Shows
AML ConversationsAI Trends in Financial Crime Prevention with Abhishek MittalIn this episode of AML Conversations, host Elliot Berman sits down with Abhishek Mittal, Executive Vice President and Chief Product & AI Officer at AML RightSource, to explore how artificial intelligence is reshaping the financial crime prevention landscape. Abhishek makes a compelling case that domain experts are more valuable than ever — not despite AI, but because of it — as they become essential architects of the taxonomies, context, and judgment that make AI systems reliable and auditable.
The conversation covers how organizations can effectively blend domain knowledge with AI engineering, why guardrails must be built on a foundation of sound architecture rather than...
2026-05-2729 min
AML ConversationsBeneficial Ownership Battles, Crypto Regulation, and Global AML StandardsIn this week’s episode of This Week in AML, with Elliot traveling, Joe McNamara joins John Byrne to break down a busy week in global compliance news.
The big domestic story is the Corporate Transparency Act, where the House Financial Services Committee passed a bill to repeal the CTA for domestic entities - but only by a single vote. The hosts unpack what that means, where the legislation goes from here, and why a separate threat to withhold FinCEN's entire budget adds another layer of uncertainty to an already complicated picture.
North of the border, Canada's FINTRAC has rolled ou...
2026-04-2418 min
AML ConversationsAML in Gaming: Inside Casino Compliance, Cash Risk, and the Human FactorCasinos operate at the intersection of entertainment, cash, and compliance—making AML in gaming fundamentally different from banking. In this episode, John Byrne sits down with Paul Camacho, Vice President of Compliance at Yamava’ Resort & Casino and former IRS‑CI Special Agent in Charge, to unpack what AML professionals outside the gaming industry often misunderstand.
Paul shares insights from both the law‑enforcement and casino sides, including why most illicit funds enter casinos through spending, not laundering; how gambling addiction creates unique fraud and AML risks; and why observation and human intelligence matter as much as analytics. The conversation also explores...
2026-04-2031 min
AML ConversationsUnpacking the AML/CFT Program Rule: Key Changes and Industry ImplicationsAML RightSource's John Byrne sits down with Dan Stipano, partner at Davis Polk's Financial Institutions and Regulation Group and former Deputy Enforcement Director at the OCC, for an immediate reaction to FinCEN's newly proposed AML/CFT Program Rule. The conversation covers the genesis of the proposal and its key structural changes — including the bifurcation of program establishment and implementation, the formal incorporation of national AML priorities, and the clarification of the US-based compliance officer requirement. Most notably, the two dig into what may be the rule's most consequential provision: FinCEN's unprecedented new role as a gatekeeper over federal banking agency su...
2026-04-0926 min
AML ConversationsMonthly chat with Sarah Beth FelixIn this episode of AML Conversations, John Byrne sits down with Sarah Beth Felix—AML expert and author of Dirty Money Weekly—for a wide‑ranging discussion on the biggest AML, sanctions, and financial crime developments shaping the landscape in March 2026.
Drawing on insights from multiple industry conferences and recent regulatory activity, Sarah shares why banks of all sizes are becoming more creative in financial crime detection, why sanctions compliance is no longer just a name-matching exercise, and how AI can be leveraged thoughtfully to manage growing complexity. The conversation explores Treasury’s newly released national risk assessments, critical gaps in the U...
2026-04-0124 min
AML ConversationsThe Evolving Landscape of Communications within AMLIn this episode of AML Conversations, John Byrne discusses the evolving landscape of communication in the context of anti-money laundering (AML) and financial crime prevention with experts Justin Cole (First Pitch Communication) and Joe McNamara (AML RightSource). They explore the paradigm shift in how communication is integrated into investigations, the importance of legal considerations, the role of data verification, and the impact of investigative journalism. The conversation also delves into the ethical implications of using AI in communication and the future challenges facing the financial crime prevention space.
Link to Justin's Article: https://www.amlintelligence.com/2025/10/insight-why-the-media-has-become-the-front-line-for-fighting...
2025-12-1733 min
AML ConversationsWhat Cryptos Are Focusing On In 2026In this episode of AML Conversations, Joe McNamara speaks with David Lutz, Associate Director of the AML RightSource Financial Crime Advisory group about the evolving Crypto landscape, recent milestones in the space, and how recent legislation has opened the door to further legitimacy and regulation. The cryptocurrency industry is experiencing its fintech moment - trading the freedom of the Wild West for legitimacy in the regulated financial system. With the GENIUS Act establishing the first federal framework for stablecoins and new EU travel rule requirements taking effect in 2026, crypto exchanges must now meet higher AML standards that align with the...
