Podcasts about acams

We're touching The Laundry down in a single country – to understand how it looks at financial crime and the lessons we can take from it.To start us off: we're going to the EU's second largest economy and the inventor of more than 1,000 types of cheese.Our expert host, Marit Rødevand, is joined by Gabriel Vedrenne, Senior Reporter at ACAMS, to discuss: everything you need to know about financial crime in France. The pair discuss: why 2012 was such a crucial year for France's approach to financial crime, how its financial regulator thwarted terror attacks at the Olympics, and the regulation coming up which compliance professionals should be taking paying attention to.Producer: Matthew Dunne-MilesEditor: Dominic DelargyEngineer: Nicholas Thon____________________________________The Laundry podcast: Dive deep into the intricacies of financial crime, AML (anti-money laundering), compliance, sanctions, and the ever-evolving landscape of financial regulation.Hosted by Marit Rødevand, Fredrik Riiser, and Robin Lycka – this podcast features renowned experts from banking, fintech, compliance, and investigative journalism.Together, they shed light on the industry's trending topics, analyse mainstream news through a compliance-focused lens, and connect the fight against financial crime to its real-world consequences and ramifications.The Laundry is proudly produced by Strise.Subscribe to our newsletter, Fresh Laundry, here.Get in touch at: laundry@strise.aiThe views, opinions, and statements expressed by guests of this podcast are solely their own and do not necessarily reflect the views, opinions, or positions of the podcast hosts, The Laundry team, or Strise. Hosted on Acast. See acast.com/privacy for more information.

In this episode of “Financial Crime Matters”, Kieran talks with ACAMS colleague, Craig Timm, Senior Director of AML at ACAMS. Craig and Kieran do a deep dive into the recent settlements by TD Bank with the US Department of Justice, the Federal Reserve Board, the Office of the Comptroller of the Currency, and the Financial Crimes Enforcement Network that resulted in more than $3 billion in monetary penalties, ongoing remediation and monitorships, as well as the prosecution of two bank insiders. With more individual prosecutions likely, Craig and Kieran layout the lessons for financial institutions from settlements and discuss how compliance professionals can protect themselves from culpability when their financial institutions go astray.

In the third episode of Season 12 of Compliance Clarified, Todd Ehret, senior regulatory intelligence expert, is joined by Brett Wolf for an insightful discussion on his takeaways from the recent ACAMS conference in Las Vegas.Brett Wolf is an award-winning journalist and our resident expert on AML, financial crime, and sanctions for Thomson Reuters Regulatory Intelligence.Brett shares his insight on various discussions at ACAMS and FinCEN's recently proposed rule that would amend financial institutions' AML program requirements. He also offered his take on the latest developments with AI and the industry efforts surrounding the nascent technology and the Corporate Transparency Act and beneficial ownership reporting as FinCEN continues its push to implement the statute.For more information on the podcast and additional resources, see the links below.Links: Todd Ehret LinkedIn: www.linkedin.com/in/todd-ehret-91827264/Brett Wolf LinkedIn: www.linkedin.com/in/amlwolf/Link to recent article by Brett WolfU.S. FinCEN reviews comments on proposed changes to AML program rule, bank regulators still accepting feedback: www.linkedin.com/posts/amlwolf_fincen-rulemaking-activity-7245212104629051392-Nu36?utm_source=share&utm_medium=member_desktopThomson Reuters Regulatory Intelligence content https://regintel-content.thomsonreuters.com/ Compliance Clarified is a podcast from Thomson Reuters Regulatory Intelligence.Listen to wide-ranging, insightful discussions on all things compliance for financial services firms. We delve into the hot topics of the day, the challenges faced and offer up practical ideas for emerging good practice. We de-mystify regulation and explore the art, as well as the science, of the ever-expanding role of the compliance officer.  Enforcements, digital transformation, regulatory change, governance, culture, conduct risk – anything and everything impacting the compliance function is up for discussion.

Understanding Canada's Enhanced Regulatory Regime, with Jacqueline Shinfield. In this episode of “Financial Crime Matters,” Kieran talks with Toronto-based attorney Jacqueline Shinfield, co-lead of Blakes' Financial Services Regulatory Group. Jackie details the unfolding revolution in Canadian anti-money laundering and counter terror finance, including creation of a safe harbor for information sharing among FINTRAC regulated entities and new sanctions reporting requirements. Setting the stage for ACAMS upcoming “The Assembly Canada” November 6 and 7, Jackie also talks about how far Canada has come since the Cullen Commission Report by explaining the new role title insurers will play in verifying beneficial ownership in real estate transactions and the new powers FINTRAC will have to examine foreign interference in Canada's financial system.

In the second episode of Season 11 of Compliance Clarified, Todd Ehret, senior regulatory intelligence expert, is joined by Jacob Denman for a wide-ranging discussion on the growing trend of elder financial exploitation.Jacob Denman is with Thomson Reuters Risk and Fraud Solutions and Partnerships and Alliances. Prior to joining Thomson Reuters, Jacob worked in law enforcement and then for several large banks in their financial crimes and special investigations departments. Jacob is on the Board of Directors of the Minneapolis St. Paul chapter of the Association of Certified Fraud Examiners (ACFE). He is also a Certified Anti-Money Laundering Specialist with ACAMS. In the past few weeks, the Financial Industry Regulatory Authority (FINRA), the U.S. Treasury's Financial Crimes Enforcement Network (FinCEN), and the non-profit organization AARP (formerly known as the American Association of Retired Persons) have all issued crucial warnings and guidance on the pressing issue of elder financial crime.Denman sheds light on the alarming surge in scams and frauds targeting the elderly. He attributes this rise to two key factors: the rapid advancements in technology and the isolation experienced by the elderly during the Coronavirus pandemic, which led to a shift in their financial management from in-person to technology-based methods.For more information on the podcast and additional resources, see the links below.Links: FINRA Threat Guidance: www.finra.org/rules-guidance/key-topics/senior-investors/tip-protecting-vulnerable-adult-senior-investorsFinCEN Elder Financial Exploitation Alert: www.fincen.gov/news/news-releases/fincen-issues-analysis-elder-financial-exploitationThomson Reuters Special Report on the soaring number of SARs filings: www.thomsonreuters.com/en-us/posts/wp-content/uploads/sites/20/2023/06/Suspicious-Activity-Reports-2023.pdfAARP Report: https://press.aarp.org/2024-05-08-AARP-Report-Elevated-Risks-of-Fraud-Are-Pervasive-in-AmericaTodd Ehret LinkedIn: linkedin.com/in/todd-ehret-91827264/Jacob Denman LinkedIn: linkedin.com/in/jacob-denman/Thomson Reuters Regulatory Intelligence content: regintel-content.thomsonreuters.com/ Compliance Clarified is a podcast from Thomson Reuters Regulatory Intelligence.Listen to wide-ranging, insightful discussions on all things compliance for financial services firms. We delve into the hot topics of the day, the challenges faced and offer up practical ideas for emerging good practice. We de-mystify regulation and explore the art, as well as the science, of the ever-expanding role of the compliance officer.  Enforcements, digital transformation, regulatory change, governance, culture, conduct risk – anything and everything impacting the compliance function is up for discussion.

Traffiking and Slavery. Follow the Money. Such an important addition to the investigation and interruption of crimes that are conservatively put at costing over 150 Billion dollars a year. Karim Rajwani, B.A, F.C.A. C.P.A. ACAMS talks to me of his extensive history in several settings helping combat these scourges on our communities. We discuss the growth of these crimes as well as strategies adopted to support law enforcement. We talk about the huge need for more training, awareness raising accross the world. So much known yet so much to do including practical ideas that everyone can help with--such as challenging your own financial providers-banks, insurance companies etc - to say what training their staff has had in methods to shine a light on traffikers, slavery in all its forms and child exploitation. Currently he is an independent Financial Crimes Consultant advising financial instructions, consulting firms and FinTech's and is also on several NGOs/NPOs advisory boards focused on fighting human trafficking and child sexual exploitation. The post 156 Traffiking and Slavery. Follow the Money. appeared first on Thoughts On The Social World.

