indonesia

Money laundering and snowflakes

Penerapan Anti Pencucian Uang di Indonesia

Revenue Enhancing Legislation: FATCA or Fiction

Iran Sanctions: A Big Deal

Critical Incident Management: Roles & Responsibilities of AML/Compliance Leaders and Officers

Pizza Logic