AML RightSource

Cuban and Venezuelan Sanctions with Marilu Jimenez and Andy Fernandez

By AML RightSource | February 19, 2020

Marilu Jimenez of FINCAdvisors sits down with Andy Fernandez, partner at Holland & Knight and a leading expert in sanctions compliance. They discuss the sanctions regime and its increasingly complex nature, as well as the recent guidance OFAC issued in the summer on culture. Their discussion covers two particular types of sanctions, both extremely relevant in the US and Latin American markets; the rollback of the general licenses related to Cuba and the complexity of…

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AML RightSource Announces Addition of New Office Space to Support Expansion and Growth

By AML RightSource | February 18, 2020

To support company growth, AML RightSource recently designed and opened an office in Highland Hills, OH. The newly renovated 43,602 square foot space encompasses an entire floor and will accommodate more than 250 employees. The updated floor plan provides an environment for collaboration among employees, flexible conference and training space, and secure work spaces to support client outsourced services. The Company now has 7 offices in the United States and Canada.

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AML RightSource Employee Spotlight: Lisa Harvey

By AML RightSource | February 18, 2020

Ms. Harvey is a Senior Analyst in our Phoenix office and has over seven years of experience in financial crime compliance. Through her engagement experience, she has worked on CDD/EDD reviews of high-risk customers, worked with law enforcement while conducting BSA investigations and prepared and submitted suspicious activity reports. In addition to her compliance work history, Ms. Harvey has extensive experience in other areas of engagement with financial institutions including payment processing, investment activity analysis…

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AML Conversations: Iranian Sanctions – Tim White

By AML RightSource | February 11, 2020

In this edition of AML Conversations, we’re looking at the economic sanctions imposed on Iran. The US Government has used economic sanctions for over 200 years to exert pressure on foreign countries and others to implement its foreign policies. In recent times, the US has used sanctions against numerous foreign governments, including Iran, North Korea and Venezuela.

The sanctions programs relating to Iran have a particularly complex and tortured past. In this edition of AML Conversations, Elliot Berman and Tim White of AML RightSource, discuss the history of these programs from their inception in 1979 to their current state.

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AML RightSource Names Paul Linehan President

By AML RightSource | February 10, 2020

CLEVELAND, Ohio – February 10, 2020 – AML RightSource, a leading firm focused on fighting financial crime for its clients and the world, today announced that Paul Linehan, has returned to the Company as President, effective January 1, 2020. In this position Linehan will report to Frank Ewing, CEO, AML RightSource. “In his role as Vice Chairman, Paul was extremely helpful in carrying out a broad-based strategy for the company. We are very excited to…

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HR Shared Services Manager

By AML RightSource | February 5, 2020

The HR Shared Services Manager will have oversight of compliance, Employee Relations process and tracking, and three core processes (onboarding, performance management and benefit enrollment – inclusive of 401k, health, dental, vision and life insurance).  This role will maintain confidential employee records, and serve as a people manager and HRIS expert.

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AML Conversations: James W. Foley Foundation

By AML RightSource | February 5, 2020

In this edition of AML Conversations, John Byrne sits down with Thomas Durkin, the Education Program Director of the James W. Foley Legacy Foundation. Tom takes you through an emotional discussion of the impact his friend and photojournalist, Jim Foley, has had on hostage advocacy and the security needs of journalists everywhere. In 2014, Jim was captured and later murdered by ISIS. Jim’s death prompted the creation of the Foundation whose vision is that all…

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Senior Manager, Client Delivery

By AML RightSource | January 29, 2020

We are seeking relationship-oriented leaders with entrepreneurial and client management experience. If you are a forward thinker who strives for knowledge, anticipates needs and has a thirst for learning, we want you to help us lead our growing client delivery center. The Senior Manager will be involved in the talent acquisition process as a brand ambassador and be responsible for maintaining interpersonal relationships with stakeholders and clients. The role oversees day-to-day operations and performance management of entry level to experienced analysts and managers. The ideal candidate has a thorough understanding of workflows and managing the effective quality control of assessments conducted on alert and case investigations, fraud investigations, and other related tasks. The Senior Manager will serve as a subject matter expert in Anti-Money Laundering (AML)/Bank Secrecy Act (BSA) and financial crimes compliance solutions.

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Senior Manager, Financial Crimes Advisory

By AML RightSource | January 27, 2020

The Financial Crimes Advisory (“FCA”) Senior Manager will be exposed to an array of client Anti-Money Laundering (“AML” / Bank Secrecy Act (“BSA”) / Office of Foreign Assets Control (“OFAC”) engagements. Engagements generally include:

AML / BSA / OFAC Program Reviews such as program / policy / procedure development, gap analysis, risk assessments, training development, staffing models and Testing, Monitoring and Review (“TMR”);
Model Risk Management such as data quality analysis, model validation, and tuning / optimization;
Customer Reviews such as Know Your Customer (“KYC”) methodology / implementation and remediation support;
Transaction Reviews such as Lookback planning and implementation;
Operational Services such as building strategic frameworks for Suspicious Activity Reporting (“SAR”), Currency Transaction Reporting (“CTR”), KYC, and Watch List Management (“WLM”) programs.

In addition to the aforementioned, Senior Managers must be capable of the following:

Demonstrating subject matter expertise in AML / BSA / OFAC, economic sanctions, cyber-crime, counter terrorist financing, bank fraud, anti-corruption, and bribery.
Serving as engagement leader include interacting with clients and prospects as well as participating in business development.

Other types of strategy consulting may include assessing people, process, and technology (“PPT”) environments identifying strengths, weaknesses, and opportunities for financial services clients. Many different engagement types exist and typically work varies from client to client and project to project.

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AML Conversations: Andy Price – AML Challenges for Credit Unions Worldwide

By AML RightSource | January 15, 2020

In this edition of AML Conversations, John Byrne, Vice Chairman at AML RightSource sits down with Andy Price of World Council of Credit Unions on AML challenges for credit unions worldwide particularly as it applies to financial inclusion. The Council, among other things, supports financial markets in growing economies, along with global partners, such as USAID, the UN, and the World Bank by promoting financial inclusion, strengthening institutions as well as providing policy and regulatory…

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As a FinTech, what are some things to think about when it comes to regulatory compliance? When considering compliance issues prepare yourself to answer these questions: hubs.ly/H0ncqnL0

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