In this episode Rachel Wolcott, senior editor, welcomes special guest Justine Walker to the podcast. Justine is the Association of Certified Anti-Money Laundering Specialists' (ACAMS) global head–sanctions, compliance, and risk and its vice-president for thought leadership. She is an expert on sanctions, counterterrorism, and financial crime she has held specialist positions within the UK's Financial Conduct Authority, HM Treasury, the United Nations Office on Drugs and Crime and UK Finance.Russia's invasion of Ukraine in 2022 ushered in a new set of unprecedented sanctions, including the imposition of a novel oil price cap, meant to stop Russia selling oil above $60 a barrel. But Russia seems to be able to get everything it needs to keep the war going. Justine expects enforcement action to unfold as the year progresses."We're entering into a much more aggressive phase regarding the price cap, we've got new price capacitation requirements, we've had a flurry of new guidance. We're probably going to see this play out in terms of more enforcement, and I think this year is going to be pretty informative in terms of how the oil price cap will end up being in terms of a longer-term tool," Justine told Compliance Clarified.Justine emphasized the importance of Executive Order 14114, signed last year by President Biden, which ratchets up secondary sanction risk for non-U.S. financial institutions which give direct support to Russia's military-industrial base but also for indirect assistance, such as facilitating customers' dealings or providing services to customer transactions related to Russia's military-industrial base.Justine explained the convergence of export controls with anti-money laundering (AML) and sanctions compliance. She emphasized the need for financial institutions to be proactive in identifying sensitive technologies and strategic trade, which are increasingly becoming a focus for the Group of Seven governments."One of the big challenges is this merger between export control requirements, AML and sanctions. There's been more of a nexus between AML and sanctions, but the nexus with export controls has not been there to what we're now seeing is being asked. We're seeing much greater expectations from governments, that financial institutions will become more proactive in their thinking around their role in sensitive technology, strategic trade, export control, and that is a whole area of speciality in itself" Justine said.Links:ACAMS's Global Threat Report: https://www.acamstoday.org/global-afc-threats-report/INSIGHT: Latest U.S. warnings to foreign banks doing significant Russia business may herald sanctionsenforcement action Inside Paywall: http://go-ri.tr.com/3ZIw6BOutside Paywall: https://regintel-content.thomsonreuters.com/document/I899083B0DCA811EE925AD4411E508A2D/INSIGHT:-Latest-U.S.-warnings-to-foreign-banks-doing-significant-Russia-business-may-herald-sanctions-enforcement-action-07-03-2024U.S. targets Russian "malign activities" linked to Wagner Group in Central African Republic: https://regintel-content.thomsonreuters.com/document/I87D16B80DD8D11EE985CDDFFB3F5522A/U.S.-targets-Russian-'malign-activities'-linked-to-Wagner-Group-in-Central-African-Republic-11-03-2024EU sanctions: new rules to crack down on violations | News | European Parliament: https://www.europarl.europa.eu/news/en/press-room/20240308IPR19002/eu-sanctions-new-rules-to-crack-down-on-violationsPrevious episodes:Season 10, Episode 5: How Mekong region organized crime built a global cryptocurrency money laundering network: https://podcasts.apple.com/gb/podcast/season-10-episode-5-how-mekong-region-organized-crime/id1548510826?i=1000646371712Season 9, Episode 8: Hamas, terrorist financing and the U.S. response to the 7 October attack: https://podcasts.apple.com/gb/podcast/season-9-episode-8-hamas-terrorist-financing-and-the-u/id1548510826?i=1000635015943Series 9, Episode 3: North Korea, Russia, crypto and changing attitudes to sanctions in Asia: https://podcasts.apple.com/gb/podcast/series-9-episode-3-north-korea-russia-crypto-and/id1548510826?i=1000631061413Contact us:Rachel.wolcott@thomsonreuters.comMore information about Thomson Reuters Regulatory Intelligence: https://legal.thomsonreuters.com/en/products/regulatory-intelligence Compliance Clarified is a podcast from Thomson Reuters Regulatory Intelligence.Listen to wide-ranging, insightful discussions on all things compliance for financial services firms. We delve into the hot topics of the day, the challenges faced and offer up practical ideas for emerging good practice. We de-mystify regulation and explore the art, as well as the science, of the ever-expanding role of the compliance officer.  Enforcements, digital transformation, regulatory change, governance, culture, conduct risk – anything and everything impacting the compliance function is up for discussion.

Welcome to "AI Lawyer Talking Tech." In today's episode, we uncover the remarkable journey of Sonja Ebron and Debra Slone, the dynamic couple driving innovation in the legal tech industry. Their startup, Courtroom5, is revolutionizing the Justice Tech sector by providing a unique platform to educate and empower individuals navigating the legal system without formal representation. Join us as we explore their personal and professional bond, the challenges and successes they've encountered, and the significance of their mission in democratizing legal support. This is a love story intertwined with entrepreneurship and a commitment to promoting justice and empowerment. In-house legal teams lead the way on AI20 Feb 2024Financial Thomson ReutersWhy CLM? Unlocking the power of contract lifecycle management for your legal team20 Feb 2024Financial Thomson ReutersEstablishing Trust In Generative AI20 Feb 2024Above The LawClauseBase Expands to Provide All-in-One Legal Drafting and Reviewing Within Word20 Feb 2024LawSitesLegal Rights of Podcasters19 Feb 2024Blubrry PodcastingUnveiling the Power of Legal Project Management: Driving Performance Through Data20 Feb 2024JD SupraWho Bears the Blame When AI Medicine Goes Wrong?19 Feb 2024American Enterprise InstituteData privacy and GDPR litigation trends in Germany and beyond20 Feb 2024Financier WorldwideThe Garden Fence Dilemma: A Lesson In AI, Privacy, And Confidentiality In Legal Governance20 Feb 2024Above The LawWomen In AI: Rashida Richardson, senior counsel at Mastercard focusing on AI and privacy20 Feb 2024TechCrunchUnveiling the Power of Legal Project Management: Driving Performance Through Data20 Feb 2024LawVisionNew Research Shows Businesses Increasingly Open to Reframing Legal Department from Overhead to Capital Source20 Feb 2024Morningstar.comReaching 50k+ Learners, SkillBurst Interactive's Legal Innovation Lab Leads the Way in Generative AI Training for Law Firms Around the World20 Feb 2024Daily ItemLegal campaigners challenge UK.gov decision to redact NHS-Palantir contract20 Feb 2024TheRegister.comBest Use of AI in Legal Tech20 Feb 2024The Cloud Awards, SaaS Awards & Security AwardsNumber of cyber breaches at law firms up by 36% in a year20 Feb 2024Legal FuturesSquishmallows and Build-A-Bear enter legal battle over 'copycat' plush toys: What to know20 Feb 2024MSN United StatesWomen In AI: Lee Tiedrich, AI expert at the Global Partnership on AI19 Feb 2024TechCrunchLove and Legal Tech: Sonja Ebron and Debra Slone of Courtroom519 Feb 20243 Geeks and a Law BlogAI, other technology the “only answer” to AML challenges in evolving threat landscape, says ACAMS report20 Feb 2024Thomson Reuters InstituteLegally Disrupted Webinar #1: How to Evaluate Your Tech Partners in an Age of GenAI20 Feb 2024Zach Abramowitz is Legally DisruptedRisk of AI Abuse by Corporate Insiders Presents Challenges for Compliance Departments19 Feb 2024Debevoise Data BlogLitigation Finance: An Evolving Landscape19 Feb 2024North Carolina Journal of Law & TechnologyWhere is All the Legal Data?19 Feb 2024North Carolina Journal of Law & TechnologyAI in German Employment – Navigating the AI Act, GDPR, and National Legislation20 Feb 2024Hogan LovellsBCLP launches generative AI lease reporting tool powered by Orbital Witness20 Feb 2024Berwin Leighton PaisnerHHS finalizes Part 2 substance use disorder rules enhancing privacy protections and care integration19 Feb 2024Hogan Lovells

Kieran talks with ACAMS colleagues Justine Walker, head of global sanctions and AML risk, and Craig Timm, senior AML director, about the just released “ACAMS Global AFC Threats 2024.” Drawing on 788 in-depth interactions with anti-financial crime professionals that inform the report, Justine and Craig identify the top ten threats currently facing the global AFC community, including budget cuts at financial institutions, the rise of cyber-enabled crime, the fallout from global conflict, and more. While detailing the threats, Justine and Craig also talk about how anti-financial crime professionals are responding and how financial institutions can prepare for the threats in their own AFC efforts. Read the Global AFC Threats Report 2024 here: https://www.acamstoday.org/global-afc-threats-report

Guest on the podcast is a passionate compliance specialist who has experience in the first and second line of defense: Ekta Singh. She brings a wealth of knowledge and awareness of ethics, compliance, business management, current industry trends, and technological advancement in the Fintech, regulatory compliance, and RegTech areas. Ekta has a forward-looking approach to managing compliance and operational challenges. She has been in the Financial Industry for more than a decade and in her professional career she adored the role of Financial advisor, supervisor, Sales management, business head, and Risk & Compliance head. Her positive can-do attitude and problem-solving nature bring more to the table and she advocates that there is a thin line between business and good business.She holds 3 Master's Degrees, ACAMS and ICA certificates. She is also a Subcommittee member of Regtech at the Singapore Fintech Association, Active working group member of ACCESS, AML working group member at Global Digital Finance (GDF), Trainer at RHT academy and Fintelekt focussing on ethics & compliance, fraud management, risk assessment, and AML/CFT.  She also volunteers as a mentor at the iLead program and Stories of Asia (SOA).LinkedIn: https://www.linkedin.com/in/ekta-singh-cams-mba-ica-01bba13/Support the show

  Criminals don't respect borders, so their crimes and the money they make often move internationally.   Whether it is human trafficking, antiquities smuggling, or just plain fraud, when crime crosses boarders, the Department of Homeland Security gets involved.   In this episode, Raul Aguilar, Deputy Assistant Director for the Financial and Fraud division for Homeland Security Investigations describes what his agency does. HIS is the principal investigative arm of the U.S. Department of Homeland Security and is responsible for investigating transnational crimes and threats. It falls under the director of U.S. Immigration and Customs Enforcement and was created in 2003 when U.S. Customs and the Immigration and Naturalization Service merged.   In the podcast, Deputy Assistant Director Aguilar referred to operation Cornerstone. Links to its LinkedIn page and Web page are below:  HSI Cornerstone: Overview | LinkedIn  U.S. Immigration and Customs Enforcement (ICE) - Welcome! (govdelivery.com)  Information on the guide to organized retail crime can be found at these links:  HSI, ACAMS take aim at organized retail crime | ICE  Organized Theft Groups and Organized Retail Crime | ACAMS  This podcast was recorded on October 4, 2023. Things may have changed by the time you hear it.     

