March Employee Spotlight: Mici Chase
We are very excited to highlight a staff member each month from our team of superb employees. AML RightSource March Employee Spotlight: meet Mici Chase from our Financial Crimes Advisory practice! Mici joined AML RightSource in March 2015 and operates out of our Cleveland office. She has worked on a wide variety of projects and is very knowledgeable on BSA/AML regulations and best practices.
John Byrne’s Statement to the House Financial Institutions and Consumer Credit Subcommittee
Download John J. Byrne's Statement Examining De-risking and its Effect on Access to Financial Services
AML Conversations Episode 2: John Byrne on Community Banking and Fintech
Welcome to the second episode of our new podcast series, AML Conversations. AML Conversations is dedicated to inform professionals and those interested in anti-money laundering about conversations happening in the government, private sector, and internationally. We will be posting interviews, live programming, and panel discussions related to the industry throughout the series to keep our listeners well-informed.
February Employee Spotlight: John Wintrow
AML RightSource February Employee Spotlight: Meet John Wintrow from our Financial Crimes Advisory practice! John, commonly regarded as JW by the Financial Crimes Advisory team, joined AML RightSource in 2016 and works in our Phoenix office.
'AML Conversations' Podcast - First Episode
Welcome to the first episode of our new podcast series, AML Conversations. AML Conversations is dedicated to inform professionals and those interested in anti-money laundering about conversations happening in the government, private sector, and internationally. We will be posting interviews, live programming, and panel discussions related to the industry throughout the series to keep our listeners well-informed.
January Employee Spotlight: Sabeen Baakza
AML RightSource January Employee Spotlight: Meet Sabeen Baakza, J.D., Senior Associate from our Financial Crimes Advisory practice! Sabeen joined AML RightSource in 2016 and works in our Phoenix office.
China’s Illicit Financial Flows
The International Monetary Fund (“IMF”) indicated that Illicit Financial Flows (“IFFs”) surging from developing economies globally reached a staggering $3.5 trillion USD in 2014. Every year, approximately $1 trillion USD in IFFs leave the developing world to find refuge in developed countries, money laundering and tax havens, or countries with loose anti-money laundering (“AML”) and counter-terrorist financing (“CFT”) laws and regulations. Where is the majority of IFFs originating from, and where specifically are these illicit funds headed? You may not be that surprised to discover that many are headed to the US! Perhaps what’s even more astounding is that China is spearheading the undertaking, with total incoming and outgoing IFFs amounting to approximately $1.1 trillion USD in 2014 and approximately $6.9 trillion USD between 2005 and 2014, comparative to the volume of China’s overall trade during that time.
