Posts

The 2022 NMLRA: The Pandemic, Opioids, and Other “Changes” Continue to Challenge our Communities

By John Byrne | March 9, 2022
There is an old idiom, attributed to the British that “March comes in like a lion and goes out like a lamb.” For the financial crime prevention community in the US, that probably won’t be accurate since we expect a whole host of studies, reports, and regulations throughout 2022. However, on March 1st, the Department of Treasury issued National Risk Assessments on money laundering, terrorist financing and proliferation financing. As there is quite a bit to unpack in all three, we will only focus here on the money laundering assessment or NMLRA.

How Blockchain and Digital Identity Can Reduce Risk and Identity Theft

By Blaise Wentz | March 8, 2022
Introduction Since the start of our COVID-induced digital transformation, cybersecurity has become a hot topic and shone a light on the lack of awareness around cybercrime, and more specifically, identity fraud. The number of identity theft cases has grown exponentially on a global scale, exposing the high risks of both personal data loss and access to vital institutional resources. The increased use of social media and online shopping has created modern digital identities which are fragmented, and the risk of exploitation because user data is stored on cloud servers.

Understanding Market Implications from the Sanctions in Russia

By Sophie Proctor | March 8, 2022
Welcome to part two of our interview with Tim White, a Special Advisor at AML RightSource and our global sanctions expert, where we delve into the market outlook and what the long-term effects could be from the sanctions on Russia.

AML Conversations: Meet James Lin - AMLRS Chief Product & Technology Officer

By AML RightSource | March 7, 2022
John Byrne, Chairman of the AML RightSource Advisory Board, sits down with James Lin, the Company’s new Chief Product & Technology Officer. James discusses his vision for how technology and people working together can bring clients enhanced effectiveness in their financial crime compliance efforts. He also explores how bringing all of AMLRS’s resources together can accelerate client success.  

AML RightSource Welcomes James Lin as Chief Product & Technology Officer

By AML RightSource | March 7, 2022
CLEVELAND (March 7, 2022) — AML RightSource (“AMLRS”), the leading firm focused on fighting financial crime for clients and the world, is pleased to announce that James Lin has joined the company as Chief Product & Technology Officer. In this role Lin will spearhead technology innovation across the company and oversee software & data products from conception to production, including research, design, development, delivery, operations, and support. He will report to CEO Frank Ewing.

2022 Financial Crime Market Outlook | Latin America

By Sophie Proctor | March 6, 2022
Welcome back to our 2022 outlook on the AML industry across different parts of the world. In this part, we’re looking at Latin America, where there is a dire need for compliance teams to step up their AML efforts to fight corruption, money laundering, and drug trafficking. According to Financier Worldwide, the Economic Commission for Latin America and the Caribbean (ECLAC) calculated that tax evasion and illicit financial flows in the region could be estimated at about $325bn a year.

Understanding the History & Impact of the Sanctions Against Russia

By Sophie Proctor | March 4, 2022
Welcome to part one of our interview where we’re joined by Tim White, a Special Advisor here at AML RIghtSource and our global sanctions expert, where we explore some of the background leading to Russia’s invasion of Ukraine as well as the impact of these sanctions on Russia.

How Can Compliance Teams and Financial Service Providers Improve In the AML Industry?

By Sophie Proctor | March 2, 2022
We sat down with Edo de Vries Robbé, Director of Corporate Development here at AML RightSource to talk about the AML industry on a global level, as well as some of the key factors compliance teams can address to improve their efficiency and scalability. We also delve into the impact of COVID, a longer-term outlook, the need for innovation, and what lies ahead for regulatory bodies if cryptocurrencies become mainstream.

AML RightSource Welcomes Director of Managed Services Nicholas Spagnole

By AML RightSource | February 28, 2022
AML RightSource (“AMLRS”), the leading firm focused on fighting financial crime for clients and the world, is pleased to announce that Nicholas Spagnole has joined the company as Director of Managed Services. In this role, he will support the company’s client delivery practice, including managed services and advisory.

AML Conversations

For this episode of our AML Conversations podcast, we sit down with Sara Crowe, the strategic initiatives director at Polaris, a non-profit working...

John Byrne chats with Brian Szady, Founder of a threat mitigation firm Threatminder, on the various cybersecurity issues challenging the AML world,...

John Byrne sits down with Dr. Louise Shelley and Layla Hashemi, the editors of the new book Antiquities Smuggling in the Real and Virtual...

In June 2021, FinCEN issued the first National AML/CFT Policy Priorities for the US. John Byrne sat down with Dan Stipano of Davis Polk & Wardwell...

We sit down with our global sanctions expert Tim White to hear how the financial crime compliance community is impacted following the sanctions...

John Byrne, Chairman of the AML RightSource Advisory Board, sits down with James Lin, the Company’s new Chief Product & Technology Officer. James...

Advisory Board Chair John Byrne sits down with Ken Harvey to discuss his joining the Board. They chat about Ken’s long career in financial service...

John Byrne sits down with Jeffrey Albert 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,...

Press

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...

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

Watch this video for more information about the QuantaVerse Platform New capability considers a company’s registration status as an indicator of...

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