ACAMS

BREAKING NEWS: Tornado Cash, a mixer accused of laundering more than $7 billion of cryptocurrency, is no longer blacklisted. Read in front of the paywall, on ACAMS moneylaundering.com, here: https://shorturl.at/Jrkuy #OFAC #MoneyLaundering #AML #Cryptocurrency #Treasury #Cybercrime

Understanding North Korea’s $1.5 Billion Bybit Theft, with Geoff White In this episode of “Financial Crime Matters,” Kieran Beer talks with Geoff White, the author of three crucial books on financial crime, including “The Lazarus Heist: From Hollywood to High Finance: Inside North Korea's Global Cyber War.” Drawing from “The Lazarus Heist” and a plethora of recent information, Geoff details North Korea’s $1.5 billion theft of ether in February from Bybit, a large global cryptocurrency exchange. During their discussion, Geoff provides a decades long history of North Korea’s efforts to steal foreign currency, particularly dollars, and describes how its hackers used a third-party vendor and long-term surveillance to empty Bybit’s Ethereum wallet. Geoff also describes Bybit’s ongoing efforts to recover the lost cryptocurrency and argues for a concerted worldwide effort to prevent future hacks. Listen now: 🔗 https://bit.ly/4hxzady

BREAKING NEWS: A U.S. securities regulator fined New York broker-dealer Tigress Partners for onboarding hundreds of high-risk clients without fully vetting them then, or afterwards. Read in front of the paywall, on ACAMS moneylaundering.com, here: https://shorturl.at/RmGHk #AML #Securities #Regulations #Finra #SEC #MoneyLaundering

🚨Big news in the crypto world!🚨 Notorious Russian crypto exchange Garantex, alleged to have laundered money for terrorists, drug traffickers and hackers has been taken down! The U.S., German and Finland governments have seized its website domains, servers and illicit funds. They’ve also announced criminal charges against its operators. Craig Timm explains that this sends a strong message to exchanges that don’t follow the rule. These enforcement actions play a big role in the overall U.S. strategy to support the responsible growth and use of crypto. What do you think are the biggest developments in crypto right now, and where do you see things heading?

Fraud is a growing threat for financial institutions worldwide. To support anti-financial crime professionals to overcome the challenges fraud presents, we’re expanding our Certified Anti-Fraud Specialist (CAFS) program to five new languages. CAFS is now available for pre-sale in Arabic, French, Japanese, Simplified Chinese, and Spanish. The complete certification program in each language - including study materials and the exam – will launch this summer. Find full details on our website: Arabic -> www.acams.org/cafs/arabic French -> www.acams.org/fr/cafs Japanese -> www.acams.org/ja/cafs Simplified Chinese -> www.acams.org/zh-hans/cafs Spanish -> www.acams.org/es/cafs

Cryptocurrency investment scams are leaving thousands of victims devastated. Fraudsters exploit online relationships — whether professional, platonic or romantic — to lure victims into fraudulent crypto investments, promising lucrative returns. To combat this growing crisis, the FBI launched 𝐎𝐩𝐞𝐫𝐚𝐭𝐢𝐨𝐧 𝐋𝐞𝐯𝐞𝐥 𝐔𝐩, a new initiative that has already saved over 4,300 potential victims from losing an estimated $285 million. In this episode of ACAMS Live, Craig Timm, Senior Director of AML, ACAMS, will be joined by James Barnacle, Deputy Assistant Director of the FBI’s Criminal Investigative Division, to discuss how financial institutions and professionals can help detect and prevent crypto investment fraud. 𝐓𝐡𝐞 𝐀𝐂𝐀𝐌𝐒 𝐋𝐢𝐯𝐞 𝐝𝐢𝐬𝐜𝐮𝐬𝐬𝐢𝐨𝐧 𝐰𝐢𝐥𝐥 𝐞𝐧𝐜𝐨𝐦𝐩𝐚𝐬𝐬 𝐤𝐞𝐲 𝐚𝐫𝐞𝐚𝐬, 𝐬𝐮𝐜𝐡 𝐚𝐬: 🔴The latest trends in crypto scams and their devastating impact 🔴How Operation Level Up is intervening to minimize financial losses 🔴Strategies for financial institutions to detect red flags and protect customers Don’t miss this opportunity to learn how you can help combat financial fraud. Register now to join the conversation 👇

ACAMS’ latest Fraud Watch episode is now live: https://bit.ly/4hK6jCx Watch now to get the latest on: - Fraud as a national security threat - Morgan Stanley insider case - FBI’s Operation LEVEL UP - Fraud-related SARs trends (2024 Fraud Bulletin) - Insights from Expert Q&A on Fraud Risk Management with Andrew La Marca

EXCLUSIVE: Now in front of the paywall, the full transcript of ACAMS moneylaundering.com bureau chief Koos Couvée's interview with Bruna Szego, first chair of the EU AML Authority: https://shorturl.at/obPca #AML #Compliance #Regulation #Banking #MoneyLaundering

🔍 Did you know? Cyber-enabled fraud now accounts for more than 80% of reported fraud cases in Europe. Our latest eBook explores how technology is reshaping fraud schemes and offers strategies for financial institutions to stay protected. 👉 Download it here: https://bit.ly/3F03HTm #FraudRisk #CyberFraud #FinancialSecurity