Posts

No Lookin Back*

By John Byrne | October 23, 2018
No Lookin Back* Expansion of AML is not going to stop Nor Should It AML, just like technology, started slowly but in the past 5-10 years has either rapidly increased or challenges have appeared that we need to address.

AML Conversations: The Major Challenges of Banking Marijuana Businesses

By AML RightSource | October 22, 2018
Welcome to this episode of our podcast series, AML Conversations. In this edition of AML Conversations, AML RightSource Vice Chairman, John Byrne, talks with Steven Kemmerling. Steven is the CEO and Founder of CRB Monitor, a company that doesn’t support or oppose the banking of marijuana customers, but provides information so that institutions can make more informed decisions on whether or not their account holders are directly or indirectly managing products or businesses that have something to do with the sale of or with the enabling of the sale of marijuana. This conversation delves into the major challenges of banking marijuana businesses with the federal and state conflicts that still exist. Review the FinCEN guidance on marijuana related businesses here.

Compliance From the Start(up)

By Tim Murphy | October 19, 2018
Compliance From the Start(up) At least two or three times a year you are hooked on a featured profile piece from a business magazine or Sunday newspaper about a hot new startup and its radical leadership team, right? You know the piece. No one saw Startup X coming and now X is about to set our tired institutions ablaze and build on the ashes something that forever changes the way we live. And, they’re just getting started. Whoa! That’s a story every major media outlet indulges in, but why? Why do we read these profile pieces when the narrative is all too familiar to us? Contributing to the creation of an innovative product is a part of it for sure, but learning about the team behind the scenes is equally if not more compelling. We want to live the excitement and satisfaction captured in those Sunday features. We want in on that culture.

AML Conversations: How the IRS is Essential to the AML Community on a Number of Fronts

By AML RightSource | October 10, 2018
Welcome to this episode of our podcast series, AML Conversations. In this edition of AML Conversations, AML RightSource Vice Chairman, John Byrne, sat down with Mark Matthews who has had a long and distinguished career in both the private and public sectors. He is currently a member of Caplin & Drysdale Tax Controversies, Tax Litigation, and Exempt Organizations practice groups and has previous experience with the Internal Revenue Service (IRS), the Justice Department, as well as experience serving in senior AML roles. This conversation covers offshore banking, beneficial ownership, tax evasion, and the role played by IRS post 9/11 and up to today.

October Employee Spotlight: Matt Musso

By AML RightSource | October 1, 2018
We are very excited to highlight a staff member each month from our team of superb employees. AML RightSource October Employee Spotlight: meet Matt Musso! Mr. Musso is a Manager in our Cleveland office with multiple years of experience in the anti-money laundering industry. Mr. Musso is a Certified Anti-Money Laundering Specialist (CAMS).

AML Conversations: Chuck Lewis's Impact on the Compliance Community

By AML RightSource | September 25, 2018
Welcome to this episode of our podcast series, AML Conversations. In this edition of AML Conversations, AML RightSource Vice Chairman, John Byrne, sat down with legendary compliance expert, Chuck Lewis. Chuck is retiring after 42 years of work in the banking industry, 40 of those years specifically in compliance. Throughout his career he has worked directly for financial institutions, advisory firms, and finally for the Missouri Bankers Association advising and working with banks on various compliance matters including Bank Secrecy Act issues. Chuck Lewis is well known for his training, compliance reviews, and great sense of humor.

Is Cryptocurrency Money Laundering a Real Threat?

By Christine Demeter | September 24, 2018
Is Cryptocurrency Money Laundering a Real Threat? Cryptocurrencies have been idealized as the currency that will replace all other payment instruments, payment platforms, and paper money.  Further, cryptocurrencies have been seen as an investment opportunity where large profits may magically be made (A Short History Of Bitcoin And Crypto Currency Everyone Should Read by Bernard Marr; 12 Russians Charged: Major Highlights of the Indictment and Rod Rosenstein’s Statement by The New York Times; Mueller indictment details Russian spy’s preference for Bitcoin by Alex Lielacher;  Here's What Deputy Attorney General Rod Rosenstein Said About Indicting Russian Intelligence Officers for Election Hacking by Alejandro de la Garza; Cryptocurrency Played Key Role in 2016 Election Interference by Russia: Prosecutors by Valentina Pasquali).  However, when a new platform allowing fund transfers enters the marketplace, criminals assess the utility of that instrument for money laundering and terrorist financing.

Shades of Gray*?

By John Byrne | September 12, 2018
Shades of Gray*? A Recent History of Relevant Congressional Investigations for the AML Community: Informative but Not Nuanced Having been in the AML community for over thirty years, I remain frustrated that I am aware of the true dedication of the men and women in this area that are proactive, dedicated and effective in stopping and detecting financial crime but many others are not (or choose to ignore the facts). While the financial sector is not remotely blameless on a number of recent scandals, failure to identify the various projects/events that emanated from AML professionals fails to present a balanced view of a very complicated area.

September Employee Spotlight: Alyson Bujnoski

By AML RightSource | September 4, 2018
We are very excited to highlight a staff member each month from our team of superb employees. AML RightSource September Employee Spotlight: meet Alyson Bujnoski! Ms. Bujnoski is a Manager in our Cleveland office with over five years of experience in the legal and anti-money laundering sectors. Prior to joining AML RightSource, she worked within procurement at a financial institution, where she communicated with internal and external business partners to ensure contract terms were in compliance with OFAC and OCC regulations. Ms. Bujnoski has been a licensed attorney in the State of Ohio since 2015 and is a Certified Anti-Money Laundering Specialist (CAMS).

AML Conversations

John Byrne sits down with Jeffrey Alberts of Pryor Cashman LLP and Ari Redbord of TRM Labs to discuss the latest guidance from the Financial Action...

Former FBI TFOS Director Dennis Lormel discusses the ramifications of the January 6th  2021 attacks on the US Capital on society and the AML...

Kit Conklin, Director, Global Client Engagement at kharon.com discusses the importance of understanding and complying with the export control laws,...

In this installment of AML Conversations, John Byrne speaks with Jim Lee, Chief of the Internal Revenue Service Criminal Investigation Division,...

Tom V artanian is a former federal banking regulator and law professor. In this two-part podcast, we discuss his v iews on what caused the v arious...

Tom V artanian is a former federal banking regulator and law professor. In this two-part podcast, we discuss his v iews on what caused the v arious...

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...

Press

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

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

RegTech100 List Encompasses the World’s Most Innovative Technology

QuantaVerse Reduces V&V-Triggered False Positives Created by Transaction Monitoring Systems (TMS), Slashing the Number of Unnecessary AML...

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...