AML Conversations

Learn how AI can improve due diligence activities in your third-party risk management program.

This week, John and Elliot discuss remarks by the president of the Basel Institute on Governance on its new priorities in addressing corruption, environment, and climate challenges. They also reviewed the FATF 2023-2024 Report, new expectations from the FCA on fraud reimbursements, progress on the EU’s new anti-corruption legislation, congressional hearings on debanking, turmoil at the FBI, and other items impacting the financial crime prevention community.

Dive into the nuances of structuring an effective third-party risk due diligence program. Explore the pros and cons of centralized versus decentralized approaches, tailored to the unique needs of each organization. Discover how factors like company size, resource availability, and training impact compliance strategies. Learn the essential principles for effective due diligence, emphasizing the crucial role of senior leadership. This engaging discussion is packed with real-world experiences and practical insights for optimizing risk management.

Ari Redbord, Global Head of Policy and Government Affairs at TRM Labs, discusses their 2024 Crypto Crime Report, Trump’s Executive Order on digital assets and related issues for 2025.

This week, John and Elliot discuss FDIC’s recission of job offers to 200 new examiners, an alert about check fraud through theft of US mail, an announcement that Belize is the most compliant with FATF’s 40 recommendations, FINTRAC’s operational alert about Laundering the proceeds of illicit synthetic opioids, the Senate Banking Committee’s inquiry into debanking, and other items impacting the financial crime prevention community.

Les Joseph, a career financial crime prevention expert, discusses several options for combatting this crime, including A Fraud Czar….

Learn how changing technologies can support your third-party risk management program.

This week, John and Elliot discuss some of the pardons issued by the new administration, actions taken by several state financial service regulators, the EU’s Digital Operational Resilience Act, sanctions and export control penalties levied against a US automated equipment company, and other items impacting the financial crime prevention community.

This week, John and Elliot discuss the forthcoming Crypto Crime Report for 2024 from TRM Labs, various sanctions focused on the Russian energy sector and cross-border payments between actors in Russia and China, civil money penalties against former senior officials at Wells Fargo, penalties issued against Robinhood by the SEC, insights from counter-terrorism experts at the Atlantic Council, and other items impacting the financial crime prevention community.

Ashleigh Subramanian-Montgomery, Senior Policy Director of the Charity and Security Network, discusses the recent report on the impacts of UN Resolution 2664 on financial institutions and donors, the passage of a permanent humanitarian carveout, and the challenges in Syria assisting those in need during the country's chaotic times.