Vic Maculaitis

AML remediation project and look back

By Vic Maculaitis | February 1, 2017

Where do look back and AML remediation projects arise from? What are the typical root causes leading to a look back or remediation project? What are the pitfalls of a look back or remediation? How do you create a winning strategy on how to approach a look back or remediation? This post explores the answers from an insider’s perspective of dealing with some of the most sensitive and interesting look backs of the last 11…

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Anti-Money Laundering Strategy

By Vic Maculaitis | November 1, 2016

Where does your institution’s Anti-Money Laundering (“AML”) strategy place its focus? Is compliance your goal? Does your road map lead to compliance through a policy; a designated compliance officer; a system of internal controls; a training program; and independent testing? If the aforementioned are both the staples and level of meaningful thought that you have put behind your AML strategy, you may want to reassess your ultimate goal(s). The conventional thinking surrounding AML strategy has…

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Since we have been following the various legislative vehicles attempting to catch the white whale of piercing the shell company veil, we need to note the most important part of both the Senate and House AML bills. hubs.ly/H0l8ZXB0

About 2 hours ago from AML RightSource's Twitter via HubSpot

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