Where Do Good AML Analysts Come From?
Lately, this seemingly basic question seems to occupy the minds of AML Compliance Officers and operational types alike. As it turns out, the answer is simple: You need to develop your AML department like a professional sports team – gather a healthy balance of veterans, free agent acquisitions, and a strong core of promising rookies developed by your farm system.
UK Releases Anti-Money Laundering Risk Assessment
This month, The UK government published its first national risk assessment of money laundering and terrorist financing. The US has released two similar documents: the first in 2005 (U.S. Money Laundering Threat Assessment) and updated again in 2015 (National Money Laundering Risk Assessment 2015).
Using Denim to Drive Donations
Employees at AML RightSource are using fashion for the social good. Each week the firm’s employees make charitable donations in exchange for a “jeans Friday” at the office. So far, the company has raised money for many local (and national) charities, including, St. Jude Children’s Research Hospital, The Greater Cleveland Fisher House, and Ronald McDonald House Charities.
AML Model Risk Validation Specialists in High Demand
AML industry regulations create need for highly analytical professionals for financial crime compliance. According to an article by Brian Monroe for the Association of Certified Financial Crime Specialists (ACFCS), the already hot AML industry is experiencing a surge of companies in need of AML Model Risk Validation Specialists who have the technological knowledge and experience to ensure their AML programs and validation models are up to par.
Risk & Compliance Article Shows Need for AML RightSource Services
Survey Roundup Indicates a Heavy Workload and Lack of Trained Staff in the Risk and Compliance Industry. Increasing scrutiny by regulators is steadily increasing the workload for already short-staffed compliance departments. A recent article in Risk & Compliance Journal by Ben Dipietro touches on the state of the risk and compliance industry.
Gabriel Partners Featured on City of Cleveland Website
Gabriel Partners is now recognized by the City of Cleveland as one of its featured companies in the Banking & Finance Key Industry Sector. To read how Gabriel Partners is helping to shape the future of the City of Cleveland visit rethinkcleveland.org.
