The Associate Manager is responsible for assisting the manager in supervising teams of analysts to meet or exceed quality and production goals. AML RightSource Associate Managers play a critical role in the successful completion of engagement requirements within time constraints as set by management. This position can be located in either our Cleveland, Ohio; Hudson, Ohio or Phoenix, Arizona offices.
The Manager is responsible for overseeing a team of analysts by providing coaching to meet performance standards. They will have client contact while establishing relationships with other leaders and managers in other business units and support teams. This position can be located in either our Cleveland, Ohio; Hudson, Ohio or Phoenix, Arizona offices.
Senior Analyst position responsibilities primarily include transaction monitoring and research of customers deemed to be "high risk" by our various financial institution clients as required by their respective Anti-Money Laundering (AML)/Bank Secrecy Act (BSA) programs. This position can be located in either our Cleveland, Ohio; Hudson, Ohio or Phoenix, Arizona offices.
Last week, AML RightSource Financial Crimes Advisory Practice Associate, Mici Chase, spoke at the Frantz Ward Labor and Employment Seminar. She co-presented with Keith Ashmus, Partner at Frantz Ward, on the topic of Bitcoin and Blockchain
Responsibilities primarily include transaction monitoring and research of customers deemed to be "high risk" by our various financial institution clients as required by their respective Anti-Money Laundering (AML)/Bank Secrecy Act (BSA) programs. This position can be located in either our Cleveland, Ohio; Hudson, Ohio or Phoenix, Arizona offices.
The Beneficial Ownership rule is oftentimes considered a component of Know Your Customer (“KYC”) procedures. Most financial institutions have focused primarily on developing the policies, procedures, processes, and technology infrastructure required to collect beneficial ownership information, but financial institutions must understand how the rule interacts with other elements of their BSA / AML program.
This edition of AML Conversations features John Byrne and Jonathan Lopez, Partner in the white collar corporate investigations group at Orrick, Herrington & Sutcliffe in Washington DC. The discussion revolves around Jonathan’s previous career with the Department of Justice and the perspective he now has after transitioning to currently defending and advising white collar clients.
Financial Institutions (“FIs”) are required to take a risk-based approach in their BSA/AML compliance programs. The risk-based approach provides FIs with a large degree of flexibility in determining their risk thresholds for certain types of customers and transactions. International transactions carry different amounts of risk, depending on the jurisdiction. What methodology should FIs use to identify higher risk countries?
In today’s regulatory enforcement environment, staying ahead of the trends in BSA/AML compliance is critical. The stakes in minimizing risk have never been higher, compelling managers to focus on the promotion of healthy and responsible institutional practices within their financial institutions (“FIs”). A strong AML program operates in the background when things are going smoothly. However, when things go wrong, the consequences are usually severe and the weaknesses come to the forefront.
This episode features John Byrne, AML RightSource Vice Chairman, and Dan Soto who serves as Chief Compliance Officer at Ally Financial and is a member of the ACAMS Advisory Board. The conversation goes through Dan's career starting in the public sector to where he is today, including comments about compliance in 2018 and some of the things he has learned throughout his career.
It is well-known in the law enforcement and intelligence communities, as far back as the 1970s and 1980s, that there are instances where a nexus exists between transnational organized crime and foreign terrorist organizations. What role does the financial industry play in this alliance?
AML RightSource, national leader in anti-money laundering services and premier provider to the financial services sector, celebrates a period of exponential growth with the appointment of Mark A. Schlageter to the organization’s Board of Directors.
On February 20, 2018, American Banker published "Did bank's KYC controls fail in Russian efforts to sing election" by Rachel Witkowski and Ian McKendry. The article discusses Know Your Customer (KYC) efforts and how process improvements could prevent future Russian efforts to influence elections.
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.
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.