AML Conversations

Topics include a Congressman indicted on money laundering charges, US sanctions on ransomware group LockBit, FinCEN's advisory on Iran-backed terrorist organizations, AML program deficiencies in a Montana bank, and discussions on the effectiveness of sanctions and third-party risk management

Join Joe McNamara (AML RightSource), Elena Christopher (HFS Research), and John Byrne (AML RightSource), on a deep dive into the recent joint market impact report, “Driving the Evolution of Financial Crime Compliance: The People and Tech Imperative”. Joe, John, and Elena discuss some of the report’s interesting findings on the evolution of financial crime compliance, the driving force behind the survey, as well as a few practical insights found between the lines of the report. Discover how technology, when merged with expert human insights, is revolutionizing anti-money laundering efforts, particularly as we navigate the complexities of digital assets and expanding regulatory frameworks. Tune in for a compelling discussion on fostering effective collaborations between compliance professionals and law enforcement to tackle financial crimes more efficiently in today's dynamic environment.

Topics include new policies on critical infrastructure security, easing restrictions on marijuana, and money laundering in US real estate. Also discussed are FinCen's real estate rule, TD Bank's AML provision, and the FBI's caution on crypto exchanges. Insights on fraud, money laundering, and banking supervision, along with FADF wire transfer recommendations.

This podcast episode covers topics such as elder financial abuse, environmental crime, and regulatory proposals in the anti-money laundering efforts. It also discusses industry pushback, legal challenges, international compliance, and upcoming webinars featuring IRS C.I. Chief.

Advisory experts Joshua and Jonathan discuss tuning and optimization in AML systems, focusing on transaction monitoring thresholds, performance metrics, SAR triggered by multiple rules, and balancing data-driven methods. They emphasize the importance of high-quality data, key performance indicators, and the technical process of tuning for effective AML compliance programs.

The podcast discusses fraud schemes with counterfeit US passport cards, complex money laundering via casinos and sportsbooks, and new stablecoin legislation. They also talk about regulatory proposals for hedge funds, alerts on cyber crime, online betting money laundering risks, and job cuts in risk management.

This podcast covers Treasury testimony in the US Senate Banking Committee, DOJ report on pandemic fraud, impact of Russia sanctions, bipartisan bill for pandemic fraud prevention, IRS actions against COVID fraud, recent Senate hearings on cryptocurrency regulations, global financial impact of sanctions against Russia, challenges in complying with treasury regulations, foreign policy tools, Cease and Desist Order for Bank Holding Company, retirement announcement of an IRS CI chief, and celebration of the podcast's 200th episode.

The money laundering challenges and potential abuse of the myriad “Residency and Citizenship by Investment Programmes.”: A FATF-OECD Report. Our panellists discuss the 2023 Report and the need for improved awareness of enabling the movement of illicit funds without proper oversight and reporting. Graham Peachey: UK Home Office Senior Policy Advisor and Project Co-lead for the Financial Action Task Force project on Misuse of Residency and Citizenship by Investment Programmes. Tivon Sterin: Senior Policy Advisor, Office of Terrorist Financing and Financial Crimes, U.S. Department of the Treasury. Co-lead for the FATF project team on Misuse of Residency and Citizenship by Investment Programmes.

American Mother: A conversation with Diane Foley, President and Founder of the James W. Foley Legacy Foundation. Diane discusses her book, her decade-long effort to change American policy on hostage negotiations, the continued need to ensure the safety of journalists traveling aboard, and the overall importance of journalism in a world racked with terrorist activity.

This week, the US Department of Commerce issued a report about investigations of export control and antiboycott violations. FATF published information about countries’ progress in complying with its Recommendation 15 about VASPs. FinCEN requested information on a possible change to the CIP rule. John and Elliot discuss these items and others and their meaning for the financial crime compliance community.