2025-11-2519 min
AML ConversationsWhat It Takes To Be A Leader Behind Everest’s 2025 PEAK Matrix Leader RecognitionIn this episode of AML Conversations, Ferko Spits sits down with Dheeraj Maken, Practice Director at Everest Group, and Brad Breslin, Chief Delivery Officer at AML RightSource, to discuss the findings from Everest Group's 2025 Financial Crime Compliance Operating Services research. Dheeraj explains how the assessment criteria have evolved from emphasizing scale and cost arbitrage to focusing on operational ownership, and now in 2025, prioritizing regulatory agility and agentic AI capabilities that blend technology with human expertise.
Looking ahead, the conversation explores emerging trends including fraud and AML integration, the migration of transaction monitoring to first line operations, expanding opportunities in crypto...
2025-10-3124 min
AML ConversationsThe Intersection of AML and Human TraffickingShelby 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 ofte...
2025-08-1122 min
AML ConversationsFCA Guidelines, EU Blacklist, Syrian Antiquities, and a FinCEN AdvisoryFCA Guidelines, EU Blacklist, Syrian Antiquities, and a FinCEN Advisory by AML RightSource
2025-06-1318 min
AML ConversationsThe Continued Convergence of Fraud and AMLIn 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 criminal networks are transforming the landscape. Vesna draws on international comparisons—highlighting Australia's standout success in reducing fraud through real-time public-private partnerships—and shares actionable insights on integrating biometric controls, enhancing data...
2025-05-2126 min
AML ConversationsExploring Blockchain Hops and Risk in Crypto ComplianceIn 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 implications of blockchain immutability, the regulator’s perspective, and the necessary institutional readiness to engage in the digital assets space.
2025-05-1517 min
2025-03-1402 min
AML ConversationsAMLRS Guest Authorship Program: Diane DylisnkiElliot Berman, AML RightSource Marketing Advisor, sits down with Senior Analyst Diane Dylinski to discuss her experience writing a blog article which was later published on the firm’s website. Elliot and Diane guide the listeners through the guest authorship process from topic approval to content editing and final publication. Diane also shares her thoughts on earning AML University credits as well as the rewarding sense of accomplishment as an AMLRS published author.
2025-03-1405 min
AML ConversationsAI Podcast Project 2019 No MusicAI Podcast Project 2019 No Music by AML RightSource
2025-03-1445 min
AML ConversationsCannabis: What has changed; what hasn't; what can FIs do?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 how some FIs are interacting with this customer segment today.
2025-03-1448 min
AML ConversationsWe Are Our Heroes Ep. 1 - Coletun Long & Chad Squires: Advanced CAMS FCIIn this episode of We Are Our Heroes, Chelsea Robbins and Joe McNamara sit down with Coletun Long and Chad Squires, both of whom have successfully completed their advanced CAMS certification in Financial Crimes Investigation. During their discussion, Coletun and Chad walk through the decision and execution processes that lead them to pursuing and attaining their advanced certifications.
The crew also talks about opportunities in the industry, the culture at AML RightSource, and more!
2025-03-1449 min
AML ConversationsErik Vingelen - COVID-19 AML Resource ChallengesErik Vingelen - COVID-19 AML Resource Challenges by AML RightSource
2025-03-1416 min2025-03-1211 min
2025-03-1224 min
AML ConversationsThe Solutions Series: Exploring the Role of Adverse Media Monitoring in Risk ManagementIndustry 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 are leveraging technology in our Status and Surveillance platforms to enhance risk detection capabilities with always-on monitoring.
2024-08-2837 min
AML ConversationsDriving the Evolution of Financial Crime Compliance: The People and Tech Imperative ReportJoin Joe McNamara (AML RightSource), Elena Christopher (HFS Research), and John Byrne (AML RightSource), on a deep dive into the recent joint market impact report, “Driving the Evolution of Financial Crime Compliance: The People and Tech Imperative”. Joe, John, and Elena discuss some of the report’s interesting findings on the evolution of financial crime compliance, the driving force behind the survey, as well as a few practical insights found between the lines of the report. Discover how technology, when merged with expert human insights, is revolutionizing anti-money laundering efforts, particularly as we navigate the complexities of digital assets and expand...
2024-05-0931 min
AML ConversationsThe Solutions Series - Part 4: Leveraging AI For ComplianceConcluding our four-part series on Artificial Intelligence (AI), David McLaughlin, Founder of QuantaVerse and the current EVP of Technology Sales at AML RightSource, alongside our brilliant Principal Data Scientist, Leandro Loss, discuss how AI solutions are crafted and how their extraordinary capabilities are reshaping compliance; now, and in the future.
Tune in to find out more about how this powerful technology can be our ally in the battle against financial crime.
