AML Voices: What Do Internal Auditors Need to Know?
Our expert panel discusses what knowledge internal auditors need to be effective in reviewing a financial crimes compliance program. They look at both the required expertise about rules and regulations, and the understanding required about the program itself.
AML Voices: Internal Audits - Workpapers; Interaction with Examiners
Our panel of experts discuss the purpose and value of internal audit work papers and how they are used both internally and by regulatory examiners.
The UK’s First National Risk Assessment of Proliferation Financing
The United Kingdom (UK) was one of the first countries to publish a Money Laundering (ML) and Terrorist Financing (TF) National Risk Assessment (NRA). The ML/TF NRA however did not include Proliferation Financing (PF). In September 2021, the UK released its first National Risk Assessment of Proliferation Financing.
AML Conversations: A Deep Dive With Tom Vartanian Part 02
Tom V artanian is a former federal banking regulator and law professor. In this two-part podcast, we discuss his v iews on what caused the v arious the financial crises in the US, the need for impro v ed or “smart” regulation, how accountable are the policy makers and the pri v ate sector, and the need to utilize technology to prepare us for any future financial panics.
AML Conversations: A Deep Dive With Tom Vartanian Part 01
Tom V artanian is a former federal banking regulator and law professor. In this two-part podcast, we discuss his v iews on what caused the v arious the financial crises in the US, the need for impro v ed or “smart” regulation, how accountable are the policy makers and the pri v ate sector, and the need to utilize technology to prepare us for any future financial panics. Click here to listen to Part 02 of John's conversation with Tom Vartanian.
Empowering Together Women in AML: Janice Mensah
John Byrne, AML RightSource Executive Vice President, sits down with Janice Mensah, AML RightSource Senior Vice President, Head – Canada to discuss her career journey. They chat about how she entered into financial crime compliance by accident and has stayed in FCC the balance of her career.
9/11: Money Laundering or Terrorism?
Our panelists discuss the the state of mind of US intelligence and law enforcement agencies prior to 9/11 and their focus on money laundering. They explore how the events of that day triggered a shift in emphasis to detecting and interdicting terrorist financing activity.
FinCEN ANPRM - Trade in Antiquities: Financial Crime Task Force Chairs of the Antiquities Coalition
Attached are two responses (and our September 2020 report) to the September 23, 2021 Advanced Notice of Proposed Rulemaking (ANPRM 1506-AB50) by the Financial Crimes Enforcement Network (FinCEN), which is seeking to implement Section 6110 of the Anti-Money Laundering Act of 2020 (AML Act). Section 6110 of the AML Act amended the Bank Secrecy Act (BSA) by including, as a type of financial institution, a person engaged in the trade of antiquities, including an advisor, consultant, or any other person who engages as a business in the solicitation or the sale of antiquities. Section 6110 requires the Secretary of the Treasury to issue proposed rules to carry out the amendment.
UK Regulatory Needs for Real Estate
The real estate sector is under pressure to improve its AML practices, as criminals step up their efforts to launder their dirty money through property.
