AML Conversations
NeuFATF Expectations, MEXC Sanctions, Canada's AML Oversight Shift, and Block's $964 Million Settlement
- Folgen
- 500
- Erscheint
- wöchentlich
- Letzte Folge
- 13. Nov. 2026
Über den Podcast
AML Conversations is dedicated to inform professionals and those interested in anti-money laundering about conversations happening in the government, private sector, and internationally. Throughout the series John Byrne, AML RightSource Vice Chairman, will interview industry experts or participate in live programming or panel discussions related to the industry.
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FATF Expectations, MEXC Sanctions, Canada's AML Oversight Shift, and Block's $964 Million Settlement
In this week's episode, Elliot Berman and John Byrne examine several significant developments shaping the anti-money laundering and financial crime landscape. They discuss the anticipated publication of the …
Shownotes
In this week's episode, Elliot Berman and John Byrne examine several significant developments shaping the anti-money laundering and financial crime landscape. They discuss the anticipated publication of the U.S. FATF mutual evaluation report and FinCEN's action against crypto exchange MEXC Global for allegedly facilitating billions in illicit transactions. The conversation also explores troubling AML compliance findings among UK accounting firms, Canada's decision to shift AML oversight responsibilities from FINTRAC to the banking regulator, OSFI, and growing international coordination among regulators, including New York's Department of Financial Services and the EU's AML Authority. Additional topics include the continued global debate over beneficial ownership transparency, FinCEN's efforts to combat industrialized scam centers through information sharing, Block's proposed $964 million AML settlement with the U.S. Department of Justice, a major tax fraud indictment involving $177 million in fraudulent refund claims, and new EU efforts to strengthen sanctions coordination across member states.Election Fallout, AI Oversight, FATF Updates, and the $6.3 Billion Binance Hack
The AML landscape continues to evolve as political, regulatory, and technological developments reshape compliance expectations around the world. In this episode, John Byrne and Elliot Berman discuss the …
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The AML landscape continues to evolve as political, regulatory, and technological developments reshape compliance expectations around the world. In this episode, John Byrne and Elliot Berman discuss the potential impact of the U.S. midterm elections on financial crime oversight, including possible congressional scrutiny of artificial intelligence, cryptocurrency, and corruption-related issues. The conversation explores the OCC's newly released framework for evaluating banks' use of AI, emphasizing the regulator's position that AI should not be treated as a separate risk category while still requiring strong governance and risk management practices. They also examine the reported $6.3 billion Binance hack, the ongoing cybersecurity risks facing digital asset platforms, and the broader implications for crypto regulation and oversight. Additional topics include key outcomes from the latest FATF plenary, updates to the FATF gray list, new anti-corruption guidance from the United Nations Office on Drugs and Crime, and fresh guidance from the Egmont Group on FIU independence and autonomy. The hosts also review developments in Germany's AML supervision framework, concerns surrounding the State Department's latest Trafficking in Persons Report, AML enforcement actions in New Zealand, and an SEC fraud case involving falsified regulatory filings that raised more than $130 million from retail investors.40 Years of the Money Laundering Control Act, Anti-Corruption Challenges, and the Future of Financial Crime Enforcement
This week, John Byrne and Elliot Berman reflect on the 40th anniversary of the Money Laundering Control Act of 1986, the landmark legislation that helped shape modern anti-money laundering compliance in the …
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This week, John Byrne and Elliot Berman reflect on the 40th anniversary of the Money Laundering Control Act of 1986, the landmark legislation that helped shape modern anti-money laundering compliance in the United States and influenced global AML standards. The conversation also examines a series of corruption-related developments, including investigations involving political figures in Brazil and the United States, concerns about the weakening of public corruption enforcement, and the launch of new civil society initiatives focused on accountability and the rule of law. John and Elliot explore why anti-corruption efforts remain essential to protecting democratic institutions, economic stability, and public trust. Additional topics include leadership changes at the Egmont Group, calls for a U.S. national fraud strategy, and a multistate legal challenge seeking to restore key provisions of the Corporate Transparency Act.Assessing the Risk in the Ownership of Your Counterparties
Understanding who truly owns and controls a third party is becoming increasingly important for organizations managing risk, compliance, and due diligence obligations. In this episode of Third Party Risk …