This week Elliot and John come to you from the ACAMS Assembly in Las Vegas. They discuss some of the highlights from sessions at the conference and talk about why the work of the financial crime compliance community is so important.

In this episode TRM's Ari Redbord sat down with Santa Clara Prosecutor Erin West of REACT Task Force at ACAMS in Las Vegas. Erin, the conference's keynote speaker, discussed her journey and why she has a laser focus on rooting out "pig butchering." In pig butchering, also-known-as "romance scams," scammers encounter victims on dating sites, social media websites, or even random texts masquerading as a wrong number. Scammers initiate relationships with victims and slowly gain their trust, eventually introducing the idea of making a business investment using cryptocurrency. Victims are persuaded to invest money and once the money is sent to the fake investment app, the scammer vanishes with all the victim's money. The term “pig butchering” comes from the idea of “fattening” up the victim as much as possible before stealing the money. These cases often involve victims who have lost their life savings, leaving the victims devastated and desperate for help. In this episode, Erin discusses the scourge of pig butchering and how she is leveraging blockchain intelligence to counter the threat including through the Tracer Fellowship program, a partnership with TRM Labs and her Crypto Coalition, through which TRM is offering a 12-month fellowship program which will award a select number of active law enforcement investigators free active to TRM's platform.

Despite Russia facing ever-tightening sanctions over its invasion of Ukraine, it has managed to keep up a steady trade with international markets, thanks to the Bosphorus waterway through Istanbul. RFI spoke to one man whose hobby is helping to thwart Russian sanctions-busting. Watching closely with his camera and telescopic lens, Yoruk Isik can see a Russian cargo ship announce its passage through the Bosphorus waterway on its way from a Black Sea Port to international markets."I'm interested in Russian foreign policy, and watching ships on the Bosphorus really gives clues about Russian foreign policy and what they are doing, who they're engaging [with]," Isik tells RFI."If there's a ship that I'm really, really interested in, I can go down by the water and take a better picture and explain the significance of it," he adds.Isik is an international analyst whose hobby for more than a decade is monitoring ships passing through Istanbul's Bosphorus waterway, known to locals as "the throat". West looks on as Turkey-Russia relations deepen following Sochi summit Turkey may be key to salvaging Ukraine's Black Sea grain exportsSpecial placeThe waterway divides the city of 20 million people between Asia and Europe and is the only outlet for the Black Sea."Here you can be in a cafe or tea house or walking on the street, and you can literally see the ships are passing, you know, hundreds of metres away from it. You can do without any special equipment. You can just read the ship [name], and follow the ship. So in that sense, it is a very special place," Isik says. He also points out that the waterway is essential for Russian trade and major military exports."All its military naval connection to the Mediterranean happens through the Bosphorus, and most of the ships passing in from the Bosphorus are related to Russia. This is the vital commercial and military route for Russia," he says.Russia also happens to be the world's most sanctioned country."Most of the people who are engaged in trade with Russia  are trying to hide their activities because they are worried that somehow some sanctions will come back and harm them," Isik says. Watching Russian shipsSince Russia's invasion of Ukraine, Isik has been focusing on Russian ships, working with an international network of volunteers and non-government organisations that share data online on their movement.Isik's website and Twitter have become a go-to resource for media. With ships often turning off their Automatic Identification System (AIS) that allows them to be tracked by international authorities, monitoring efforts by people like Isik are vital, say organisations that work to expose Russian sanction-busting ships."I think this ship monitoring is very valuable," explains George Voloshin, a global financial crime expert at ACAMS, a US-based watchdog."A common technique is to manipulate your AIS signal by just turning down your transponder or trying to manipulate it.""This makes it appear that the ship is in a different place, in a different location. All those leads are potentially valuable," he adds.Monitoring by the likes of Isik has helped expose Russia's exports of stolen Ukrainian grain and coal from Black Sea ports that it occupied in Ukraine.Moscow has denied the accusations. Turkish jurisdictionThe waters off Istanbul are under limited Turkish jurisdiction and are an international hub for hundreds of empty cargo ships and tankers that frequently change owners.Experts say this makes tracking difficult and creates conditions favourable to those seeking to circumvent a long list of sanctions."There are lots of ships here. There's a good ship market," says Isik."At the same time, Turkey offers major quality shipyards immediately to the east of Istanbul, actually violating sanctions more than the anchorage area in the shipyard. It's because Turkey is not part of EU and the US sanctions, which are not necessarily universal," Isik explains."We see many sanctioned vessels come in to get services from the shipyards to the east of Istanbul, and they are not breaking any domestic laws."Ankara refuses to enforce many international sanctions against Russia, claiming they're not bound by them. Trade between Russia and Turkey has surged since Russia's full-scale invasion of Ukraine. It is set to grow further, with Turkish and Russian Presidents committing themselves to increasing trade from $70 to $100 billion.That means more ships for Isik to follow. 

Recent tensions in relations between Ankara and Moscow had stoked hopes among Turkey's Western allies of a rupture in the close relationship. But a summit on Monday between Turkish President Recep Tayyip Erdogan and his Russian counterpart Vladimir Putin may have dashed those hopes, as they committed themselves to deepening their cooperation. Meeting at Russia's Black Sea resort Sochi on Monday, Erdogan failed in his bid to persuade Vladimir Putin to return to the 2022 UN-brokered Ukraine grain export deal as the Russian leader reiterated his stance that key sanctions against Moscow need to be lifted for any resumption of Ukrainian exports.Putin's rebuttal is a blow to Erdogan, given he was a key architect of the deal along with the United Nations Secretary general Antonio Guterres.But Erdogan's close relationship with Putin was seen to have cooled of late after he angered Moscow with his support for Ukraine's NATO membership bid.Bilateral cooperation securedBut the Turkish leader didn't leave the summit empty-handed, with the two leaders committing themselves to wide-ranging cooperation from tourism to energy to foreign aid.The bilateral deals will dash the hopes of Turkey's Western allies of a rupture in the Erdogan-Putin relationship."The Sochi meeting definitely demonstrated that the interaction grew between two sides between Russia and Turkey, and both sides are in certain way indispensable for each other," according to Russia expert Zaur Gasimov at Bonn University in Germany. "They continue to cooperate. They continue to interact. And a number of chapters in that book of cooperation between Moscow and Ankara grew tremendously since the last two or three years, and the Sochi meeting demonstrated that very clearly," Gasimov added.At the Sochi meeting, Putin said a deal between Russia, Turkey, and Qatar to supply a million tonnes of grain to six African countries was close to fruition – on Wednesday, Moscow confirmed Turkey's participation in the accord. Turkey may be key to salvaging Ukraine's Black Sea grain exportsFears of sanction 'loophole'Under the agreement, Turkey would process the grain into flour, with Putin adding that Turkey would also receive grain for its own market.  Experts warn, however, that Russia could use the deal to export stolen Ukrainian grain, breaching international sanctions, putting the spotlight on Ankara's stance of not enforcing Western sanctions against Russia – to which, Turkey says, it is not bound."Turkey is very important [to Russia]," said George Voloshin for ACAMS, a financial crime watchdog."There are many intermediaries in Turkey that help Russian interests, that help Russia procure goods from the West, including basic goods, as well as very sensitive goods."So it's really up to Turkey's government to make sure there's no re-exportation of European, American or UK goods into Russia. And I think there's a lot to do in this respect," added Voloshin.Since the European Union imposed sanctions on Russia, imports to Turkey from European countries have surged with a corresponding increase in exports from Turkey to Russia, fuelling suspicions companies in Europe are using Turkey to circumvent the sanctions. Erdogan hopes a U-turn can salvage Turkey's floundering economyTrade and infrastructure investmentsMeanwhile, Putin and Erdogan committed themselves to increasing bilateral trade from $70billion to $100billion, including turning Turkey into a regional hub for distributing Russian gas.The leader's discussions also included Russian companies starting construction of a second nuclear reactor in Turkey. Boosting trade and infrastructure investments are seen as vital for the ailing Turkish economy.Experts claim the Sochi summit characterized by smiling and relaxed leaders and a commitment to deepen cooperation underlines that despite recent strains between Ankara and Moscow, Erdogan is too important for Putin to lose."Putin cannot face losing Erdogan," says Columnist Ilhan Uzgel for the Kisa Dalga, a Turkish news portal. "So they [Moscow] tolerate anything Turkey is doing inside NATO membership. I mean, that is for sure."They don't care about what Erdogan is doing in his ties with Western countries and Western institutions," continued Uzgel. "They are more interested in what kind of cooperation they can have with Erdogan, and they cooperate in many, many areas."At least for now, some analysts say hopes of a diplomatic rupture between Ankara and Moscow are on hold, with Putin focusing more on areas of cooperation than points of difference.

