AML Conversations

Experts Josh and Jon discuss tuning and optimization in financial institutions, covering regulatory requirements, benefits, and transaction monitoring perspectives. They explore event-triggered tuning, challenges, customer segmentation, and alignment of monitoring scenarios for effective alert generation.

This week, the US Department of Justice filed a forfeiture action to seize New York apartments allegedly purchased with funds from a corruption scheme in Mongolia. FATF upgraded its assessment of the US’s response to Recommendation 24 on beneficial ownership. The Wolfsberg Group issued new guidance on internal audit programs for financial crime compliance programs. The US Treasury released a report on managing AI-specific cybersecurity risks in the financial sector. John and Elliot discuss these items and their meaning for the financial crime compliance community.

Join John and Elliot as they unpack insights from a major AML Partnership Forum. They discuss the vital role of data in combatting human trafficking and highlight federal efforts to tackle trafficking and cyber threats. The importance of transparency in anti-money laundering projects, especially in the art market, takes center stage. With future plans laid out, anticipate more discussions on terrorist financing and personal advocacy work from families affected by this issue. Tune in for a blend of impact and innovation in the fight against financial crimes.

Exploring US intelligence's annual threat assessment, foreign-based compliance obligations, new sanctions notes, corruption cases in Brazil, and updates on AML partnerships and budget implications.

There are many things to talk about this week. A US District Court issued an opinion disrupting the beneficial ownership registry. The UK Financial Conduct Authority issued a letter to CEOs about the inadequacy of compliance with money laundering regulations. An op-ed about avoidance of sanctions in the US art market. An investigative article into facilitating shell companies. John and Elliot discuss all these items and their meaning for the financial crime compliance community.

John and Elliot discuss the outcomes from the FATF Plenary, new sanctions issued against Russia, the results of the Puerto Rican Bankers’ AML Forum, and their meaning for the financial crime compliance community.

Dr. Gerald Fitzgerald discusses how misinformation harms humanitarian work of Muslim charities, manipulating information impact on policy making and operations, enhancing philanthropic response, influence of false information on policymakers and financial institutions, and the importance of due diligence and AI technology in compliance

Exploring the challenges of emerging financial crime and geopolitical risks, the podcast discusses data management, technology advancements, and the need for enhanced capabilities in combating financial crime. The conversation touches on the complexities of monitoring transactions, global sanctions, and the significance of data analysis tools for effective risk understanding and prevention.

Discussion on new EU AML Regulations impacting crypto and luxury goods trading. Updates on Puerto Rico AML rules and recent sanctions news. Exploration of UN's humanitarian carve out and FinCEN's compliance guide for beneficial ownership access. EU's progress on aligning with global standards and upcoming FADF discussions on citizenship programs.

FinCEN issued a Notice of Proposed Rulemaking on giving investment advisors reporting and recordkeeping obligations under the BSA this week. FinCEN also posted a Financial Trend Analysis reviewing the use of convertible virtual currency and online child sexual exploitation and human trafficking. John and Elliot discuss these and other happenings this week and their meaning for the financial crime compliance community.