Aml Rightsource

Shelby Katona has spent over a decade at AML RightSource leading complex investigations across alternative investment banks, traditional financial institutions, crypto platforms, and fintech companies. This diverse experience has positioned her and her team as specialists in one of the most critical—and challenging—areas of financial crime: human trafficking detection and prevention. In this conversation, Shelby reveals how FIs, MSBs, and other entities can identify the subtle patterns that expose trafficking networks, sharing real-world insights from her work helping clients build sophisticated detection programs. She'll explore the evolving tactics traffickers use to move money, the connected predicate crimes that often surface alongside trafficking cases, and the practical steps compliance teams can take to strengthen their defenses against these operations. From recognizing transaction red flags to building comprehensive monitoring frameworks, Shelby offers a practitioner's perspective on combating one

In this week's TWIA episode, John Byrne and Joe McNamara cover critical developments in financial crimes prevention across multiple jurisdictions. Cultural Racketeering Crisis Insights from a recent Atlantic Council program reveal Russia's systematic assault on Ukraine's cultural heritage: 200 million books destroyed, 35,000 artifacts stolen, and 2 million artifacts lost. Russian museum officials are personally complicit, prompting President Zelenskyy to issue sanctions against museum directors. Experts highlight AI's growing role in tracking stolen cultural property. Regulatory Updates FinCEN delays the investment advisor AML rule until 2028, citing deregulatory priorities despite acknowledging ongoing illicit finance risks. The President's working group releases digital asset market recommendations, while FinCEN warns about crypto kiosks being used for scams targeting older adults. International Developments The IMF's Canada financial stability assessment raises concerns about banking oversight gaps. New

Synthetic identity fraud is on the rise, and it’s more complex and dangerous than ever. In this episode, host Elliot Berman is joined by Amy Petric, Ross Yellon, and Adam Gunselman to break down how synthetic IDs are created, where they’re being used, and why they’re so hard to detect. You’ll hear real-world examples of fraud in credit cards, auto loans, and fintech platforms, along with insights into the tools and strategies financial institutions are using to fight back. From AI-generated IDs to dark web data and bust-out fraud, this conversation sheds light on the evolving tactics of fraudsters and the critical role of both technology and human oversight in stopping them.

In this episode of our special series on payment fraud, Elliot Berman is joined by Nikki Siko, Adrianna Wolfe, and Patrick Haney to explore the evolving landscape of financial fraud. From the surprising resurgence of check fraud to the rise of ACH scams, push payment fraud, and social engineering tactics, this conversation dives deep into the methods fraudsters use—and how financial institutions are fighting back. You’ll hear real-world examples, insights into fraud detection through monitoring and investigations, and the growing importance of customer education and interdepartmental collaboration. Whether you're in compliance, fraud prevention, or just curious about how these schemes unfold, this episode offers a clear-eyed look at the challenges and strategies shaping the future of fraud prevention.

In this week's episode, Joe McNamara and John Byrne examine significant shifts in the regulatory landscape, starting with a tribute to compliance leader Anna Rentschler. They dive into concerning changes to FCPA enforcement guidance that critics say abandons universal ethical standards, the OCC's unusual LinkedIn post signaling increased risk tolerance for banks, and growing threats to the Corporate Transparency Act. The discussion moves internationally to cover the UK's crypto asset sanctions compliance findings, the EU's latest money laundering risk assessment highlighting fintech vulnerabilities, and an FBI advisory on the Scattered Spider cybercriminal group.

David Tyree, Senior Advisor for Financial Crime Detection and AML for Valid 8, shares his views on the most essential ways to utilize bank data gleaned from his decades at DEA to his current work.

This week, John Byrne and Joe McNamara discuss Treasury's decision to postpone the investment advisor AML rule from 2026 to 2028 and reopen the comment process, drawing criticism from anti-corruption groups who warn it sends the wrong signal during the US's ongoing FATF evaluation. The hosts review Chainalysis's midyear crypto crime report showing $2.17 billion already stolen in 2025, with North Korea's $1.5 billion Bybit hack representing the largest single cryptocurrency theft in history. They also examine the newly signed GENIUS Act on stablecoins and its upcoming regulatory requirements. International developments include Russian universities offering Kremlin-backed master's programs in sanctions evasion and the EU's toughest sanctions package in years, which lowers the Russian oil price cap to $48 per barrel. The episode concludes with updates from the Wolfsburg Group on risk-based approaches and previews upcoming webinars on AI in compliance and fraud prevention.

In this episode, Elliot Berman and John Byrne discuss the U.S. legislative gridlock around crypto regulation during “Crypto Week” and the Senate’s bipartisan recognition of the need for a crypto market structure. The conversation also highlights the Basel Institute’s 2024 report, a GAO study on organized fraud in federal programs, and troubling staffing cuts at the State Department’s anti-trafficking and counterterrorism offices. They also examine enforcement actions against Wise and other issues affecting the financial crime prevention community.

In this episode, Elliot Berman and John Byrne dive into the latest developments in global financial crime compliance. They unpack the FATF’s new report on terrorist financing, explore upcoming U.S. legislation on cryptocurrency and stablecoins, and discuss AUSTRAC’s expanded AML/CTF regulations in Australia. The conversation also covers the FCA’s updated guidance on politically exposed persons (PEPs) and enforcement actions against digital banks like Monzo, and other issues affecting the financial crime prevention community.

In this episode, Elliot Berman and Jeff Fischer delve into how financial institutions can modernize their risk assessment practices by integrating fraud and AML considerations, responding to regulatory change, and leveraging data more effectively. They discuss the importance of aligning assessments with organizational risk appetite, embracing technology and automation, and adopting a dynamic, proactive approach to risk monitoring. From targeted product assessments to continuous dashboards, this conversation outlines how to streamline complexity while maintaining robust risk intelligence.

In this episode of This Week in AML, Elliot Berman is joined by Joe McNamara to unpack efforts across North America to combat fentanyl trafficking—including Treasury’s designation of Mexican financial institutions and Canada’s new FinTRAC intelligence unit, FATF’s latest update on virtual assets and VASPs, he OCC’s report on key risks in the federal banking system, FinCEN’s change on TIN collection under the CIP rule, and other issues affecting the financial crime prevention community.

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.