FATF: A New Look at the Global Network Assessment Process
In this installment of AML Voices, John Byrne, Vice Chairman, Sarah Runge from Credit Suisse and Chip Poncy from K2 FIN discuss the Financial Action Task Force’s (FATF) changes to its Global Network Assessment Process and how the addition of effectiveness to the process will impact you BSA/AML compliance program.
The Antiquities Coalition Financial Crimes Task Force: What will the recommendations mean to the Art Industry?
The Antiquities Coalition’s Financial Crimes Task Force has issued its report about the use of art to launder money and pay for illegal activity. In this installment of AML Voices, members of the Task Force discuss what the recommendations will mean for the US art market and what actions participants in the market may need to take if the recommendations become law. The US art market represents $28.3 billion of commerce that has no anti-money laundering regulations. The Task Force is composed of members from the art, financial, and legal communities, and includes former law enforcement and government officials. You can read the Task Force Report here.
FATF: Focus on Virtual Assets and "Stablecoins"
In this installment of AML Voices, John Byrne, Vice Chairman, Sarah Runge from Credit Suisse and Chip Poncy from K2 FIN discuss the Financial Action Task Force’s (FATF) focus on virtual assets and “stablecoins” and how this will impact your BSA/AML compliance program.
FATF: Priorities Looking Forward
In this installment of AML Voices, John Byrne, Vice Chairman, Sarah Runge from Credit Suisse and Chip Poncy from K2 FIN discuss the Financial Action Task Force’s (FATF) priorities for the next two years and how they will impact your BSA/AML compliance program.
How to Get to Residual Risk
In this installment of AML Voices, Chuck Taylor, head of Financial Crimes Advisory and Tim White, Director of Sanctions at AML RightSource are joined by Chris Bagnall from Fifth Third Bank, to discuss how to identify residual risk when preparing an OFAC risk assessment.
How to Put Together Your OFAC Risk Assessment
In this installment of AML Voices, Chuck Taylor, Head of Financial Crimes Advisory and Tim White, Director of Sanctions at AML RightSource are joined by Chris Bagnall from Fifth Third Bank, to discuss the actions to take in preparing and updating a risk assessment of your sanctions compliance program.
How to Gather Data for Your OFAC Risk Assessment
In this installment of AML Voices, Chuck Taylor, Head of Financial Crimes Advisory and Tim White, Director of Sanctions at AML RightSource are joined by Chris Bagnall from Fifth Third Bank, to discuss how to select and gather data for a risk assessment of your sanctions compliance program.
Frauds and SARs Relating to the CARES Act
In this installment of AML Voices, Elliot Berman, Creative Director at AML RightSource is joined by Lauren Kohr, from Old Dominion National Bank, and Jill Adams and Jim Barnacle from the FBI, to discuss frauds perpetrated under the CARES Act. They consider various schemes, how financial services companies can detect them, and how FIs should report the scams on the SAR form.
COVID-19 Frauds Targeting FI Customers
In this installment of AML Voices, Elliot Berman, Creative Director at AML RightSource is joined by Lauren Kohr, from Old Dominion National Bank, and Jill Adams and Jim Barnacle from the FBI to take up the frauds targeted at financial services company customers. They discuss the various schemes and what FIs can do to alert and assist their clients.
