AML Voices: Should the Real Estate and Private Equity Sectors be Covered by the BSA?
Many organizations, including FATF and FinCEN have discussed the value of requiring the real estate sector to have some AML responsibilities. This idea has also been floated for investment advisors and the private equity sector. Our panel of experts discuss how these ideas may come to pass, why they make sense, and what those responsibilities may look like.
AML Voices: KYC – Anatomy of a Site Visit
Our panel of experts discuss the elements of an effective site visit. They look at how to prepare for the visit and what to do and look for when you get there.
AML Voices: How Should Gatekeeper Activities be Covered by the BSA?
The ENABLERS Act is making its way through the US Congress. Our panel of experts discuss what activities are covered in the current bill, the implications of the bill for individuals and organization engaged in gatekeeper activities, and how the Act could increase transparency and reduce corruption.
AML Conversations: Chief Security Officers need to be more proactive on issues of national security
Mark Freedman, CEO / Founder of Rebel Global Security and former Chief of Section in the Counter-Terrorism Bureau at the US State Department discusses the need for Chief Security Officers to be more proactive on issues of national security including cyber, terrorism, and other issues related to financial crime.
AML Voices: KYC – Determining Beneficial Ownership
Our panel of experts discuss the challenges to determining beneficial ownership in the KYC process. They look at how the 1st and 2nd lines of defense need to work together to reach reasonable conclusion in this difficult area.
AML Conversations: A discussion with Guy Ficco, the newly appointed Deputy Chief of IRS-CI
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 importance of private-public partnership, and the facts about new IRS resources.
AML Conversations: A Discussion With John M. Geiringer About His Newly Published Book
John Byrne chats with John M. Geiringer, of Barack Ferrazzano Financial Institutions Group, about the new book he edited and co-authored, Countering the Financing of Terrorism: Law and Policy, by the American Bar Association. Save 20% on Countering the Financing of Terrorism: Law and Policy (americanbar.org) To order, click on the link and enter the discount code: CFTLP20 at checkout to save. Discount ends December 31, 2022
AML Voices: The Coming US Beneficial Ownership Registry
A key provision of the US Anti-Money Laundering Act of 2020 requires deploying a beneficial ownership registry. Our panel of experts discuss what the registry may look like, what challenges are faced in building an effective registry, and who will have access to it.
AML Conversations: A Look into the IRS with Former Head of IRS CI
There have been outrageous comments made by “policymakers” about the IRS since the passage of the Inflation Reduction Act. AMLRS Chairman of the Advisory Board John Byrne talked to former IRSCI Chief Don Fort about the facts regarding the IRA funding, the mission of IRSCI, and the impact misinformation is having on staff. Here’s a taster of some of the questions discussed: Question: There have been questions and a lot of information (misinformation) out there about the substantial funding the IRS is going to get as part of the Inflation Reduction Act, $80B over 10 years. For example, “87,000 armed agents” is being repeated in the media. Remind us of the important work IRS-CI does Explain the facts around “87,000 armed agents?” Question: What’s your take of these statements in the media? Question: What’s the real-life impact to those working for IRS-CI from these types of comments? Question: IRS-CI works more than just tax cases - are there examples of cases that IRS-CI works that have broad national and international importance? Question: How will the IRS use this funding?
