Fincrime Career Tips and Tricks: Falling prey to ID theft scam fuels fight for instructor to illumine illicit tactics, preach prevention, vindicate victims

The Skinny: In this new initiative, ACFCS engages the fincrime compliance community for wisdom and practical insights on how to enter and rise in a fulfilling, but demanding and ever changing, field. We are asking minds across the spectrum and around the world of compliance officers, regulators and investigators to share some of their secrets […]

Special ACFCS Exclusive Contributor Report: Three ways compliance professionals can use AML, AI, contextual investigations and more to better protect their institutions from the growing threat of crypto crime

 The Skinny: The volatile crypto sector has in recent months captured more interest, legitimacy, value and mainstream acceptance, with high-profile tech leaders like Tesla founder Elon Musk jumping on board – setting up an eventual clash with compliance teams. That’s because along with crypto coins like Bitcoin eclipsing the $60,000 mark the volatility and opportunity […]

Federal regulators to banking industry: How do you use AI to fight financial crime, train data, mold models, secure cyber, serve customers?

The Skinny: The five top regulators of the country’s financial services sectors are querying the industry about the pros, cons, potential and prognostication tied to artificial intelligence, including in the areas of financial crime compliance. The U.S. Treasury’s Office of the Comptroller of the Currency (OCC), the regulator of the country’s largest and most complex […]

Fincrime Career Tips and Tricks: To achieve success as a government investigator, never stop learning, listening, looking through eyes of senior agents – and crafty criminals

The Skinny: In this new initiative, ACFCS engages the fincrime compliance community for wisdom and practical insights on how to enter and rise in a fulfilling, but demanding and ever changing, field. We are asking minds across the spectrum and around the world of compliance officers, regulators and investigators to share some of their secrets […]

ACFCS Member Spotlight: For PwC India AML leader Dhruv Chawla, compliance success a mix of regulatory responsiveness, investigator ingenuity, enduring empathy

The Skinny: As a partner at one of the world’s largest financial services consulting and audit firms, Dhruv Chawla is part of an elite group of professionals who must knit together, at times, seemingly divergent objectives – follow the letter of rote regulatory processes in a defensive posture to prevent criticism and follow the spirit […]

ACFCS Exclusive Contributor Report: Modern Day Cocaine Cowboys – More Drugs, Money and Methods, Key takeaways from latest U.S. drug threat assessment, strategy reports

The Skinny: In this special contributor piece, longtime fincrime compliance thought leader Dev Odedra, dissects and condenses more than 550 pages from three seminal annual reports covering illicit narco trafficking trends, threat groups, laundering tactics and the effectiveness of compliance laws at the country level to stop them. While not light bathroom perusing, the U.S. […]

Regional Report: As EU works to bolster AML across bloc in compliance offensive, gets defensive on blacklists, overlapping directives

The Skinny: European authorities are starting 2021 with a naming and shaming offensive against member countries not transposing compliance directives quickly enough, while at the same time getting defensive about the politics and methodologies for listing regions outside the bloc for perceived fincrime failings. The European Union Commission in its latest Infringements Package is again […]