AML Conversations

This week, Vice Chairman John Byrne, and Creative Director Elliot Berman of the AML RightSource staff discuss the latest actions in Congress to pass sweeping reform to the AML infrastructure.

This week, Vice Chairman John Byrne, and Creative Director Elliot Berman of the AML RightSource staff discuss two actions from the EU. The decision by European High Court to restrict storage of personal information of EU citizens on servers in the United States and the recommendation by the European Commission that Member States do not grant financial support to companies with links to countries on the EU's list of non-cooperative tax jurisdictions. Both of these actions will impact the financial crime compliance community in the US.

This week, Vice Chairman John Byrne, and Creative Director Elliot Berman of the AML RightSource staff discuss the US Supreme Court decision in Trump v. Mazars regarding subpoenas issued by several congressional committees, including House Financial Services, to the president for certain personal financial records and the purpose for the subpoenas.

This week, Vice Chairman John Byrne, and Creative Director Elliot Berman of the AML RightSource staff discuss a bi-partisan effort in the US Senate to adopt sweeping reform to the AML infrastructure.

This week, Vice Chairman John Byrne, and Creative Director Elliot Berman of the AML RightSource staff discuss a recent press release from the Department of Justice about the indictment of a US Army private for conspiring to have his Army unit attacked by foreign terrorists. Link to Press Release https://www.justice.gov/opa/pr/us-army-soldier-charged-terrorism-offenses-planning-deadly-ambush-service-members-his-unit

This week, Vice Chairman John Byrne, and Creative Director Elliot Berman of the AML RightSource staff discuss recent press releases from the Comptroller of the Currency and Federal Reserve about their approaches to the full resumption of bank examinations.

In this episode of This Week in AML, Vice Chairman John Byrne, and Creative Director Elliot Berman of the AML RightSource staff discuss a recent press release from the IRS about the need for people to remain vigilant in protecting themselves against the many scams being triggered by the pandemic environment.

This week, Vice Chairman John Byrne, and Creative Director Elliot Berman of the AML RightSource staff discuss a recent letter from the Acting Comptroller of the Currency to the president and the executive director of the National Conference of Mayors, about the impact of the COVID-19 pandemic on National Banks. The letter seeks to make the mayors “aware of a certain set of risks to the nation’s banking system created by continued state and local lockdown orders".

This week, Vice Chairman John Byrne, and Creative Director Elliot Berman of the AML RightSource staff discuss a recent FinCEN release about renewing the current suspicious activity report (SAR) form. The notice focuses on proposed changes on how to assess the burden of preparing a SAR and provides participants in the financial crimes compliance community an opportunity to provide public comments on their view of the burden.

In this week's episode, Creative Director Elliot Berman and Vice Chairman John Byrne of the AML RightSource staff discuss a recent FinCEN release about law enforcement cases that were significantly impacted by BSA filings. Among the seven published cases in the release, Elliot and John discuss how the information flowing from the FIs and among law enforcement agencies supports interdiction of money laundering activity.