2023-12-1343 min
AML ConversationsBinance Consent OrderGlobal cryptocurrency exchange giant Binance, was hit with a consent order earlier this week. John and Elliot, joined by Joe McNamara (AML RightSource) discussed the recent consent order against Binance, highlighting two main themes: the collaboration among various law enforcement agencies and the focus on cryptocurrency compliance. They noted the importance of law enforcement working together and the need for crypto exchanges to adhere to traditional anti-money laundering (AML) obligations. The discussion also covered Binance's failures in reporting transactions linked to terrorism, ransomware, child sexual abuse materials, and darknet activities, and the team's reflections on the implications of this case...
2023-11-2413 minAML ConversationsThe Solutions Series - Recapping Kevin Lee's Speech At The European Anti-Financial Crime SummitKevin Lee, Director, Financial Crime Technology at AML RightSource, captivated the audience at the 2023 European Anti-Financial Crime Summit in Dublin. In this episode, we recap his speech on how technology can best be harnessed for financial crime.
2023-08-2210 min
AML ConversationsA Conversation with Don FortDon Fort, former Chief of IRS - Criminal Investigation Division, Director of Investigations at Kostelanetz LLP, and member of the Advisory Board at AML RightSource, discusses his recent testimony before the Senate Finance Committee about potential IRS funding cuts and their impact on federal law enforcement.
2023-05-2526 min
AML ConversationsFinCEN: Stay Alert for Sanction EvasionThis week FinCEN issued an alert directing US financial institutions to increase their vigilance in watching for efforts to evade Russian related sanctions. The alert identifies several possible evasion typologies that may be used. Elliot sits down with Tim White, Special Advisor at AML RightSource and global sanctions expert to talk about the alert. Elliot and Tim discuss some of the implications for evasion through the use of virtual currency, and the importance of monitoring changes in transaction flows and volumes, and transactions from new sources. They also note that the alert has value for the financial crime prevention community b...
2022-03-1108 minAML ConversationsMeet James Lin – AMLRS’s Chief Product & Technology OfficerJohn Byrne Chairman of the AML RightSource Advisory Board sits down with James Lin, the Company’s new Chief Product & Technology Officer. James discusses his vision for how technology and people working together can bring clients enhanced effectiveness in their financial crime compliance efforts. He also explores how bringing all AMLRS’s resources together to accelerate client success.
2022-03-0722 minAML ConversationsUkraine and the Global Sanctions ResponseAs a result of the Russian invasion of Ukraine, nations around the world have put sanctions in place against Russia, Russian companies, and Russian nationals. John sits down with Tim White, Special Advisor at AML RightSource and global sanctions expert to discuss the severity and near term impact of the sanctions announced in the last several days, what sanctions compliance teams should be looking at to comply with these programs, and what other actions may be coming in the near future.
2022-02-2511 minAML ConversationsFATF: Review of Standards on Virtual Assets and Providers (Archive Edition)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.
2021-12-2407 minAML ConversationsVesna McCreery: A Career Journey in Financial Crime ComplianceJohn Byrne, Executive Vice President and Vesna McCreery, Managing Director of the AML RightSource staff, sit down and chat about the progression of financial crime compliance over the past 20+ years. They discuss the journey from reputation risk, to transaction monitoring, to comprehensive client due diligence. John and Vesna examine the changes in regulatory focus and expectations and how the financial service industry’s response has evolved over time.
2021-08-1121 minAML ConversationsBill Maggio: Serial Entrepreneur; Advisory Board MemberIn 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.
2021-08-1121 minAML ConversationsFATF: Review of Standards on Virtual Assets and ProvidersThe 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.
2021-07-0907 minAML ConversationsNational Strategy For Combatting Domestic TerrorismThe 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.
2021-06-1807 minAML ConversationsCorruption - A Topic Of Global FocusThe 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.
2021-06-1107 minAML ConversationsTreasury Sanctions On Bulgarian CorruptionThis 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.
2021-06-0408 minAML ConversationsTax Fairness And Shell Companies - The EU Weighs InThe 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.
2021-05-2806 minAML ConversationsOCC's Semiannual Risk PerspectiveThe 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.
2021-05-2107 minAML ConversationsNational Intelligence Council - Global Trends 2040There 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.
2021-05-1408 minAML ConversationsThe Growing Connection Between Domestic And International TerrorismDomestic 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.
2021-05-0708 minAML ConversationsUK Issues Sanctions Under Anti - Corruption RegimeCorruption is a continuing global problem. This week, Executive Vice President John Byrne, and Creative Director Elliot Berman of the AML RightSource staff talk about the new UK Anti-Corruption Regime. John and Elliot explore the sanctions issued by the UK and the importance of a world-wide coordinated effort to combat corruption.
