Fincrime Briefing: Seven fincrime ‘fixes,’ OCC offers AML fintech update on automating SAR filings, Venezuela corruption underlings, and more

By Brian Monroebmonroe@acfcs.orgNovember 7, 2019 Quote of the Day: “A lost battle is a battle one thinks one has lost.” – Jean-Paul Sartre, French existentialist philosopher  In today’s ACFCS Fincrime Briefing, Jim Richards offers seven “fixes” for bolstering fincrime compliance, OCC offers guidance in letter for bank automating structuring SAR filings, Venezuela corruption investigation, and more.  […]

Fincrime Briefing: Deutsche Bank files SAR on itself, video game ‘Counter-Strike’ taken over by fraudsters, investors sue Danske Bank in wake of laundering scandal, and more

By Brian Monroe bmonroe@acfcs.org November 4, 2019 Quote of the Day: “Imagine if you had baseball cards that showed all the performance stats for your people: batting averages, home runs, errors, ERAs, win/loss records. You could see what they did well and poorly and call on the right people to play the right positions in a […]

ACFCS Scholarship Spotlight: In quest to counter cypto crime, Amr Rashed works to build capacity, share understanding on how launderers, terror groups game virtual value

By Brian Monroebmonroe@acfcs.orgNovember 4, 2019 Amr Rashed deeply understands the duality of the nascent but burgeoning cryptocurrency sector. As Head of International Cooperation for the Egyptian Money Laundering Combatting Unit (EMLCU), he has made it his mission to better understand how criminals, terrorists and money laundering syndicates can use virtual worlds to legitimize sullied funds and […]

Fincrime Briefing: In historic vote, House passes bill to counter shells, bolster AML, Finra fines BNP $15 million on AML, penny stocks, and more

By Brian Monroe bmonroe@acfcs.org October 24, 2019 Quote of the Day: “I am grateful for what I am and have. My thanksgiving is perpetual.” – Henry David Thoreau In today’s ACFCS Fincrime Briefing, the House in a historic vote moves forward bill targeting anonymous shell firms, strengthening AML defenses, Finra fines BNP Paribas $15 million on […]

Fincrime Briefing: FATF update – Laundering risks from ‘stablecoins,’ more AML pressure on Brazil, McKinsey tackles cyberrisk, Stanford Ponzi settlement, and more

By Brian Monroe bmonroe@acfcs.org October 21, 2019 Quote of the Day: “Our ambition should be to rule ourselves, the true kingdom for each one of us; and true progress is to know more, and be more, and to do more.” – Oscar Wilde In today’s ACFCS Fincrime Briefing, FATF details global money laundering risks from crypto […]

Fincrime Briefing: UBS pays to settle laundering probe, U.S., South Korea take down largest crypto-fueled child exploitation site, DOJ guidance on fines when you can’t pay, and more

By Brian Monroe bmonroe@acfcs.org October 17, 2019 Quote of the Day: “To be yourself in a world that is constantly trying to make you something else is the greatest accomplishment.” – Ralph Waldo Emerson In today’s ACFCS Fincrime Briefing, UBS pays more than 10 million euros to settle tax, laundering probe, U.S., South Korea, Chainalysis and […]

Fincrime Briefing: White House issues executive orders limiting agency guidance, EU AML update, new sanctions target Guptas on graft, and more

By Brian Monroe bmonroe@acfcs.org October 10, 2019 Quote of the Day: “Gratitude is the sign of noble souls.” – Aesop, famous Greek fabulist  In today’s ACFCS Fincrime Briefing, the White House issues two executive orders to limit agency ability to issue guidance, EU officials plan stronger AML oversight, enforcement, U.S. targets Gupta family network tied to […]

New non-profit aims at better arming banks, protecting victims against human trafficking by bolstering public-private partnerships, data sharing

Human trafficking By Aaron Kahler, founder, and Adam Furlough, Intelligence Development Manager, ATIIOctober 9, 2019 With minor editing and content additions by ACFCS VP of Content, Brian Monroe A bevy of the brightest minds in financial crime compliance and investigating criminal networks, a broad group cumulatively commanding decades of experience, is taking on one of the sector’s […]