How to plan for a new AML Transaction Monitoring System
Financial institutions need to follow AML/BSA requirements so they can have confidence in their compliance process and ease the pressure from regulators. Part of this process is transaction monitoring to identify any risk of money laundering, or other financial crime. If a suspect transaction is found, a thorough suspicious activity report must be passed along to regulators and law enforcement.
How to create a risk-based AML strategy
A risk-based approach was identified by the FATF as an effective and proactive stance of tackling anti-money laundering compliance. They reported a risk-based approach means that “countries, competent authorities, and banks identify, assess, and understand the money laundering and terrorist financing risk to which they are exposed, and take the appropriate mitigation measures in accordance with the level of risk.”
Evolution in Money Laundering Methods Through Cryptocurrencies
What is cryptocurrency?
AML Voices: Should the Real Estate and Private Equity Sectors be Covered by the BSA?
Many organizations, including FATF and FinCEN have discussed the value of requiring the real estate sector to have some AML responsibilities. This idea has also been floated for investment advisors and the private equity sector. Our panel of experts discuss how these ideas may come to pass, why they make sense, and what those responsibilities may look like.
AML Voices: KYC – Anatomy of a Site Visit
Our panel of experts discuss the elements of an effective site visit. They look at how to prepare for the visit and what to do and look for when you get there.
A Discussion with Jenni Halleran
Jenni Halleran, the Head of Financial Crimes Investigations at Silicon Valley Bank, discusses her career path, growing up in a blue collar town, and deciding to go to law school originally to be a prosecutor. She covers how she then found the AML community and shares recommendations for being successful and how to manage to help others be successful. AML Conversations · A Discussion with Jenni Halleran
AML Voices: How Should Gatekeeper Activities be Covered by the BSA?
The ENABLERS Act is making its way through the US Congress. Our panel of experts discuss what activities are covered in the current bill, the implications of the bill for individuals and organization engaged in gatekeeper activities, and how the Act could increase transparency and reduce corruption.
AML Conversations: Chief Security Officers need to be more proactive on issues of national security
Mark Freedman, CEO / Founder of Rebel Global Security and former Chief of Section in the Counter-Terrorism Bureau at the US State Department discusses the need for Chief Security Officers to be more proactive on issues of national security including cyber, terrorism, and other issues related to financial crime.
