AML Conversations

Dr. Gerald Fitzgerald of the Schar School of Policy and Government at George Mason University discusses his recent report on the use of misinformation and how it harms the humanitarian work of Muslim charities and NGOs and causes derisking.

As financial crime evolves, so do the challenges organizations face in combating it.

In this thought-provoking episode, Vesna McCreery, Managing Director for EMEA & APAC, and Patrick Bowe, our newly appointed Head of Product, delve deep into the complexities of emerging financial crime and geopolitical risks, and the intricate interplay between data management and technology.

Tune in to stay informed and learn how we can navigate through these challenges!

This week, the EU published the text of its new AML Regulation and Directive, FinCEN issued guidance on the beneficial ownership registry access rule, and Puerto Rico adopted new rules for IFEs and IBEs. John and Elliot discuss these and other items and their meaning for the financial crime compliance community.

FinCEN issued a Notice of Proposed Rulemaking on giving investment advisors reporting and recordkeeping obligations under the BSA this week. FinCEN also posted a Financial Trend Analysis reviewing the use of convertible virtual currency and online child sexual exploitation and human trafficking. John and Elliot discuss these and other happenings this week and their meaning for the financial crime compliance community.

This week, there are several important items from the US Treasury. It issued its 2024 risk assessments for money laundering, terrorist financing, and proliferation financing. FinCEN sent a draft Notice of Proposed Rulemaking on residential real estate transactions to the Federal Register for publication. John and Elliot discuss these issuances and their meaning for the financial crime compliance community.

This week, Transparency International released its Corruption Perception Index for 2023. John and Elliot discuss the Index and several other items and their meaning for the financial crime compliance community.

This week, George Mason University published a report about Anti-Muslim Discrimination and Information Manipulation, the Basel Institute on Governance reported on successful efforts to improve public integrity in Peru, and the GAO issued a report on the need for more accurate collection of data on foreign investment in US farmland. John and Elliot discuss these items and others and their meaning for the financial crime compliance community.

This week Nasdaq issued its 2024 Global Financial Crime Report, the UN Office of Drugs and Crime released a report on casinos, underground banking, and money laundering, and the Anti-Defamation League published a report on the use of cryptocurrency exchanges by US extremists to foster their fundraising efforts. John and Elliot discuss these reports and their meaning for the financial crime compliance community.

Jim Lee, IRS:CI Chief, returns to AML Conversations to share his thoughts on the IRS:CI 2023 Annual Report, the work of the J5, several key IRS cases, and the first coverage of the 2023 BSA Data Challenge.

We talked with John Byrne and Elliot Berman about what they see as the trends in financial crime prevention for 2024.