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.
Dr. Mohamed Lazzouni, Chief Technology Officer of Aware, discusses the value of biometrics for onboarding, KYC, and other responses to money laundering, cyberattacks, and various financial crimes.
This week, John and Elliot discuss the Transparency International report on the best places to hide dirty money, several actions in the sanctions area including relief from some sanctions on Syria, the DOJ’s distribution of $1billion to victims of state-sponsored terrorism, several bank regulatory actions, recent court decisions relating to the Beneficial Ownership registry and the Corporate Transparency Act, and other items impacting the financial crime prevention community.
This episode originally aired on July 26, 2024 John and Elliot discuss several developments impacting the financial crime community this week. These include a report on foreign investment in the US, the interagency statement on the AML/CFT program proposal, and the regulatory agenda for the Treasury Department. They also talk about the report from the House Financial Services Committee working group on AI, new sanctions on fentanyl producers, and a Europol report on migrant smuggling.
This week, the US Department of Justice made two announcements about repatriating funds seized from criminal actors. The Federal Reserve issued a cease and desist order regarding banking as a service. FinCEN issued a reminder about the importance of detecting elder financial abuse. John and Elliot discuss how these items impact the financial crime prevention community.
Bonnie Goldblatt has started AML Art Compliance Experts (AACE) after a career in law enforcement and the financial sector. She discusses using art to move and disguise illicit funds and what FI’s can do to meet these challenges.
This week, John and Elliot discuss a GAO report on CTRs, the OCC’s semi-annual report on risk, actions by the US Treasury to disrupt global narcotics traffickers and North Korean digital asset hacker network, UN action creating a humanitarian carve out to Resolution 2664, and other items impacting the financial crime prevention community.
This week, John and Elliot discuss the recent report on Forced Labor in the Global Supply Chain, the 2024 Annual Report from IRS:CI, several actions taken by the US Treasury, OFAC, and FinCEN, an interesting blog about how to tackle the growing impact of fraud, and other items impacting the financial crime prevention community.
This week, John and Elliot discuss the Federal Court decision enjoining the Corporate Transparency Act, the latest Basel AML Index, the Human Security Collective's recent sanctions mapping study, various actions by the US Treasury, remarks by the UK’s new head of cybersecurity, and other items impacting the financial crime prevention community.
This episode originally aired on August 30, 2024 This week, John and Elliot discuss FinCEN’s new final rules for reporting on residential real estate transactions and the program requirement for investment advisors. They also look at HSI’s Project Red Hook, its efforts to stem gift card fraud schemes, and a report from the University of Sussex, which rates the US as the preferred hub for corrupt financial transactions.
This week, John and Elliot discuss actions by the US Treasury against Hamas and fentanyl traffickers, new regulations from CFIUS to enhance enforcement of limitations on foreign investment in the US to protect national security, new guidelines from the European Banking Authority to streamline and standardize AML rules, observance of International Fraud Awareness Week, and several other items impacting the financial crime prevention community.
This week, John and Elliot discuss comments by the AUSTRAC CEO, FinCEN’s proposed real estate reporting form, a new UN report on trends in financing terrorist fighter’s activities, a new Commerce Department report on investigations of export control and anti-boycott violations, the arrest of the Spanish Police AML Chief on corruption charges, and several other items impacting the financial crime prevention community.
This week, John and Elliot discuss the regulatory action in the UK to require sellers of art to verify the identity of buyers and their source of funds, the action by Companies House requiring the collection and retention of corporate director identity data, several prosecutions under the Export Control Reform Act, a request from the Canadian Bankers Association to reduce the number of STRs required to be filed, and several other items impacting the financial crime prevention community.
This week, John and Elliot discuss the outcomes of the October FATF Plenary, a recent investigative report about former government officials giving advice on sanctions compliance, the US Treasury’s National Strategy on Financial Inclusion, FINTRAC’s recent bulletin on the risks of Canadian lawyers not having to comply with AML rules, and several other items impacting the financial crime prevention community.
Mark Freedman of Rebel Global Security returns to AML Conversations and discusses a new era of Great Power Competition (GPC) between the United States, China, and Russia, which now dominates international politics - and its security impacts on the private sector. He points out that nation-state cyber-attacks on privately owned critical infrastructure, foreign espionage to steal intellectual property, and malign foreign investments are just a few of the tactics shaping the 21st-century battlefiel...