Episode 26 With Abhishek Bali, CEO and Co-Founder of ZIGRAMAs the CEO and Co-founder of ZIGRAM, Abhishek Bali has over 15 years of expertise in Anti Money Laundering (AML), Financial Crime Compliance (FCC), data assets and third-party risk. Abhishek has worked on engagements and initiatives across the world, collaborating with organizations like KPMG, BMR Advisors, Dun & Bradstreet, and Axis Bank. He leads various business initiatives and data solutions that leverage machine learning, artificial intelligence, data assets and deep technology applications to solve real-world problems in the field of risk. Products and technologies developed by him are in the space of AML, politically exposed persons (PEPs), know-your-customer (KYC)/due diligence, adverse media alerts, country watchlists, sanctions, cannabis businesses, high-risk individuals and entity monitoring. Abhishek is ACAMS certified and a co-chair of the India chapter of the Association of Certified Financial Crime Specialists (ACFCS).He talks to Regulatory Ramblings' host Ajay Shamdasani about the state of AML and FCC in India, as well as the extent to which AI and machine learning can aid such endeavors, how India now has the largest concentration of AML and financial crime professionals in the world after the US, and what the drivers are of the country's explosion of FinTech use and development, and regulatory oversight over the past decade. A point Abhishek emphasizes is that India has come a long way and it is now easier to do wholesale monitoring of people and transactions nationwide than ever before.They also discuss how, of the approximately 175,000 banking and financial institutions across the world, most large AML solutions and data providers only focus on servicing the top 100-500 firms, leaving a long tail of unserved or underserved institutions that urgently need integrated FinTech and RegTech services.Notwithstanding the perennial topics of AI and machine learning, Abhishek does not believe compliance professionals will be out of a job in the foreseeable future. While AML/FCC departments will increasingly require data science specialists for operational purposes, he emphasizes that such teams will continue to be led by those with on-the-ground financial crime experience and knowledge.The conversation concludes with a point about why many customers are increasingly put off by FinTech and RegTech vendors offering AI as part of their solutions.HKU FinTech is the leading fintech research and education in Asia. Learn more at www.hkufintech.com.

Kieran talks with Rick Small, Director Financial Crimes Program, at Truist, Dan Soto, Chief Compliance Officer, Ally Financial, and John Byrne, Executive Vice President, AML RightSource, about what's been achieved in the past 40 years in the fight against financial crime and what challenges lay ahead. In anticipation of receiving the “ACAMS Lifetime Achievement Award” at The Assembly in Las Vegas in October, Rick, Dan, and John discuss the successes and shortcomings of past Bank Secrecy Act regulation, as well as what's good and what's bad in the Anti-Money Laundering Act of 2020 and the Corporate Transparency Act. Drawing on nearly 150 years of collective public and private sector experience fighting financial crime, the three old friends celebrate the rise of the AML community, the establishment of AFC as a profession and their association with ACAMS since its inception. In concluding, they offer advice to the next wave of anti-financial crime professionals who will face variations on old crime typologies and new scenarios connected to AI and other technologies adopted by industry, law enforcement and, sadly, savvy criminals.

In this Flash TRM Talks Ari Redbord sits down for a few minutes with ACAM's Joby Carpenter.

Kieran talks with Willem Schudel, Head of Department, Financial Crime Supervision (AML/TF) at the Central Bank of the Netherlands, live from The Assembly Europe, ACAMS' annual conference, held this year in Dublin. Willem discusses the Dutch Central Bank's preparations for the coming of the European Union's Anti-Money Laundering Authority, or AMLA, and the bank's latest initiatives with regulated entities, including expectations they adopt technology that will identify criminal activity and reinforce the risked-based approach.

Firms need to re-engineer their anti-money laundering (AML) systems and controls to refocus on know-your-customer (KYC) processes to prevent the inevitable pile-up of transaction monitoring alerts. Firms' pivot to digital onboarding has prioritised speed over collecting enough information to determine whether transactions are suspicious. It has created an inefficient, expensive process where AML analysts are sifting through thousands of alerts looking for the proverbial needle in a haystack. The problems raise important questions about the ways that banks conduct AML controls today.Some banks, in an aim to onboard customers digitally in less than 24 hours, rely on tools that verify identity-based on existing information. These verification tools use customer addresses, credit bureau information, previous bank account details to risk score applicants. Some banks do not ask for photo identification, like a driver's licence or a passport, for customers deemed to be low risk.In this episode, Alex Robson, managing editor, Regulatory Intelligence, talks to Rachel Wolcott, senior editor in London, about KYC processes and how they should be done. Also under discussion is Russia, Iran, the UK Financial Conduct Authority's latest sanctions compliance work, together with that of the Association of Certified Anti-Money Laundering Specialists. The "Compliance Clarified" podcast series covers the wide range of topics which affect compliance at financial services firms, and aims to help compliance officers make sense of the often-challenging regulatory environment. It considers the big challenges of the day and offers practical ideas for emerging good practice.Programme notesOutside Regulatory Intelligence paywallFirms should invest in KYC, model "good" customer transactions to reduce transaction monitoring alerts pile-up: https://regintel-content.thomsonreuters.com/document/I42A1B9D0F8A911EDBEBCFA0963B51F96UK FCA finds gaps in firms' sanctions testing; ACAMS highlights complex evasion and Wagner Group risks: https://regintel-content.thomsonreuters.com/document/I26903170FB2111EDBEBCFA0963B51F96U.S. imposes counter-terrorism sanctions on Iranian operatives over alleged overseas assassination plots: https://regintel-content.thomsonreuters.com/document/IDFB1330000A511EE8F64E998879AFF30 Inside Regulatory Intelligence paywallU.S. imposes counter-terrorism sanctions on Iranian operatives over alleged overseas assassination plots: http://go-ri.tr.com/aR6rOIU.S. government issues broad new Russia sanctions, shares new export control evasion 'red flags': http://go-ri.tr.com/REz0nuUK FCA finds gaps in firms' sanctions testing; ACAMS highlights complex evasion and Wagner Group risks: http://go-ri.tr.com/8svY1kUK FCA using home-grown tool to check sanctions compliance: http://go-ri.tr.com/3khGhRGovernment intelligence sharing vital to help banks spot Russian sanctions evasion -U.S.,UK officials: http://go-ri.tr.com/Q9urHj Compliance Clarified is a podcast from Thomson Reuters Regulatory Intelligence.Listen to wide-ranging, insightful discussions on all things compliance for financial services firms. We delve into the hot topics of the day, the challenges faced and offer up practical ideas for emerging good practice. We de-mystify regulation and explore the art, as well as the science, of the ever-expanding role of the compliance officer.  Enforcements, digital transformation, regulatory change, governance, culture, conduct risk – anything and everything impacting the compliance function is up for discussion.

Kieran talks with Sarah Paquet, Director and CEO of the Financial Transaction Reports Analysis Centre, FINTRAC, live from ACAMS' 27th annual moneylaundering.com conference in Hollywood, Florida. Sarah discusses FINTRAC's new role handling sanctions intelligence, managing the revolution in financial technology, and the financial intelligence unit's ongoing commitment to expand and further internationalize Canada's anti-financial crime public-private partnerships. While detailing the initial success of the partnerships, including initiatives around human trafficking, online child exploitation and the fentanyl trade, the FINTRAC director says “we are definitely looking to bring [all] our partnerships to an international level” because FINTRAC should be seen not just as Canada's FIU but as a trusted partner by global industry, law enforcement and the public.

The ACAMS Hollywood 2023 conference was another success bringing industry professionals and practitioners together to discuss AML regulatory trends, emerging technologies, and more. In this episode, host Alex Pillow provides on-the-ground coverage capturing engaging conversations with Kieran Beer, Director of Editorial Content, Chief Analyst at ACAMS; Lukayn Hunsicker, Moody's Analytics KYC Head of New Product Innovation; Richard Graham, Moody's Analytics KYC Industry Practice Lead; Colleen Dychdala, Moody's Analytics KYC Head of Premium Content at Grid; and Modesto Rivero, Moody's Analytics KYC Senior Product Analyst. And, for the first time, Alex takes his turn in the hot seat as he shares his insights with host Jill DeWitt.Listen along for the inside scoop on conference topics, including:The growing role of sanctions in global affairsUpcoming regulations like the Corporate Transparency ActThe increasing importance of public-private partnerships in combatting financial crimeThe friction between data privacy and AML goalsChallenges compliance departments face todayTo learn how Moody's Analytics KYC can help take your AML and compliance programs to the next level, visit our website.

