The AML Community and Domestic Terrorism
The 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.
Terry Pesce Joins AML RightSource Advisory Board
AML RightSource is pleased to announce the appointment of Teresa A. (Terry) Pesce to the company’s Advisory Board. Ms. Pesce is President and CEO of Terry Pesce & Co LLC, an independent consultancy serving the financial services industry focusing on providing advisory services to boards and senior management, designing and implementing financial crimes programs, performing independent monitorships, providing expert witnesses services and assisting with responding to regulatory criticism and enforcement activity. Ms. Pesce will also be acting as a Senior Advisor to AML RightSource; in this role she will be available to assist AML RightSource clients with regulatory and other matters.
How Financial Crimes Advisory Can Help You eBook
Your trusted source for financial crimes programs In a complex and constantly changing environment of financial crimes compliance, even the largest financial service companies do not have the in-house expertise in all needed functions. When you need new perspectives or insights, you want to turn to a trusted provider.
Optimizing Efficiency in Correspondent Banking Investigations
Correspondent banking investigations are challenging, because Know Your Customer (KYC) information may not be available for all parties involved in the transactions. An experienced analyst can efficiently separate expected activity from potentially suspicious activity, ensuring time and resources are responsibly allocated. This post defines correspondent banking, summarizes major risk factors, and provides tools for identifying entities lacking KYC information.
SAR Narratives for Reporting Suspected Human Trafficking
In this installment of AML Voices, John Byrne, AML RightSource Executive Vice President, Sara Crowe, Strategic Initiatives Director, Financial Systems – Polaris, and Angel Nguyen Swift, Head of Conduct Management at Wells Fargo, discuss the elements of effective SAR narratives and how to prepare them so they are most useful to law enforcement.
Arun Banerjee and Brad Breslin Join AML RightSource
CLEVELAND, OH, January 14, 2021 – AML RightSource (“AMLRS” or the “Company”), the leading outsourced provider of Anti-Money Laundering (“AML”), Know Your Customer (“KYC”), and Bank Secrecy Act (“BSA”) compliance solutions, is pleased to announce that Arun Banerjee and Brad Breslin have joined its leadership team.
The AML Community List - 2021: What will be Out and In for the Upcoming Year?
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…
Emerging Trends in Combatting Human Trafficking
In this installment of AML Voices, John Byrne, AML RightSource Executive Vice President, Sara Crowe, Strategic Initiatives Director, Financial Systems – Polaris, and Angel Nguyen Swift, Head of Conduct Management at Wells Fargo, discuss emerging trends in combatting human trafficking. They look at the efforts to have PornHub improve its content moderation practices; the increase in online sexual exploitation during the pandemic; and financial indicators of online child sexual exploitation.
