Gridiron Capital Partners with AML RightSource
NEW CANAAN, CT, September 22, 2020 – Gridiron Capital, LLC (“Gridiron Capital”), an investment firm focused on partnering with founders, entrepreneurs, and management teams, is pleased to announce an investment in 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. Gridiron Capital is partnering with the Company’s Founders and management team to help drive the next phase of growth, and Frank Ewing, CEO, and Paul Linehan, President, are excited to continue leading the Company. Gridiron is acquiring AMLRS from Clarion Capital Partners, LLC (“Clarion”).
How to Manage Your AML Program eBook
The five absolutes for an AML compliance program Policy statements alone aren't sufficient to manage an AML program effectively. Practices must coexist with the financial institution's written policies, procedures, and processes. To design a strong BSA/AML program, you need to include five core pillars.
FATF: Focus on Virtual Assets and "Stablecoins"
In this installment of AML Voices, John Byrne, Vice Chairman, Sarah Runge from Credit Suisse and Chip Poncy from K2 FIN discuss the Financial Action Task Force’s (FATF) focus on virtual assets and “stablecoins” and how this will impact your BSA/AML compliance program.
Boards Can’t Exercise Oversight Without the Right Information
This post is part of our occasional series on AML program fundamentals which focuses on refreshing foundational knowledge for experienced members of the AML community and providing an introduction to key topics for those new to the subject.
AML Conversations: 9/11 - Its Impact on Financial Crimes Compliance and on All of Us
In this edition of AML Conversations, AML RightSource Vice Chairman John Byrne sits down with terrorist financing career expert Dennis Lormel to discuss the impact of the events of 9/11 on financial crimes compliance and on everyday life around the world.
Effective Assessment of BSA/AML Training
In this installment of AML Voices, John Byrne, Vice Chairman and Mike Schidell, Director of Training at AML RightSource discuss effective assessment of AML/BSA training.
FATF: Priorities Looking Forward
In this installment of AML Voices, John Byrne, Vice Chairman, Sarah Runge from Credit Suisse and Chip Poncy from K2 FIN discuss the Financial Action Task Force’s (FATF) priorities for the next two years and how they will impact your BSA/AML compliance program.
Challenges in managing BSA systems
In this episode of AML Conversations, Chuck Taylor, Executive Vice President and head of Financial Crimes Advisory and Tim White, Special Advisor from the AML RightSource staff discuss some of the challenges of managing BSA systems to ensure they are effective and meet your FI’s needs.
Episode 1: When Did You Perform Your Last Rules Assessment?
There are many transaction monitoring systems in use at financial services companies (FIs). Many of them are rules based. They apply rules to specific transaction types to detect activity which requires additional scrutiny. With the broad variety of transactions, it is critical for FIs to regularly test and retune their systems to ensure accuracy.