2021-04-3006 minAML ConversationsPaul Camacho - The Life And Legacy Of Elmer IreyIn this episode of AML Conversations, John Byrne, Executive Vice President at AML RightSource, sits down with Paul Camacho, for an in-depth discussion about the life and legacy of Elmer Irey, the first Chief of IRS Criminal Investigations. John and Paul chat about how Irey created the unit, which invented forensic accounting, and aggressively pursued tax evaders and corruption in the United States.
2021-04-3032 minAML ConversationsInfraGard – 25 Years Of PartnershipThis week, Executive Vice President John Byrne, and Creative Director Elliot Berman of the AML RightSource staff talk about InfraGard, a 25-year-old partnership between the FBI and the private sector to help identify cyber threats. John and Elliot explore the value of public-private partnerships and how InfraGard has expanded from cybercrime to include terrorism, intelligence, and other matters.
2021-04-1605 minAML ConversationsBusy, Busy, Busy...This week, Executive Vice President John Byrne, and Creative Director Elliot Berman of the AML RightSource staff talk about the recent change in FinCEN leadership, the FinCEN ANPRM on the beneficial ownership registry, newly issued sanctions on human traffickers in Pakistan, and an evolving public-private partnership in northern Virginia. It has been a busy week in the financial crimes compliance space, tune in to hear all about it.
2021-04-0906 minAML ConversationsNorth Korean Businessperson Extradited For Money LaunderingThis week, Executive Vice President John Byrne, and Creative Director Elliot Berman of the AML RightSource staff talk about the announcement by Department of Justice that it has completed the extradition of a national of the Democratic People’s Republic of Korea (DPRK). The indictment alleges that the individual and others conspired to covertly and fraudulently access the U.S. financial system and to have defrauded U.S. banks and violated both U.S. and U.N. sanctions as part of the money laundering activities in transactions valued at over $1.5M. John and Elliot discuss the importance of FIs remaining vi...
2021-04-0206 minAML ConversationsDo You Know How To Serve Complex Clients?This week, Executive Vice President John Byrne, and Creative Director Elliot Berman of the AML RightSource staff talk about the NCUA’s recent Cease and Desist Order to Live Life Federal Credit Union. John and Elliot discuss the complexities of providing services to marijuana-related businesses and dealing in virtual currency; and the lessons that all FIs can glean from the Order.
2021-03-2606 minAML ConversationsWhat Is Fair Access To Banking?This week, Executive Vice President John Byrne, and Creative Director Elliot Berman of the AML RightSource staff talk about the recently proposed Fair Access to Banking Act. John and Elliot discuss the mandates in the Act, the challenges it presents to risk-based compliance programs, and the types of entities that are not included in the coverage of the proposed legislation.
2021-03-2006 minAML ConversationsKevin Hall: Global Corruption - Investigating Financial Crime Around The WorldAML RightSource Executive Vice President, John Byrne sits down with Kevin Hall, Chief Economics Correspondent and Senior Investigative Reporter for McClatchy Newspapers to explore what makes for a good investigation, characteristics of global corruption, and some of Kevin's work over the years.
2021-03-1930 minAML ConversationsFinCEN Reminds FIs About Trade In Antiquities And ArtThis week, Executive Vice President John Byrne, and Creative Director Elliot Berman of the AML RightSource staff talk about the notice from FinCEN about its efforts around trade in antiquities and art. John and Elliot discuss the activities that FinCEN is undertaking in this area, some of the resources which are included in the notice, and FinCEN’s guidance about the elements of an effective SAR narrative about antiquities and art.
2021-03-1206 minAML ConversationsShould FinCEN's Standing In The National Security Apparatus Be Enhanced?This week, Executive Vice President John Byrne, and Creative Director Elliot Berman of the AML RightSource staff talk about the policy paper on improving FinCEN’s role in national security, issued by Global Financial Integrity. John and Elliot discuss the views expressed in the paper and some of GFI’s recommendations to enhance FinCEN to meet the growing national security threat posed by money laundering.
2021-03-0507 minAML ConversationsWill There Be A Domestic Terrorism Statute?This week, Executive Vice President John Byrne, and Creative Director Elliot Berman of the AML RightSource staff talk about hearings being held in the House of Representatives about various proposals to make domestic terrorism a federal crime. John and Elliot discuss the views expressed by several witnesses at the hearings and what the financial crimes compliance community can do now to help detect and report potential domestic terrorist activity.
2021-02-2606 minAML ConversationsWhy There Should Be A 1/6 CommissionThis week, Executive Vice President John Byrne, and Creative Director Elliot Berman of the AML RightSource staff talk about the likely creation of a Congressional Commission to investigate the actions of January 6th. John and Elliot discuss what information useful to the financial crimes compliance community may come from such a commission’s activities and why a clear understanding of the roots and long range impacts of the events will be valuable to the community and the nation.
