AML Voices: What is Going on in Transaction Monitoring Systems?
Our expert panel discusses the purposes of suspicious transaction monitoring, what output is generated by the systems, how they can be improved, and how to reduce the large volume of false positives. They also look at how to use risk analysis to determine which alerts should be the focus of investigations.
AML Conversations: Ken Harvey Joins the AMLRS Board
Advisory Board Chair John Byrne sits down with Ken Harvey to discuss his joining the Board. They chat about Ken’s long career in financial service technology, the impact of technology development on customer interactions and financial crime compliance, and the continuing expansion of transaction volumes. They also talk about how regulators are fostering innovation and supporting the deployment of emerging technologies.
AML Voices: Human Trafficking: Red Flags
Our expert panel discusses how to take ongoing research on human trafficking and convert it to actionable changes to your investigations to help detect trafficking. They talk about the importance of understanding the high concentration prostitution areas in the geographies in which your company operates, pointing out that this is not always in the poorest parts of a city and can be in high-end vacation areas. They also identify additional patterns of activity beyond hotels, including restaurant use and ride-share use.
AML Voices: Human Trafficking: The Risk Profile of the Hospitality Sector
Our expert panel discusses interconnection of the hospitality sector and human trafficking. They look at the discrepancy between what the hospitality sectors says it is doing to combat trafficking and what is happening. They also identify hot spots for trafficking through hotels and motels and look at the increasing anonymization of the reservation and payment processes in the sector.
AML Conversations: FATF Guidance on Risk-Based Approach to Virtual Assets and Providers
John Byrne sits down with Jeffrey Albert of Pryor Cashman LLP and Ari Redbord of TRM Labs to discuss the latest guidance from the Financial Action Task Force about a risk-based approach to virtual assets and virtual asset service providers. They discuss the importance of the definitions in the guidelines, how the proliferation of virtual assets is impacting the risk landscape, and how the guidance will impact participants in the virtual asset space. Read this article Ari Redbord recently published for further information on crypto compliance - https://www.acamstoday.org/crypto-compliance-2021-an-excellent-adventure/.
AML Voices: SARs – Including the Evidence
Our expert panel discusses some of the subtle elements of information to be included in the Suspicious Activity Report narratives. They look at how certain types of data are particularly valuable for law enforcement investigations.
AML Voices: Human Trafficking: What Happened in 2021?
Our expert panel discusses key developments in 2021 in the fight against human trafficking. They look at US government initiatives in the space, including the use of economic sanctions, support for victims, and the impact of virtual currencies on trafficking, among other changes.
