Protect yourself from illicit funds hidden in artwork
About this whitepaper Did you know criminals can use art to evade taxes and launder money? First, art’s value is subjective so prices can fluctuate without explanation. Second, art transactions lack the regulations required by other industries like real estate or business.
Maybe there will be a balanced report on the state of money laundering… In the Year 2525*
Every time a report is issued in late December, you have to wonder about impact.
An Evaluation of the House Financial Services Committee in 2019
With the first meeting of the 116th United States Congress near, by now lawmakers have surely dried off from that November wave. As you’ll recall, cresting that swell was a mix of new and old characters who are currently jostling for various leadership positions as Democrats regain control of the House of Representatives. And, while the shakeout (or shakedown) continues for many coveted positions, leadership of the House Financial Services Committee has never really been in question.
January Employee Spotlight: Mark Smalley
We are very excited to highlight a staff member each month from our team of superb employees. AML RightSource January Employee Spotlight: meet Mark Smalley! Mr. Smalley is a Senior Manager in the AML RightSource Cleveland office with over 25 years of experience in financial institutions, financial services firms, and private law practice. Mark is a Certified Anti-Money Laundering Specialist (CAMS) as well as a licensed attorney within the state of Ohio and various federal courts.
The Art of Money Laundering: How to Fight the Perfect Crime
Certain works of fine art are priceless. Literally. They do not have a market-determined value. The cost is whatever an art collector is willing to pay.
The 2019 AML List!
As I have done in previous years, will be looking ahead to 2019 and what may be in store for the AML/CTF/Financial Crime Prevention community. With new committee chairs in the US House and several retirements in the Senate, it is a safe bet that any policy debates in our area will be somewhat different than the last two years. If you add on what is likely to be a financial focus on investigations of this Administration, and in several other countries, money laundering related topics will be front and center.
AML Conversations: How Peacemaking can Improve Communities and Everyday Lives
Welcome to this episode of our podcast series, AML Conversations. A special edition of AML Conversations, looking at a program at Marquette University that focuses on partnerships, emphasizing how “peacemaking” can improve communities and everyday lives. Numerous peacemaking initiatives are discussed in this conversation between AML RightSource Vice Chairman, John Byrne, and Patrick Kennelly, the Director of the Center for Peacemaking program at Marquette University.
AML Best Practices That Will Help You Sleep Better at Night
Since the horrific attacks of 9/11, and the congressional response of the USA PATRIOT Act, financial institutions have been occupied with the increasing focus on anti-money laundering (AML) compliance. This is, of course, not surprising. The money laundering problem has grown to an estimated size of $2 trillion in ill-gotten funds. The financial sector has certainly embraced their role in preventing and detecting this vast array of crimes but the challenges of resources, training, and overall compliance are major.