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2021-02-1907 minAML ConversationsSome Things To Watch In The Anti - Money Laundering ActThis week, Executive Vice President John Byrne, and Creative Director Elliot Berman of the AML RightSource staff talk about some provisions of the Anti-Money Laundering Act of 2020. John and Elliot discuss a recent posting by the International Consortium of Investigative Journalists which identifies some of the possible shortcomings in the Act and how these provisions may be come to be during the legislative process.
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2021-02-1207 minAML ConversationsDennis Lormel - Domestic Terrorism In Our Nation's CapitalThe terrorist attacks by US citizens against Congress and the Capitol on January 6th were the most horrific attacks on US soil since 9/11. We sat down with counter terrorism expert Dennis Lormel and discussed the financial aspects that enabled these attacks and what can be done going forward. There are parallels that Dennis and AML RightSource EVP John Byrne outline and cover in this special episode.
2021-02-1027 minAML ConversationsFraud – This Time It’s HealthcareThis week, Executive Vice President John Byrne, and Creative Director Elliot Berman of the AML RightSource staff talk about FinCEN Advisory FIN 2021-A001 which focuses on health insurance and healthcare fraud. John and Elliot discuss the red flags in the Advisory and actions FIs can take to identify this activity and messages they can share with their customers to help them recognize these schemes.
2021-02-0507 minAML ConversationsPublic Corruption's Impact on DemocracyThis week, Executive Vice President John Byrne, and Creative Director Elliot Berman of the AML RightSource staff talk about the release by Transparency International of its Corruption Perceptions Index for 2020. John and Elliot discuss the findings and recommendations in the CPI report, including the impact of pandemic related corruption on economic and democratic institutions.
2021-01-2906 minAML ConversationsA Lot Happened This Week In AMLThis week, Executive Vice President John Byrne, and Creative Director Elliot Berman of the AML RightSource staff talk about the introduction of the Domestic Terrorism Prevention Act, the comments by Janet Yellen about the risks of crypto or virtual currencies, and the issuance by FinCEN of frequently asked question about SAR filing. They discuss how the DTPA is a direct response to the incursion at the Capitol and how Yellen’s comments are aligned with those by financial regulators in other countries.
2021-01-2206 minAML ConversationsLet's Keep Working To Stop Human TraffickingThis week, Executive Vice President John Byrne, and Creative Director Elliot Berman of the AML RightSource staff talk about January being National Slavery and Human Trafficking Prevention Month. They explore how the AML community is working to identify human trafficking and provide law enforcement with actionable information to support efforts, along with many other organizations, to interdict and end human trafficking.
2021-01-1506 minAML ConversationsDomestic Terrorism In Our Nation's Capitol AudioThis week, Executive Vice President John Byrne, and Creative Director Elliot Berman of the AML RightSource staff discuss the unprecedented actions at the Capitol Building in Washington DC. They explore the challenges presented by domestic terrorism, how financial services companies can work to identify possible planning activities by domestic terrorists, and what actions Congress may take to codify domestic terrorism in the Federal criminal law.
2021-01-0806 minAML ConversationsOCC Proposal Mandating Banking ServicesThis week, Executive Vice President John Byrne, and Creative Director Elliot Berman of the AML RightSource staff discuss the letter from 22 Democratic members of the House Financial Services Committee to the Comptroller of Currency, urging the OCC to withdraw its notice of proposed rulemaking which would require national banks to provide services to firearms manufacturers and fossil fuel companies. During the conversation they look at the basis of the proposed rule and the concerns raise by the committee members in their letter.
2021-01-0106 minAML ConversationsThe Anti - Terrorism ActThis week, Executive Vice President John Byrne, and Creative Director Elliot Berman of the AML RightSource staff discuss several cases recently filed under the Anti-Terrorism Act arising from alleged terrorist acts in the Middle East where the supportive funding was funneled through several charitable organizations. During the conversation they consider the impact the suits could have on the access legitimate charities have to financial services.
2020-12-1806 minAML ConversationsAML Reform What Has Congress Agreed To?This week, Executive Vice President John Byrne, and Creative Director Elliot Berman of the AML RightSource staff discuss the Congressional Conference Report of the National Defense Authorization Act. The Act contains the Anti-Money Laundering Act of 2020, the first major reform to the AML infrastructure since adoption of the USA PATRIOT Act. During the conversation they identify some of the interesting items contained in the final language.
2020-12-1105 minAML ConversationsWhat We Can Learn From Regulatory OrdersThis week, Executive Vice President John Byrne, and Creative Director Elliot Berman of the AML RightSource staff discuss a recent consent order between a community bank and the FDIC. During the conversation, they look at the value for all institutions of reviewing regulatory orders to understand the current thinking of the regulators and how to review your BSA program to ensure that it meets expectations.