This week, John and Elliot discuss remarks by the US Attorney for Puerto Rico, the UK’s FCA’s warning to “finfluencers” about not promoting scams on social media platforms, the OCC’s action against Axiom Bank for AML program problems, an interview with the new FATF president, and several other items impacting the financial crime prevention community.
Doug Gilmer finished his lengthy law enforcement career at the Center for Countering Human Trafficking as the Senior Law Enforcement Liaison. He now runs Resolved Strategies, a global justice solutions group. Doug talked to us about the various challenges among all stakeholders to combat human and labor trafficking.
This week, John and Elliot discuss a new report from the FACT Coalition, Money Laundering from Environmental Crime: Typologies and Trends in Countries in the Amazon Region, new guidance issued by the Bureau of Industry and Security about compliance with Export Administration Regulations, new sanctions issued by the US and Canada against a sham charity fundraising for the PFLP, a reminder from IRS about the Tax-Exempt Organization Search (TEOS) tool and making safe charitable contributions, and s...
This week, John and Elliot discuss a new report from the UN Office of Drugs and Crime on Transnational Organized Crime and the Convergence of Cyber-Enabled Fraud, Underground Banking, and Technological Innovation: A Shifting Threat Landscape, an article on the use of cryptocurrencies in election disinformation, FCA’s recent fining of Starling Bank over its failure to have an adequate financial crime prevention program, the latest US sanctions of Hamas and several other items impacting the financ...
We spoke to Guy Ficco, Chief of IRS:CI, about his first six months in the position, IRS:CI's international activities, multi-agency outreach activities about fentanyl, and the continuing challenges of the increase in frauds.
This week, John and Elliot discuss a program rule comment letter from The Wolfsberg Group, new guidance on corporate compliance programs from the US Department of Justice, proposed anti-corruption legislation in the US Senate, the FBI’s new online Crime Datta Explorer, and several other items impacting the financial crime prevention community.
This week, John and Elliot discuss a release from the G7 on preventing the evasion of Russian sanctions and export controls, reported payments for Yevgeny Prigozhin made through Western banks, FATF’s report on its recent mutual evaluation of India, the Financial Conduct Authority’s recent insights on fraud, and several other items impacting the financial crime prevention community.
Julia Yansura, Project Director for the FACT Coalition, discusses the new policy brief, Environmental Crimes Pose Unique Illicit Finance Challenges.
This week, Elliot and Joe McNamara discuss new proposed FDIC regulations regarding recordkeeping for custodial deposit accounts, supervision of crypto ATMs in the UK, money laundering risks in the art world, casinos in Australia, and other items impacting the financial crime prevention community.
We spoke to Deborah Lehr, Chairman of the Board, and Tess Davis, Executive Director of the Antiquities Coalition, about the importance of detecting, identifying, reporting, and understanding how cultural artifacts can be used to move illicit funds.
This week, John and Elliot discuss several federal indictments relating to terrorism announced by the DOJ, a Financial Trend Analysis on mail theft check fraud from FinCEN, a Cryptocurrency Fraud Report from the FBI, a Data Spotlight about Bitcoin ATMs from the FTC, and several other items impacting the financial crime prevention community. They also commemorate the 23rd anniversary of 9/11.
Vesna McCreery sits with AML experts David Harley and Adrian Quigley to discuss AML compliance in the UK and the EU. They also look at how these regimes differ from the requirements in the US and Australia.
This week, John and Elliot discuss the arrest of a senior aide to several NY governors for violations of the Foreign Agents Registrations Act and money laundering, COVID fraud charges in NJ, the seizure of an airplane owned by Venezuelan president Maduro, the uncovering of corruption in Malta by a US healthcare company, and several other items impacting the financial crime prevention community.
This week, John and Elliot discuss FinCEN’s new final rules for reporting on residential real estate transactions and the program requirement for investment advisors. They also look at HSI’s Project Red Hook, its efforts to stem gift card fraud schemes, and a report from the University of Sussex, which rates the US as the preferred hub for corrupt financial transactions.
Industry experts Christopher Sindik, Director of Third-Party Risk and Due Diligence at Blue Umbrella, and Patrick Bowe, Senior Director of Product Solutions at AML RightSource join our host, Rachel Dettmer, to discuss the importance of adverse media in financial crime compliance. Previously considered a 'nice-to-have' in the compliance toolkit, they explore why adverse media has increasingly become a 'must-have' for dynamic risk management, how AI is part of the problem and solution, and how we ...
