AML Voices: Human Trafficking: Red Flags
Our expert panel discusses how to take ongoing research on human trafficking and convert it to actionable changes to your investigations to help detect trafficking. They talk about the importance of understanding the high concentration prostitution areas in the geographies in which your company operates, pointing out that this is not always in the poorest parts of a city and can be in high-end vacation areas. They also identify additional patterns of activity beyond hotels, including restaurant use and ride-share use.
How 8 Technology Megatrends are Shaping the Future of AML Compliance
With an eye on what’s next for AML, we recently connected with Ken Harvey, former COO/CIO of HSBC Holdings, who outlined eight technology megatrends that are impacting AML compliance. We also look at how AML compliance technology is being developed, advanced, and applied to the compliance world.
What Do NFTs in Video Games Mean For AML?
NFTs, or non-fungible tokens, have taken their place in the spotlight in recent times and now they’re becoming a hot topic amongst the video gaming community. (A community of 3 billion we should add.) Unlike other cryptocurrencies, NFTs are unique to each buyer, and only available for sale, not exchange. Learn more about NFTs here.
AML Voices: Human Trafficking: The Risk Profile of the Hospitality Sector
Our expert panel discusses interconnection of the hospitality sector and human trafficking. They look at the discrepancy between what the hospitality sectors says it is doing to combat trafficking and what is happening. They also identify hot spots for trafficking through hotels and motels and look at the increasing anonymization of the reservation and payment processes in the sector.
AML Conversations: FATF Guidance on Risk-Based Approach to Virtual Assets and Providers
John Byrne sits down with Jeffrey Albert of Pryor Cashman LLP and Ari Redbord of TRM Labs to discuss the latest guidance from the Financial Action Task Force about a risk-based approach to virtual assets and virtual asset service providers. They discuss the importance of the definitions in the guidelines, how the proliferation of virtual assets is impacting the risk landscape, and how the guidance will impact participants in the virtual asset space. Read this article Ari Redbord recently published for further information on crypto compliance - https://www.acamstoday.org/crypto-compliance-2021-an-excellent-adventure/.
AML Voices: SARs – Including the Evidence
Our expert panel discusses some of the subtle elements of information to be included in the Suspicious Activity Report narratives. They look at how certain types of data are particularly valuable for law enforcement investigations.