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Understanding who truly owns and controls a third party is becoming increasingly important for organizations managing risk, compliance, and due diligence obligations. In this episode of Third Party Risk Perspectives, Elliot Berman of AML RightSource is joined by Christopher Sindik and Sudip Iyer from Blue Umbrella to discuss the growing role of Ultimate Beneficial Ownership (UBO) intelligence in third-party risk management. The conversation explores why ownership transparency matters, how hidden ownership structures can conceal sanctions exposure, corruption risk, connections to organized crime, or other reputational concerns, and why understanding ownership is about much more than simply identifying a legal entity. Chris and Sudip explain the challenges organizations face when gathering UBO data across jurisdictions with differing disclosure requirements, the impact of evolving regulations, and the practical realities of using corporate registries, commercial databases, and investigative research to uncover ownership structures. The discussion also examines how organizations can integrate UBO intelligence into broader third-party risk management programs by combining ownership analysis with sanctions screening, adverse media monitoring, and risk-based decision-making. Whether you're navigating new markets or strengthening your compliance framework, this episode offers practical insights to help you stay ahead of emerging third-party risks.FATF, FinCEN, AI Risk Management, and a Major Bank Enforcement Case
This week on This Week in AML, John Byrne and Elliot Berman examine several significant developments shaping the financial crime compliance landscape. The episode highlights FATF's upcoming consultation on …
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This week on This Week in AML, John Byrne and Elliot Berman examine several significant developments shaping the financial crime compliance landscape. The episode highlights FATF's upcoming consultation on information sharing, a topic with major implications for public-private partnerships, cross-border collaboration, and the future effectiveness of AML programs. The hosts also discuss reports of a proposed U.S.-Russia diesel fuel arrangement, new concerns involving Iran, and the broader sanctions implications for compliance professionals. Additional topics include the FCA's estimate that fraud in the UK exceeded £220 billion, forthcoming crypto registration requirements, new AI risk management guidance from the Monetary Authority of Singapore, and congressional questions surrounding FinCEN's AML/CFT priorities and the Corporate Transparency Act rollback. The episode concludes with breaking news: a record enforcement action against Bank of America, including a reported $1.21 billion penalty involving BSA/AML, sanctions, and suspicious activity reporting failures.De-Banking, FinCEN Alerts, and the Growing Role of State Enforcement
This week on This Week in AML, John Byrne and Elliot Berman unpack a wide-ranging set of developments affecting compliance, sanctions, financial crime prevention, and regulatory oversight. From geopolitical …
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This week on This Week in AML, John Byrne and Elliot Berman unpack a wide-ranging set of developments affecting compliance, sanctions, financial crime prevention, and regulatory oversight. From geopolitical controversies surrounding Russia sanctions and international enforcement efforts to the OCC's latest report on so-called "de-banking," the discussion examines what these developments mean for financial institutions trying to maintain a risk-based approach in an increasingly politicized environment. The conversation explores the OCC's recommendations on customer access to banking services, concerns about regulatory whipsawing between administrations, and the potential implications for AML officers, boards, and senior management. John and Elliot also review New York's $33 million enforcement action against SEB, highlighting the continued importance of state-level AML enforcement. Additional topics include FinCEN's alert regarding Iranian abuse of religious charity networks and newly identified suspicious activity tied to student aid fraud.AML Conversations - Monthly Chat with Sarah Beth Felix
In this monthly regulatory roundup, John Byrne sits down with Sarah Beth Felix of Palmero Consulting to examine some of the most important AML, CTF, and sanctions developments from the past month. The …
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In this monthly regulatory roundup, John Byrne sits down with Sarah Beth Felix of Palmero Consulting to examine some of the most important AML, CTF, and sanctions developments from the past month. The conversation begins with a reflection on the 40th anniversary of the Money Laundering Control Act and its lasting impact on the compliance profession. Sarah breaks down the recent American Express enforcement action, highlighting overlooked risks in lending products, the connection between culture and compliance effectiveness, and why every element of a BSA/AML program ultimately supports suspicious activity reporting. The discussion also explores board oversight, indicators of effectiveness, and lessons financial institutions can take from major consent orders. The episode then turns to FINRA's latest enforcement action against Revere Securities, and FinCEN's decision to withdraw proposed cryptocurrency-related rules. The episode concludes with a candid conversation about artificial intelligence in AML compliance, including the promises, pitfalls, governance concerns, and the questions institutions should ask before relying on AI-driven monitoring and alert dispositioning.Fraud Is Fraud - FinCEN Withdrawals, DOJ Enforcement Factors, and AI Bank Breaches
