How Financial Institutions Can Combat Growing Tax-Prep Fraud

By Kristina Melomed | February 13, 2019
Tax return preparer fraud is an area of increasing concern for the Internal Revenue Service (IRS). The IRS defines tax return preparer fraud as the preparation and filing of false income tax returns containing inflated personal or business expenses, false deductions, unpermitted credits, or excessive exemptions. Unscrupulous preparers may either steal the refund outright, charge a fee based on a percentage of the refund, or collude with the taxpayer to split the proceeds.

A Guide to the State of the 2019 AML Industry

By AML RightSource | February 11, 2019
For people working in a community that changes as regularly as AML and financial crimes prevention, it can be challenging to find the time to reflect on bigger-picture trends. As criminals find increasingly more inventive ways to launder money and commit other financial misdeeds, compliance officers are required to adapt quickly to find new ways of detecting and preventing these crimes. That doesn’t leave a lot of time for deep thought on the state of the industry as a whole.

Chuck Taylor Adds Proven Industry Expertise to AML RightSource

By Frank Ewing | February 7, 2019
When you build a team, any team, whether for sports, elections, or the executive suite, you begin by creating a dream team in your mind. You have a vision of each key player — his or her background, skill set, and expertise. While you aim for the whole package, you know that you’ll have to make a few compromises. You’ll have to trade a little less of one skill for a little more of another.

February Employee Spotlight: Paul Iya

By AML RightSource | February 4, 2019
We are very excited to highlight a staff member each month from our team of superb employees. AML RightSource February Employee Spotlight: meet Paul Iya! Mr. Iya is an Associate Manager in the AML RightSource Cleveland office with over five years of experience in the legal and anti-money laundering sectors. He is a Certified Anti-Money Laundering Specialist (CAMS), and is well-versed in industry policies and best practices. Prior to joining AML RightSource, his practice areas included white collar and general criminal defense, business and commercial litigation, and professional discipline and licensing. Paul is a licensed attorney in the state of New York.

How to Prepare Your Company for Annual AML Exams

By AML RightSource | February 1, 2019
When AML compliance exams come up in conversation among financial institutions, the most common word we hear is “inconsistent.” Financial leaders would like more certainty among the various regulatory bodies, including on their interpretation and enforcement of AML laws.

Beginnings*

By John Byrne | January 30, 2019
Beginnings* Only just a start Congress starts on a bipartisan basis There have been a few posts and stories (to say the least) about how the change in power in the US congress in 2019 can impact the financial community. With the potential for investigations on everything from consumer abuse to compliance deficiencies and any other scandals, the AML community ignores the legislative branch at their peril. For several previous sessions, it was easy to avoid focusing in what were only occasional hearings but, frankly, very political and in some cases, one sided.

Why I Joined AML RightSource

By Chuck Taylor | January 28, 2019
As an AML professional with any sort of tenure, contact from recruiters becomes common place.  It’s a nice problem to have but one that most of us try to kindly deflect.  When I was contacted by a recruiter representing AML RightSource I was curious as it was not the normal type of firm that seeks me out.  As a client I knew that AML RightSource was great at what they do, but their business model didn’t seem to fit my skill set.  I met the recruiter and she told me she was filling a vacancy for Head of the Financial Crimes Advisory Practice.  My initial reaction was to laugh as I thought she had the wrong person.  I’m a practitioner not a consultant and the idea seemed overwhelming and completely out of my comfort zone.

Power in Numbers — CEO Frank Ewing's Thoughts on AML/BSA in 2019

By Frank Ewing | January 24, 2019
As I was watching football last weekend, and specifically the New Orleans Saints versus the Los Angeles Rams, I was taken by the impact of the Saint’s crowd. The noise inside the stadium seemed deafening and raucous. The fans were passionate. The home team was energized. And then there were the Rams, visibly shook and committing several penalties and mistakes as a result of the crowd noise. Think about that – a group of well-trained, seasoned athletes in the biggest game of their lives, knocked totally off-balance by 70,000 fans who weren’t even on the field. Power in numbers, indeed.

Chuck Taylor: New Executive VP and Head of Financial Crimes Advisory

By Alex Even | January 22, 2019
AML/BSA Compliance Veteran to Expand Company’s Financial Crimes and Compliance Operations

AML Conversations

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...

Asset Forfeiture Global Expert Stef Cassella returns to AML Conversations to discuss civil and criminal forfeiture. He explains how it's used, common...

Kit Conklin, VP at Kharon and a Senior Fellow at the Atlantic Council discusses the recent “joint alert” between the Financial Crimes Enforcement...

John discusses with Kent Belasco, the Director of Marquette University’s Commercial Banking Program, a recent project with a microfinance...

Alan Ketley, the new Executive Secretary of the Wolfsberg Group discusses the mission of the group, their focus on a variety of AML related topics:...

Press

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...

CLEVELAND (March 7, 2022) — AML RightSource (“AMLRS”), the leading firm focused on fighting financial crime for clients and the world, is pleased to...

AML RightSource (“AMLRS”), the leading firm focused on fighting financial crime for clients and the world, is pleased to announce that Nicholas...