ACAMS

ACAMS’ new certification, Certified Anti-Fraud Specialist (CAFS), uniquely addresses fraud challenges faced by banks and non-bank financial institutions today. From authorized push payments to account takeovers, the CAFS program will equip you with the specialized knowledge required to effectively combat emerging fraud schemes. Who is CAFS for? CAFS is suitable for those currently working in, or considering, fraud-related roles. It’s also applicable to anyone working in an anti-financial crime position looking to enhance their fraud expertise. How to purchase: CAFS will officially launch in November, but presale is now live. Visit https://bit.ly/3RyZpWx to secure your certification package at our special early bird rate!

Don't gamble with financial crime in the gaming sector! 🎲 Join us at The Assembly Las Vegas 2024 (Sept 23-25), in-person or online, and gain the edge you need to protect your business. We have a dedicated Gaming and Casinos track to boost your AML arsenal where you will learn to: - Mitigate emerging risks from internet gambling and safeguard your casino's reputation by adapting your compliance program to the latest threats. - Accurately identify suspicious activities, strengthen your reporting, and stay ahead of regulatory scrutiny to master AML red flags specific to online gaming. - Build a powerful network of industry allies and forge connections with fellow gaming and casino professionals, to share insights, and collaboratively combat financial crime. Ready to hit the jackpot of anti-financial crime (AFC) knowledge and protect your casino's bottom line? Register now. https://bit.ly/49Xgkc0

🚨Mexican Cartels Exploit Timeshare Owners in Elaborate Fraud Scheme🚨 In this episode of ACAMS Live, Craig Timm discusses a recent joint investigation by Financial Crimes Enforcement Network, US Treasury (FinCEN), OFAC (U.S. Department of the Treasury) , and the Federal Bureau of Investigation (FBI). They uncovered a sophisticated fraud scheme by Mexico-based transactional criminal organizations, resulting in over $1 billion in losses. (https://bit.ly/3Yci8LU...) The scheme typically unfolds in several stages: 1️⃣ Initial Contact: Victims receive unsolicited calls or emails offering to purchase or rent their timeshare at above-market rates. 2️⃣ Building Trust: Scammers employ high-pressure tactics and often impersonate legitimate businesses to gain trust. 3️⃣ Financial Demands: Victims are pressured to pay upfront fees for taxes, closing costs, or escrow services. 4️⃣ Re-Victimization: Once initial funds are transferred, scammers contact victims again, claiming to be lawyers or government officials offering to recover lost funds for a fee. These complex schemes highlight the need for increased awareness and robust fraud prevention measures. 🔎 If you are looking to combat fraud more effectively and meet growing regulatory expectations on fraud, check out our new Certified Anti-Fraud Specialist certification (CAFS). CAFS will be launched in November. You can take advantage of our pre-sale today to secure the early bird rate ➡️ https://bit.ly/3RyZpWx #ACAMS #FinancialSecurity #Fraud #banks #mexicancartels #FinCEN

🚨 In Q2 2024, a major crypto company faced a multi-billion-dollar fine, while NBFIs came under intense scrutiny. And, a surge in global enforcement actions is revealing key trends in financial crime. Curious about the details? Find out more in our Executive Summary and join us as an ACAMS Enterprise member for full access to all of our premium resources: https://bit.ly/3PJjSrM #FinancialCrimes

In this episode of financial crime matters, Kieran Beer talks with Christina Rea-Baxter, Esq. about her brief tenure at Binance.US as interim chief compliance officer. Christina discusses what it was like to head U.S. compliance for Binance.com, the world’s largest digital assets trading platform, as it underwent scrutiny from regulators and law enforcement that ultimately culminated in a $4.3 billion penalty against Binance.com and a guilty plea for money laundering failures by the VASP’s co-founder Changpeng Zhao that resulted in his paying a $50 million fine and the possibility of up to 18 months in prison. Christina, who launched a consulting firm after resigning from Binance.com, after about six months at the VASP, also touches on what it takes to protect yourself as a compliance officer whose business is facing tough oversight. https://bit.ly/3LzEpf2

The new ACAMS Fraud Hub provides a complete suite of fraud prevention resources for your organization. On the hub you’ll find details of our anti-fraud certification program (CAFS), certificate courses, and webinars. Plus, download publications from our subject matter experts, as well as the latest articles from our journalists at ACAMS Today and ACAMS moneylaundering.com. Visit the Fraud Hub today and book a free consultation to discuss your organization’s anti-fraud needs: https://bit.ly/3XvXoOP

Stay vigilant against the latest fraud trends with our magazine ACAMS Today 📈🛡️ Check out our newest fraud alerts: 🔍 Who Is Texting Me Now? https://bit.ly/3Wua2gk 🤖 AI Against Fraud and Financial Crimes https://bit.ly/4fdJuHF Want to learn more about our new anti-fraud certification, CAFS? Learn more at https://bit.ly/3RyZpWx #FraudPrevention #FinancialCrimes #AntiFraud #ACAMS #CAFS #ProfessionalDevelopment

The latest episode of the sanctions podcast is now live - Justine Walker is joined by Gavin Coles, Global Sanctions Officer at OFX and Kylie Oliver, Senior Manager Enterprise Sanctions Compliance at ANZ. Their discussion includes: - How industry in Australia is dealing with a complex global sanctions environment - How sanctions exposure can manifest itself in the region - Vulnerabilities to secondary sanctions risks Listen now on Spotify, Apple Podcasts or Soundcloud: https://bit.ly/4d5A5jf

💥Fraud is exploding and banks need to do more to address it💥 Michael Hsu, Acting Head of Office of the Comptroller of the Currency (OCC) recently emphasized the importance of prioritizing fraud prevention. It's not just about the bank's bottom line, but about safeguarding customers. In this episode of ACAMS Live, Craig Timm dives into the rising threat of fraud and its impact on financial institutions globally. Here are some actions that banks should take: ✅ Educate customers on the latest scams. ✅ Create security measures to help customers pause before making payments potentially induced by fraud. ✅ Train staff to identify and assist customers who are potential fraud victims. ️ ACAMS can help! We are launching our Certified Anti-Fraud Specialist (CAFS) program in November. This program uniquely addresses the fraud challenges faced by banks and non-bank financial institutions. Learn more about CAFS and take advantage of our pre-sale today to secure the early bird rate ➡️ https://bit.ly/3RyZpWx #ACAMS #FinancialSecurity #Fraud #banks

💡 Did you know that in 2023, a staggering $485.6 billion was lost to fraud globally? 🌍 In Europe, over 80% of reported fraud is cyber-enabled, posing a significant threat. 💸 Take a proactive stance against sophisticated fraudsters by exploring our latest infographic – learn how to effectively report fraud activities and protect your organization. Explore our suite of fraud prevention resources for your organization: https://bit.ly/3XvXoOP #FraudPrevention