Aml Rightsource

In this installment of AML Conversations, John Byrne sits down with Bill Maggio. In a wide-ranging conversation, Bill, a member of the AML RightSource Advisory Board, and John discuss entrepreneurship, how new and rapidly growing companies help stimulate business communities, and the current expansion activity at AML RightSource.

In this installment of AML Conversations, John Byrne speaks with Markus Schulz, Deputy Global Head FCC & Global Head Change Management at IMG, about the history of technology in the financial crime compliance space and how technology has migrated into the regulatory and examination processes as well.

This week, Tim White and John Byrne discuss the recently imposed sanctions on Cuban officials by the Biden Administration

This week the at a hearing of a subcommittee of the House Banking Committee the risks related to central bank digital currencies. John and Elliot discuss some key risks identified in the testimony, including dollar primacy, economic and trade sanctions, and cybersecurity.

This week the US Senate Caucus on International Narcotics Control held hearing on the federal response to the drug overdose epidemic. John and Elliot discuss key themes of the hearings, interesting elements of the testimony, and insights into how the traffickers are moving their ill-gotten gains.

Adverse Media Screening is a powerful tool for KYC and EDD. During this installment of AML Conversations, John Byrne discusses how AMS can be a key part of an effective financial crime compliance program with Adrian Gardner, Head of KYC at Cash App and Eve Whittaker, Senior Account Manager at Arachnys.

This session covers the recently released report by Polaris and The Avery Center on how two financial institutions, working with a human trafficking survivor, were able to develop five themes on how traffickers moved funds derived from their illicit activities.

This week US banking regulators asked for comment on proposed interagency guidance on third-party relationships. The proposed guidance will replace existing guidance, some of which dates to 2009. John and Elliot discuss the proposal, what financial service providers should consider as this proposal becomes final, and how the proposal may impact the examination process.

The FATF has issued it’s second 12-month review of its revised standards for virtual assets and virtual asset providers. John Byrne, Executive Vice President and Elliot Berman, Creative Director of the AML RightSource staff, sit down and discuss the key elements of the review and its implications for global compliance in this emerging area.

This week FinCEN issued the first Anti-Money Laundering and Countering the Financing of Terrorism National Priorities. They identify eight areas of focus for the next four years. John and Elliot discuss the Priorities, what they mean for the focus of enforcement going forward, how they may impact the examination process, and how FIs may consider responding publication of the Priorities.

This week John and Elliot discuss the recent FinCEN recognition of a number of organizations related to the use of a Bank Secrecy Act, how they are using the data to aid in law enforcement efforts. They go through a handful of the examples listed in the document, and also talk about how friends of the show made this list!

John Davidson, AML expert from the securities industry, shares his views on the difference between traditional banking and securities, recent cases and actions by the Securities and Exchange Commission (SEC), and how he sees the financial crime prevention area changing in the coming years.

The US Administration is continuing its focus on domestic terrorism. This week it published its National Strategy for Combatting Domestic Terrorism. This week, Executive Vice President John Byrne, and Creative Director Elliot Berman of the AML RightSource staff discuss the key elements of the strategy and what it may mean for Bank Secrecy Act compliance going forward.

In this episode of AML Conversations, John Byrne sits down with Kerry Donley, a financial services executive who spent 18 years on the Alexandria, VA City Council and as Mayor for 8 of those years. Kerry had to navigate work-life balance with the added challenge of public service. He has dealt with the impact of 9/11 on his community, working closely with law enforcement and the unique nature of historical Alexandria that contains the home of George Washington. A compelling and insightful conversation that is relevant to today’s challenges.

The US Administration and the United Nations are focusing on the adverse impact of corruption on the global economy and political stability. This week, Executive Vice President John Byrne, and Creative Director Elliot Berman of the AML RightSource staff discuss the these efforts and how both organizations are working to create change and motivate nations around the world to take up actions to reduce this nefarious activity.

This week, John Byrne is joined by AML RightSource resident Sanctions expert and Special Advisor, Tim White. John and Tim discuss the recent release of the Global Magnitzsky Designations, and a few examples of what's happened recently in Bulgaria relating to the release. From gambling institutions, to professional basketball teams, the designations will undoubtedly affect a substantial amount of assets, now frozen.

The European Commission has issued a Communication on Business Taxation for the 21st century. The focus of the communication is to “promote a robust, efficient and fair business tax system” in the EU. This week, Executive Vice President John Byrne, and Creative Director Elliot Berman of the AML RightSource staff discuss the communication and its recognition that increasing the fairness in a tax system requires dealing with the problem of shell companies. John and Elliot explore the importance of transparency and the alignment of the EU effort with those of the current US administration.

The OCC has issued the Spring 2021 edition of its Semiannual Risk Perspectives. This week, Executive Vice President John Byrne, and Creative Director Elliot Berman of the AML RightSource staff discuss the report and its value to the financial crimes compliance community. John and Elliot explore some of the themes in the report and the importance of understanding how FI regulators are looking at various risks going forward.

There are many forces influencing global directions and the ability of governments, NGOs and individuals to respond to crises and political events. This week, Executive Vice President John Byrne, and Creative Director Elliot Berman of the AML RightSource staff talk about the report Global Trends 2040, issued by the National Intelligence Council. John and Elliot explore the themes identifies in the report and how they may influence global events over the coming decades.

Domestic and international terrorism are growing challenges. This week, Executive Vice President John Byrne, and Creative Director Elliot Berman of the AML RightSource staff talk about an announcement by the US Department of Justice of the second guilty plea by a member of the "Boogaloo Bois" to conspiracy to provide material support to Hamas. John and Elliot explore the growing connection between these two global problems.