This Week in AML

 

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This Week in AML Banner with Speaker

8 min read

Making Russia Sanctions More Effective

Sanctions against Russia have been a meaningful part of the support for Ukraine by the United States and the European Union. A significant challenge...

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This Week in AML Banner with Speaker

7 min read

The Wolfsberg Group Updates its Guidance on Anti-Bribery & Corruption

The Wolfsberg Group has published updated Anti-Bribery and Corruption Compliance Programs guidance. John and Elliot discuss critical elements of the...

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This Week in AML Banner with Speaker

7 min read

Illegal Uses of the Art and Antiquities Markets

UBS and Art Basel recently issued their report, The Art Market 2023. The report includes a discussion of the concerns about the compliance burdens of...

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This Week in AML Banner

8 min read

Lots to Talk About this Week

Another very busy week in financial crime prevention. John and Elliot discuss several items, including new sanctions, a letter from the House and...

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This Week in AML

7 min read

One More Busy Week in Financial Crime Compliance

This week the White House hosted the second Summit for Democracy, focusing on reducing corruption and illicit finance. Treasury Secretary Janet...

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This Week in AML

7 min read

Where Do Artifacts in Museums Belong?

The International Consortium of Investigative Journalists (ICIJ) has published a story about artifacts in the Metropolitan Museum of Art catalog...

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This Week in AML

7 min read

Another Busy Week in Financial Crime Compliance

This week the US Department of Justice announced an indictment against seven individuals for a $100 million stolen identity refund scheme. The Office...

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This Week in AML

7 min read

DOJ's Updated Corporate Enforcement Policy

The US Department of Justice has updated its Corporate Enforcement Policy for criminal activity. John and Elliot discuss some aspects of the...

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This Week in AML

7 min read

A Plenary and a New Report – Much to Discuss

The Financial Action Task Force (FATF) held a plenary last week. FATF also issued a report on Money Laundering and Terrorist Financing in the Art and...

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This Week in AML

6 min read

Sanctions Supporting Ukraine – One Year In

It has been a year since the Russian invasion of Ukraine. One of the immediate responses to Russia’s action was an ongoing coordinated effort by the...

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This Week in AML

8 min read

A Busy Week in Financial Crime Compliance

John and Elliot discuss several items this week, including a posting by the International Consortium of Investigative Journalists (ICIJ), a comment...

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This Week in AML

7 min read

2022 Corruption Perceptions Index Released – Things are Still Not Improving

This week Transparency International released its 2022 Corruption Perceptions Index (CPI). The CPI uses a number of criteria to evaluate the status...

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This Week in AML

8 min read

What Do a Retired FBI Agent and Real Estate Have in Common?

This week a retired senior FBI agent Charles McGonigal was arrested on charges of money laundering and violating US sanctions. Also this week, the...

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This Week in AML

8 min read

Human Smuggling Along the US Southwest Boarder – A FinCEN Alert

The Financial Crimes Enforcement Network (FinCEN) issued an alert focused on human smuggling along the southwest board of the US. John and Elliot...

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This Week in AML

6 min read

Eurasia Group’s Top Risks for 2023

The Eurasia Group, a consultancy focusing on political risk, has published its Top Risks - 2023. John and Elliot look at the purpose of the report...

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7 min read

US Banking Agencies Increase Their Focus on Crypto-Assets

The primary US bank regulators - the Federal Reserve, FDIC, and OCC - issued a joint statement on crypto-asset risks to banking organizations. The...

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7 min read

FATF Updates its Guidance on the Real Estate Sector (Archive Edition)

This episode originally aired on July 29, 2022. 

The Financial Action Task Force (FATF) recently issued updated Guidance for a Risk-Based Approach to...

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7 min read

Basel AML Index 2022 – Moving Backward (Archive Edition)

This episode originally aired on October 7, 2022. 

This week, the Basel Institute on Governance published its 2022 AML Index. The index assesses...

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6 min read

Danske Bank – Why Correspondent Banking Can Be High Risk

The US Department of Justice and the Securities and Exchange Commission have announced a resolution of charges against Danske Bank. The Bank pled...

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7 min read

National Security and Homeland Security

It has been a busy week for US government pronouncements on national security and terrorism. The Secretary of the Department of Homeland Security...

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7 min read

The Impact of Corruption on Democracy

 The White House has published a Fact Sheet: Summit for Democracy: Progress in the Year of Action. It discusses activities taken since the first...

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7 min read

FinCEN’s New Advisory on Elder Financial Exploitation (Archive Edition)

This episode originally aired on June 17, 2022. 

FinCEN has issued updated guidance on Elder Financial Exploitation (EFE). The new Advisory looks at...

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5 min read

New Sanctions on Internet Suppliers of Fentanyl

The US Treasury and its Office of Foreign Assets Control (OFAC) have announced new sanctions against a number of individuals and entities involved in...

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6 min read

FinCEN Updates its Analysis of Ransomware Trends for Late 2021

The Financial Crime Enforcement Network (FinCEN) has issued its Ransomware Trendsfor the second half of 2021. John and Elliot look at the process...

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8 min read

Nonprofits Experience Significant Difficulties Transferring Funds for Humanitarian Activities

The Center for Strategic and International Studies has released a report on Mitigating Financial Access Challenges. The report focuses on ways to...

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