ACAMS

In this episode of ACAMS Live, Craig Timm discusses the key takeaways from the recent Law Enforcement Seminar. 1️⃣ Whistleblowers are the number one source of new cases against financial institutions and their employees, according to Michael Grady, Chief, Bank Integrity Unit, U.S. Department of Justice, Criminal Division. This is attributed to Financial Crimes Enforcement Network, US Treasury's (FinCEN) whistleblower program, part of the AML Act 2020. 2️⃣ Threat of AI. The Federal Bureau of Investigation (FBI), IRS Criminal Investigation,U.S. Department of Justice (DOJ), and Brooklyn District Attorney's Office present concerning trends including account takeovers and deep fakes, where criminal use of AI is evolving and increasing in sophistication. 3️⃣ Effective engagement on subpoenas is critical for law enforcement. However, poor communication and lack of understanding waste resources. ACAMS Making Subpoena Process More Effective Toolkit addresses some of these challenges. (link in the comments). Did you attend the seminar? What were your takeaways? Have you had a positive experience where a public-private partnership made a difference? Let us know in the comments. #LawEnforcement #ACAMSLive #AML

📢 Transform Your Financial Crime Prevention Strategies 📢 Unlock exclusive insights with 4 deep dives designed to revolutionize your approach to risk management, SARs, whistleblowing, and law enforcement collaboration. 🔍 Uncover Hidden Risks: Learn from HSI's Operation Dirty Laundry to pinpoint specific institutional vulnerabilities and safeguard your organization. 🕵️♀️ Optimize Your SARs: Discover techniques to enhance your SAR filings, providing actionable leads that make a real difference to law enforcement. 🚨 Navigate the Whistle-blower Landscape: Understand the impact of new whistle-blower laws and proactively address employee concerns to maintain a compliant and ethical workplace. 🎯 Learn from the Best: Gain valuable insights from top SAR reviewers and investigators on creating impactful reports that drive significant results. Ready to join? Take part in The Assembly Las Vegas this September (in person or virtually) and get exclusive insights while networking with industry leaders: https://bit.ly/49Xgkc0

Exciting News for U.S. Veterans! 🌟 We're thrilled to announce that ACAMS has teamed up with the Bob Woodruff Foundation for an incredible scholarship initiative designed to help military veterans transition to civilian life. This collaboration brings together seasoned veterans and individuals working in the anti-financial crime (AFC) sector to better support veterans in their next career move. Here’s what we are offering to 20 eligible veterans: ✅ Certified Anti-Money Laundering Specialist (CAMS) Certification exam package ✅ Access to the CAMS virtual classroom ✅ One-year ACAMS membership Here’s what we’re offering to all applicants: ✅ Access to job openings, mentorship and resources across the US on the Bob Woodruff Foundation’s hiring portal (JobPath), a comprehensive portal for veterans seeking opportunities in corporate America. Whether you are transitioning from military service or looking to advance your civilian career, JobPath offers valuable tools and connections to help you succeed in the corporate world. Explore the portal today to discover how you can leverage your skills and experience in new and rewarding ways! Apply today and take the next step in your professional journey! ⏰ We have extended the application deadline to July 12, 2024! ⏰ https://bit.ly/4bcTpK6 #Veterans #Scholarship #ACAMS #BobWoodruffFoundation #AFC #CareerTransition #SupportOurVeterans #CAMS #AFC #AML #VeteransInFinance #EmpowerVeterans #ACAMSscholarship

The ACAMS June Sanctions Watch is now live! In this month's edition, Justine Walker, Sam Cousins, CGSS and George Voloshin, CAMS CGSS are joined by John Smith, Morrison Foerster. Their discussion includes: - The June 12 US sanctions package on Russia, including the resulting increased secondary sanctions risk for foreign financial institutions. - The EU 14th package and latest UK package on Russia - Developments concerning frozen Russian assets - BIS prohibitions on Kaspersky Lab, Inc. - Wider sanctions developments, including drug trafficking and recent enforcement actions Watch now: https://bit.ly/3L0nJND