In this week's episode of This Week in AML, John Byrne is joined by Joe McNamara, filling in for Elliot Berman, to flag a wide range of global and domestic developments. They open with OCCRP reporting on an …
Shownotes
In this week's episode of This Week in AML, John Byrne is joined by Joe McNamara, filling in for Elliot Berman, to flag a wide range of global and domestic developments. They open with OCCRP reporting on an Uzbek security official who secretly acquired Emirati citizenship and millions in Dubai real estate, then turn to New York Times reporting on conflict of interest questions in U.S.-Russia talks on Ukraine. The conversation then shifts to FinCEN's unusual withdrawal of two proposed rules targeting unhosted wallet transactions and convertible virtual currency mixing, and what that means for institutions with crypto exposure whose SAR obligations remain unchanged. Additional topics include the Comptroller of the Currency's fraud roundtable with community bankers in Minneapolis, the Department of Justice's new memorandum on corporate fraud enforcement, and the first reported AI agent-powered intrusion into major South Korean banks. The episode closes with a preview of the October 22nd webinar on best practices in managing high-risk customers. Resources Referenced in This Episode: OCCRP: The Uzbek President's Son-In-Law Secretly Acquired a UAE Passport While Serving as a Top Security Chief The New York Times: U.S.-Russia Talks on Ukraine and the Kushner and Witkoff Oil Deal Federal Register: Proposal of Special Measure Regarding Convertible Virtual Currency Mixing, as a Class of Transactions of Primary Money Laundering Concern; Withdrawal Federal Register: Requirements for Certain Transactions Involving Convertible Virtual Currency or Digital Assets; Withdrawal OCC: Comptroller Gould Community Bank Fraud Roundtable in Minneapolis https://www.occ.gov/news-issuances/news-releases/2026/nr-occ-2026-86.html U.S. Department of Justice: Directive 26-12, Corporate Enforcement in the Fight Against Fraud https://www.justice.gov/opa/media/1463571/dl?inline The Wall Street Journal: Hackers Use Chinese AI Tool to Hit South Korean Banks, Exposing New Risk Marquette University Center for Peacemaking: AI and Ethics with Dr. Michael Zimmer AML RightSource: AML Voices Webinar: Best Practices in Managing Your High-Risk CustomersFrom FATF to FinCEN - Key AML, AI, and Regulatory Developments This Week
In this week's episode of This Week in AML, John Byrne and Elliot Berman examine Canada's newly released FATF mutual evaluation and what it may signal as the AML community awaits the upcoming U.S. assessment …
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In this week's episode of This Week in AML, John Byrne and Elliot Berman examine Canada's newly released FATF mutual evaluation and what it may signal as the AML community awaits the upcoming U.S. assessment. They discuss FinCEN's plans to amend customer due diligence requirements related to immigration status verification, highlighting the operational and compliance challenges that institutions may face. The conversation also explores escalating concerns surrounding artificial intelligence, including congressional calls for stronger oversight, emerging state-level initiatives, and recent reports of AI-enabled fraud targeting financial institutions. Additional topics include proposed stablecoin regulations under the GENIUS Act, new tools for measuring corruption, sanctions targeting criminal organizations, cybersecurity lessons from the reported FBI data breach, and outgoing SEC Commissioner Hester Peirce's critique of AML and KYC frameworks.OCC Layoffs, AI Regulation, and a $6.9 Billion Sanctions Evasion Scheme
In this week's episode of This Week in AML, Elliot Berman and John Byrne examine how workforce reductions at the OCC could affect bank supervision at a time when new national bank charters are on the rise. They …
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In this week's episode of This Week in AML, Elliot Berman and John Byrne examine how workforce reductions at the OCC could affect bank supervision at a time when new national bank charters are on the rise. They also discuss the OCC's updated cybersecurity supervision framework and its implications for financial institutions. The conversation then turns global, highlighting a new Egmont Group report on strategic intelligence, the role of Financial Intelligence Units in combating money laundering and terrorist financing, and lessons organizations can apply to their own compliance programs. Additional topics include emerging state-level AI regulation in New York and California, and allegations that a Kremlin-linked fintech network used forged documentation to move billions through the global financial system.John Roth on 9/11, Terrorist Financing, and Why Independent Watchdogs Matter
In this episode of AML Conversations, host John Byrne sits down with former federal prosecutor, 9/11 Commission staff member, and former Department of Homeland Security Inspector General John Roth to discuss …
