Stablecoins: The sovereign virtual currency of the future
As digital currencies increase in adoption globally, this disruptive technology has caught the attention of federal institutions around the world, prompting the research and development of state-owned digital currencies. Stablecoins are widely accepted as the solution for sovereign virtual currencies due to their reliability, transparency, and opportunities for financial inclusivity.
AML Conversations: Cybersecurity Issues Challenging the AML World
John Byrne chats with Brian Szady, Founder of a threat mitigation firm Threatminder, on the various cybersecurity issues challenging the AML world, including ransomware, training staff and defining human as well as artificial intelligence.
AML Conversations: Antiquities Smuggling in the Real and Virtual 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 World, and Michael Loughnane about the pervasive nature of antiquities smuggling, the adverse impact it has around the world, and how it is being used to launder illicit funds.
How to prevent money laundering through real estate
Money laundering through real estate is one of the common methods for criminals to clean their money as they take advantage of large amounts of money exchanging hands, thus transforming illegitimate funds into a safe investment. According to FATF, real estate accounted for a third of criminal assets confiscated globally between 2011 and 2013.
Staying Compliant & the Money Laundering Red Flags to Watch
Banks and other financial service providers can be put under the microscope by the Federal Government and Regulatory Agencies in a multitude of ways and face punishment with fines and penalties. But this can be avoided with the right protocol and attitude towards AML laws and regulations.
How can Financial Institutions Combat Domestic Terrorism?
In June 2021, the US National Security Council published its strategy for countering domestic terrorism, following an increase in the number of terrorist incidents from American citizens with motives surrounding anti-Semitism, homophobia, Islamophobia, or racism. This led to a four-pillared approach to tackling the threat of domestic terrorism as well as the US Department of Justice forming a unit at the beginning of 2022 solely devoted to countering domestic extremism.
AML Voices: High Risk Customers: Are Your Customers Acting as Expected?
Our panel of experts discuss the importance of monitoring and assessing whether your customers are acting as they were expected to when onboarded and at the last time they were assessed for the risk they present to the company.
Russia Sanctions: Impact on Wire Transfer Processes
Our expert panel looks at how the various sanctions are impacting the wire transfer process.
AML Conversations: The Value of National Priorities
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 LLP to record this at the ACAMS Hollywood conference. John and Dan discuss the breadth and importance of the priorities, how to use them in future planning for your financial crime prevention program, and how the priorities may change the overall financial crime response regime.
