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Financial Crime Matters

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Jun 5, 2023 • 29min

Creating the Next Wave for Fighting Financial Crime, with FINTRAC’s Sarah Paquet

Kieran talks with Sarah Paquet, Director and CEO of the Financial Transaction Reports Analysis Centre, FINTRAC, live from ACAMS’ 27th annual moneylaundering.com conference in Hollywood, Florida. Sarah discusses FINTRAC’s new role handling sanctions intelligence, managing the revolution in financial technology, and the financial intelligence unit’s ongoing commitment to expand and further internationalize Canada’s anti-financial crime public-private partnerships. While detailing the initial success of the partnerships, including initiatives around human trafficking, online child exploitation and the fentanyl trade, the FINTRAC director says “we are definitely looking to bring [all] our partnerships to an international level” because FINTRAC should be seen not just as Canada’s FIU but as a trusted partner by global industry, law enforcement and the public. ---------- This Financial Crime Matters episode is sponsored by: SymphonyAI - www.symphonyai.com
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May 18, 2023 • 26min

Stemming Financial Crime in Art and Antiquities, with Steve Schindler and Katie Wilson-Milne

Kieran talks with Steve Schindler and Katie Wilson-Milne, partners at New York litigation and art law boutique Schindler Cohen & Hochman LLP about the state of financial crime in the global antiquities and art world. Charting some of the civil and criminal actions that have resulted in a recent wave of repatriations of artworks and antiquities from the world’s major museums, noted galleries and private collections, Steve and Katie also discuss the Financial Crimes Enforcement Network’s (FinCEN) recent extension of anti-money laundering and counter-terror finance reporting responsibilities to antiquities dealers. In laying out some of the red flags associated with illicit art and antiquities transactions Steve and Katie, who co-host “The Art Law Podcast,” also share their sense of where regulation of the two markets is headed in the United States and the world.
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Apr 17, 2023 • 22min

Re-thinking the ‘War on Dirty Money,’ with Tristram Hicks

Kieran talks with Tristram Hicks, co-author with Nicholas Gilmour of “The War on Dirty Money,” an examination of the promise and short-comings of the current costly global effort to combat financial crime. Drawing on his years as a New Scotland Yard detective superintendent and his role as an international criminal justice advisor on the operational effectiveness of anti-money laundering regimes, Tristram discusses why current anti-financial crime efforts are inadequate and how they can be improved.
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Mar 14, 2023 • 22min

Keeping Up with the Financial Action Task Force and Beyond, with David Lewis

Kieran talks with David Lewis, executive secretary of the Financial Action Task Force (FATF) from 2015 to 2022, about the FATF’s recent plenary that gray listed South Africa and Nigeria, formally suspended Russia from membership, and criticized governments throughout the world for lax oversight of cryptocurrency businesses. Currently head of global AML at Kroll, David also weighs in on the United Kingdom’s and European Union’s latest AML efforts and shares his hope for greater transparency around corporate ownership drawing on his own experience as a senior official in the UK Treasury and the National Crime Agency.
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Feb 16, 2023 • 26min

How Britain Became Butler to the World’s Financial Criminals, with Oliver Bullough

Kieran talks with Oliver Bullough, award winning reporter for The Guardian, about his latest book, “Butler to the World: How Britain Became the Servant of Tycoons, Tax Dodgers, Kleptocrats and Criminals.” During their conversation, Oliver details how Britain and its territories became a favored facilitator for many of the world’s kleptocrats, having transformed a financial system that once served the country’s global empire into one adept at “investing” illicit funds and serving the whims of transnational criminals. A Russian studies specialist, Oliver expresses guarded optimism about recent U.K. legislative and regulatory developments in response to the invasion of Ukraine that may be a step toward ending Britain’s role as butler to the world’s financial criminals.
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Jan 29, 2023 • 28min

Preparing for FinCEN’s Latest Rulemakings and Beyond, with Daniel Stipano and Jamal El-Hindi

