In Focus Archives - Page 2 of 27

ACAMS Connection, Fraud, Fraud Alert, In Focus

How To Avoid Rental Scams

August 19, 2024August 28, 2024 /Leave a comment

It is important to remind ourselves that whenever we encounter an opportunity on the internet, it is essential to conduct thorough research. Finding rental properties online is straightforward, but interested renters should only proceed to sign a legitimate and complete contract/lease after viewing the property....

ACAMS Connection, AFC Challenges, Aspects of APAC, In Focus, Practical Solutions

Machine Learning Methods for AML

July 25, 2024August 7, 2024 /Leave a comment

With the rapid development of the financial market, money laundering has become increasingly complex, which brings great challenges to the anti-money laundering (AML) work of financial institutions (FIs). Traditional AML methods mainly rely on manual review and rule screening, but due to the large amount...

In Focus

ACAMS Hollywood Assembly: Views From a First-Time Participant

July 16, 2024 /Leave a comment

As a first-time ACAMS Assembly attendee, I was eager to experience as many aspects of the conference as possible. The amount of information available at an ACAMS Assembly is truly unmatched. I was also excited about the opportunity to network and make meaningful connections with...

ACAMS Connection, Fraud, Fraud Alert, In Focus

Who Is Texting Me Now?

June 28, 2024July 11, 2024 /Leave a comment

With an emphatic scroll and quick click, a text message was opened, considering it came from someone familiar or at least who sounded “vaguely” familiar. They wanted some quick action from you, and they needed it yesterday, but why are they reaching out via text?...

Europe Express, In Focus

The Dual Edges of GenAI and the EU’s Regulatory Vision

June 19, 2024 /Leave a comment

In early 2024, a finance officer in Hong Kong was wary of an email received from the chief financial officer of a UK-based company, concerning a secret transaction. A video call was organised to quell his doubts, and behind his screen sat the originator of...

In Focus

DNA Techniques to Combat Wildlife Crime

June 14, 2024September 3, 2024 /Leave a comment

Thousands of animals and plant parts and products are traded in Hong Kong every day. Some of this is legal, and some is not. Scientists in Hong Kong are developing DNA techniques to help stop wildlife trafficking by tracking wildlife smuggled through borders. These techniques...

ACAMS Connection, Fraud, Fraud Alert, In Focus

BaaS: How to Get it Right

June 4, 2024June 12, 2024 /Leave a comment

Banking as a service (BaaS) is “the provision of banking products and services through third-party distributors.” Partnering with a financial technology (fintech) organization allows financial institutions (FIs) to reach a larger market share and offer niche products to their customer base. In a recent trend...

ACAMS Connection, In Focus

The Mob Museum: Exploring Organized Crime’s Financial Tactics

May 20, 2024May 29, 2024 /Leave a comment

The National Museum of Organized Crime and Law Enforcement (the Mob Museum) stands out as particularly relevant to anti-money laundering professions. Located in Las Vegas, Nevada, and housed in an immaculately restored former post office and courthouse, the Mob Museum is a nonprofit organization with...

Back to the Basics, In Focus

CSAM: The Role of Social Media and Jurisdictions

April 23, 2024May 2, 2024 /Leave a comment

Child abuse is generally a hidden act in our society that usually happens behind closed doors and in private moments, often perpetrated by those adults who are the most trusted by their child victims. Although the online child sexual abuse methods may vary from person...

ACAMS Connection, AFC Challenges, In Focus

Binance’s $4 Billion Federal Settlement

March 13, 2024July 1, 2024 /Leave a comment

Unlicensed money transmitting and sanctions violations by Binance Holdings Limited (Binance), the entity that operates the world’s largest cryptocurrency exchange, Binance.com, and its CEO Changpeng Zhao resulted in both the company and Zhao pleading guilty on the grounds of engagement in money laundering on November...

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

In Focus

How To Avoid Rental Scams

Machine Learning Methods for AML

ACAMS Hollywood Assembly: Views From a First-Time Participant

Who Is Texting Me Now?

The Dual Edges of GenAI and the EU’s Regulatory Vision

DNA Techniques to Combat Wildlife Crime

BaaS: How to Get it Right

The Mob Museum: Exploring Organized Crime’s Financial Tactics

CSAM: The Role of Social Media and Jurisdictions

Binance’s $4 Billion Federal Settlement