AML Conversations

The conversation dives into the OCC's recent decision to halt reputational risk examinations for national banks, sparking significant implications. A startling FTC report reveals a staggering $10 billion in fraud losses, primarily due to bank transfers and crypto. Fascinatingly, a study links money laundering to rising housing prices in Germany. Additionally, the abandonment of a national database tracking domestic terrorism raises concerns amid increasing cybersecurity challenges. These topics highlight the urgent need for collaboration in tackling financial crime.

This week, John and Elliot discuss the 2024 Annual Report from ICIJ, OCCRP’s reporting on the UK’s enhanced enforcement activities, FATF’s Second Public Consultation on Recommendation 16, the Basel Institute on Governance’s Project Falcon, the New Zealand national risk assessment, and other items impacting the financial crime prevention community.

Hanjo Seibert, a Managing Director of BCG, outlines the importance of technology in compliance and compliance itself to address fraud in 2025.

Elliot Berman, AML RightSource Marketing Advisor, sits down with Senior Analyst Diane Dylinski to discuss her experience writing a blog article which was later published on the firm’s website. Elliot and Diane guide the listeners through the guest authorship process from topic approval to content editing and final publication. Diane also shares her thoughts on earning AML University credits as well as the rewarding sense of accomplishment as an AMLRS published author.

In this edition of AML RightSource Voices, we're exploring the impact of cannabis legalization on financial institutions (FI). What has changed? What hasn’t? And what can FIs do? Chuck Taylor, AML RightSource’s Executive Vice President and Head of Financial Crimes Advisory and Elliot Berman, AML RightSource’s AML/BSA Thought Leader will discuss the current state of law and regulation of FI activities with participants in the cannabis and hemp industries, possible changes in the landscape, and how some FIs are interacting with this customer segment today.

AI Podcast Project 2019 No Music by AML RightSource

We Are Our Heroes Intro by AML RightSource

In this episode of AML Conversations, John Byrne interviews David Stewart, Director, Financial Services Industry, Fraud & Security Intelligence Practice for SAS Institute Inc. David has spent many years in the AML/Financial Crime space and his insight is sought by many in our community. During their discussion, John and David discuss the impact of the COVID-19 pandemic on his global team, how he sees compliance after the “new normal” and the recent SAS paper, “What is next- generation AML?.” The paper delves into issues such as innovation, model governance and how to manage AML and fraud.

In this episode of AML Conversations, John sits down to discuss the AML challenges and successes in the gaming industry with the former Senior Director of Gaming Policy at the American Gaming Association (AGA), Elizabeth Cronan. Now the Vice President Government Relations at Geoguard, Cronan elaborates on various themes in enforcement actions, the rise of mobile and on-line gaming, and the increase in sports betting.

In this episode of AML Conversations, John sits down with Sara Crowe, Strategic Initiatives Director, Financial Systems for the Polaris Project. Sara leads Polaris’s efforts to partner with the financial services industry to implement a comprehensive and industry-wide strategy to intervene in the crime of human trafficking. This initiative aims to 1) disrupt human trafficking businesses on a global scale by using existing financial system structures and processes (such as anti-money laundering and economic sanctions frameworks) to decrease the profitability of sex and labor trafficking while increasing the risk to traffickers; 2) shift financing practices to reward businesses with good labor conditions; and 3) bolster financial resiliency of vulnerable populations and trafficking survivors through financial inclusion initiatives. During their discussion, John and Sara cover issues related to the crimes of human trafficking during the pandemic, the value of partnering with the financial sector and how to get engaged in any of a variety of projects supporting the detection and prevention of human trafficking.