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Disrupting the Financing of Domestic Terrorism
A recent essay on Lawfare caught John and Elliot’s attention. The authors reviewed the costs and funding sources of the January 6th insurrection and...
AML RightSource is the leading provider of AML/BSA and financial crimes co-sourcing solutions. With over 1000 AML/BSA professionals, AML RightSource assist clients in meeting their AML/BSA regulatory demands. The company’s current services include transaction monitoring, alert backlog management, enhanced due diligence reviews, fraud, and financial crimes advisory services. AML RightSource, a Clarion Capital Partners portfolio company, is headquartered in Cleveland, Ohio, and has additional facilities in Ohio, Arizona, New York, and Mississauga Canada.
7 min read
A recent essay on Lawfare caught John and Elliot’s attention. The authors reviewed the costs and funding sources of the January 6th insurrection and...
7 min read
The US Government Accountability Office (GAO) recently issued a report to Congress. The report focused on how the US Department of Justice is...
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The Wolfsberg Group, an association of 13 global banks, this week issued a guidance document on requests for information (RFI). The focus of the...
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The Federal Reserve has issued additional information for banking organizations about crypto-asset-related activities. It is contained in Supervisory...
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The US Department of Justice has announced that a federal grand jury has indicted representatives of Electronic Transactions Systems Corporation, a...
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John and Elliot chat about an interesting Op/Ed piece that appeared in The Washington Post this week. The author, an expert in international law,...
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The Financial Action Task Force (FATF) recently issued updated Guidance for a Risk-Based Approach to the Real Estate Sector. The updated guidance...
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FATF (the Financial Action Task Force) has issued a report: Partnering in the Fight Against Financial Crime – Data Protection, Technology and Private...
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The US House of Representatives is acting on proposed amendments to the National Defense Authorization Act, including the ENABLERS Act. John and...
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The presidency of the Financial Action Task Force has recently transferred to Singapore and the new president has issued the organizational...
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A bi-partisan group from the US Congress has attached the ENABLERS Act to the FY 2023 National Defense Authorization Act (NDAA). The ENABLERS Act...
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FinCEN has issued a Statement on Bank Secrecy Act Due Diligence for Independent ATM Owners or Operators, focusing on the analysis that financial...
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FinCEN has issued updated guidance on Elder Financial Exploitation (EFE). The new Advisory looks at the increasing volume of thefts and scams...
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This week the Department of Homeland Security issued a bulletin, updating its assessment of the terrorism threat to the US. In the bulletin DHS...
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Acting Comptroller of the Currency Michael Hsu recently spoke at the DC Blockchain Summit 2022 about the state of the virtual currency space. In his...
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This week, Congresswoman Maxine Waters, Chairwoman of the House Financial Services Committee sent a letter to President Biden about financial access...
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The Tax Justice Network has released its Financial Secrecy Index 2022. The Index “identifies the world’s biggest suppliers of financial secrecy” with...
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The UK has become a haven for rich Russians. The lax approach to regulation has allowed money laundering to flourish. Recent government action in...
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Homeland Security Investigations’ (HSI) Outreach Initiative – Cornerstone recently shared information about the rising level of organized retail...
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The International Consortium of Investigation Journalists (ICIJ) recently shared documents with The Irish Times about the Kinahan organized crime...
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The Financial Crimes Enforcement Network (FinCEN) recently issued guidance about kleptocracies and foreign corruption. The guidance includes insights...
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Treasury Secretary Janet Yellen spoke recently at American University about digital assets. The speech looked at the intersection of innovation,...
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This week The Washington Post and the International Consortium of Investigative Journalists (ICIJ) published another segment of the Pandora Papers....
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FinCEN has released new Suspicious Activity Report (SAR) data. The data set covers the full years 2014 through 2021. The information looks at SARs...
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This week the US Department of Justice indicated that it will begin directing prosecutors to “consider requiring” certification at the end of an...
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The Financial Action Task Force (FATF) has issued a 2nd Draft Guidance Paper for consideration and agreement to public consultation for the Real...
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This week FinCEN issued an alert directing US financial institutions to increase their vigilance in watching for efforts to evade Russian related...