In this episode of This Week in AML, Elliot Berman is joined by Jennie Jonas to unpack FinCEN’s 2024 Year in Review, BSA modernization efforts, and key takeaways from recent FATF reports. They also explore global fraud trends, regulatory shifts in the EU and UK, and the evolving role of digital currencies in financial crime prevention, and other issues affecting the financial crime prevention community.
This week, John and Elliot discuss key outcomes from the June FATF Plenary, OFAC enforcement actions, the DOJ’s evolving stance on white collar crime, the ABA’s lawsuit challenging executive orders targeting law firms, a request for comment from the US bank regulators on payment and check fraud, and other issues affecting the financial crime prevention community.
Senior Economist for the Economic Policy Institute, Adam Hersh, discusses the immediate and potential impact of the Trump tariffs, the ongoing challenges of trade fraud, and how the loss of government resources will impact all areas of society.
FCA Guidelines, EU Blacklist, Syrian Antiquities, and a FinCEN Advisory by AML RightSource
This week, John and Elliot discuss the updated Enforcement Guide from the Financial Conduct Authority, the changes to the EU money laundering blacklist, the latest on the trafficking of Syrian antiquities, FinCEN’s Advisory on Iranian illicit oil smuggling, and other issues affecting the financial crime prevention community.
Elliot Berman and Jeff Fischer explore how financial institutions can transform risk assessments from a regulatory obligation into a powerful decision-making tool. They discuss tailoring assessments for different stakeholders, avoiding internal risk gaps, and ensuring a scalable, story-driven process that aligns with an organization's size, complexity, and risk appetite.
Popular AML Expert Sarah Beth Felix shares her candid observations on the 2025 challenges with BSA oversight, crypto guardrails, and what to expect from the private sector in the future.
This week, John and Elliot discuss the recent GAO report on AI in financial services, AUSTRAC’s media release about crypto ATMs and their use in scams, fraud, and illicit finance, a new Canadian proposal to strengthen its boarders, including efforts to crack down on money launderers, a new North Dakota data security law impacting financial service providers, and other items impacting the financial crime prevention community.
Each industry segment has unique issues for its third-party risk management program. Learn what you need to know for the manufacturing sector.
This week, John and Elliot discuss the recent Wolfsberg 25th Anniversary Forum, the outcomes of the G7 meeting of Finance Ministers and central bank governors, the Manhattan D.A.’s office return of looted antiquities to Peru, a proposed bill in the US Senate concerning Russia sanctions, and other items impacting the financial crime prevention community.
This week, John and Elliot discuss new Russian sanctions from the Council of the European Union, new UK AML requirements for art dealers, a call to action from FATF, Interpol, and UNODC, AUSTRAC’s second public consultation on new AML/CTF rules, an alert from NYDFS about scammers impersonating crypto service providers, and other items impacting the financial crime prevention community.
In this episode of AML Conversations, Joe McNamara, Director of Solutions Marketing at AML RightSource, sits down with Vesna McCreery, a seasoned financial crime compliance expert and Managing Director at AML RightSource, to dissect the alarming rise in global fraud. Together, they explore the historical divergence and recent convergence between fraud prevention and AML functions, the trillion-dollar scale of the fraud problem, and how digitalization, AI-driven deepfakes, and cross-border crimin...
Learn how the changing tariff environment can impact your third-party risk management program.
This week, John and Elliot discuss updates to the US Department of Justice corporate enforcement policy, the OCC’s priority areas, Transparency International’s report on corruption’s role in fueling arms diversion, and other items impacting the financial crime prevention community.
In this episode of AML Conversations, Joe McNamara sits down with David Lutz, Senior Director of the Financial Crimes Advisory group at AML RightSource, to demystify the concept of blockchain hops and explore the evolving challenges in crypto compliance. The conversation highlights the nuances of tracing crypto transactions across multiple intermediaries and the balance between leveraging blockchain data and establishing defensible, risk-based compliance frameworks. They also discuss the implica...
This week, John and Elliot discuss a large fentanyl bust at the southern border, a fraud case, and an AML case in Charlotte, remarks by the AMLA Chairman about the organization's top three priorities, activity at the House Financial Services Committee about cryptocurrency, a paper from the Basel Institute for Governance on the importance of asset recovery in the current environment, and other items impacting the financial crime prevention community.
The Jewelers Vigilance Committee General Counsel Sara Yood and Assistant Counsel Liz Fraccaro discuss advocacy, training, and raising awareness needs of the jewelry industry.
This week, John and Elliot discuss remarks for the former head of CISA and an open letter from JP Morgan Chase’s CISO about cybersecurity, allegations from the European Public Prosecutor’s Office about corruption in the European Court of Auditors, a GAO report about the need of Inspectors General for beneficial information to detect fraud in federal programs, reports of law enforcement opposition to the rollback of the CTA, and other items impacting the financial crime prevention community.
This week, John and Elliot discuss the UNODC’s technical policy brief on the expanding activity of Asian crime syndicates, a policy brief on high-level corruption from Project FALCON, a blog post from the FACT Coalition how high gold prices are fueling guerilla warfare in Columbia, the NCA’s effort in 2024 to interdict fraud and its focus on online fraud involving AI, and other items impacting the financial crime prevention community.
Nasdaq Verafin’s EVP and Head of Financial Crime Technology, Stephanie Champion, discusses their 2024 Global Crime Report, highlighting the key concerns of AML professionals and how to approach the need for action.
This week, John and Elliot discuss the SEC’s statement on offerings and registrations of securities in the crypto asset markets, the UK requirement for identity verification for corporate directors and controlling owners, FinCEN’s renewal of geographic targeting orders relating to residential real estate, FCA’s updated Financial Crime Guide, and other items impacting the financial crime prevention community.
This week, John and Elliot discuss FinCEN’s Financial Trend Analysis, on fentanyl-related illicit finance, the OCC’s disclosure of an email breach, the Department of Justice’s announcement of a change in focus of its policy on prosecuting crypto crime, the fines against Revolut Bank, the increase in real estate by oligarchs in New York, and other items impacting the financial crime prevention community.
John Tobon sits down with us and discusses his over 30-year career battling financial crime at US Customs and HSI.
This week, John and Elliot discuss Transparency International’s Opacity in Real Estate Ownership Index, FinCEN’s alert on bulk cash smuggling by Mexican cartels, IRS-CI’s release of 2024 BSA metrics, and its CI-FIRST initiative, Congressional hearings by a House Financial Services subcommittee, and other items impacting the financial crime prevention community.
Alison K. Jimenez, President of Dynamic Securities Analytics, Inc., and Steven Kemmerling, Founder & CEO of CRB Monitor, discuss the value of AML analytics in AML/CTF compliance.
This week, John and Elliot discuss the OCC’s announcement that national banks will no longer be examined for reputational risk, an FTC report on the growth of payment fraud, a report from the University of Trier in Germany showing that money laundering directly causes an increase in housing prices, the decision to stop funding a national database tracking domestic terrorism, hate crimes and school shootings, and other items impacting the financial crime prevention community.
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.
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 ho...
AI Podcast Project 2019 No Music by AML RightSource
