Posts

AML Conversations: A Look into the IRS with Former Head of IRS CI

By AML RightSource | August 25, 2022
There have been outrageous comments made by “policymakers” about the IRS since the passage of the Inflation Reduction Act. AMLRS Chairman of the Advisory Board John Byrne talked to former IRSCI Chief Don Fort about the facts regarding the IRA funding, the mission of IRSCI, and the impact misinformation is having on staff. Here’s a taster of some of the questions discussed: Question: There have been questions and a lot of information (misinformation) out there about the substantial funding the IRS is going to get as part of the Inflation Reduction Act, $80B over 10 years. For example, “87,000 armed agents” is being repeated in the media. Remind us of the important work IRS-CI does Explain the facts around “87,000 armed agents?” Question: What’s your take of these statements in the media? Question: What’s the real-life impact to those working for IRS-CI from these types of comments? Question: IRS-CI works more than just tax cases - are there examples of cases that IRS-CI works that have broad national and international importance? Question: How will the IRS use this funding?  

AML Voices: KYC for High Risk Businesses and Newer Products

By AML RightSource | August 22, 2022
Our panel of experts discuss how an effective KYC program deals with higher risk customers and newer and evolving products. The look at a range products including, crypto products, DeFI, P2P, marijuana related businesses, and online gambling.

AML Conversations: Asset Forfeiture Global Expert Stef Cassella

By AML RightSource | August 17, 2022
Asset Forfeiture Global Expert Stef Cassella returns to AML Conversations to discuss civil and criminal forfeiture. He explains how it's used, common misunderstandings about this law enforcement and prosecutorial tool, and also delves into his work which aims to improve its functionality worldwide.  

Global Impact of Human Trafficking

By Elliot Berman | August 16, 2022
Trafficking in persons is the second largest black market in the world (the first is the illegal drug trade). It is estimated that human trafficking is more than a $150 billion industry with over 24.9 million victims around the globe. Human trafficking is divided into two broad categories – forced labor and sex trafficking.

AML RightSource’s New QuantaVerse Risk Segment Override (RSO) Capability Enables Financial Institutions to Tune Risk Classification

By AML RightSource | August 16, 2022
AML RightSource, the leading provider of Anti-Money Laundering (“AML”), Know Your Customer (“KYC”), and Bank Secrecy Act (“BSA”) compliance solutions, has added a new capability to its QuantaVerse Financial Crime Platform. The new Risk Segment Override (RSO) capability allows an investigator to override QuantaVerse’s risk segmentation if they deemed it warranted after reviewing a case. The overrides will persist until the QuantaVerse Platform alters the entity’s risk profile based on new information which is immediately presented for review.

Money Laundering Through Social Media and Online Gaming

By Sakshi Sharma | August 12, 2022
With scamming on the rise, criminals are always looking for people willing to lend them their bank accounts to receive and withdraw the unlawful cash and these people are called mules or money mules, now you must be thinking "wait, what mule? the animal mule? animals don’t have bank accounts!''

AML Voices: The Pandemic – Long-term Changes to KYC

By AML RightSource | August 8, 2022
Our panel of experts discuss how the pandemic has changed KYC processes for the long-term. They look at numerous elements of KYC, including information gathering, identity verification, and site visits.

AML Conversations: A Discussion with Kit Conklin

By AML RightSource | August 2, 2022
Kit Conklin, VP at Kharon and a Senior Fellow at the Atlantic Council discusses the recent “joint alert” between the Financial Crimes Enforcement Network (FinCEN) and the U.S. Department of Commerce’s Bureau of Industry and Security (BIS) on preventing export control evasion attempts in connection with the Russian Federation’s further invasion of Ukraine.  

AML Conversations: A Discussion with Kent Belasco

By AML RightSource | July 28, 2022
John discusses with Kent Belasco, the Director of Marquette University’s Commercial Banking Program, a recent project with a microfinance organization to assist an impoverished rural farming community outside Panama City.   https://today.marquette.edu/2022/07/banking-on-community/  

AML Conversations

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...

Guy Ficco, Deputy Chief of IRS-Criminal Investigation, joins us to discuss his new role, the vast coverage of financial crime by the IRS, the...

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...

Asset Forfeiture Global Expert Stef Cassella returns to AML Conversations to discuss civil and criminal forfeiture. He explains how it's used, common...

Kit Conklin, VP at Kharon and a Senior Fellow at the Atlantic Council discusses the recent “joint alert” between the Financial Crimes Enforcement...

John discusses with Kent Belasco, the Director of Marquette University’s Commercial Banking Program, a recent project with a microfinance...

Alan Ketley, the new Executive Secretary of the Wolfsberg Group discusses the mission of the group, their focus on a variety of AML related topics:...

Press

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...

CLEVELAND (March 7, 2022) — AML RightSource (“AMLRS”), the leading firm focused on fighting financial crime for clients and the world, is pleased to...