The Suspicious Activity Report that is Not Suspicious – Marijuana Limited

By Chuck Taylor | May 17, 2022
As a former Bank Secrecy Act (BSA) Officer I understand that BSA requirements are intended to ensure the integrity of the banking system and detect and deter money laundering. My experience has also shown me that the most important output of a BSA program is its suspicious activity reports (SAR). A well prepared SAR will provide actionable intelligence for law enforcement to use in starting or bolstering investigations and prosecutions.

The Risks and Rewards of Cryptocurrencies

By Chuck Taylor | December 27, 2021
Midyear, Janet Yellen the current administration’s Treasury Secretary weighed in on Virtual Currency (Crypto) “To the extent it is used, I fear it’s often for illicit finance. It’s an extremely inefficient way of conducting transactions, and the amount of energy that’s consumed in processing those transactions is staggering.” She has also called Bitcoin a “highly speculative asset.”[1] Crypto advocates while likely agreeing with these sentiments on some level will protest that these views are too narrow and short sighted. 

Not all high risk customers are created equal

By Chuck Taylor | May 24, 2019
While planning for a panel on Enhanced Due Diligence (EDD) for high risk clients, I was provided with pre-conference questions submitted by attendees.  One of them started with “All MSBs are high risk…”, and another with, “Since all non-profits are high risk…”.  My immediate reaction to both was to wince for a number of reasons, including that it is simply not true and can have the dramatic effect of preventing financial access to those entities and cause unnecessary economic harm.

Why I Joined AML RightSource

By Chuck Taylor | January 28, 2019
As an AML professional with any sort of tenure, contact from recruiters becomes common place.  It’s a nice problem to have but one that most of us try to kindly deflect.  When I was contacted by a recruiter representing AML RightSource I was curious as it was not the normal type of firm that seeks me out.  As a client I knew that AML RightSource was great at what they do, but their business model didn’t seem to fit my skill set.  I met the recruiter and she told me she was filling a vacancy for Head of the Financial Crimes Advisory Practice.  My initial reaction was to laugh as I thought she had the wrong person.  I’m a practitioner not a consultant and the idea seemed overwhelming and completely out of my comfort zone.
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AML Conversations

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Jenni Halleran,  the Head of Financial Crimes Investigations at Silicon Valley Bank, discusses her career path, growing up in a blue collar town, and...

Mark Freedman, CEO / Founder of Rebel Global Security and former Chief of Section in the Counter-Terrorism Bureau at the US State Department...

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John Byrne chats with John M. Geiringer, of Barack Ferrazzano Financial Institutions Group, about the new book he edited and co-authored, Countering...

Dennis Lormel, President of the Society of Former Agents of the FBI, discusses the ramifications of the public attacks on the FBI by elected...

There have been outrageous comments made by “policymakers” about the IRS since the passage of the Inflation Reduction Act. AMLRS Chairman of the...

Press

CLEVELAND (October 26, 2022) – AML RightSource (“AMLRS”), the leading provider of Anti-Money Laundering (“AML”), Know Your Customer (“KYC”), and Bank...

AML RightSource, the leading provider of Anti-Money Laundering (“AML”), Know Your Customer (“KYC”), and Bank Secrecy Act (“BSA”) compliance...

AML RightSource’s ongoing expansion into the technology arena continues to go from strength-to-strength as they welcome Stern International Bank to...

Please see a statement below from AML RightSource’s CEO and Buffalo local resident Frank Ewing about this weekend’s tragic events (Saturday May 14,...

CLEVELAND – April 13, 2022 — AML RightSource, the leading provider of Anti-Money Laundering (“AML”), Know Your Customer (“KYC”), and Bank Secrecy Act...

AML RightSource, the leading firm focused on fighting financial crime for clients and the world, welcomes Alexandra Lugo as the company’s general...

Initiative to Create 363 Jobs in Buffalo CLEVELAND –- March 21, 2022 — New York Governor Kathy Hochul announced that AML RightSource, the leading...

AML RightSource, the leading firm focused on fighting financial crime for clients and the world, is pleased to announce that Mark Horwood-James has...