AML Conversations

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.

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