In this episode of This Week in AML, John Byrne and Elliot Berman cover a wide range of developments in the financial crime and compliance landscape. They look at international enforcement actions, including record AML fines for UK law firms and Switzerland’s updated typology report. The conversation spans topics such as life insurance vulnerabilities, cultural heritage protection, Rabobank’s compliance-driven leadership shift, Iran’s FATF ambitions, insider threat mitigation in Canada, and Nigeria’s efforts to combat terrorist financing via crowdfunding. Domestically, they unpack major U.S. regulatory proposals, including redefining community banks, eliminating reputation risk as a supervisory focus, and evolving model risk management guidance.