‘The amount of resources they have going into this is significant - there are people in every state in the country focused on this… and I expect you will see more and more actions as the year goes on' -Craig Timm on looking to the horizon for DOJ on sanctions In the latest episode of the Sanctions Space Podcast, Justine is joined by Craig Timm, Senior Director of Anti-Money Laundering at ACAMS. They discuss key takeaways from the Global Sanctions Summit at ACAMS Hollywood, the role the US Department of Justice plays in the sanctions enforcement ecosystem, for example through fines and asset forfeiture, and how its focus is expected to evolve through increasing focus on enablers, ramping up of enforcement actions, and more. In Craig's role at ACAMS, he oversees government, law enforcement, and private sector engagement in the United States and works to drive collaboration across the global anti-financial crime space. Prior to joining ACAMS, Craig had more than 15 years of anti-financial crime experience across the public and private sectors. At the Department of Justice, Craig served as a Deputy Chief in the Asset Forfeiture and Money Laundering Section (now Money Laundering and Asset Recovery Section) at headquarters in Washington, DC. In that role, he led a team of prosecutors responsible for enforcing criminal violations of the Bank Secrecy Act, U.S. economic sanctions, and money laundering laws committed by financial institutions and their employees. He led the prosecution of some of the largest financial institutions in the world including HSBC and BNP Paribas.

Listen to this episode of the Medical Truth Podcast as host James Egidio interviews Dr. Ana Maria Mihalcea, who is a licensed internal medicine physician as well as an ACAMS certified Chelation therapist., a licensed internal medicine physician and  Dr. Mihalcea discusses the toxins found in vaccines as well as utilizing chelation therapy to detox from dangerous vaccinations. Dr. Mihalcea is a diligent Substack author where she can be found posting new content everyday.For Current and Previous Podcast Episodes, Show Notes, and Videos go to www.MedicalTruthPodcast.comYou can also find the Medical Truth Podcast on Facebook, Twitter, YouTube, Rumble, and Substack, as well as all the major podcast platforms such as Apple Podcast, Spotify, Google Podcast, Amazon Music, iHeart, and Podchaser

Hello, and welcome to episode 52 of the Financial Crime Weekly Podcast, I'm your host, Chris Kirkbride. It's been a bumper week for financial crime this week, with big stories on fraud, money laundering, and especially bribery and anti-corruption. However, this week's big news in the UK – the publication by HMG of Economic Crime Plan 2 will be the subject of a podcast special coming up mid-week, so look out for that. Let's make a start on this week's still bumper edition. These are the links to the principal documents mentioned in the podcast: European Bank for Reconstruction and Development, EBRD and ACAMS step up anti-financial crime training in North Africa and Middle East.European Banking Authority, EBA consults on amendments to Guidelines on risk-based AML/CFT supervision to include crypto-asset service providers.European Parliament, New EU measures against money laundering and terrorist financing.European Union Agency for Cybersecurity, Cybersecurity market analysis of the cloud and an updated version of the cybersecurity market analysis framework.Financial Accountability and Corporate Transparency Coalition, Anti-Corruption Advocates Urge Treasury to Appoint a Permanent Director to Lead the Nation's Financial Crime Fighters (press release).Financial Accountability and Corporate Transparency Coalition, Permanent Leadership of the Financial Crimes Enforcement Network (FinCEN).Financial Crimes Enforcement Network (FinCEN), FinCEN Issues Initial Beneficial Ownership Information Reporting Guidance (press release).Financial Crimes Enforcement Network (FinCEN), Beneficial Ownership Information Reporting.Gambling Commission, William Hill Group businesses to pay record £19.2m for failures (press release).Gambling Commission, WHG (International) Limited Public Statement.Gambling Commission, Mr Green Limited Public Statement.Gambling Commission, William Hill Organization Limited Public Statement.Transparency International, Summit for democracy: opportunity for governments to recommit to anti-corruption.Transparency International and Others, Cohort on International Cooperation for Anti-Corruption.UK Government, Government sets out strategy to protect NHS from cyber-attacks (press release).UK Government, Policy paper: Cyber security strategy for health and social care: 2023 to 2030.UK Government, OFSI General Licence INT/2023/2824812.US Department of Justice, CEO of Titanium Blockchain Sentenced for $21M Cryptocurrency Fraud Scheme.US Department of Justice, Justice Department Recovers Over $53M in Profits Obtained from Corruption in the Nigerian Oil Industry.US Department of Justice, Former Puerto Rico Mayor Convicted of Accepting Bribes.US Department of Justice, Correctional Officer Pleads Guilty to Receiving Bribes for Smuggling Drugs into D.C. Jail.US Department of Justice, Former Law Firm Partner Arrested For Bankruptcy Fraud.US Department of State, United States Imposes Sanctions on Iranian Military Procurement Network.US Department of State, Summit for Democracy 2023.US Department of State, Summit for Democracy Commitment on Beneficial Ownership and Misuse of Legal Persons.US Department of the Treasury, Treasury Continues to Sanction Procurement Networks for Iran's UAV and Weapons Programs.US Department of the Treasury, Treasury Targets Belarusian State-Owned Enterprises, Government Officials, and Lukashenka's Aircraft.US Department of the Treasury, Treasury Sanctions Syrian Regime and Lebanese Actors Involved in Illicit Drug Production and Trafficking.US Department of the Treasury, Remarks by Secretary Janet L. Yellen on Anti-Corruption as a Cornerstone of a Fair, Accountable, and Democratic Economy at the Summit for Democracy.US Securities and Exchange Commission, SEC Charges Crypto Entrepreneur Justin Sun and his Companies for Fraud and Other Securities Law Violations.

Ajay Shamdasani speaks to Hue Dang, Global Head of New Ventures, and Senior Asia-Pacific Leader, of the Association of Certified Anti Money Laundering Specialists (ACAMS) on AML, and latest developments on financial crime compliance, touching briefly on how the current state of sanctions affect businesses in Asia. In this episode, Hue Dang talks about ACAM's growth and influence in AML and financial crime compliance. Hue also shares her background and how she was drawn to a career in AML and compliance and discussed the increasing automation of financial crime and its impact on the industry. Show notes and quotes: (01:35) Hue Dang's journey at ACAMS (09:23) ACAMS in China and the region (17:09) Future of AML/Compliance profession in terms of employment prospects Hue: "Employability factor is evolving from the blending of knowledge and technology. AML-specialist is not enough, you've got to be an AML-technologist."  Hue: "Everyone is saying ...data, data, data.... (But) when you're looking at a holistic effectiveness question about your compliance programme, it's all about governance, it's all about controls." (27:22) ACAMS Training Ecosystem Slide is accessible through www.hkufintech.com/slides  (29:10) About Hue Dang's career Hue: "I was basically on a mission to try to change the way the world thinks about money. Money is not just money. How you earned it does make a difference." (32:57) Top issues and challenges on AML/financial crime in the region (35:28) Customer Due Diligence vs Know-Your-Customer (CDD vs KYC) Hue: "Which comes first? Actually CDD  is what you do in the beginning. It's not KYC (because) you actually don't know your customer." (41:34) Fundamental changes in AML themes (44:05) Sanctions and compliance Hue: "I'm not an operator in the sanctions space but I do ask this question - What is the driver behind a sanctions policy? In the particular case with Russia has to do with the Ukrainian war, the human element is what we need to think about when we think about sanctions compliance.... This isn't just an economic policy and there are people behind the reasons why they would be asked to look at sanctions." (49:03) Crypto and Risks Hue: "The question of a Cryptocurrency is - where is the value coming from and what does it tie to?  (55:12) Women in the industry Hue: "Senior leadership in the AFC (Anti-Financial Crime) community is somewhat imbalance, but certainly in the compliance world, I've seen more women than men actually... and similar case I saw in China... but that's my anecdotal observation." (58:08) Path towards AML/compliance profession HKU FinTech is the leading fintech research and education in Asia. Learn more at www.hkufintech.com.

Kieran talks with Jonathan Dupont, a financial intelligence investigator for Western Union, and Tiffany Polyak, AFC Associate at ACAMS, about the growth in online sexual exploitation of children and the related rise in child sexual abuse materials on the Internet. In exposing the scope of the online exploitation, Jonathan and Tiffany point to the more than 100 million reports of child sexual abuse material (CSAM) in Europe and the United States in 2021, with 19,000 victims being identified in the United States alone. Drawing from their work to create ACAMS' free online anti-CSAM training program, Jonathan and Tiffany detail typologies and tools to identify financial transactions associated with the exploitation of children, with the ultimate aim of apprehending the perpetrators of this heinous crime. “ACAMS CSAM Certificate” is part of a handful of training programs available as a public service. It will be available early 2023. Visit https://www.acams.org for updates.