2020-12-0405 minAML ConversationsContinued Progress On BSA ReformThis week, Executive Vice President John Byrne, and Creative Director Elliot Berman of the AML RightSource staff discuss the latest on a bi-partisan effort in Congress to adopt the first major reform to the AML infrastructure since adoption of the USA PATRIOT Act.
2020-11-2705 minAML ConversationsOECD Phase 4 Report On US Anti - Corruption EffortsThis week, Executive Vice President John Byrne, and Creative Director Elliot Berman of the AML RightSource staff talk about the report issued by the Organization for Co-operation and Economic Development (OECD) on the efforts by the United States to combat bribery of foreign elected officials in international business transactions. During the conversation John and Elliot discuss the recommendations in the report and the importance of US actions in this critical area.
2020-11-2005 minAML ConversationsNational Security Implications Of A Delayed TransitionThis week, Executive Vice President John Byrne, and Creative Director Elliot Berman of the AML RightSource staff discuss the national security risks of delays in the presidential transition process. Their conversation looks at the risks that moments of disruption present to our country from foreign and domestic bad actors.
2020-11-1905 minAML ConversationsWhen Sanctions And Election Influencing MeetThis week, Executive Vice President John Byrne, and Creative Director Elliot Berman of the AML RightSource staff talk about the announcement from the Department of Justice of the seizure of 27 domain names being used by the Iranian Revolutionary Guard Corps – a designated terrorist organization. The websites were being used to manipulate public opinion in many countries including the United States.
2020-11-1905 minAML ConversationsWhat Guidance May Mean In The FutureThis week, Executive Vice President John Byrne, and Creative Director Elliot Berman of the AML RightSource staff talk about the recent action by the Board of Directors of the FDIC to authorize publishing a proposed rule to clarify that supervisory guidance is not regulation. John and Elliot discuss the value of such a rulemaking and the need for all of the agencies which were part of the original statement in 2018 to take similar action.
2020-11-1905 minAML ConversationsThe Latest From The FATF October PlenaryThis week, Executive Vice President John Byrne, and Creative Director Elliot Berman of the AML RightSource staff talk about the recent Plenary held by the Financial Action Task Force (FATF). John and Elliot discuss how FATF is moving its work forward during the pandemic and the progress being made on the organization's strategic initiatives.
2020-11-1906 minAML ConversationsFinCEN Advisory On Human TraffickingThis week, Executive Vice President John Byrne, and Creative Director Elliot Berman of the AML RightSource staff to talk about the new Supplemental Advisory that FinCEN issued on identifying and reporting human trafficking. John and Elliot discuss who in FIs should be aware of the new guidance and some of the key points made in the issuance.
2020-11-1905 minAML ConversationsFlows Of Illegal Funds Magnify InequalityThis week, Executive Vice President John Byrne, and Creative Director Elliot Berman of the AML RightSource staff discuss a blog post on the website of Transparency International about the rise of corruption during the pandemic and its impact on inequality. John and Elliot examine the premise of the post that flows of illicit funds increase inequality in economies and societies.
2020-11-1905 minAML ConversationsResponding To Written Agreements With The Federal Reserve BanksThis week, Executive Vice President John Byrne, and Creative Director Elliot Berman of the AML RightSource staff discuss a written agreement entered into between the Federal Reserve Bank of Philadelphia and a bankers’ bank, as well as the requirements set out for the bank to repair the deficiencies in its BSA compliance program.
2020-11-1906 minAML ConversationsThe FinCEN FilesThis week, Vice Chairman John Byrne, and Creative Director Elliot Berman of the AML RightSource staff the publication of information from leaked suspicious activity reports (SARs) and the implications for BSA reform and the impact on FI compliance programs.
2020-11-1905 minAML ConversationsWill Regulations Change? FinCEN Asks for InputThis week, Vice Chairman John Byrne, and Creative Director Elliot Berman of the AML RightSource staff discuss FinCEN’s Advanced Notice of Proposed Rulemaking in which it asks for comment on a number of ideas for possible changes to current BSA regulations.
2020-11-1906 minAML ConversationsOur Compliance Journey Since 9 - 11This week, Vice Chairman John Byrne, and Creative Director Elliot Berman of the AML RightSource staff discuss the anniversary of the attacks on 9/11 and how those events have shaped financial crimes compliance for almost two decades.
2020-11-1905 minAML ConversationsThe Confidentiality Of SARsThis week, Vice Chairman John Byrne, and Creative Director Elliot Berman of the AML RightSource staff discuss the recent press release published by FinCEN regarding the confidentiality of SARs, as well as the heavy criminal penalties around the inappropriate release of them. John discusses previous issues, and regulatory changes that helped bolster the security around the access to SARs, as well as the timing around the press release and the potential catalyst behind the release itself.
