AML Conversations: Wildlife Trafficking
In this episode of AML Conversations, John Byrne, Debra LaPrevotte, and Dr. Louise Shelley discuss environmentalcrime and the need for a more cohesive approach. Wildlife trafficking continues to enable the facilitation of illicit funds and is the “soft underbelly of organized crime.” Our panel discusses this global problem and what can be done to address what is a “low risk, high reward” crime.
9/11: A 20-Year Retrospective of the Central Backstory
This first appeared in the September 2021 edition of ManchesterCF Analytics from ManchesterCF
9/11 Created the AML Community We Know Today
The End of the Innocence[1]
FATF Report: New Tech Set to Boost Financial Crime Fighting Efforts
Experts have welcomed a Financial Action Task Force report highlighting new technologies that can help fight financial crime. The task force emphasized how advances — such as customer due diligence tools, artificial intelligence and blockchain — can make anti-money laundering and counter-terrorist financing (AML/CFT) efforts faster, cheaper, and more effective. There are still barriers to their adoption, but these can be overcome, said the report.
Offshoring: Get Started; Running Smoothly
In this installment of AML Voices, our expert panel discusses how to launch an offshore component to your financial crimes compliance program and how to ensure that integrates well and runs smoothly.
Real Estate and the Need for “Real” Reforms in Australian AML Regulations
“Incremental” is a word that is often used to describe the pace of AML/CTF reforms in Australia. The release in June 2021 of the latest Tranche 1.5 by the AUSTRAC is emblematic of the glacial pace at which reforms are being passed through the regulatory system in Canberra.
Turning the Screws on Beneficial Ownership
Turning 18 is a landmark birthday – it is supposed to be the age when we emerge into the adult world, all grown up and ready to play our part. In practice, of course, most of us still have a bit of growing up to do and we often need a bit of help. So, it is proving with the Financial Action Task Force’s (FATF) Recommendation 24, which began development 2003, but has still to fulfil its potential.
Fact-checking the debate over de-risking.
This conversation with two of the authors of a recent article for the Federal Reserve Bank of Atlanta that examines claims of the connection between bank de-risking and AML regulation. John Byrne talks to Mark Nance, the Director of the Master of International Studies program at NC State’s School of Public and International Affairs and Eleni Tsingou, a professor in International Political Economy at the Copenhagen Business School.
Offshoring: Do I Want To Do This?
In this installment of AML Voices, our expert panel discusses the key elements to consider as your organization explores adding an offshore component to you financial crimes compliance program.