The financial crime landscape is in constant flux, and artificial intelligence (AI) is at the forefront of this transformation. Join us for an engaging ACAMS Live episode where Craig Timm, Senior Director of AML at ACAMS, teams up with Ian R., Head of Enterprise Compliance at Coinbase. They’ll dive into AI’s revolutionary impact on financial crime prevention and how it’s reshaping our strategies. Ian will share firsthand experiences of Coinbase’s AI applications, revealing the real-world benefits they’ve unlocked. This is a golden opportunity for anti-financial crime (AFC) professionals to gain valuable insights and stay at the cutting edge of technology and compliance. 𝐉𝐨𝐢𝐧 𝐭𝐡𝐞 𝐂𝐨𝐧𝐯𝐞𝐫𝐬𝐚𝐭𝐢𝐨𝐧 This session is set to be both thought-provoking and essential for those in the AFC field. Join us! #AI #ACAMSLive #AML #compliance

George Voloshin, CAMS CGSS, Global Expert, Anti-Financial Crime discusses with Aliya Shibli from The Banker, the challenges banks will face under new requirements laid out in Article 5r of Council Regulation (EU) 833/2014 and in European Commission guidance. Under the obligations, EU banks must produce biannual reports on all funds transferred from an EU entity to any non-EU country, where transactions exceed €100,000 quarterly and originate from a more than 40% Russian-owned entity. Banks have until July 15 to comply with the new reporting requirements for the initial six-month period ending June 30. Read the full article here 👉 https://lnkd.in/e2-sDBhk #EU #banks #russia

BREAKING NEWS: A draft regulation instructing banks how to incorporate eight national AML/CFT priorities into their compliance programs has cleared the White House, paving the way for its introduction. Read more in front of the paywall, on ACAMS moneylaundering.com: https://lnkd.in/gjJYpWKA #AML #CFT #fraud #cybercrime #compliance #FinCEN #moneylaundering

Crave in-depth learning and collaborative problem-solving? Level up your skills at The Assembly Las Vegas 2024 with two cutting-edge workshops: 💔 Workshop A: Breaking Up Romance/Crypto Fraud Scams: Learn to fight back against the devastating "pig butchering" scams that are sweeping the nation. Gain insights into the latest tactics used by criminals and discover how to educate your front-line staff and collaborate with law enforcement to protect your customers. 🤖 Workshop B: AI'm on to you: How Artificial Intelligence Is Supercharging Fraud: Dive into the dark side of AI and uncover how criminals are exploiting this powerful technology to commit fraud. Through hands-on exercises and real-world case studies, you'll gain the knowledge and skills you need to stay one step ahead of these tech-savvy criminals. Get your main conference pass + register for these workshops taking place on September 22, 2024: https://bit.ly/49Xgkc0 (Separate registration required) #ACAMSAssembly

Last chance to register for the FREE webinar "In Focus: Mid-Year Review, Assessing Year-to-Date AFC Issues and Challenges": https://bit.ly/3KZwhUK Join us on June 28, 2024, from 10:00 AM to 11:15 AM ET for the latest updates on global anti-financial crime developments in 2024. Don't miss this deep-dive discussion providing possible glimpses into what the rest of this year may hold. 🗓️ Date: June 28, 2024 ⏰ Time: 10:00AM - 11:15AM ET We welcome all AFC professionals to join us! #ACAMS #AntiFinancialCrime

📣 Sanctions professionals: Stay on top of constantly evolving sanctions with our Certified Global Sanctions Specialist (CGSS) Certification. Now with four stackable certificate courses, covering: • Sanctions Frameworks and Governance • Building a Sanctions Compliance Program • Detecting and Investigating Sanctions Evasion Techniques • New: Sanctions Compliance Case Studies Stay on top of sanctions best practices. Enroll today! https://bit.ly/4bWoGCo #Sanctions