Posts

July Employee Spotlight: Sam Lauritzen

By AML RightSource | July 2, 2018
We are very excited to highlight a staff member each month from our team of superb employees. AML RightSource July Employee Spotlight: meet Sam Lauritzen! Sam is a Manager in the AML RightSource Hudson office and has been with the company since 2015. He has experience serving in operations and management roles in the healthcare industry and has contributed to several political campaigns.

John Byrne Presents at 10th Annual BSA Coalition Conference

By AML RightSource | June 27, 2018
Yesterday AML RightSource Vice Chairman, John Byrne, spoke about the state of the current anti-money laundering community at the 10th Annual BSA Coalition Conference in Virginia. The annual conference discussed a variety of topics including the state of AML, FinCEN’s customer due diligence and beneficial ownership rules and the evolving use of technology to comply with BSA/AML. Read the full speech here.

June Employee Spotlight: Ryan Painter

By AML RightSource | June 1, 2018
We are very excited to highlight a staff member each month from our team of superb employees. AML RightSource June Employee Spotlight: meet Ryan Painter! Ryan is a Manager in the AML RightSource Phoenix office and has been with the company since August 2013. He has over seven years of experience in the banking and anti-money laundering industries and is interested in the rise of new cryptocurrencies.

Bitcoin/Blockchain Presentation: Avoiding Jumbo Size Problems

By AML RightSource | May 15, 2018
Avoiding Jumbo Size Problems: Bitcoin/Blockchain Presentation Last week, AML RightSource Financial Crimes Advisory Practice Associate, Mici Chase, spoke at the Frantz Ward Labor and Employment Seminar. She co-presented with Keith Ashmus, Partner at Frantz Ward LLP, on the topic of Bitcoin and Blockchain. The presentation discussed what Bitcoin and Blockchain are and how they work, as well as what the future looks like with this new technology. See the gallery below for photos from the event.

AML Conversations: Understanding the Nexus of Corruption and AML

By AML RightSource | May 9, 2018
This edition of AML Conversations features John Byrne, AML RightSource Vice Chairman, and Jonathan Lopez, Partner in the white collar corporate investigations group at Orrick, Herrington & Sutcliffe in Washington DC. The discussion revolves around Jonathan’s previous career with the Department of Justice where he covered the Foreign Corrupt Practices Act (FCPA), personal liability cases, and money laundering issues. The conversation also covers his transition to the private sector and the perspective he now has from being a prosecutor to currently defending and advising white collar clients.

May Employee Spotlight: Matt Hanna

By AML RightSource | May 2, 2018
We are very excited to highlight a staff member each month from our team of superb employees. AML RightSource May Employee Spotlight: meet Matt Hanna, Esq., CAMS! Matt is a Manager in our Cleveland office and has been with AML RightSource since July 2015. He has led many staff augmentation projects, is part of the company's SAR Committee, and is interested in the regulation of Money Service Businesses.

Crossing the Border: How to Evaluate Countries’ AML Risk

By Samantha Mucha | May 1, 2018
Financial Institutions (“FIs”) are required to take a risk-based approach in their BSA/AML compliance programs. The risk-based approach provides FIs with a large degree of flexibility in determining their risk thresholds for certain types of customers and transactions. FIs are also required to document their approach by developing a Customer Risk Rating (“CRR”) methodology. International transactions carry different amounts of risk, depending on the jurisdiction. In order to evaluate the risks associated with connections to these jurisdictions, FIs should establish a country risk rating methodology to identify higher risk countries.

Prescriptions for Creating a More Robust AML Program

By Mohammad Faraj | April 18, 2018
In today’s regulatory enforcement environment, staying ahead of the trends in BSA/AML compliance is critical. The stakes in minimizing risk have never been higher, compelling managers to focus on the promotion of healthy and responsible institutional practices within their financial institutions (“FIs”). A strong AML program operates in the background when things are going smoothly. However, when things go wrong, the consequences are usually severe and the weaknesses come to the forefront. FIs and nonbank financial institutions (“NBFIs”), such as Money Services Businesses (“MSBs”), would be well advised to take necessary steps to avoid regulatory penalties and enforcement actions.

AML Conversations: Career in Compliance

By AML RightSource | April 17, 2018
Welcome to the third episode of our podcast series, AML Conversations. AML Conversations is dedicated to inform professionals and those interested in anti-money laundering about conversations happening in the government, private sector, and internationally. We will be posting interviews, live programming, and panel discussions related to the industry throughout the series to keep our listeners well-informed.

AML Conversations

Jenni Halleran,  the Head of Financial Crimes Investigations at Silicon Valley Bank, discusses her career path, growing up in a blue collar town, and...

Mark Freedman, CEO / Founder of Rebel Global Security and former Chief of Section in the Counter-Terrorism Bureau at the US State Department...

Guy Ficco, Deputy Chief of IRS-Criminal Investigation, joins us to discuss his new role, the vast coverage of financial crime by the IRS, the...

John Byrne chats with John M. Geiringer, of Barack Ferrazzano Financial Institutions Group, about the new book he edited and co-authored, Countering...

Dennis Lormel, President of the Society of Former Agents of the FBI, discusses the ramifications of the public attacks on the FBI by elected...

There have been outrageous comments made by “policymakers” about the IRS since the passage of the Inflation Reduction Act. AMLRS Chairman of the...

Asset Forfeiture Global Expert Stef Cassella returns to AML Conversations to discuss civil and criminal forfeiture. He explains how it's used, common...

Kit Conklin, VP at Kharon and a Senior Fellow at the Atlantic Council discusses the recent “joint alert” between the Financial Crimes Enforcement...

John discusses with Kent Belasco, the Director of Marquette University’s Commercial Banking Program, a recent project with a microfinance...

Alan Ketley, the new Executive Secretary of the Wolfsberg Group discusses the mission of the group, their focus on a variety of AML related topics:...

Press

AML RightSource, the leading provider of Anti-Money Laundering (“AML”), Know Your Customer (“KYC”), and Bank Secrecy Act (“BSA”) compliance...

AML RightSource’s ongoing expansion into the technology arena continues to go from strength-to-strength as they welcome Stern International Bank to...

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...