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This Week in AML

 

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5 min read

FinCEN Director Outlines Transformations in AML Compliance

This week FinCEN’s Acting Director, Him Das, delivered remarks at the ABA/ABA Financial Crimes Enforcement Conference. In the speech, he spoke about...

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6 min read

1/6/22 – Where Do We Go From Here?

This week was the 1st anniversary of the insurrection at the US Capitol. John and Elliot focus their conversation on what the financial crime...

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5 min read

Billions are Hidden in US Real Estate (Archive Edition)

This episode originally aired on October 15th, 2021. 

In August 2021, Global Financial Integrity published Acres of Money Laundering – Why U.S. Real...

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4 min read

FATF: Review of Standards on Virtual Assets and Providers (Archive Edition)

The FATF has issued it’s second 12-month review of its revised standards for virtual assets and virtual asset providers. John Byrne, Executive Vice...

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6 min read

FinCEN Seeks Comments on the Entire BSA

This week FinCEN issued an Request for Information and Comment (RFI) on a Review of Bank Secrecy Act Regulations and Guidance. The RFI asks for...

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6 min read

FinCEN Issues Several Proposals on Which You should Comment

This week FinCEN issued an Advance Notice of Proposed Rulemaking (ANPRM) on Anti-Money Laundering Regulations for Real Estate Transactions and a ...

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4 min read

Banking Agencies Looking at Impact of Crypto-Assets

Last week the Federal Reserve, Federal Deposit Insurance Corporation and Office of the Comptroller of the Currency issued a Joint Statement on...

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6 min read

Pandora Papers: Global and Local Financial Secrets (Archive Edition)

This episode previously aired October, 8th 2021.

The International Consortium of Investigative Journalists (ICIJ), The Washington Post and many other...

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5 min read

IRS-Criminal Investigation 2021 Annual Report

This week the IRS published the IRS-Criminal Investigation (IRS-CI) Fiscal Year 2021 Annual Report. IRS-CI is the criminal investigative arm of the...

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5 min read

Your Sanctions Program is a Key Compliance Issue

The Office of Foreign Assets Control of the United States Department of the Treasury (“OFAC”), the New York State Department of Financial Services,...

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5 min read

Interpol Looks At Cultural Property Crime

INTERPOL has released its latest survey of member countries – Assessing Crimes Against Cultural Property 2020. The report discusses the INTERPOL...

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4 min read

Latest FATF Plenary; October 2021

The Financial Action Task Force held its most recent Plenary last week. The delegates completed work on a number key initiatives – updated guidance...

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4 min read

Aiming for Improving Tax Fairness

The Biden Administration and the Treasury Department have unveiled a proposal to improve tax fairness and compliance. The proposal seeks to enhance...

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4 min read

Billions are Hidden in US Real Estate

In August 2021, Global Financial Integrity published Acres of Money Laundering – Why U.S. Real Estate is a Kleptocrat’s Dream. The report compares...

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5 min read

Pandora Papers: Global and Local Financial Secrets

The International Consortium of Investigative Journalists (ICIJ), The Washington Post and many other news organizations around the world have...

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4 min read

Suspicious Activity Beyond the SAR

This week the Department of Homeland Security added an item to its website entitled “if you see something, say something.” The item discusses how...

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4 min read

Regulation of Antiquities – The ANPRM

This week FinCEN published an Advance Notice of Proposed Rulemaking regarding anti-money laundering regulations for the trade in antiquities. John...

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4 min read

Basel: Money Laundering and Terrorist Financing Risk

This week the Basel Institute on Governance published its 10th AML Index. The Index looks at activities by 112 countries to effectively operate...

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4 min read

Some Thoughts on 9/11

This week is the 20th anniversary of 9/11. The events of that day impacted many lives and changed how people view the world and the threats in it. It...

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4 min read

FATF: Mutual Evaluation Report – Japan

This week FATF issued a Mutual Evaluation Report for Japan. John and Elliot discuss the findings in the report, the report process, and the focus of...

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4 min read

Cybersecurity: A Global Challenge

This week saw a White House summit on cybersecurity making clear the connection between cybersecurity and national security. John and Elliot discuss...

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4 min read

Afghanistan - From Bad to Worse

This week saw the rapid fall of the Afghan government to the Taliban. John and Elliot discuss the collateral damage from this sudden change,...

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4 min read

A Busy Week in Virtual Currency

This week saw virtual currencies be the focus in many venues. John and Elliot discuss statements from the head of the SEC and the fine levied against...

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3 min read

New Cuban Sanctions

This week, Tim White and John Byrne discuss the recently imposed sanctions on Cuban officials by the Biden Administration 

 

 

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3 min read

The Risks of Central Bank Digital Currencies

This week at a hearing of a subcommittee of the House Banking Committee the risks related to central bank digital currencies. John and Elliot discuss...

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4 min read

The Nexus of Narcotics Trafficking and Dirty Money

This week the US Senate Caucus on International Narcotics Control held hearing on the federal response to the drug overdose epidemic. John and Elliot...

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