This Week in AML

 

PODCAST

9 min read

Program Rule Comment Letter, DOJ Compliance Guidelines, Corruption Update, and FBI Crime Data Explorer

This week, John and Elliot discuss a program rule comment letter from The Wolfsberg Group, new guidance on corporate compliance programs from the US...

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8 min read

Sanctions Evasion, FCA on Fraud, FATF on India, and Illegal Prigozhin Payments

This week, John and Elliot discuss a release from the G7 on preventing the evasion of Russian sanctions and export controls, reported payments for...

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10 min read

An Australian Casino, Crypto ATMs in the UK, ML with Art for Russia, and New Proposed BaaS Regulations

This week, Elliot and Joe McNamara discuss new proposed FDIC regulations regarding recordkeeping for custodial deposit accounts, supervision of...

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10 min read

New Terrorism Indictments, Cryptocurrency Fraud Report, FinCEN on Check Fraud, and Bitcoin ATMs

This week, John and Elliot discuss several federal indictments relating to terrorism announced by the DOJ, a Financial Trend Analysis on mail theft...

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7 min read

Chinese Influence in NY, Covid Fraud, Maduro’s Plane, and Healthcare Corruption

This week, John and Elliot discuss the arrest of a senior aide to several NY governors for violations of the Foreign Agents Registrations Act and...

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9 min read

FinCEN Real Estate and Investment Advisor Rules and Gift Card Fraud

This week, John and Elliot discuss FinCEN’s new final rules for reporting on residential real estate transactions and the program requirement for...

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9 min read

UK Strategic Assessment, Lots of Corruption, AI-Enabled Fraud, and More

This week, John and Elliot discuss the National Strategic Assessment for 2024 for the UK, George Santos's plea, the latest edition of the...

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10 min read

Cybersecurity, Sanctions, and Regulatory Developments

In this week's episode, the discussion centers on cybersecurity risks linked to foreign interference in U.S. elections, the impact of Russian money...

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7 min read

Wildlife Trafficking, Payment Fraud in the EU, Fentanyl in Canada, and Much More

This week, the US State Department issued a report on wildlife trafficking, The European Central Bank published a report on payment fraud, and Health...

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10 min read

GAO Report on Scams, FinCEN Says More on BOI, OCC Speaks on De-risking, and More

This week, the GAO issued a report on payment scams, the OCC responded to a letter from members of Congress about the actions of some state...

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9 min read

Foreign Investment in the US, Fentanyl Sanctions, Europol Report on Trafficking, and Much More

John and Elliot discuss several developments impacting the financial crime community this week. These include a report on foreign investment in the...

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7 min read

Crypto ATMs, a Senator Convicted, AUSTRAC Report, Timeshare Fraud, New Red Flags, and More

John and Elliot discuss several developments impacting the financial crime community this week. These include an OCCRP article on crypto ATMs,...

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10 min read

FATF on Gatekeepers, IRS on Scams, Pacific Banking Forum, and More

John and Elliot discuss several developments impacting the financial crime community this week. These include FATF’s Horizontal Review of...

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10 min read

FATF June Plenary, Wolfsberg Group, FinCEN Proposed Rule, and More

This week, John and Elliot discuss several developments impacting the financial crime community. These include the results of the recent FATF...

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10 min read

Trafficking in Persons, EU Sanctions, a FATF Rethink, Iran Shadow Banking System, and More

This week, the US State Department issued its 2024 Trafficking Persons Report, the EU imposed additional sanctions against Russia, the OCCRP shared...

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8 min read

Repatriated Funds, Banking as a Service, Elder Financial Abuse, and More

This week, the US Department of Justice made two announcements about repatriating funds seized from criminal actors. The Federal Reserve issued a...

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9 min read

DOJ on Human Trafficking, The Egmont Group, FinCEN’s 2023 Year in Review, an RFI on AI, and More

This week, the US Department of Justice issued a fact sheet on its Initiative to Combat Transnational Human Smuggling and Trafficking Networks. The...

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8 min read

Europol & Money Mules, Treasury & NFTs, the EU’s New Rules, and More

This week, Europol announced a successful crackdown on money mule service providers. The BASEL Institute for Governance released a paper on informal...

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7 min read

Basel on Corruption, Help for Small Businesses in Cuba, the Vatican Improves, and More

This week, the Basel Institute on Governance published its 2023 Annual Report, OFAC published regulatory changes about Cuba, and MONEYVAL’s issued an...

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8 min read

US Illicit Finance Strategy, FinCEN Fentanyl Exchange, Old Fashioned Structuring, and More

John and Elliot discuss the 2024 National Illicit Finance Strategy, FinCEN’s new Exchange series to fight fentanyl trafficking, the second stage...

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9 min read

Wildlife Trafficking, Canadian Crypto ATMs, Dubai Real Estate, AI in the US, and More

This week, John and Elliot discuss a new report from the OCCRP about global bad actors using Dubai real estate, the World Wildlife Crime Report from...

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8 min read

Charged Corruption, FinCEN Speech, the Value of Sanctions, 3rd Party Risk Management, and More

John and Elliot discuss several recent announcements and actions significant to the financial crime prevention community this week. These include the...

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8 min read

Infrastructure Security, Marijuana, Real Estate, and Much More

This week, the White House released a new National Security Memorandum on Critical Infrastructure Security and Resilience. The Attorney General...

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8 min read

They Are Busy at Treasury, FinCEN, and BaFin

This week, John and Elliot discuss several items issued by FinCEN, including elder financial abuse and environmental crime, Treasury Undersecretary...

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8 min read

Counterfeit US Passport Cards, Money Laundering Through FanDuel Accounts, Less Risk Management, and More

FinCEN issued a Notice about fraud schemes using counterfeit US passport cards this week. The FBI uncovered a complex money laundering strategy using...

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9 min read

Lots to Discuss and Something Special to Note

This week, John and Elliot discuss Treasury testimony in the US Senate Banking Committee, Treasury’s updated cybersecurity MOU with Ukraine, a DOJ...

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8 min read

FinCEN, FATF, the British Museum, Export Controls, and More

This week, the US Department of Commerce issued a report about investigations of export control and antiboycott violations. FATF published...

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