AML Conversations: Iranian Sanctions – Tim White
In this edition of AML Conversations, we’re looking at the economic sanctions imposed on Iran. The US Government has used economic sanctions for over 200 years to exert pressure on foreign countries and others to implement its foreign policies. In recent times, the US has used sanctions against numerous foreign governments, including Iran, North Korea and Venezuela.
AML Conversations: James W. Foley Foundation
In this edition of AML Conversations, John Byrne sits down with Thomas Durkin, the Education Program Director of the James W. Foley Legacy Foundation. Tom takes you through an emotional discussion of the impact his friend and photojournalist, Jim Foley, has had on hostage advocacy and the security needs of journalists everywhere. In 2014, Jim was captured and later murdered by ISIS. Jim’s death prompted the creation of the Foundation whose vision is that all American hostages will return home and conflict journalists who bring truth to light, like Jim, will be protected.
A Crisis that is Anything but Synthetic
The Problems Caused by Fentanyl and Other Synthetic Opioids, and What the AML Community Can Do to Help In the early nineteenth century, opium addiction was such a problem in China that the government threatened the death penalty for anyone caught smuggling the drug. The British Empire – which produced vast quantities of opium in their colony India and were hooked on the revenue from Chinese consumers – declared war on China1. After nearly three years of fighting, China ceded Hong Kong to the Brits, the repercussions of which are still being felt today.
Confidential means CONFIDENTIAL!
This post is part of our occasional series on AML program fundamentals which focuses on refreshing foundational knowledge for experienced members of the AML community and providing an introduction to key topics for those new to the subject.
Will 2020 bring true AML Reform?
“For what it’s worth,[1]” corruption is the key.
January Employee Spotlight: Amy Petric
We are very excited to highlight a staff member each month from our team of superb employees. AML RightSource January Employee Spotlight: meet Amy Petric!
AML Conversations: Steve Cohen – Basis Technology
In this edition of AML Conversations, Elliot Berman, Marketing Advisor at AML RightSource sits down with Steven Cohen, Executive Vice President, Chief Operating Officer and Co-Founder of Basis Technology. The company is engineering a safer & more productive world by building proven Artificial Intelligence solutions for analyzing text, connecting data silos, and discovering digital evidence. The conversation focuses on how various elements of AI are influencing the effectiveness of transaction monitoring in the financial services space and what AML compliance professionals need to know about AI as it plays an increasing role in our interdiction activities.
Combating Human Trafficking from the Financial Side
AML RightSource was honored to participate in last month’s celebration of the 10th Anniversary of the award-winning Southern California ACAMS Chapter. More importantly, the event raised money and additional essential awareness of the need for the AML community to continue to combat the horrors of human trafficking.
Triangle Fraud: A Crime with Triple the Number of Victims
Triangle fraud involves a unique twist on the sale of stolen goods. This fraud gets its name from the crime resulting in three different parties falling victims to the scheme: a cardholder, a merchant, and a buyer. The maneuver is made deliberately complex to obscure the criminal’s identity and make it difficult to follow the flow of funds. To understand why triangle fraud exists, one must think like a criminal. Tangible goods purchased online must get shipped to a physical location where someone has to retrieve the merchandise. The inherent risk for theft is being caught as the receiver of stolen property. Criminals attempt to sidestep this issue by shipping stolen goods to a third party.
