Edward Ellis

The Art of Money Laundering: How to Fight the Perfect Crime

By Edward Ellis | December 26, 2018

Certain works of art are priceless. Literally. They do not have a market-determined value. The cost is whatever an art collector is willing to pay. Price flexibility in the art world is just one of the many advantages for a certain subset of the criminals — money launderers. Other advantages include portability, lack of a paper trail, anonymity, and no regulations. Artwork is lightweight compared to other valuables, like gold and cash. Artwork is bought…

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AML best practices that will help you sleep better at night

By Edward Ellis | December 6, 2018

Since the horrific attacks of 9/11, and the congressional response of the USA PATRIOT Act, financial institutions have been occupied with the increasing focus on anti-money laundering (AML) compliance. This is, of course, not surprising.  The money laundering problem has grown to an estimated size of $2 trillion in ill-gotten funds. The financial sector has certainly embraced their role in preventing and detecting this vast array of crimes but the challenges of resources, training, and…

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AML RightSource is excited to have Chuck Taylor, CAMS, JD, join the company as Executive VP, Head of Financial Crimes Advisory. Chuck brings over 20 years of experience with a proven track record in regulatory compliance, risk analysis, and training. prweb.com/releases/a… pic.twitter.com/7YIx…

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