ACAMS’ Post

Read Florence Hui's practical advice on how organizations can navigate emerging challenges and maximize the efficiency of their AFC program. https://bit.ly/3WfyOk7 ACAMS Today #acamsforbusiness #antifinancialcrime #afcacademy

🚨Financial Crimes Enforcement Network, US Treasury (FinCEN)'s much-anticipated Notice of Proposed Rulemaking (NPRM) on anti-money laundering (AML) and countering the financing of terrorism (CFT) programs is here!🚨 In this episode of ACAMS Live, Craig Timm provides a breakdown of the notice: ✅ Emphasizes effective, risk-based programs. This means tailoring your AML/CFT program to your institution's specific risk profile – a win for efficiency and effectiveness! ✅ Risk Assessments become mandatory. ✅ Encourages incorporating national AML/CFT priorities for a targeted approach to combating financial crime. However, a key question remains. The definition of an "effective, risk-based and reasonably designed” program feels more aspirational than actionable. How will this translate into real-world implementation? This is where your voice matters! FinCEN is actively seeking public comment – a crucial opportunity to shape the future of AML/CFT regulations. ️(see links in the comments) Join the conversation! Share your thoughts on the NPRM in the comments below. For a deeper dive, stay tuned for our upcoming AFC Regulatory Watch! 👉 https://bit.ly/3S2CdAe #AML #CFT #FinCrime #ACAMS #Regulation

📢 Today we are launching our first certification dedicated to fraud prevention. Fraud is growing, presenting new challenges for organizations and professionals worldwide. To help you respond effectively, we’ve developed the Certified Anti-Fraud Specialist (CAFS) Certification. The CAFS program covers fraud prevention, detection, and response strategies. You’ll learn how to implement robust fraud controls, safeguard customer assets, and mitigate losses. Pre-sale is available now, with special, limited-time pricing. Discover CAFS and secure your certification package today! 👉 https://bit.ly/3RyZpWx

How would you change your plans based on the new federal beneficial ownership registry? Ever wish you could have open, more honest, and definitely more casual conversations with your peers? LinkedIn is great to hear from the industry, but nothing beats an in-person event, where questions such as these can be asked openly! Bring your colleagues and join your peers in Toronto for The Assembly Canada https://bit.ly/4bUZX0Z and finally get answers to your burning questions. Whether you want to discuss complex thoughts with speakers, or just find out your peers' productivity tips in their roles, you'll have the time for meaningful engagement and leave filled with new found motivation and ideas.

BREAKING: FATF has accused the U.S., China and Australia of fueling illicit finance by not subjecting attorneys, real estate agents and other "gatekeeper" professions to AML requirements. Read in front of the paywall, on ACAMS moneylaundering.com: https://lnkd.in/gMRyGNmN #FATF #AML #RealEstate #Legal #Compliance #MoneyLaundering (Photo: Dave Center)

🏆 Celebrate our collective achievements! 🏆 The deadline to nominate your colleagues and peers for the ACAMS Global Awards is July 15! It’s the time to recognize outstanding contributions within our international anti-financial crime community. With an exceptional group of professionals making great strides daily, we rely on you to highlight the individuals who have stood out to you the most. This is your last chance to recognize their achievements in combating financial crime. There are 4 Global ACAMS Awards you can nominate your peers for: * ACAMS AFC Professional of the Year * ACAMS Rising AFC Professional of the Year * ACAMS Today Article of the Year * ACAMS Chapter or the Year 🗓️ Submissions will close early next week on July 15, 2024z Learn more and submit your nominations here: https://bit.ly/44EwKUQ ✨ Winners will be proudly revealed during The Assembly Las Vegas at The Aria Resort & Casino. Book your ticket today. https://bit.ly/3qXE4Mb

Attention U.S. Veterans: Your mission to serve and protect doesn't end with your military service. Financial crime prevention is a new battlefield, and your unique skills are needed. That's why we created a scholarship, designed by veterans for veterans, to help you continue your service in the fight against financial crime. With this scholarship, you can earn the Certified Anti-Money Laundering (CAMS) credential at no cost, opening doors to a rewarding career protecting the financial system. Hear from fellow veterans who are already making a difference in this field. 20 scholarships are available – apply today and continue your mission to serve! https://bit.ly/4bcTpK6 We have extended the scholarship deadline by 1 week! New Deadline: July 12, 2024

How can an effective company-wide AFC training program support your business outcomes? Whether you’re looking to upskill your staff, advance your board’s expertise, or future-proof your business for regulatory compliance, explore our AFC Academy. Schedule a free consultation: https://bit.ly/3ZyMTJF #acamsforbusiness #afcacademy #antifinancialcrime

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