Machine Learning and Robotic Process Automation: the Next Steps in AML Technology

By Ruben Aguero Quinteros | October 25, 2019

AML Conversations: Melissa Leeds – Combating Wildlife Trafficking

By AML RightSource | October 22, 2019

The Heat is On*

By John Byrne | October 2, 2019

October Employee Spotlight: Coletun Long

By AML RightSource | October 1, 2019
We are very excited to highlight a staff member each month from our team of superb employees.

Understanding CTR Exemptions and their Practicality

By Mohamed Aziz | September 26, 2019
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. Financial Institutions (FI) file Currency Transaction Reports (CTRs) which enable law enforcement to monitor and investigate potentially suspicious activity. CTRs act as a paper trail for cash transactions, and are filled out by bank personnel for each deposit, withdrawal, currency exchange or other payment or transfer greater than $10,000 in currency. In turn, the Financial Crimes Enforcement Network (FinCEN), a branch of the U.S. Treasury, reviews and correlates the customer and transaction data, and maintains a database of all filings. Nearly 50 years ago, CTRs came into existence under the Bank Secrecy Act (BSA), which established program, recordkeeping, and reporting requirements for FIs. Since then, the CTR form has been modernized several times to streamline and simplify submission requirements, and an electronic filing requirement for all CTRs was instituted. Beginning in the 1990s, FinCEN sought to reduce unnecessary regulatory burdens on filers and eliminate items which are of limited value to law enforcement. To reduce information collection, criteria were established to exempt transactions by certain entities from CTR filings.

The Five Pillars of an AML Compliance Program

By Elliot Berman | September 16, 2019

September Employee Spotlight: Bill French

By AML RightSource | September 1, 2019
We are very excited to highlight a staff member each month from our team of superb employees.

Time?*

By John Byrne | August 28, 2019
4th Quarter of 2019—What will it take for useful action? As we approach the Labor Day weekend and the unofficial end to summer, the 2019 calendar turns to last opportunities for any successes that can be tied to this year. For the AML community, the standard calendar year doesn’t impact our work but it can dictate things such as legislation, regulation or sometimes policy. AML reform, for example, can still occur in 2020 since we are currently in the beginning of a two-year congressional session. Also, if there is a change in Administrations after the presidential election, some agency chairs will change, but not until early 2021, which could also include a shift in agency leadership and potential thematic or priority shifts.

Tools for Exchanging Value

By Elliot Berman | August 16, 2019

Podcasts

In this episode of AML Conversations, John sits down with Sara Crowe, Strategic Initiatives Director, Financial Systems for the Polaris Project. Sara...

In this episode of AML Conversations, John sits down with David Briggs,  CEO and Co-Founder of GeoGuard and GeoComply. Beyond IP, the role of...

Welcome to This Week in AML - the weekly podcast series hosted by AML RightSource staff for financial crimes professionals. Each week we will discuss...

In the second episode of our AML Conversations series with members of IRSCI, John Byrne sits down with Greg Monahan, IRS Supervisory Special Agent of...

Welcome to This Week in AML - the weekly podcast series hosted by AML RightSource staff for financial crimes professionals. Each week we will discuss...

In this episode of AML Conversations, John Byrne sits down with Steve Gurdak, Group Supervisory of the Northern Virginia Financial Initiative, to...

In this episode of AML Conversations, John Byrne sits down with Gary Shiffman, Founder and CEO of Giant Oak and professor at Georgetown University,...

Welcome back to another episode of AML Conversations. With the recent upgrade to the US evaluation by FATF because of  the 2018 CDD rule, there has...

In this episode of AML Conversations, John Byrne sits down with Amit Sharma, CEO of Finclusive to discuss the global problem of financial access from...

Marilu Jimenez of FINCAdvisors sits down with Andy Fernandez, partner at Holland & Knight and a leading expert in sanctions compliance. They discuss...

Press

To support company growth, AML RightSource recently designed and opened an office in Highland Hills, OH. The newly renovated 43,602 square foot space...

CLEVELAND, Ohio – February 10, 2020 – AML RightSource, a leading firm focused on fighting financial crime for its clients and the world, today...

AML RightSource, a leading firm solely focused on Anti-Money Laundering (AML)/Bank Secrecy Act (BSA) and financial crimes compliance solutions, today...

AML RightSource, a leading firm solely focused on Anti-Money Laundering (AML)/Bank Secrecy Act (BSA) and financial crimes compliance solutions, today...

Our Advisory Board member Rick Small, and AML RightSource Vice Chairman John Byrne have led a multi-year effort resulting in the “Consortium for...

AML RightSource is pleased to announce the formation of its Inaugural Advisory Board to convene semi-annually starting in the first quarter of 2019.

Company’s Expansion into New York State Will Create 100 jobs in Western New York

AML RightSource is pleased to announce Timothy White, CAMS has joined the company as Vice President of Business Development and Sanctions.

AML/BSA Compliance Veteran to Expand Company’s Financial Crimes and Compliance Operations

AML RightSource, national leader in anti-money laundering services and premier provider to the financial services sector, celebrates a period of...