ACAMS

Dive into the nuances of ownership in AML versus sanctions with the second in our series of four focused infographics! And uncover more insights in our AFC Toolkit. Essential insights include: - A breakdown of the ownership prong of beneficial ownership in AML - The subtleties of the 50% rule in sanctions compliance Access this and other premium resources with an ACAMS Enterprise membership: https://bit.ly/3NwFepK

On October 23, 2024 ACAMS' Sam Cousins, CGSS, and George Voloshin, CAMS CGSS led a workshop in Warsaw in collaboration with CRDF Global and funded by U.S. Department of State - Bureau of International Security and Nonproliferation. Over 30 professionals joined us to learn and share their insights on: 🔹 Trade Sanctions Regulations and Dual-Use Frameworks 🔹 Key evasion typologies and red flag indicators 🔹 In-depth analysis of case studies 🔹 Mapping exposure and sanctions evasion risks 🔹 Internal controls and mitigation responses This workshop is part of a joint initiative to develop a series of risk management trainings focused on Russia sanctions implementation and risk management for compliance professionals and executives from around the world. #ACAMS #Sanctions #AntiFinancialCrime

BREAKING: Lebanon, Algeria, Angola and Ivory Coast landed on FATF's "gray list" Friday after failing to remedy key gaps in their AML regimes. Read in front of the paywall, on ACAMS moneylaundering.com: https://lnkd.in/gdzWVVuc #moneylaundering #terrroristfinancing #FATF #regulation #financialcrime

Parsing the TD Bank Prosecution and Regulatory Settlements, with Craig Timm In this episode of “Financial Crime Matters”, Kieran Beer talks with ACAMS colleague, Craig Timm, Senior Director of AML at ACAMS. Craig and Kieran do a deep dive into the recent settlements by TD Bank with the U.S. Department of Justice, the Federal Reserve Board, the Office of the Comptroller of the Currency, and the Financial Crimes Enforcement Network, US Treasury (FinCEN) that resulted in more than $3 billion in monetary penalties, ongoing remediation and monitorships, as well as the prosecution of two bank insiders. With more individual prosecutions likely, Craig and Kieran layout the lessons for financial institutions from settlements and discuss how compliance professionals can protect themselves from culpability when their financial institutions go astray. https://bit.ly/3YzTiFx

🚨Don't miss this crucial episode of ACAMS Live, where we dive deep into the critical anti-financial crime (AFC) challenges facing Japan and Singapore, offering globally relevant insights.🚨 Craig Timm, Senior Director of AML, ACAMS is joined by Hiroshi Ozaki, Executive Advisor, KPMG AZSA, LLC Japan and Caryn Leong, Director of AML, APAC, ACAMS fresh from The Assembly Japan and Singapore Symposium, to discuss what are top of mind concerns in the region. They will discuss: 🔷Fraud: Types of schemes, detection, prevention, and the role of public-private partnerships (PPPs) and technology. 🔷FATF Evaluation: How Japan and Singapore are preparing for the upcoming mutual evaluation. 🔷Geopolitics: The impact of geopolitical factors on AFC in both countries. Join us to learn from the experiences of Japan and Singapore and apply these valuable lessons to your own AFC framework, wherever you are in the world. 👇

Spot key red flags in pig butchering cases! 🔍💸 Follow the stages of how fraudsters build trust, introduce fake investments, and then vanish with the funds. Enhance your strategy in combating these threats using ACAMS Fraud Hub, a comprehensive suite of anti-fraud training resources. Request a free consultation with our specialists to build your anti-fraud training program: https://bit.ly/3XvXoOP #FraudAwareness #PigButchering #ACAMSFraudHub

🚨 In Q3 2024, 109 enforcement actions resulted in US$13.5 billion in fines – up 170%. Key takeaways: ✅ For long-term accountability, boards should include AFC, cybersecurity, and regulatory experts ✅ Targeted training in key compliance areas is becoming essential ✅ Data quality is crucial for compliance programs Read our Executive Summary and become an ACAMS Enterprise member for full access to our premium resources: https://bit.ly/3NwFepK

🛡️ Free Webinar - AFC Trends & Typologies: Technology-Led Fraud Prevention From artificial intelligence and machine learning to propensity scoring and biometrics. In this webinar, discover how cutting-edge technologies are reshaping the fraud detection and prevention landscape. Date & Time: October 31, 2024, 12:00 PM - 1:00 PM ET 🔗 Register for free: https://bit.ly/40dG7Lu

Earlier today the Office for National Statistics released the latest figures from the Crime Survey for England and Wales (CSEW) which tracks and records crime against households and people over a 12-month period. The CSEW is based on interviews with victims of crime and is considered one of the best measures of crime trends over time. Some highlights from the report featuring trends in fraud:   🔹 In the period between July 2023 to year ending June 2024 overall fraud incidents increased to 3.56 million, a rise of 7%. 🔹 Retail fraud saw a notable rise of 19%, reaching approximately 963,000 incidents. 🔹 2.7 million recorded fraud incidents involved a loss of money or property, of which the victim was fully reimbursed in 1.9 million incidents. 🔹 6.2% of the population of England and Wales experienced some form of fraud, an increase of 0.2% compared to June 2023. 🔹 Police recorded crime figures estimate that one in seven fraud offences were reported to the police or Action Fraud, 11% higher that June 2023.   Read more here: https://bit.ly/4fzSPcf #fraud #scams #statistics #data #crime #victims

Marjolein Noorda, Global Head Learning & Development Financial Crime & Fraud Prevention at ING, shares how ACAMS’ global reach and comprehensive training programs empower their AFC professionals in the fight against financial crime worldwide. Unlock new AFC strategies and perspectives by choosing the right partner. Hear more success stories from our industry leaders and speak to our specialists to optimize your organization’s financial crime prevention program. Learn more here: https://bit.ly/3Nqi8kQ #ACAMSSuccessStories #AFC #AFCPartner