Deputy Assistant Director of Homeland Security Investigations (HSI) Raul Aguilar joins TalkLP host Amber Bradley to talk Operation Boiling Point, recent successes, what retailers can do to help, and gets a little personal with what makes him tick.  Raul goes into detail about the four pillars of Operation Boiling Point and how HSI and retailers are fighting back against organized retail crime (ORC).  Of course, Amber goes 'unscripted' asking Raul about current battles, recent successes, and the backbone of his career. Take a listen for a more in-depth look at HSI in this perfectly timed episode! Per our discussion in the podcast, if you haven't read this whitepaper from HSI, ACAMS, CLEAR, RILA, and LPM -- check it out here!  Definitely worth your time to read as it covers multiple key definitions and explanations needed in the fight against ORC. This TalkLP episode brought to you by Gatekeeper Systems.  Whether you need innovative technology to keep your shopping carts on your property or technology that keeps your employees and customers safe by apprehending your merchandise without ANY conflict, check out Gatekeeper Systems (a true quality company from the top leadership down) - here!

Alex Pillow, host of the KYC Decoded podcast, caught up with Head of Financial Crime at Featurespace, Annegret Funke, and journalist from Compliance Week, Aaron Nicodemus, to get their standout moments from ACAMS Vegas. Here are their thoughts on the things you need to know.US Beneficial ownership: the registry is coming, what do you need to understand and how do you prepare?Crypto exposure: every institution has exposure through their customers, so where is yours?Encouraging innovation: regulators and law enforcement are actively fostering innovation in the industry and strengthening communication and collaboration.Inclusivity in banking: bringing small and community banks into the financial crime fold to give criminals a smaller target.There's much more, so listen to this bonus episode of KYC Decoded and unlock ACAMS Vegas '22 in less than 22 minutes.

Kieran talks with ACAMS colleague Joby Carpenter about the current tumult in the digital asset world, including plummeting cryptocurrency prices, digital value's exploitation by money launderers, the threat from cyberhackers, and the rise in crypto-related fraud schemes. A global subject matter expert on cryptocurrency, Joby draws on 18 years of experience in strategic and risk analysis roles across the UK government, intelligence and regulatory community and concludes that there is a saner, albeit more regulated, future ahead for digital assets.

This episode continues our focus on the looming energy crisis in Europe; its causes, path and potential solutions. The episode is a recording of a Reuters Events webinar from late July 2022, where host Paul Chapman moderated a discussion between Gerard Reid, co-founder of Alexa Capital and host of the Redefining Energy Podcast and George Voloshin, previously head of the Paris branch of Aperio Intelligence and now at ACAMS. The panel discuss the structural and temporal backdrop to Europe's unprecedented energy prices and what the likely political and societal responses could be. To find out more about HC and our talent advisory services in the energy & commodities sector visit www.hcgroup.global/hc-insider To connect with our host Paul Chapman, you can find him at www.linkedin.com/in/paulchapmanhc/

ACAMS was honoured to be joined at our Europe conference by two advisors of the Office of the President of Ukraine - Professor Alexander Rodnyansky and Markiyan Kliuchkovskyi. In the margins of the event, Alexander and Markiyan sat down with Justine for this Sanctions Space Podcast Episode - their discussion includes the measures they're looking at to styme Russia's ability to fund its invasion, the weaponization of global food insecurity by Russia, and efforts being explored to use the assets of Russian oligarchs to support reconstruction of Ukraine. Alexander and Markiyan's full titles are as follows: -Professor Alexander Rodnyansky, Presidential Adviser and Member of the Dedicated Working Group, Sanctions Policy, Office of the President of Ukraine, Supervisory Board Member, The State Savings Bank of Ukraine -Markiyan Kliuchkovskyi, Advisor, Office of the President of Ukraine, Partner, Asters Law

Sri Lanka is due to start negotiations with the International Monetary Fund next week and its just emerged that India, its northern neighbour, may be willing to commit up to another $2bn in financial assistance, along with food and fuel aid. Also in the programme, a court in Jersey has now seized 7 billion US dollars worth of assets linked to the Russian billionaire Roman Abramovich. He is on the UK and EU sanctions list, and is now unable to access items such as his yachts, or Chelsea Football Club. So, what does this step from Jersey mean for the Mr Abramovich? Justine Walker is Global Head of Sanctions Compliance and Risk at ACAMS - that's the Association of certified anti-money laundering specialists. Plus, Russia is suffering brain drain, with some suggesting that tens of thousands of tech workers are leaving the country after sanctions have made business difficult - or impossible; we hear from Artem Taganov, founder and chief executive of a Russian start-up called HintEd - he's moved to Armenia from Moscow. And, we take you to take you to Africa's smallest economy. São Tomé and Príncipe, the twin island nation in the Gulf of Guinea in Central Africa. We hear from two entrepreneurs, who are trying to make a career in their home. (Picture description: Protests outside the President's office in Columbo. Picture credit: Ishara.S.Kodikara via Getty Images).

Lana Schwartzman (@LanaCryptoAML) is the Chief Compliance Officer at Dapper Labs, the team behind NBA Top Shots, NFL All Day, and Cryptokitties. Lana has more than 17 years of experience specializing in compliance, cryptocurrency regulations, and AML. Specifically, in BSA/AML/OFAC program development, MSB/MTL licensure process, internal audits, independent compliance program reviews, and consent order validation for various cryptocurrency exchange companies, financial institutions, and foreign banking organizations. Prior to joining Dapper Labs, she spent close to 3 years as a Chief Compliance Officer at a regulated P2P marketplace, and previously spent 7 years at Grant Thornton LLP in the Regulatory Risk Group specializing in BSA/AML and OFAC regulations. Lana spent her early years at Morgan Stanley and Deutsche Bank in various compliance roles. Lana is known as a subject matter expert in Regulations and Compliance related to cryptocurrency and she stays current on all AML regulations. Lana is a Certified Anti-Money Laundering Specialist (CAMS) and obtained the ACAMS Virtual Currency Certification and various Chainalysis certifications. She achieved the recognition of "AML Professional of the Month" in 2019 and has been a frequent panelist at various ACAMS, ACFCS, and Bitcoin conferences. You can also find Lana on LinkedIn. In this episode of Law of Code, Lana explains what a chief compliance officer does, building a compliance program, and why a compliance officer isn't the "fun police." We also discuss: - Mining Bitcoin - Dapper Labs - Where compliance officers add value - Learning more about compliance regulation - Surprising aspects of a compliance role - Changing sentiment of regulators - Promoting inclusion and diversity If you enjoyed this episode, please consider leaving a review. You can subscribe to our newsletter to stay updated on the latest episodes.

What challenges will organisations face across the sanctions landscape in 2022? Join Partner, Henry Smith for a conversation with Dr. Justine Walker, Global Head of Sanctions, Compliance & Risk at ACAMS, as they chat about some of the most complex issues of today, from current global flashpoints to sanctions risk in ransomware payments. They also offer advice on what a good compliance programme looks like with third party screening and due diligence. 

Whether it is laws, regulations, guidance or issuances, the processes that make our regulatory regimes more effective are slow. By the time we reach consensus and refine our standards, criminals are doing something else. Lauren Kohr has been in the anti-financial crime sector for over 16 years. She currently serves as Senior Director of AML at ACAMS, the largest international membership organization for Anti-Financial Crime professionals.  In today's episode, she helped us reflect on how AML professionals experience the compliance process, the role of AI in AML, and the B-side of disclosing sensitive financial crime information. Topics discussed in this episode: How 9/11 drew Lauren to the world of financial crime to help prevent illicit financial flows. How the work of a compliance officer changes in small and large financial institutions. The value of public-private initiatives to prevent financial crime. Reflections on typical financial penalties. The importance of bringing NGO and Academia sectors to the fight against financial crime.  AML tech: where we are standing and where we need to go. The challenges of training AI in AML. Big takeaways from recent financial crime investigations.  3 Pieces of advice for AML and KYC professionals looking to succeed in the future.

In this episode of LPM's Take 10 Podcast, Kevin McMenimen speaks with Senior Director of Anti-Money Laundering Lauren Kohr and Project Coordinator and Researcher Tiffany Polyak with the Association of Certified Anti-Money Laundering Specialists (ACAMS). They talk about the work that ACAMS does through webinars, training content, thought leadership, public-private partnerships, and more. Specifically, they discuss how ACAMS works with financial institutions to follow the money and find the leaders of organized retail crime rings. 

Kieran talks with Olivia Swaak-Goldman, executive director of the Wildlife Justice Commission, about the Hague-based organization's efforts to stop the illegal wildlife trade and other forms of environmental exploitation, currently the fourth largest source of funds for transnational criminal organizations. Olivia discusses how WJC targets traffickers in endangered species and those having the greatest negative environmental impact with its team of former law enforcement investigators, intelligence officials and prosecutors. Olivia highlights WJC's recent success in prosecuting ivory and Pangolin smugglers with help from Nigeria and China as well as the ongoing struggle to take down transnational criminals throughout the world who rely on the aid of corrupt officials and are often also engaged in human and drug trafficking. “Wildlife crimes wouldn't be there without corruption, without fraud, without money laundering,” Olivia says, adding, “Addressing corruption is absolutely essential to tackling wildlife crime.” ACAMS and the World Wide Fund for Nature (WWF)collaborated with the WJC to develop a free training certificate on investigative strategies to aid law enforcement in the use of financial intelligence and other data related to the illegal wildlife trade. LEARN MORE: https://www.acams.org/en/training/certificates/ending-illegal-wildlife-trade-a-practical-guide-for-law-enforcement

In this special episode, our two ACAMS podcasts meet for the second time - Financial Crime Matters and the Sanctions Space. Following conclusion of the second ACAMS Global Sanctions Summit, Justine and Kieran convene to discuss the current Russia-Ukraine crisis. Drawing on summit deliberations they explore the current state of play of the international sanctions response, including the prospect for a ‘start high, stay high' approach.

