September – November 2023

Captagon: A Dangerous Pill to Swallow
ACAMS Today Europe, ACAMS Today Europe Digital, Global Financial Crime Review, September – November 2023

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In early September 2022, Syria’s Ministry of Interior released a video showing dozens of seized hummus bowls. A bowl is subsequently picked up and peeled with a knife, revealing that the bowls were concealing an illicit drug called Captagon. According to the Ministry, pills had...
ACAMS Connection, ACAMS Today Europe, ACAMS Today Europe Digital, Global Financial Crime Review, September – November 2023

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Child sexual exploitation (CSE), child sexual abuse materials (CSAM) and child sex trafficking (CST) are serious crimes that adversely impact children being coerced or manipulated into engaging in sexual activity for financial gain. The ACAMS Today Back-to-the-Basics article, “Beyond The Headlines—A Real Look at Trends...
Deterring Financial Crimes While Respecting Data Sovereignty
ACAMS Connection, AFC Challenges, September – November 2023

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Financial crimes such as money laundering, fraud and terrorist financing continue to pose significant risks to the stability and integrity of the global financial system. Governments and regulatory bodies have responded by implementing strict measures to detect, prevent and report such activities. However, as countries...
How trustworthy AI can help with accountability in AML
In Focus, Practical Solutions, September – November 2023, Understanding AI

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The abundance of data provides an incredible opportunity and a significant risk for banks. Efficient and effective use of data is critical to combat fraud and financial crimes, manage credit as well as regulatory risk, enhance customer experience, generate sufficient capital and address other issues...
Better investigations through the five whys method
ACAMS Connection, Practical Solutions, September – November 2023

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Customer due diligence (CDD) is a compilation of various requirements under the Bank Secrecy Act like know your customer processes, identification and verification of the identities of beneficial owners for certain legal entities, understanding the purpose of accounts, risk rating at account opening and periodically...