Posts

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: The Widespread Use of Antiquities to Commit Terrorist Acts and How the AML Community Can Help

By AML RightSource | August 14, 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 the founder of the Antiquities Coalition. The Antiquities Coalition is a nonprofit organization created roughly four years ago to stop the use of stolen antiquities as terrorist financing tools for extremist organizations, a very compelling part of anti-terrorist financing. The Antiquities Coalition conducts excellent advocacy and awareness work dealing with the need for countries around the world to create relevant laws and regulations to address stolen antiquities and their use as a tool to commit horrific crimes.

Tell Her (or Him) No*

By John Byrne | August 7, 2018
Tell Her (or Him) No* Buying or Selling Antiquities Can Assist Terrorism After so many years of following the AML community and being a part of that great group, it is hard to surprise me on ways in which illicit funds can move to support a wide array of financial crime. So when invited to a recent roundtable discussion on yet another method for criminals to take advantage of, I was curious and wanted to learn more.

August Employee Spotlight: Jessica Bonner

By AML RightSource | August 1, 2018
We are very excited to highlight a staff member each month from our team of superb employees. AML RightSource August Employee Spotlight: meet Jessica Bonner! Ms. Bonner is a Senior Analyst in the Cleveland office with over 4 years of experience in the legal and anti-money laundering sectors. Prior to joining AML RightSource, she performed mortgage compliance fraud investigations and worked as an Attorney on a notable anti-trust matter. Ms. Bonner is a Licensed Attorney in the State of Florida.

“Get Together”*

By John Byrne | July 20, 2018
"Get Together"* A Call for Partnership to Battle Human Trafficking Last week I was able to attend the roll-out of a new report by the leader in anti-human trafficking, Polaris. The report, “On-Ramps, Intersections, and Exit Routes: A Roadmap for Systems and Industries to Prevent and Disrupt Human Trafficking” is the sequel to their last report on trafficking typologies. The new report, according to CEO Bradley Myles, covers the intersections of the previous posted typologies. Myles offered that there have been great strides in the efforts of the private sector over the past few years but as this new information clearly shows, there are still many unwitting partners in both the private and public sectors that enable trafficking to be still profitable and possible. He is right of course, but I would add that the dramatic proactive work of the financial sector in the AML community is not as well-known beyond the folks of Polaris.

AML Conversations: AML/CFT since 9/11 and the Vast Array of Challenges in 2018 from an AML Public Servant

By AML RightSource | July 6, 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 John Roth. John Roth has spent his career addressing the major challenges facing the AML community in the public sector and now is leading an effort for an important component in a new part of the private sector. John Roth’s distinguished career includes being the lead of the 9/11 Commission Report on terrorist financing, serving as Inspector General at the Department of Homeland Security, and serving as the Department of Justice’s liaison to the Financial Action Task Force (FATF). Today he works for a digital currency exchange, Bittrex, as the Chief Compliance and Ethics Officer. The discussion focuses on John Roth’s career and ends with where Bittrex fits in with financial technology and his views on artificial intelligence.

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.

AML Conversations

Former FBI Supervisory Special Agent on the International Corruption Unit Debra LaPrevotte discusses her career work investigating global corruption...

Kateryna Boguslavska, PhD, Project Manager Basel AML Index at the Basel Institute on Governance, discusses the 2022 AML Index and some examples of...

AMLRS Advisory Board Member Nicolas Choules-Burbidge, formerly a senior executive at the Office of the Superintendent of Financial Institutions...

Jeff Pearlman, NY Times Best Selling Author of nine books and author of a new book, “The Last Folk Hero” about Bo Jackson, discusses the recent fraud...

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...

Press

CLEVELAND (October 26, 2022) – AML RightSource (“AMLRS”), the leading provider of Anti-Money Laundering (“AML”), Know Your Customer (“KYC”), and Bank...

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...