What Every ACAMS Member (and AML Professional) Should Know About Transaction Laundering

On: April 04, 2018

The Association of Certified Anti-Money Laundering Specialists (ACAMS) is the most prominent global anti-money laundering/counter-terrorist financing (AML/CTF) organization in the world. Members of the ACAMS include government regulators, compliance officers, attorneys, and accountants. The Certified Anti-Money Laundering Specialist (CAMS) title is granted by the organization to individuals who have...

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Top Anti-Money Laundering Experts to Follow on Social Media

On: March 27, 2018

The United Nations estimates that the amount of money laundered each year constitutes around 2-5% of the global GDP, an estimated $800 billion – $2 trillion in USD.  As technology evolves, and our financial world adapts to the realities of the digital world, money laundering is making the digital shift....

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How to Minimize Risks of Online Merchant Acquiring

On: January 29, 2018

Acquiring an e-commerce merchant account is similar to having an unsecured line of credit, in that it has the potential to carry significant risks of merchant-based fraud, as well as risks of non-delivery and non-payment of chargebacks.  Online merchant acquisition has become an increasingly volatile business with a focus...

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Must-Attend Events for Payments In 2018

On: January 22, 2018

The cost of money laundering worldwide is estimated to be approximately 2-5% of the global GDP, or roughly U.S. $1-2 trillion annually, resulting in a lucrative market for criminals of all sorts. As developments in technology and regulatory changes push international efforts to combat this significant illegal activity, payment...

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2017 : A Watershed Year in the Fight Against Transaction Laundering

On: December 21, 2017

This past year proved very important for the detection and prevention of Electronic Money Laundering (known as Transaction Laundering) worldwide.  At the end of 2016, we reported that $352 billion had been laundered globally through e-commerce and, of that total, nearly $11 billion involved the sale of illegal goods...

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