View the statement for the record of John J. Byrne, Esq., CAMS to the House Financial Institutions and Consumer Credit Subcommittee on “Examining De-risking and its Effect on Access to Financial Services,” February 15, 2018.
Our second episode features John Byrne, former ACAMS Executive Vice President and current AML RightSource Vice Chairman and Board Member, discussing the intersection of fintech and community banking with John Waupsh, Chief Innovation Officer at Kasasa, and author of “Bankruption: How Community Banking can Survive Fintech.”
Illicit Finance Spotlight Series - In Plain Sight: Illicit Funds Concealed in Artwork
by Christopher Lopez
Associate Analyst II
AML RightSource announced today that it has appointed John J. Byrne to Vice Chairman.
The Marketing Manager is responsible for the development, planning, and execution all marketing plans and initiatives for AML RightSource. This includes marketing strategy and execution, web content, video production, social media, creative direction, advertising, and the content of all aspects of print, digital, and graphic communications.
The Human Resources Business Partner provides strategic human resources support and counsel to management and employees at AML RightSource as part of the overall objective of increasing employee engagement, performance and retention.
AML RightSource is looking for an IT Systems Administrator for our Hudson, Ohio office. Duties include operating, monitoring, securing, issue resolution, research and upgrades. This individual ensures that all AML RightSource server hardware, operating systems, software, network and related procedures adhere to organizational standards, values and strategic plan.
Illicit Finance Spotlight Series - Blockchain of Diamonds, Risks and Regulation of the Diamond Industry and How Blockchain Technology Can Improve Transparency
by Mici Chase, MS, CAMS
Associate, Financial Crimes Advisory
Welcome to the first episode of our new podcast series, AML Conversations. This series is dedicated to inform professionals and those interested in anti-money laundering about conversations happening in the government, private sector, and internationally. We will be posting interviews, live programming, and panel discussions related to the industry throughout the series to keep our listeners well-informed.
Illicit Finance Spotlight Series - China’s Illicit Financial Flows The Threat to Global Stabilization
by Sabeen Baakza, J.D., CAMS
Senior Associate, Financial Crimes Advisory
AML RightSource, a leader in Anti-Money Laundering (“AML”), Bank Secrecy Act (“BSA”), and Financial Crimes compliance service, announced today that it has named John J. Byrne to its Board of Directors.
Mergers of Financial Institutions (FIs) are an increasingly common industry trend. A merger creates a number of challenges for Bank Secrecy Act (BSA) Officers who are tasked with developing an integration plan, while ensuring ongoing compliance with the relevant laws and regulations. When FIs find themselves in the midst of a merger, developing a strategic approach to help facilitate the merging of policies, procedures, and processes, while simultaneously remaining compliant with applicable laws and regulations, can prove highly beneficial.
Recently, we observed the sixteenth anniversary of 9/11, recalling the tragic loss of life and the sustained terror threat that still exists. In this article, we will recall what was believed to be one of Al Qaeda’s (“AQ”) primary means of funding its operations, discuss the current state of terrorism financing, and take a glimpse at what the future may hold.
How effective is your financial institution (“FI”) at assessing the overall inherent risk within your organization? Where is the highest amount of risk concentrated within the enterprise? How is risk even assessed? The responses to these questions all converge to one locale—the foundation for maintaining and safeguarding the integrity of your FI begins and ends with your AML and OFAC Enterprise-Wide Risk Assessment (“ERA”). In this post, we examine the mechanism behind developing a resilient ERA and how FIs can effectively sustain a low-risk enterprise utilizing a methodical framework. Although you may think your institution maintains a strong ERA, this post may prompt you to reexamine your ERA.
Current shareholders of AML RightSource, Frank Ewing and Paul Linehan, will maintain an ownership stake in AML RightSource and will lead the business in partnership with Clarion.
Financial crimes are a global epidemic, serving as a constant reminder that crime does not discriminate and cannot be contained at the border. If you recall from our last article, 'Threat Finance Spotlight on the Democratic People's Republic of Korea', illicit actors are rapidly unearthing new tactics, techniques, and procedures (“TTPs”) to gain access to and exploit the financial system. How is the world responding, as a result? Surprisingly, in unison. There has been a broad global consensus pertaining to the necessity of anti-money laundering (AML) laws and regulations.
What goes into designing, implementing, and sustaining a high performing Financial Intelligence Unit (FIU)? With the Association of Certified Financial Crime Specialists (ACFCS), join AML RightSource leaders Vic Maculaitis, Anthony Lear, and John Wintrow on Wednesday, August 2nd 1:00 - 2:00 PM EST to learn more.
In this post, we closely examine the current global threat environment and more specifically, the innovative tactics, techniques and procedures (“TTP”) exploited by illicit actors to launder US funds through evasion of US economic sanctions against the Democratic People’s Republic of Korea (“DPRK”). Ask yourself as you read this article whether or not your FI’s AML and OFAC compliance programs have the appropriate safeguards in place to avoid such exploitation.
Are all rules created equal? How do you design effective transaction monitoring rules that are capable of capturing the vast majority of money laundering and related illicit activities? In this post, we take a closer look at a US financial institution’s (“FI”) AML transaction monitoring environment. Specifically, we examine how an FI can ensure comprehensive transaction risk coverage by utilizing a targeted top-down approach in the development of its monitoring rules.
AML RightSource will be exhibiting at Booth 5.
Effective April 2017, Anthony Lear has joined AML RightSource, a Gabriel Partners Company, as Director of Operations. Mr. Lear will operate out of AML RightSource's Phoenix, Arizona office.
AML RightSource representatives will be in the exhibit hall at booth 416 throughout the three-day AML focused conference.