2020-11-1905 minAML ConversationsAre There Any PEPs At HomeThis week, Vice Chairman John Byrne, and Creative Director Elliot Berman of the AML RightSource staff discuss recent guidance by financial institution regulators about politically exposed persons – PEPs - and a call by Transparency International EU for increased vigilance on money laundering enforcement by EU regulators.
2020-11-1905 minAML ConversationsShell Companies And Misused Non - Profits What's Old Is NewThis week, Vice Chairman John Byrne, and Creative Director Elliot Berman of the AML RightSource staff discuss the arrest of Steve Bannon and three others on various charges including money laundering, relating to a GoFundMe campaign to support building the border wall on the Mexican border. John and Elliot also discuss elements of the Democratic Party Platform on topics of interest to the financial crimes compliance community.
2020-11-1905 minAML ConversationsGlobal Disruption Of Three Terror Finance Cyber - Enabled CampaignsThis week, Vice Chairman John Byrne, and Creative Director Elliot Berman of the AML RightSource staff discuss the announced seizure by the Justice Department, the IRS and other federal agencies of cryptocurrency accounts from several terrorist organizations. The seizures related to terrorist financing campaigns by the Al-Qassam Brigades, Al-Qaeda and ISIS.
2020-11-1905 minAML ConversationsThe Largest Unregulated Business In The USThis week, Vice Chairman John Byrne, and Creative Director Elliot Berman of the AML RightSource staff discuss the recent report by the Senate Permanent Subcommittee on Investigations on The Art Industry and US Policies the Undermine Sanctions. The report discusses the largest unregulated – from a BSA perspective – in the US and how it is being used to launder illegal funds and evade sanctions.
2020-11-1905 minAML ConversationsThe Implications of Ransomware Attacks By Sanctioned EntitiesThis week, Creative Director Elliot Berman and Special Advisor Tim White of the AML RightSource staff discuss the recent ransomware attack against Garmin and the implications of the attack which was perpetrated by a sanctioned entity.
2020-11-1905 minAML ConversationsBSA/AML Reform Takes Another Step ForwardThis week, Vice Chairman John Byrne, and Creative Director Elliot Berman of the AML RightSource staff discuss the latest actions in Congress to pass sweeping reform to the AML infrastructure.
2020-11-1905 minAML ConversationsWe Can't Travel To Europe But We Can Still Pay AttentionThis week, Vice Chairman John Byrne, and Creative Director Elliot Berman of the AML RightSource staff discuss two actions from the EU. The decision by European High Court to restrict storage of personal information of EU citizens on servers in the United States and the recommendation by the European Commission that Member States do not grant financial support to companies with links to countries on the EU's list of non-cooperative tax jurisdictions. Both of these actions will impact the financial crime compliance community in the US.
2020-11-1905 minAML ConversationsGathering Information To Close LoopholesThis week, Vice Chairman John Byrne, and Creative Director Elliot Berman of the AML RightSource staff discuss the US Supreme Court decision in Trump v. Mazars regarding subpoenas issued by several congressional committees, including House Financial Services, to the president for certain personal financial records and the purpose for the subpoenas.
2020-11-1906 minAML ConversationsAML Reform May Be Coming Our WayThis week, Vice Chairman John Byrne, and Creative Director Elliot Berman of the AML RightSource staff discuss a bi-partisan effort in the US Senate to adopt sweeping reform to the AML infrastructure.
2020-11-1905 minAML ConversationsThe Internationalization Of Domestic TerrorismThis week, Vice Chairman John Byrne, and Creative Director Elliot Berman of the AML RightSource staff discuss a recent press release from the Department of Justice about the indictment of a US Army private for conspiring to have his Army unit attacked by foreign terrorists. Link to Press Release https://www.justice.gov/opa/pr/us-army-soldier-charged-terrorism-offenses-planning-deadly-ambush-service-members-his-unit
2020-11-1905 minAML ConversationsResumption Of Bank ExaminationsThis week, Vice Chairman John Byrne, and Creative Director Elliot Berman of the AML RightSource staff discuss recent press releases from the Comptroller of the Currency and Federal Reserve about their approaches to the full resumption of bank examinations.
2020-11-1905 minAML ConversationsContinued IRS Identification Of COVID - 19 FraudsIn this episode of This Week in AML, Vice Chairman John Byrne, and Creative Director Elliot Berman of the AML RightSource staff discuss a recent press release from the IRS about the need for people to remain vigilant in protecting themselves against the many scams being triggered by the pandemic environment.
2020-11-1905 minAML ConversationsA Recent Letter From The Acting Comptroller Of The CurrencyThis week, Vice Chairman John Byrne, and Creative Director Elliot Berman of the AML RightSource staff discuss a recent letter from the Acting Comptroller of the Currency to the president and the executive director of the National Conference of Mayors, about the impact of the COVID-19 pandemic on National Banks. The letter seeks to make the mayors “aware of a certain set of risks to the nation’s banking system created by continued state and local lockdown orders".
