This Week in AML

10 min read

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

AML RightSource: Jun 28, 2024

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

8 min read

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

AML RightSource: Jun 21, 2024

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

9 min read

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

AML RightSource: Jun 14, 2024

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

8 min read

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

AML RightSource: Jun 07, 2024

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

7 min read

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

AML RightSource: May 31, 2024

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

8 min read

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

AML RightSource: May 24, 2024

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

9 min read

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

AML RightSource: May 17, 2024

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...

8 min read

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

AML RightSource: May 10, 2024

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

8 min read

Infrastructure Security, Marijuana, Real Estate, and Much More

AML RightSource: May 03, 2024

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

8 min read

They Are Busy at Treasury, FinCEN, and BaFin

AML RightSource: Apr 26, 2024

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

8 min read

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

AML RightSource: Apr 19, 2024

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

9 min read

Lots to Discuss and Something Special to Note

AML RightSource: Apr 12, 2024

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

8 min read

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

AML RightSource: Apr 05, 2024

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

8 min read

International Corruption, FATF Upgrade, AI Cyber Risks, and More

AML RightSource: Mar 29, 2024

This week, the US Department of Justice filed a forfeiture action to seize New York apartments allegedly purchased with funds from a corruption...

8 min read

AML Partnership Forum, ICIJ, Homeland, and More

AML RightSource: Mar 22, 2024

John and Elliot are at the AML Partnership Forum this week. They review key themes from the meeting and discuss US Homeland Security’s Global Human...

7 min read

Intelligence Threat Assessment, New Sanctions Compliance Note, and More

AML RightSource: Mar 15, 2024

The Office of the Director of National Intelligence has issued its Annual Threat Assessment. The Departments of Commerce, Treasury, and Justice...

8 min read

A Challenging Decision, a Strong Message from the FCA, Risks in the Global Art Market, and Shell Companies

AML RightSource: Mar 08, 2024

There are many things to talk about this week. A US District Court issued an opinion disrupting the beneficial ownership registry. The UK Financial...

9 min read

The FATF Plenary, a Meeting in Puerto Rico, New Sanctions, and More

AML RightSource: Mar 01, 2024

John and Elliot discuss the outcomes from the FATF Plenary, new sanctions issued against Russia, the results of the Puerto Rican Bankers’ AML Forum,...

8 min read

The EU, Sanctions, the UN, FinCEN, and More

AML RightSource: Feb 23, 2024

This week, the EU published the text of its new AML Regulation and Directive, FinCEN issued guidance on the beneficial ownership registry access...

8 min read

Investment Advisors BSA Proposal and More

AML RightSource: Feb 16, 2024

FinCEN issued a Notice of Proposed Rulemaking on giving investment advisors reporting and recordkeeping obligations under the BSA this week. FinCEN...

8 min read

2024 National Risk Assessments and a Real Estate Reporting Proposal

AML RightSource: Feb 09, 2024

This week, there are several important items from the US Treasury. It issued its 2024 risk assessments for money laundering, terrorist financing, and

8 min read

The Corruption Perception Index for 2023 and More

AML RightSource: Feb 02, 2024

This week, Transparency International released its Corruption Perception Index for 2023. John and Elliot discuss the Index and several other items...

8 min read

Disinformation, Public Integrity, Foreign Investment, and More

AML RightSource: Jan 26, 2024

This week, George Mason University published a report about Anti-Muslim Discrimination and Information Manipulation, the Basel Institute on...

6 min read

Lots of Reports this Week

AML RightSource: Jan 19, 2024

This week Nasdaq issued its 2024 Global Financial Crime Report, the UN Office of Drugs and Crime released a report on casinos, underground banking,...

7 min read

A Very Busy Week

AML RightSource: Jan 12, 2024

This week, several interesting reports were released. Eurasia Group issued its Top Risks 2024, Human Security Collective published The Future of FATF...

7 min read

Happy New Year and Welcome to 2024

AML RightSource: Jan 05, 2024

This week, the US Beneficial Ownership Registry went live, Senator Menendez was charged with additional allegations, export enforcement is back in...

9 min read

Beneficial Ownership Compliance for Small Businesses (Archive Edition)

AML RightSource: Dec 29, 2023

This episode originally aired on September 22, 2023

The Financial Crimes Enforcement Network (FinCEN) has published a Small Entity Compliance Guide...