Are All Charities High Risk Customers?
Are all charities high risk customers? This is an important question when thinking about de-risking and access to financial services.
Why is De-risking a Problem?
In this installment of AML Voices, John Byrne, AML RightSource Executive Vice President, Andrea Hall, Policy Counsel at the Charity & Security Network and Rick Small, Executive Vice President, Director Financial Crimes at Truist Bank examine de-risking; they discuss why the process presents significant problems for NGOs and non-profit organizations which collect funds in the US to support their work in conflict zones around the globe.
The Antiquities Coalition Financial Crimes Task Force: What Do the Recomendations mean for Various Stakeholders?
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 Financial Institutions, Museums, Law Enforcement, and other Stakeholders. You can read the Task Force Report here.
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.