Kieran talks with colleague Dr. Justine Walker, Global Head - Sanctions, Compliance and Risk at ACAMS, about the likely shape of sanctions against Russia should it invade Ukraine. In the wake of ACAM's Second Annual Sanctions Summit, Justine discusses keynote speaker and White House special advisor Peter Harrell's promise of severe sanctions against Russia should it attack Ukraine and analyzes the Summit buzz about how the United States, United Kingdom and European Union as well as the financial industry are preparing for possible sanctions. “In thinking of good practice… you do need to map your Russia exposure,” Justine says, adding that financial institutions and companies must ask, “Do you have investments in Russia? Do you have people in Russia? What type of securities exposure do you have? Are you exporting to Russia?” In the event of sanctions, she says, corporations should ask “What may you need to withdraw from and are you able to withdraw from that?”

How To Get Mentored By The Best Crypto Compliance Professionals In The IndustryWelcome to the episode 10 of the 2nd season of “WE WERE ON A BREAK” - Ross Voice. The series where the host, Stephen Brent Sargeant (Compliance Consultant to Bitfinex) talks to industry professionals during the CoronaVirus (COVID-19) quarantine and gains industry insights and expertise. I'm going back-to-back this week and dropping another episode discussing how to get mentored by the best compliance professionals in the industry without actually having to talk to them or asking them for mentorship. In this session, Stephen talks about some of the steps you can take to gain mentorship and get to know the best in the industry, even before meeting them in person or connecting with them on social media. I give you the tips and strategies to approach industry allstars with more meaningful conversations and deeper discussions. This episode could single handledly change your career. Hope this helps that one person that is tired of looking at themselves in the mirror and wants to take control of their life **This interview was recorded on Dec. 08, 2021**Disclaimer**The views and opinions expressed in this episode (and all episodes) are those of the host and the guests. They do not purport to reflect the opinions or views of their employers, contractors or any organization they may be affiliated with now or in the future. Time Stamps (Return back to your favorite point of the episode):•(0:40) – Disclaimer – You Shouldn't Ask Anyone To Become Your Mentor Without A Plan•(2:05) – The Best Way To Gain Mentorship Is Follow The Professional's Content (mentioned: ACAMS and ACFCS) •(3:08 – Determine If You Have Any Common Personal Interests / Hobbies (mentioned: Ari Redbord, Liat Shetret, Nkrumah Pierre, Shelley Schachter-Cahm, Peter Warrack, Leonardo Real, Timea Nagy, Dev Odedra, Journey Li, Nansen, Elliptic, Dante Disparte, Jeremy Allaire, Souzan Esmaili )•(5:30) – Pay To Sit Beside The Industry Leaders (mentioned: Chainalysis, Elliptic, Fintrail, CIFCA, Samky Mak, Tiffany Tsang, Faisel Saeed) •(8:58) - Find The Passion Project That These Industry Professionals Are Working On (mentioned: Rodney McInnes, David Vijan, Amber D. Scott, Outlier, Dante Disparte, Circle) •(13:45) Mentorship Should Be Mutually Beneficial (mentioned: Souzan, TCAE) •(16:05) – How To Add Value When You May Not Have All The Skills Necessary Stephen Brent Sargeant (Host)•LinkedIn (Best way to reach me) - linkedin.com/in/stephen-brent-sargeant-cams•Instagram (Everyday type stuff) https://www.instagram.com/stephen_b_sargeant/•Twitter (I communicate in GIFs) - https://twitter.com/lifesgt•Business Related Matters (Let's Collab): stephenbsargeant@gmail.comBackground Music (beat name: Leslie)•Goose Goddi (Music Producer) - https://instagram.com/goosegoddi?igshid=1paia8lwy2x3o•Beats Can Be Found On Amazon Music - https://www.amazon.com/Music-Station-Goose-Goddi/dp/B08B4BLCH1

How To Get A Job In Crypto o (Featuring insights from Jason Yanowitz's Tweet)Welcome to the episode 8 of the 2nd season of “WE WERE ON A BREAK” - Ross Voice. The series where the host, Stephen Brent Sargeant (Compliance Consultant to Bitfinex) talks to industry professionals during the CoronaVirus (COVID-19) quarantine and gains industry insights and expertise. With TCAE posting 4 cryptocurrency related compliance positions within one (1) week and flood of applications coming in, Stephen goes through some common pitfalls and some unknown strategies on how to attract the best crypto employers. In this session, Stephen reads through a tweet by Blockworks co-founder, Jason Yanowitz, who describes the ins and outs on how to impress future employers and stand out of the crowd when applying to crypto related jobs, in a market that is flooded with applicants but shallow on talented, qualified and experienced professionals. **This interview was recorded on Nov.21, 2021**Disclaimer**The views and opinions expressed in this episode (and all episodes) are those of the host and the guests. They do not purport to reflect the opinions or views of their employers, contractors or any organization they may be affiliated with now or in the future. Time Stamps (Return back to your favorite point of the episode):•(2:02) – Why Sloppy Outreach Is Killing Your First Impressions With Crypto Companies•(4:00) – Are You Approaching Cryptocurrency Positions In The Wrong Way •(6:03 – How Can You Upskill Your Cryptocurrency Experience Via Training And Certifications •(7:50) – What Can You Do For Free to Gain Industry Expertise (mentioned: Chainalysis, TRM Labs, Elliptic, XReg) •(9:01) – Getting Your Hands Dirty In Crypto Will Lead To Huge Opportunities (mentioned: ACAMS, ACFCS) •(9:45 What Certifications Should I Take to Get Into Crypto Compliance (mentioned: Peter Warrack, CBP, Chainalysis, Elliptic, ManchesterCF, Ciphertace, Basel) •(11:50) – Why Joining A DAO Could Be A Great Way To Enter The Crypto Space•(12:40 – Working For A Fintech Is A Great Alternative (mentioned: Wealthsimple, Paypal. Fintrail, ACAMS) •(14:25) – You Can Create Your Own Job In Most Blockchain Companies (mentioned: AVA LABS) •(16:10 – NFT Companies Need Compliance Professionals Too (Dapper Labs, TCAE) •(17:45) – Stop Approaching Recruiters And Hiring Managers About Salary Range And Do Your Own Research •(19:15) – Don't Wait For The Perfect Position To Come Jump In Your Lap Stephen Brent Sargeant (Host)•LinkedIn (Best way to reach me) - linkedin.com/in/stephen-brent-sargeant-cams•Instagram (Everyday type stuff) https://www.instagram.com/stephen_b_sargeant/•Twitter (I communicate in GIFs) - https://twitter.com/lifesgt•Business Related Matters (Let's Collab): stephenbsargeant@gmail.comResources •Jason Yanowitz (Co-founder of Blockworks): https://www.linkedin.com/in/yanowitzjason•Link to Jason Yanowitz Tweet - https://twitter.com/JasonYanowitz/status/1461057956561108994?s=20•TCAE crypto roles - https://www.linkedin.com/company/tcae/jobs/?viewAsMember=true•Hirect USA Event: Do You Want A Job In Crypto - https://www.youtube.com/watch? Background Music (beat name: Leslie)•Goose Goddi (Music Producer) - https://instagram.com/goosegoddi?igshid=1paia8lwy2x3o•Beats Can Be Found On Amazon Music - https://www.amazon.com/Music-Station-Goose-Goddi/dp/B08B4BLCH1

