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Money Laundering
Thursday, July 23, 2015
Anonymity and limited supply chain oversight making gold increasingly attractive to criminals »
An international watchdog group is warning anew of the financial crime risks tied to gold, highlighting that illicit group...
Wednesday, July 15, 2015
Massive trade volume, lack of international cooperation making China more appealing »
Allegations by Italian authorities that one of China’s largest state-owned banks is pushing money laundering as a customer...
Wednesday, July 1, 2015
FATF urging countries to analyze, update laws around virtual currencies »
The international watchdog group setting global financial crime standards is pressing countries to retool anti-money laund...
Thursday, June 25, 2015
IRS push for casinos to electronically capture tax details of jackpot winnings could burden industry »
An Internal Revenue Service proposal to require the electronic tracking of casino patrons playing slots machines, bingo an...
Thursday, June 18, 2015
US Treasury: Stronger AML rules making it more difficult, costly to launder money »
More rigorous rules to uncover and attack money laundering, more aggressive regulatory enforcement of missteps and high-pr...
Thursday, April 30, 2015
Sun, sand and sin: South Florida a burgeoning haven for human trafficking groups, victims »
The cultural mix of Miami and warmth, weather and waves of South Beach are more than just a draw for tourists and retirees...
Thursday, April 30, 2015
Hunting trade-based money laundering, FinCEN order hones in on Miami exporters »
In an effort to close in on trade based money laundering channels, US federal regulators are heightening scrutiny on some...
Thursday, April 9, 2015
Banks, countries turning to biometrics to lower customer risk, gain foreign correspondents »
In a bid to better identify customers, ward off cyber criminals and regain the trust of influential, yet fickle, internati...
Thursday, March 19, 2015
At Banca Privada D’Andorra, third parties corrupted financial system to launder money »
Andorra, a small principality between Spain and France, has established a well-known position as a financial center, with...
Wednesday, March 4, 2015
Panama – a glistening financial center with an attractive legal system for financial criminals »
With a sparkling skyline reminiscent of Dubai in the Middle East, Panama City has become a prime location in Latin America...
Thursday, February 26, 2015
New UK AML taskforce formed to better tackle terror financing, share intelligence on financial crime »
United Kingdom regulators, law enforcement agencies, and banking groups unveiled a pilot project Wednesday aimed at bolste...
Thursday, February 19, 2015
Canadian Supreme Court Ruling Excluding Lawyers from AML Monitoring »
A widely-anticipated ruling by the Canadian Supreme Court shielding lawyers from certain anti-money laundering-related cli...
Thursday, January 15, 2015
Money Laundering Through Longstanding Trade Gaps Calls for Better Cross-border Data Analysis »
There is a reason why laundering through global trade has remained one of the choice routes criminals have turned to clean...
Thursday, January 8, 2015
Leading experts sound off on 2015’s top financial crime challenges, from trade risks to data-sharing »
ACFCS recently reflected on  the most relevant financial crime issues of 2014 , covering trends within the fields o...
Wednesday, November 26, 2014
Increasing number of SARs, more detailed data breaking big cases despite calls for feedback »
From multi-billion dollar enforcement actions against banks and penalties in the millions against money services businesse...
Thursday, November 6, 2014
Top 10 issues addressed at the FATF Plenary Meeting »
The Financial Action Task Force Plenary Meeting took place October 22 – 24, 2014 in Paris, France. The inter-governmental...
Thursday, October 23, 2014
FinCEN order targeting LA’s fashion district »
A rarely used power recently employed by the US Treasury that imposed anti-money laundering-type obligations on a wide ran...
Thursday, September 18, 2014   (0 Comments - view/add)
Trade-based laundering, BMPE becoming in vogue again as traffickers expose longstanding gaps »
In the sanguinary business affairs of Mexican narco-cartels, the latest fashionable method of laundering the proceeds of i...
Thursday, September 18, 2014
Upcoming FATF assessment, plummeting intelligence prod renewed regulatory scrutiny of U.K. solicitor »
An upcoming evaluation of the United Kingdom’s financial crime countermeasures along with a drop in the quantity and quali...
Friday, September 12, 2014   (0 Comments - view/add)
In Face of Rising Value and AML Compliance Profile, Gold and Precious Metals Sectors Draw Criminals »
For more than a decade, the precious metals and gems sectors have been highlighted by law enforcement as being an increasi...
Thursday, September 11, 2014
Trade-based Laundering, Lack of Transparency Fuel Surge of Brazil’s Illicit Financial Flight »
The economy of Brazil has seen an explosion of growth during the past two decades – a consequence  of its wealth of c...
Saturday, August 30, 2014   (0 Comments - view/add)
Poll results: At financial institutions, cross-border information sharing »
Last week, ACFCS asked its members what seems to be the question du jour for financial institutions: how prepared are they...
Wednesday, August 13, 2014   (0 Comments - view/add)
SAR data reveals few institutions willing to bank the marijuana industry, despite FinCEN and DOJ »
Earlier this year, as marijuana legalization took effect in the US states of Colorado and Washington, questions swirled ov...
Thursday, August 7, 2014
Financial crimes in Africa – what investors and institutions should know »
This article was contributed by David Hotte and Pinki Mahata, consultants and financial crime experts with the leading la...
Wednesday, July 30, 2014
As human smugglers turn to US banks to launder proceeds, enforcement agencies go on the offensive »
In an effort to allay a humanitarian crisis along the US-Mexico border, US law enforcement and regulatory agencies have la...
Thursday, July 24, 2014
In money laundering case, US court grants prosecutors broad access to private email account »
Financial criminals seeking to communicate on their money laundering operations may want to avoid using Gmail to do so. Th...
Wednesday, June 11, 2014
With lawsuit against FinCEN and US Treasury Secretary, Macau bank fights its ‘death sentence’ »
One of the most potent anti-money laundering tools in the enforcement arsenal of US regulators is being challenged in a Wa...
Wednesday, May 14, 2014
Lawyers navigate rising financial crime risks amid debate over regulation for ‘gatekeepers’ »
While serving a prison sentence, a convicted drug trafficker in Texas was able to transfer proceeds from his narcotics sal...
Monday, April 21, 2014   (0 Comments - view/add)
In global battle against human trafficking, financial institutions lead the way »
Every 30 seconds, the criminal industry of human trafficking makes more than $30,000. That statistic, calculated from e...
Wednesday, January 22, 2014
States legalize marijuana, but money laundering laws block banking relations »
It is a booming industry with multi-billion dollar revenues, a broad customer base, and projections of explosive growth. Y...
Tuesday, November 12, 2013
Role of digital currencies in financial crime emerging as regulators ponder action »
With the continued popularity of online gaming and our society’s relentless push toward digitization and mobility, virtual...
Tuesday, November 5, 2013
US courts focus on Bitcoin role in financial crime, FBI agent gives details »
Financial crime specialists navigating the uncharted territory of virtual currencies trying to see how it plays in various...
Wednesday, June 5, 2013
$6 billion Liberty Reserve money laundering case ratchets up regulatory pressure on digital currenci »
In a global operation that dismantled an alleged $6 billion money laundering scheme, US law enforcement agents took down t...
Tuesday, February 26, 2013
With attached spreadsheets and all, first wave of new electronic SARs hits FinCEN as deadline looms »
Exactly 17 years after the US Financial Crimes Enforcement Network issued the Suspicious Activity Report as a consolidated...
Tuesday, January 15, 2013
As filers prepare to file the new SAR, FinCEN tells them the 17 words they can never use in the form »
Those who remember George Carlin will recall his hilarious spoof of “The 7 Words You Can Never Say on Television.” The US...

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