Kieran talks with Dan Stipano, partner at Davis Polk, and Jamal El-Hindi, Counsel at Clifford Chance, about the Financial Crime Enforcement Network’s far reaching new rules for creating a U.S. beneficial ownership information (BOI) database for regulators and law enforcement, including who will be required to file personal identifying information and who will not have access to the registry. Mandated by Congress to be operational by January 2024, Dan and Jamal also detail some of the essential questions that remain unanswered about the registry, and what the regulatory landscape will look like in 2023 and beyond. Dan and Jamal come to the discussion with Kieran drawing on 50 collective years of service in the U.S. regulatory community, Dan having started in private practice after 30 years with the Office of the Comptroller of the Currency and Jamal after 20 years in the U.S. Treasury.
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Jan 4, 2023 • 17min

Fighting the Online Exploitation of Children, with Jonathan Dupont and Tiffany Polyak

Kieran talks with Jonathan Dupont, a financial intelligence investigator for Western Union, and Tiffany Polyak, AFC Associate at ACAMS, about the growth in online sexual exploitation of children and the related rise in child sexual abuse materials on the Internet. In exposing the scope of the online exploitation, Jonathan and Tiffany point to the more than 100 million reports of child sexual abuse material (CSAM) in Europe and the United States in 2021, with 19,000 victims being identified in the United States alone. Drawing from their work to create ACAMS’ free online anti-CSAM training program, Jonathan and Tiffany detail typologies and tools to identify financial transactions associated with the exploitation of children, with the ultimate aim of apprehending the perpetrators of this heinous crime. “ACAMS CSAM Certificate” is part of a handful of training programs available as a public service. Visit https://www.acams.org/en/training/certificates/preventing-online-child-exploitation-with-financial-intelligence-an-overview to learn more.
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Nov 30, 2022 • 28min

Combating Cybercrime, with Bryan Smith

Kieran talks with Bryan Smith, chief of the FBI’s Cybercriminal Section and a 20-year bureau veteran, about the growing threat of cybercrime to both individuals and large corporations. Bryan discusses the destruction caused by cyber hacking, identity theft and old fashion fraud and he shares some of the successes the FBI has had in recovering stolen funds – whether in fiat currencies or crypto. While concerned about future cybercrime threats from criminals who are always innovating, Bryan also argues that there is much that can be done to prevent cybercrime and catch its perpetrators when law enforcement and the private sector work closely together. *This Financial Crime Matters podcast is sponsored by Verafin. For nearly 20 years, Verafin has helped institutions like yours fight financial crime and keep pace with changing regulations. For more information on how Verafin can help your institution, visit https://verafin.com today.
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Oct 17, 2022 • 27min

Exposing Financial Crime Down Under, with Nathan Lynch

Kieran talks with Nathan Lynch, author of 'The Lucky Laundry' - an expose of how Australia became the conduit for billons of dollars in laundered funds from the proceeds of drug trafficking, corruption, the sexual exploitation of children and other heinous crimes committed by transnational criminal organizations. Nathan, Manager of Thomson Reuters Regulatory Intelligence, Asia-Pacific, details how the 'Lucky Country' (as Australians view their homeland) became the 'Lucky Laundry' undermining confidence in the nation’s largest financial institutions and government, and creating a still unmet outcry for stricter anti-money laundering measures from parliament.
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Oct 3, 2022 • 23min

Making Sense of the Current Chaos in Crypto, with Joby Carpenter

Kieran talks with ACAMS colleague Joby Carpenter about the current tumult in the digital asset world, including plummeting cryptocurrency prices, digital value’s exploitation by money launderers, the threat from cyberhackers, and the rise in crypto-related fraud schemes. A global subject matter expert on cryptocurrency, Joby draws on 18 years of experience in strategic and risk analysis roles across the UK government, intelligence and regulatory community and concludes that there is a saner, albeit more regulated, future ahead for digital assets.

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