As technology continues to advance rapidly and new, innovative forms of currency such as Bitcoin arise, the landscape of counter threat finance and anti-money laundering is constantly changing to meet new demands. During a conference panel on anti-money laundering in the new world order, hosted by the Association for Certified Financial Crimes Specialists (ACFCS), senior … Continue reading »
Latest Entries
Data Security and Cybercrime by Sean Huber
The growing threat of cybercrime and data breaches has created an ever-increasing concern about security. Given recent data breaches in consumers’ private data (Target, Neiman Marcus, et al.), the panel’s description of threats and how to mitigate them was very salient. On a panel of private sector and government representatives, the Data Security and Cybercrime … Continue reading »
A Practice in Corruption by Tim Michetti
In July 2013, the Chinese authorities announced an investigation into the business dealings of a British pharmaceutical giant, GlaxoSmithKline (GSK), and detained four senior executives in connection with the investigation. The crime? GSK allegedly funneled money through travel agencies to bribe government officials and doctors (government officials in the Chinese state-run health system) to provide … Continue reading »
FATCA three R’s for Non-US Institutions by Sean Huber
The Foreign Account Tax Compliance Act is going to affect Foreign Financial Institutions (FFIs) to an extraordinary degree. This panel on FATCA and the three R’s for non-US Financial Institutions (FI) aimed at showing the far reach FATCA will have and how FFIs can comply with “Register, Review, and Report”. The panel began with a … Continue reading »
Convergence: The 2014 Buzzword for Financial Crime Fighters by Chris Puder
Convergence is the act of moving toward union or uniformity. This concept was at the root of the 2014 ACFCS Conference this past week in New York City where nearly 500 specialists and experts “converged” on the Marriott Marquis Hotel to learn and confer on the many tools that financial crime fighters have at their … Continue reading »
