AML Conversations

Forced labor and human rights issues are serious risks in the supply chain. Learn how adequate due diligence can help detect and interdict these activities.

Managing third-party relationships grows complex as companies expand. Discover the critical role of technology in streamlining risk management strategies. Learn how effective due diligence starts with data aggregation and a risk-based evaluation. Delve into the importance of sanctions and media screening to mitigate legal and reputational risks. This conversation provides insights into navigating the challenges tied to large vendor populations in today’s dynamic landscape.

This week, John and Elliot discuss corruption, including the dropping of charges against New York Mayor Eric Adams, the Basel Institute on Governance’s new quick guide on strategic corruption, and the DOJ’s pausing enforcement of the Foreign Corrupt Practices Act. They also discuss issues raised by BaFin about AI-based fraud, actions by Europol on cybercrime, and other items impacting the financial crime prevention community.

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.