9/11 Created the AML Community We Know Today

By John Byrne | September 6, 2021
The End of the Innocence[1]

When is a Priority an Actual Priority?

By John Byrne | July 6, 2021
Where Do We Go from Here?[i] Building on the various themes and issues addressed the AML Act of 2020, the Treasury Department has now published the mandated AML/CFT priorities included the Bank Secrecy Act (BSA) as amended by the new law. While the AML community has long looked to law enforcement, the federal banking agencies and related government entities for advice and counsel on the key financial crime challenges, there has been no central repository for the community to access. That changes with this announcement, which FinCEN stated will be updated every four years, as required by the law.

Get Together: Partnering and Collaboration is a Model for Anti-HT Success*

By John Byrne | June 1, 2021
We in the financial crime prevention community are still assessing how the new Administration will address white collar crime and accompanying regulatory oversight. With the recent announcements about a new focus on tax evasion and enhanced reporting requirements for newer payment products such as virtual currency, it is clear that various forms of compliance and training will be essential and need to be enhanced. Added to these challenges is the wide policy support for private-public partnership and information sharing embedded in the recently enacted Anti-Money Laundering Act of 2020. This leads me to the proposition that no matter what or how much we address at the same time, let’s pause and recognize the ongoing examples of how the financial sector continues to be proactive and encourage those efforts so that their resources continue to be available to combat crimes such as human trafficking.

AML Reform 2021: Now the Real Work Begins

By John Byrne | February 16, 2021
“Something Good This Way Comes”[1] As the new Congress and the Biden Administration continue to grapple with COVID relief, economic uncertainty, national security and all the proverbial “curveballs” facing society; there also remains oversight and implementation of a wide array of provisions from the Anti-Money Laundering Act of 2020. Our AML community knows that this legislation is clearly the broadest, and potentially the most dramatic change to the infrastructure for money laundering, sanctions and financial crime prevention in the United States since the 2001 USA PATRIOT Act. This new law has encourage the creations of a series of studies, strategies, and groups that will demand our continued diligence and participation as relevant stakeholders in every issue and project emanating from this process. There can be an entire chapter on the soon-to-be (after regulations) beneficial ownership reporting requirements and the FinCEN registry, but there are other important areas on which to also focus. Not all parts of the new law will be finalized or even begun in 2021, but here are some of the key sections to watch and weigh in on:

The AML Community List - 2021: What will be Out and In for the Upcoming Year?

By John Byrne | January 7, 2021
I have always enjoyed The Washington Post’s (and I am sure various other publications) list for the next year. The uniqueness is, of course, they eliminate a popular or hot issue with a new one for the next calendar year. To say 2020 was different would be a vast understatement. What was clearly the most chaotic and challenging time for the entire world will, in most cases, sadly stay with us for a long time to come. The following are my (and mine alone) predictions for 2021, which is extremely foolish given what we just went through (and are still dealing with), but limited to AML related issues and themes. As David Letterman would have said, this is only an exhibition, not a competition -- so please, no wagering…

2020—AML Year End Review and What will 2021 Bring?

By John Byrne | January 1, 2021
Ball of Confusion[i] Having been in what we call the AML community for close to 35 years, it was always clear to me that a “year-in-review” is both arbitrary and doesn’t really give you a cohesive sense of themes. However, everyone does it so here goes:

Assisting NPO’s and Their Need for Financial Access

By John Byrne | November 23, 2020
Finally, “Work to Do”[i] Having spent a good deal of my career dealing with legislation, regulations, guidance and assorted policy statements, it never ceases to amaze me how long some things take from start to finish. Of course, I have seen money laundering related legislation virtually every two years from 1986-96 and the three weeks it took to pass the USA PATRIOT Act in 2001, but other issues are not done so swiftly.

The FinCEN Request on How to Improve AML

By John Byrne | October 15, 2020
Reason to Believe?[I]

How to Interpret the New Joint Statement on Enforcement of BSA/AML Requirements

By John Byrne | August 24, 2020
You Better Think Twice[i]

AML Conversations

John sits down with investigative reporter Kevin Hall who discusses a number of themes from the recently released Pandora Papers. Hall, as a lead...

In this episode of AML Conversations, John Byrne and David McLaughlin discuss David’s journey in creating QuantaVerse and the problems he set out to...

In this episode of AML Conversations, John Byrne, Debra LaPrevotte, and Dr. Louise Shelley discuss environmentalcrime and the need for a more...

This conversation with two of the authors of a recent article for the Federal Reserve Bank of Atlanta that examines claims of the connection between...

In this installment of AML Conversations, John Byrne speaks with Markus Schulz, Deputy Global Head FCC & Global Head Change Management at IMG, about...

In this installment of AML Conversations, John Byrne sits down with Bill Maggio. In a wide-ranging conversation, Bill, a member of the AML...

John Byrne, Executive Vice President and Vesna McCreery, Managing Director of the AML RightSource staff, sit down and chat about the progression of...

Adverse Media Screening is a powerful tool for KYC and EDD. During this installment of AML Conversations, John Byrne discusses how AMS can be a key...

This session covers the recently released report by Polaris and The Avery Center on how two financial institutions, working with a human trafficking...

Join Elliot Berman, Creative Director at AML RightSource, Christopher Ferguson, Partner at Kostelanetz & Fink, LLP, and John Byrne, Executive Vice...

Press

AML RightSource (“AMLRS”), the leading firm focused on fighting financial crime for clients and the world, is pleased to announce that Jessie Osborne...

AML RightSource is pleased to announce that Janice Mensah has joined the company as Senior Vice President and Head of AML RightSource Canada. In this...

AML RightSource is pleased to announce that Marilu Jiménez has joined the company as a Senior Advisor.

AML RightSource is pleased to announce that Judith Barendse has joined the company as Senior Vice President and Head of AML RightSource USA. In this...

  CLEVELAND, August 17, 2021 – AML RightSource (“AMLRS”), the leading outsourced provider of Anti-Money Laundering (“AML”), Know Your Customer...

Mr. Frantz serves as a Director of Financial Crimes Advisory at AML RightSource. He has extensive experience in global BSA/AML, including suspicious...

CLEVELAND, OH, July 07, 2021 - AML RightSource (“AMLRS”), the leading firm focused on fighting financial crime for our clients and the world, is...

AML RightSource is pleased to announce that Vesna McCreery has joined the company as Managing Director, Head of EMEA Advisory.

AML RightSource is pleased to announce that William (Bill) Maggio has joined the company's Advisory Board. In this role, Mr. Maggio will provide...

AML RightSource is pleased to announce that Michael Jacoby has joined the company as a Director. In this role, Mr. Jacoby will report to Gerry Klein,...