2020-11-1905 minAML ConversationsRenewing The Current Suspicious Activity Report (SAR) FormThis week, Vice Chairman John Byrne, and Creative Director Elliot Berman of the AML RightSource staff discuss a recent FinCEN release about renewing the current suspicious activity report (SAR) form. The notice focuses on proposed changes on how to assess the burden of preparing a SAR and provides participants in the financial crimes compliance community an opportunity to provide public comments on their view of the burden.
2020-11-1905 minAML ConversationsLaw Enforcement Cases & The Significant Impact Of BSA FilingsIn this week's episode, Creative Director Elliot Berman and Vice Chairman John Byrne of the AML RightSource staff discuss a recent FinCEN release about law enforcement cases that were significantly impacted by BSA filings. Among the seven published cases in the release, Elliot and John discuss how the information flowing from the FIs and among law enforcement agencies supports interdiction of money laundering activity.
2020-11-1905 minAML ConversationsSanctioning Global White Supremacist GroupsThis week, Vice Chairman John Byrne, and Vice President, Director of Sanctions, Tim White of the AML RightSource staff discuss a recent Op Ed article in the Washington Post on the proposed use of sanctions against global white supremacist groups. They both present the quick overview of the concept, the tactical response proposed by the United States Secretary of the Treasury, Stephen Mnuchin, and how Financial Crimes Compliance professionals can monitor and combat similar examples of hate speech and terrorism.
2020-11-1904 minAML Conversations9/11 - Its Impact On Financial Crimes Compliance And On All Of UsIn this edition of AML Conversations, AML RightSource Vice Chairman John Byrne sits down with terrorist financing career expert Dennis Lormel to discuss the impact of the events of 9/11 on financial crimes compliance and on everyday life around the world.
2020-09-1125 minAML ConversationsChuck Taylor and Tim White - The Maintenance Of AML Monitoring SystemsChuck Taylor and Tim White - The Maintenance Of AML Monitoring Systems by AML RightSource
2020-09-0134 minAML ConversationsBill Murray: Cybersecurity - What May the Future Hold?In this episode of AML Conversations, Elliot Berman sits down with Bill Murray, head of IT and Risk Management at AML RightSource to discuss the importance of the human factors in cybersecurity today, and what threats we may face tomorrow.
2020-07-3022 minAML ConversationsTara Sullivan: Financial crime prevention and oversight in the gaming industry; a view from the IRSIn this episode of AML Conversations, AML RightSource Vice Chairman John Byrne sits down with Tara Sullivan, Special Agent in Charge (SAC) for the IRS in Las Vegas. John and Tara discuss financial crime prevention and oversight in the gaming industry from the vantage point of the IRS. Tara offers insight into AML/Financial Crime gaming community and the importance of private-public partnership in 2020.
2020-07-2919 minAML ConversationsDennis Lormel COVID - 19 Stimulus Fraud SchemesDennis Lormel COVID - 19 Stimulus Fraud Schemes by AML RightSource
2020-03-2714 minAML ConversationsIranian Sanctions - Tim WhiteThe US Government has used economic sanctions for over 200 years to exert pressure on foreign countries and others to implement its foreign policies. In recent times, the US has used sanctions against numerous foreign governments, including Iran, North Korea and Venezuela.
The sanctions programs relating to Iran have a particularly complex and tortured past. In this edition of AML Conversations, Elliot Berman and Tim White of AML RightSource, discuss the history of these programs from their inception in 1979 to their current state.
2020-02-1118 minAML ConversationsAndy Price - The World Council of Credit UnionsIn this edition of AML Conversations, John Byrne, Vice Chairman at AML RightSource sits down with Andy Price of World Council of Credit Unions on AML challenges for credit unions worldwide particularly as it applies to financial inclusion.
The Council, among other things, supports financial markets in growing economies, along with global partners, such as USAID, the UN, and the World Bank by promoting financial inclusion, strengthening institutions as well as providing policy and regulatory support.
2020-01-1524 minAML ConversationsSteve Cohen - AI and the Effectiveness of Transaction MonitoringIn this edition of AML Conversations, Elliot Berman, Marketing Advisor at AML RightSource sits down with Steven Cohen, Executive Vice President, Chief Operating Officer and Co-Founder of Basis Technology. The company is engineering a safer & more productive world by building proven Artificial Intelligence solutions for analyzing text, connecting data silos, and discovering digital evidence. The conversation focuses on how various elements of AI are influencing the effectiveness of transaction monitoring in the financial services space and what AML compliance professionals need to know about AI as it plays and increasing role in our interdiction activities.
2019-12-1945 min