The crypto world has only just begun digesting the finalized crypto reporting requirements from the Financial Action Task Force, or FATF. The years-long process began in the summer of 2019 when the FATF made public its initial version that called for what it dubbed virtual asset service providers, or VASPs, to undertake an unprecedented degree of information-sharing about their customers and the transactions they conduct. Since then, the guidance has gone through numerous iterations and accounted for emerging use cases like decentralized finance (DeFi) and non-fungible tokens (NFTs), to name a few.  At the heart of this framework is the so-called travel rule, requiring businesses that facilitate the movement to collect and share information about the parties to a transaction. How VASPs – like exchanges – will comply with this as FATF-supporting countries go live with the requirements is an active and evolving question.  In this special episode of The Scoop, The Block reporter Aislinn Keely breaks down the implications of the FATF framework and how it might shape the evolving regulatory landscape in the United States. To unpack the questions at hand, Keely spoke with former FATF executive secretary and current ACAMS director Rick McDonell, Shyft co-founder Joseph Weinberg and Elliptic director of policy and affairs David Carlisle.  This special episode takes a closer look at: What is FATF and why it matters The implications for less-easily-categorized decentralized finance (DeFi) entities The travel rule solutions being developed today How the FATF framework will impact enforcement efforts in the US Episode 74 of Season 3 of The Scoop was recorded remotely with The Block's reporter Aislinn Keely and Rick McDonell, Director of ACAMS & Former Executive Secretary of the FATF, Joseph Weinberg Co-Founder of Shyft, and David Carlisle, Director of Policy and Affairs at Elliptic. Listen below, and subscribe to The Scoop on Apple, Spotify, Google Podcasts, Stitcher or wherever you listen to podcasts. Email feedback and revision requests to podcast@theblockcrypto.com. This episode is brought to you by our sponsors Bakkt, Kraken and Masterworks Bakkt® unlocks the $1.2+ trillion of digital assets that is currently held in cryptocurrencies, rewards and loyalty points, gaming assets and merchant stored value. We began in 2018 with the vision to bring trust and transparency to digital assets. Through the Bakkt Warehouse and Bakkt Bitcoin Futures and Options contracts, we serve institutional clients in an end-to-end regulated market with true price transparency. For consumers, Bakkt aggregates digital assets to enable instant liquidity and to empower users to trade, transfer and pay however they want. Visit Bakkt.com for more information About Kraken Whether you're an experienced crypto trader or just starting out, Kraken has the tools to help you achieve financial freedom. With 50+ cryptocurrencies to choose from, industry-leading security and a wide variety of features to suit any investing strategy, Kraken puts the power in your hands to buy, sell and trade digital assets. Visit Kraken.com to get started today. About Masterworks Masterworks is democratizing the exclusive multi-trillion-dollar art world. Instead of needing to write a $10 million dollar check to buy one Picasso painting, you can buy shares of masterpiece paintings. Masterworks has securitized over $250 million worth of art for their 235,000 members and was recently valued at over $1 billion, making them the first and only unicorn in the alternative investing space. Invest like a billionaire today with a few easy clicks at masterworks.io/scoop

As brokerages focus on enhancing user experience, they risk shifting their customer's focus from serious financial decisions to a game-like experience.  Some think this is a good thing. That it will help engage the next generation of traders. Others think it's a bad thing. That it will create a more spastic type of trader with unrealistic expectations on potential returns. State and federal regulators are focusing on digital brokerages and exploring guardrails for these types of platforms.The challenges facing traditional technology providers (volume controls, fraud, system outages, and liquidity) are now facing these digital brokerages—with real-life consequences for individuals and their savings and retirement accounts. One company that has been making headlines is Robinhood, which was on the receiving end of a $70 million fine handed down by the Financial Industry Regulatory Authority, or FINRA, for what it called "systemic supervisory failures."  In coming up with the award, FINRA said it considered the "widespread and significant harm suffered by customers, including millions of customers who received false or misleading information from the firm, millions of customers affected by the firm's systems outages in March 2020, and thousands of customers the firm approved to trade options even when it was not appropriate for the customers to do so." Robinhood is also defending itself in litigation involving dozens of cases.  Will we continue to see litigation over these platforms as more and more retail customers (many young and inexperienced) realize that securities involve market risks? What's the deal?Find out! Listen to my interview with FinTech attorney Brad Rustin, a partner with Nelson Mullins. In addition to chairing the firm's Financial Services Regulatory Practice, Brad counsels  financial institutions in regulatory matters, including strategic agreements, product development, and operational compliance. A large portion of his work is on bank and non-bank partnerships involving white-label deployments, FinTech partnerships, or payments, digital assets, cryptocurrency, and lending partnerships. Brad is a Certified Anti-Money Laundering Specialist (CAMS) by ACAMS and a Certified Regulatory Compliance Manager (CRCM) by the American Bankers Association.  He received his JD, magna cum laude, from the University of South Carolina School of Law and his BA in Political Science and History, cum laude, from Furman University. And now, he is not only a guest on the Emerging Litigation Podcast, but the FinTech advisor on the  Editorial Advisory Board of the Journal on Emerging Issues in Litigation. This podcast is the audio companion to the Journal on Emerging Issues in Litigation, a collaborative project between HB Litigation Conferences and the legal news folks at Law Street Media, and the Fastcase legal research family, which includes Docket Alarm and Judicata. If you have comments or wish to participate in one our projects, or want to tell me how insightful and informative our guests are, please drop me a note at Editor@LitigationConferences.com. Thanks to Brad for speaking with me about this fascinating subject. As for me, I will stay away from "game trading." Hearing people describe it reminds me of my PacMan obsession in college, which frequently cost me many hours that I should have spent differently, and too often a functioning shoulder. Tom Hagy

Kevin Sullivan, CAMS, CCI spent 21 years with the New York State Police, where he saw the correlation between crime and money laundering on his first detail in undercover narcotics. He followed the money moving to a major crimes unit which led to an assignment with the FBI led Hudson Valley White Collar Crimes Task Force. For his last 9 years with the State Police Kevin was assigned to the New York HIFCA (High Intensity Financial Crimes Area) of the ICE led El Dorado Task Force in Manhattan, where he was the NY State Money Laundering Investigations Coordinator. This is one of the largest AML task forces in the world consisting of members from the FBI, ICE, US Secret Service, DEA, Postal Inspectors, NYPD, NYSP, Manhattan DA and US Attorney. High profile organised crime and terrorist financing were the usual case load. It was here that Kevin became a lead instructor for ICE's Operation Cornerstone providing a liaison between private financial institutions and law enforcement. Kevin's education and certification includes a masters degree in Financial Crimes Compliance Management from Utica College of Syracuse University, a Micro-MBA from the University of Buffalo, Leadership Program from Cornell University, Certified Anti-Money Laundering Specialist (CAMS), Certified Anti-Money Laundering Professional (AMLP), Certified Cybercrime Currency Investigator (CCI). Kevin was the founding co-chair of the NY chapter of ACAMS. He also helped develop and teaches the CAMS exam prep course, Train the Trainer course, and numerous other ACAMS courses including Transaction Monitoring, SARs, Fraud, Know Your Customer, Risk Management and Investigations. Join our CEO, Ian Henderson as he finds out from Kevin: How he describes the state of AML compliance today at the majority of organizations he works with How he has seen AML compliance training evolve over the past 5 years What he most commonly sees organisations get wrong about AML compliance What's the future of financial crime going to look like What three pieces of advice he has for professionals working at banks to prevent money laundering?

‘The use of sanctions has grown incredibly, the complexity of sanctions, the reach of US person globally, the use of secondary sanctions – these are all elements which have just escalated continually over recent years, and that has resulted in some pushback from other jurisdictions' In this special episode, our two ACAMS podcasts meet - Financial Crime Matters and the Sanctions Space. Justine and Kieran discuss the unprecedented scale and pace of change of sanctions in 2020, key trends we are likely to see in the sanctions space over the coming year, and the Biden administration's potential approach to key regimes such as China, Iran, and North Korea. Interested to learn more about Sanctions? Join our Global Sanctions Summit next week: https://www.acams.org/en/events/conferences/sanctions-space-summit

Illegal wildlife trade (IWT) is estimated to be worth around $20bn per year, making it the 4th largest crime on a global level. Many criminal syndicates perceive it to be a low-risk and highly profitable model, and FATF and United for Wildlife Foundation have highlighted the convergence of IWT with narcotics, human trafficking, arms trade and counter-proliferation, and financial threats. IWT also fuels corruption, has serious environmental and biodiversity costs, as well as potentially significant impacts for public health and national economies. In particular, the recent high profile spread of zoonotic diseases (ie the coronavirus pandemic) underlines the importance of ensuring that wildlife is traded in a legal, safe and regulated manner, and that countries remove the profitability of illegal markets.We're delighted to be welcoming Chinali Patel, Consul International Illicit Finance at the British Consulate General, Hong Kong, and Brian Gonzales, Head of Protection of Endangered Species, WWF-HK. Hong Kong is itself a major hub for wildlife trafficking, and Chinali and Brian will be talking more about this global threat - including the work they're doing with United for Wildlife Foundation Financial Taskforce, ACAMS, NGOs, transport and the private sector in Hong Kong to tackle the money flows arising from illegal wildlife trade. See acast.com/privacy for privacy and opt-out information. Hosted on Acast. See acast.com/privacy for more information.

Jim is the Principal and Founder of RegTech Consulting, a private consultancy aimed at developing the next generation of BSA/AML and financial crime professionals, technologies and programs. Previously Jim worked for over 10 years as the BSA Officer, Global Head of Financial Crimes Risk Management at Wells Fargo & Co, and before that he served as the Global Anti-Money Laundering Operations Executive for Bank of America. Jim was also a founding member of the ACAMS advisory board, has spent five years serving as Assistant District Attorney, Special Investigations Unit in Cambridge, MA, and is the author of “Transnational Criminal Organizations, Cybercrime, and Money Laundering” (CRC Press, 1998). See acast.com/privacy for privacy and opt-out information. Hosted on Acast. See acast.com/privacy for more information.