Law enforcement (LE) is the backbone for solving financial crimes. As more regulations and legislation pass, it is crucial for anti-financial crime experts to stay up to date to prevent, mitigate and report financial crimes. With the Badge Bulletin, you can learn from LE officials, agents and experts about the latest schemes, typologies, methods for reporting and more.
Our regular contributors are Steve Gurdak, who has more than 30 years of police and supervisory experience, and Ray Villanueva, who has 29 years of law enforcement and investigative experience. If you would like to contribute to this column or have any topics you would like to suggest, email editor@acams.org.
You may be asking yourself, âWhy is someone from the Internal Revenue Service Criminal Investigation (IRS-CI) division writing about the cyber world?â Well, let us put it this way: As money moves around the world, IRS-CI is following the money used by criminals to build...
As the registered investment advisery sector continues to grow, so do regulatory expectations. Effective in 2026, registered investment advisers (RIAs) will be considered âfinancial institutionsâ (FIs) according to a final rule recently issued by the Financial Crimes Enforcement Network (FinCEN). The final rule1 will require...
Cross-border financial criminal activityâin which transnational criminal organizations (TCOs), money launderers, oligarchs, kleptocrats and other criminals employ international financial schemes to launder money, conceal their illicit funds and disguise the identity of the owners of that moneyâis rampant in the worldâs financial system today. In...
Anthony Salisbury, special agent in charge for Homeland Security Investigations Miami and also where Miami El Dorado Financial Crimes Task Force-South is housed, spoke with Karla Monterrosa-Yancey, editor-in-chief of ACAMS Today. With extensive experience working in federal law enforcement (LE), Salisbury has worked with the U.S....
The involvement of corporations in fraudulent activities and financial crimes for their own benefit or for the benefit of an external party is not a new phenomenon. Some of the most common types of fraud and financial crimes in which corporations take part include money...
As a seasoned anti-money laundering (AML) expert specializing in high-risk sectors, I have witnessed firsthand the sophisticated money laundering methods employed by criminals to profit from their illicit activities. However, my recent experience at the Drug Enforcement Administration (DEA) St. Louis Division, Kansas City District...
Todayâs world is more interconnected than ever before. Individuals and businesses operate across borders, and the same holds true for todayâs criminals. This necessitates international cooperation among government partners to combat tax and financial crimes that touch countries around the globe. The Joint Chiefs of...
The article titled âFinCENâs AML and Terrorist Financing Priorities: An Introduction,â featured in the June-August 2022 edition of ACAMS Today,1 shared general thoughts, basic definitions and practical examples on each of the national anti-money laundering (AML) and counter-terrorist financing (CTF) priorities. This was followed by...
The article titled âFinCENâs AML and Terrorist Financing Priorities: An Introduction,â1 featured in the June-August â22 edition of ACAMS Today, shared general thoughts, basic definitions and practical examples on each of the Financial Crimes Enforcement Networkâs (FinCEN) national anti-money laundering (AML) priorities. This article, the...
The article titled âFinCENâs AML and Terrorist Financing Priorities: An Introduction,â1 featured in the ACAMS Today Jun-Aug â22 edition, shared general thoughts, basic definitions and practical examples on each of the national anti-money laundering (AML) priorities. This article, the eighth of the series, will discuss...
Steve Gurdak
