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 […]

Fincrime Briefing: GAO tackles SARs, FinCEN feedback gap, U.K. evades U.S. in Iran sanctions settlement, major Brazilian banks accused of laundering, and more

By Brian Monroe bmonroe@acfcs.org October 4, 2019 Quote of the Day: “Everyone is struggling with something, either inside or outside, be it physically, mentally or emotionally. Be kind. Be caring. Be the reason that someone else smiled today and felt included, accepted and supported.” – Brian Monroe  In today’s ACFCS Fincrime Briefing, GAO reviews bank SAR […]

Fincrime Briefing: SEC fines Barclays for corruption in ‘princelings’ scandal, Swedbank fires top execs amid laundering probe, Tanzania AML enforcement uptick, and more

By Brian Monroebmonroe@acfcs.orgOctober 1, 2019   Quote of the Day: “March on. Do not tarry. To go forward is to move toward perfection. March on, and fear not the thorns, or the sharp stones on life’s path.” – Khalil Gibran In today’s ACFCS Fincrime Briefing, SEC fines London’s Barclays more than $6 million for illicit referral […]

Fincrime Briefing: U.S. sanctions Iran’s central bank, Dutch banks team up on money laundering, TRACCC tackles TBML, and more

By Brian Monroe bmonroe@acfcs.org September 23, 2019 Quote of the Day: “When you show deep empathy toward others, their defensive energy goes down, and positive energy replaces it. That’s when you can get more creative in solving problems.” – Stephen Covey, author of “The 7 Habits of Highly Effective People”   In today’s ACFCS Fincrime Briefing, the […]

Fincrime Briefing: FinCEN AML compliance innovation update, OFAC ‘U-turn’ on Cuba, ACFCS Scholarship Spotlight, and more

By Brian Monroe bmonroe@acfcs.org September 19, 2019 Quote of the Day: “Ever tried. Ever failed. No matter. Try Again. Fail again. Fail better.” – Samuel Beckett In today’s ACFCS Fincrime Briefing, FinCEN fincrime compliance innovation update, OFAC makes U-turn on U-turn transactions as sanctions tighten on Cuba, ACFCS Human Trafficking Scholarship Spotlight, and more.  Please enjoy […]

Scholarship Spotlight: Three ‘Ps’ propel Festus Aisagbonhi in fight against human trafficking – Prevention, protection, prosecution

By Brian Monroe bmonroe@acfcs.org September 11, 2019  Festus Aisagbonhi knows that one of the greatest allies for criminals is when people – whether they are compliance professionals, investigators and even potential victims – don’t even understand the crime, or know the underlying human and financial red flags. That’s why as Head of Conduct and Compliance at […]

Scholarship Spotlight: Stronger bank information sharing, public-private partnerships key to countering human trafficking, says Rosie McWhorter

By Brian Monroebmonroe@acfcs.orgSeptember 10, 2019 Trying to counter a crime as complex and nuanced as human trafficking – with criminal networks in recent years more aggressively weaving transactions in crypto coins and dispersing them through seemingly unconnected credit and prepaid cards and bank accounts – is a team effort, says Rosie McWhorter.   As a senior […]

Fincrime Briefing: Congress scrutinizes Deutsche Bank on AML, fines fuel EU de-risking, malware hijacks crypto blockchain, and more

By Brian Monroe bmonroe@acfcs.org September 9, 2019 Quote of the Day: “Let us make our future now, and let us make our dreams tomorrow’s reality.” – Malala Yousafzai In today’s ACFCS Fincrime Briefing, Congress grills Deutsche Bank on anti-money laundering, counter-corruption controls, flurry of EU bank AML fines prompts new wave of de-risking, virulent malware […]