In Focus Archives - Page 4 of 28

EU’s Battle Against Wildlife Trafficking in 2024

March 4, 2024 /Leave a comment

Four elephant tusks and thousands in cash were discovered by police inside a BMW during a traffic stop on a motorway in France in 2015. Some passengers tried to reassure the police that they were antique dealers, but a police investigation uncovered that they were...

AFC Policy, In Focus, March – May 2024

The Possible Effects of the Beneficial Ownership Rule

March 1, 2024 /Leave a comment

All financial institutions (FIs) are now contending with the changes in the Beneficial Ownership Rule that went into effect on January 1, 2024. The objective of the Beneficial Ownership Rule established in May 2018 was for FIs to know the “who” of your customer’s relationships...

Fraud Alert, In Focus

The Critical Role of Device Intelligence in Catching Fraud

February 16, 2024February 16, 2024 /Leave a comment

Device intelligence, as the name suggests, is the approach of collecting all the data about a device, analyzing it and creating a digital fingerprint of the device to ascertain the identity of the user. The goal of device intelligence is to facilitate early fraud detection,...

AFC Challenges, In Focus

The Aftermath of the 1MDB Scandal

January 24, 2024January 30, 2024 /2 Comments

The 1Malaysia Development Berhad (1MDB) scandal is one of the largest financial swindles in the anti-financial crime (AFC) space in recent history. Initially launched to promote the management of savings belonging to the state through investments in shares, bonds or real estate, the sovereign wealth...

ACAMS Conexión, Acceso LatAm, Español, In Focus

Ciberseguridad en instituciones financieras

January 10, 2024 /Leave a comment

La revolución digital ha transformado la manera en que el mundo financiero opera. Esta transformación, aunque llena de oportunidades y ventajas, ha venido acompañada de un conjunto de desafíos, principalmente en el ámbito de la ciberseguridad. El aumento de las transacciones digitales y la aparición...

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ACAMS Connection, Ask the AFC Guru, Fraud, In Focus

Ask the AFC Guru: Lindsay Lindmier—Audit Preparation, Protecting Against Fraud and More

December 20, 2023April 29, 2024 /Leave a comment

This month’s anti-financial crime (AFC) guru, Lindsay Lindmier, CAMS, CAFP, is the director of Financial Crimes and Bank Secrecy Act/Office of Foreign Assets Control (BSA/OFAC) officer at Security National Bank in Omaha, Nebraska. Security National Bank, which is a privately owned bank with an asset...

AFC Challenges, December 2023 – February 2024, Fraud Alert, In Focus

Financial Abuse Typologies

December 13, 2023March 27, 2024 /Leave a comment

The Financial Crimes Enforcement Network (FinCEN) has released several publications asking financial institutions (FIs) to be on the lookout for elder financial abuse and to report this abuse when it is identified. While focusing on the elderly, it is a critical function to protect a...

ACAMS Connection, In Focus

Fentanyl Precursor Chemicals Trafficking: The Dark Side of Cryptocurrency

December 8, 2023December 13, 2023 /Leave a comment

In May 2023, blockchain analytics and cryptocurrency monitoring firms Elliptic and Chainalysis both released new findings that offer a glimpse into the role of cryptocurrency in the global fentanyl trade, specifically, the wholesale supply of precursor chemicals to fentanyl producers around the world. Both Elliptic...

ACAMS Connection, Four Questions, In Focus

Four Questions: Recent Developments Having an Impact on APAC

October 30, 2023April 29, 2024 /Leave a comment

As the current regional anti-money laundering (AML) director-APAC at ACAMS, Caryn Leong serves as the lead English-speaking subject-matter expert (SME) practitioner in AML and financial crime compliance across the Asia-Pacific (APAC) region. She manages a small team of experts and engages in government, regulatory and...

ACAMS Connection, Fraud Alert, In Focus, Practical Solutions

Preventing Deepfake-related Fraud in KYC

October 2, 2023November 27, 2024 /Leave a comment

In an era where technology is growing at an unprecedented pace, the rise of deepfakes has sparked a new wave of concern across industries. The ability to manipulate video and audio content with remarkable precision has left businesses pondering the implications of this advanced technology....

ACAMS Today

The Magazine for Career-Minded Professionals in the Anti-Financial Crime Field

Sovereign Wealth Funds: The Blind Spot in Global Financial Crime

Blockchain Forensics and Surviving Detention in Nigeria, With Tigran Gambaryan and Andy Greenberg

Financial Investigations and Confiscation in Fighting Crime

Huione Group and the Rise of a Financial Crime Superhub

Offshore Trust Structures and Feeder Fund Mechanisms

One and Done: Ending the Supplemental SAR Assembly Line

In Focus