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AFC Developments Addressed at the Assembly Hollywood

April 17, 2024 /Leave a comment

An impressive variety of topics of interest to the anti-financial crime (AFC) community—ranging from Russian sanctions and the Financial Crimes Enforcement Network (FinCEN) whistleblower program to export controls violations, fraud and the potential threat artificial intelligence (AI) poses to the fight against financial crime—were discussed...

ACAMS Connection, AFC Challenges, Europe Express, Exclusive

Financial Crimes Detection: Awareness of Financial Habits

March 13, 2024April 3, 2024 /1 Comment

In the summer of 2023, a peculiar political issue made headlines in Austria: The conservative government, responding to cross-party concerns about a digital euro initiative, began exploring ways to establish a right to cash payments in the constitution. A few other countries have had similar...

ACAMS Connection, Exclusive, Fraud Alert

Let the Dogs Out: Puppy Laundering Crimes

March 1, 2024March 27, 2024 /3 Comments

We dreamt of adding a puppy to our family after a lovely weekend of dog-sitting. As I scrolled through the internet, our excitement turned to dismay as we uncovered the concept of puppy laundering: The deceptive practice of marketing puppies from mills as rescued dogs....

Ask the AFC Guru, Exclusive

Ask the AFC Guru: Adam Vocalino-Szymanski—The A-Z on Internal Audits, Federal Examinations and More

February 22, 2024April 29, 2024 /1 Comment

Anti-financial crime (AFC) guru Adam Vocalino-Szymanski, CAMS, has been in the AFC industry for nearly seven years. He began his career in AFC as an investigator tasked with reviewing various suspicious activity alerts and cases. Vocalino-Szymanski is now the deputy Bank Secrecy Act and deputy...

ACAMS Connection, Acceso LatAm, Exclusive, March – May 2024

Bitcoin as Legal Tender in El Salvador: A Case Study

January 11, 2024June 27, 2024 /8 Comments

In September 2021, El Salvador made global headlines by becoming the first nation to embrace bitcoin as legal tender—an unprecedented move that sent ripples through traditional financial systems. This historical decision, orchestrated by President Nayib Bukele’s administration, has positioned El Salvador at the forefront of...

Exclusive, Global Financial Crime Review

Financing Lone Wolf Attacks: Examining the Challenges of Tracking Solo Operatives

December 22, 2023January 4, 2024 /Leave a comment

Lone wolf attacks, characterized by individuals acting alone without direct ties to established terrorist organizations, have become a pressing security concern globally. While the concept of the lone wolf is not new, the financing mechanisms behind these solo operatives present unique challenges for authorities. This...

Exclusive, Four Questions

Four Questions: Promoting Collaboration Within AFC

December 19, 2023April 29, 2024 /Leave a comment

As the senior director of anti-money laundering (AML) at ACAMS, Craig Timm oversees government, law enforcement and private sector engagement in the U.S. and works to drive collaboration across the global anti-financial crime (AFC) space. Prior to joining ACAMS, Timm had more than 15 years...

Compliance, December 2023 – February 2024, Exclusive

The Evolution of Money Laundering/Terrorist Financing in Film and Television

December 13, 2023 /Leave a comment

"What do you do for work?” This is a straightforward question but one that can cause anxiety and dread to anti-financial crime (AFC) professionals. Financial crime risk management and the work we do to protect the financial system do not roll off the tongue over...

Europe Express, Exclusive, Français

La Russie et l’identification du bénéficiaire effectif

November 29, 2023November 29, 2023 /Leave a comment

Le 24 février 2022, de son plein gré, la Russie a décidé d’envahir l’Ukraine. La mesure la plus dissuasive, décidée par les gouvernements européens, fut alors le gel des avoirs des oligarques russes. À ce jour, les pays de l’Union européenne, Belgique et Luxembourg en...

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ACAMS Connection, Ask the AFC Guru, Exclusive

Ask the AFC Guru: Marbel Guilamo Peña—The Fight Against Corruption

November 8, 2023April 29, 2024 /Leave a comment

Anti-financial crime (AFC) guru Marbel Guilamo Peña, who has 20 years of experience in banking, is the manager of the Ethical Compliance, Anti-Bribery and Anti-Corruption Division at Banco de Reservas (Banreservas). His work has contributed significantly to the areas of banking regulation, compliance operations, corporate...