Putting Together the Puzzle Pieces of Beneficial Ownership

Putting Together the Puzzle Pieces of Beneficial Ownership

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.  

AML Conversations: Understanding the Nexus of Corruption and AML

AML Conversations: Understanding the Nexus of Corruption and AML

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.

Crossing the Border: How to Evaluate Countries' AML Risk

Crossing the Border: How to Evaluate Countries' AML Risk

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?

Doctor’s Orders: Key Prescriptions for Creating a More Robust AML Program

Doctor’s Orders: Key Prescriptions for Creating a More Robust AML Program

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.

AML Conversations: Career in Compliance

AML Conversations: Career in Compliance

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.

John Byrne's Statement to the House Financial Institutions and Consumer Credit Subcommittee

John Byrne's Statement to the House Financial Institutions and Consumer Credit Subcommittee

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.

AML Conversations Episode 2: John Byrne on Community Banking and Fintech

AML Conversations Episode 2: John Byrne on Community Banking and Fintech

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.”

Blockchain of Diamonds, Risks and Regulation of the Diamond Industry and How Blockchain Technology Can Improve Transparency

Blockchain of Diamonds, Risks and Regulation of the Diamond Industry and How Blockchain Technology Can Improve Transparency

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

'AML Conversations' Podcast - First Episode

'AML Conversations' Podcast - First Episode

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.