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In this episode of AML Conversations, host John Byrne sits down with former federal prosecutor, 9/11 Commission staff member, and former Department of Homeland Security Inspector General John Roth to discuss the evolution of terrorist financing controls, the challenges facing anti-money laundering professionals, and the critical role inspectors general play in promoting accountability across government. Drawing on his work co-authoring the 9/11 Commission’s terrorist financing monograph and his experience at DHS, Roth reflects on how AML and CTF frameworks have changed since 9/11, why financial institutions have made significant progress, and why emerging threats such as cryptocurrency, prediction markets, and changes to beneficial ownership transparency continue to present challenges. The conversation then turns to government oversight and Roth’s recent work on restoring the independence of inspectors general. He explains why independent watchdogs are essential to uncovering waste, fraud, abuse, and misconduct, and shares his concerns about the removal of inspectors general, reduced oversight capacity, and the importance of congressional engagement and public awareness.Clarity Stalls, Deepfakes Come Down, and VTB Gets Designated Again
Joe McNamara sits in for Elliot Berman this week alongside John Byrne. Joe and John discuss the Senate vote that failed to advance the Clarity Act, the interagency proposal to rescind and replace third-party …
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Joe McNamara sits in for Elliot Berman this week alongside John Byrne. Joe and John discuss the Senate vote that failed to advance the Clarity Act, the interagency proposal to rescind and replace third-party risk management guidance, and the CJEU ruling on Latvia's public shareholder disclosure law and what it signals for beneficial ownership transparency. They also cover the DOJ indictment of a Russian intelligence services network, the Manhattan DA's seizure of 12 deepfake websites and the payment infrastructure behind them, Transparency International's analysis of seven years of EU rule of law reporting, and OFAC's designation of VTB Bank under Operation Economic Outcast. They close with CSIS's look at the terrorism landscape 25 years after 9/11, the shift toward lone actor threats, and the underused potential of 314(a) and 314(b) information sharing. Resources mentioned in this episode: Senate cloture vote on the Clarity Act: https://www.cnbc.com/2026/09/15/senate-cloture-vote-on-clarity-act-fails-dealing-regulatory-setback-... Proposed interagency third-party risk management guidance: https://www.federalregister.gov/documents/2026/09/15/2026-18859/proposed-third-party-risk-management... CJEU ruling on Latvian shareholder disclosure (Case C-798/24): https://cyprus-mail.com/2026/09/13/european-court-decides-on-public-access-to-shareholder-informatio... DOJ release on the Russian intelligence services network indictment: https://www.justice.gov/opa/pr/members-russian-intelligence-services-network-charged-conspiring-fina... Manhattan DA seizure of 12 deepfake websites: https://manhattanda.org/manhattan-d-a-s-office-seizes-domains-of-12-illegal-websites-selling-ai-gene... Transparency International, Anti-Corruption Gaps Are Leaving Democracy in Europe Exposed: https://www.transparency.org/en/news/anti-corruption-gaps-leaving-democracy-europe-exposed Treasury designation of VTB Bank under Operation Economic Outcast: https://home.treasury.gov/news/press-releases/sb0629/ Riley McCabe, CSIS, Adapting to the New Terrorism Landscape 25 Years After 9/11: https://www.csis.org/analysis/adapting-new-terrorism-landscape-25-years-after-911 ProPublica reporting on the Trump Jr. wedding financing: https://www.propublica.org/article/donald-trump-jr-wedding-bankrolled-russian-oligarch-umar-kremlev-...Treasury Actions, Digital Asset Risks, and 25 Years After 9/11
This week, John Byrne and Elliot Berman examine a wave of regulatory and enforcement developments shaping the AML landscape. Topics include new U.S. Treasury sanctions targeting Iran's aviation sector, FinCEN's …
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This week, John Byrne and Elliot Berman examine a wave of regulatory and enforcement developments shaping the AML landscape. Topics include new U.S. Treasury sanctions targeting Iran's aviation sector, FinCEN's renewal of Southwest Border Geographic Targeting Orders, guidance on SAR confidentiality, and growing concerns over digital asset scams and cryptocurrency regulation. They also discuss FATF's latest reports on underground banking networks, money-laundering risks in the gambling sector, and AUSTRAC's enforcement actions against remittance and crypto firms. In recognition of the 25th anniversary of 9/11, the conversation turns to the lasting impact the attacks had on anti-money laundering, counter-terrorist financing, and public-private partnerships. John and Elliot reflect on how the Patriot Act transformed financial crime prevention, why collaboration between financial institutions and law enforcement remains essential, and the importance of ensuring future generations understand the role AML professionals play in protecting the financial system.Never Forget 25 Years After 9 11, Where We've Been and Where We're Going
Twenty-five years after the attacks of September 11, 2001, John Byrne sits down with Dennis Lormel, who led the FBI's Financial Crimes Program on 9/11 and stood up the Bureau's first Terrorist Financing …
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Twenty-five years after the attacks of September 11, 2001, John Byrne sits down with Dennis Lormel, who led the FBI's Financial Crimes Program on 9/11 and stood up the Bureau's first Terrorist Financing Operations Section (TFOS) in its aftermath. Dennis shares his firsthand account from inside FBI headquarters that morning, the plan he wrote that night for a centralized financial investigation, and the unprecedented cooperation from banks and government agencies that followed. The conversation covers the warning signs that preceded the attacks, the three-week passage of the PATRIOT Act, the findings of the 9/11 Commission and its terrorist financing monograph, FATF's special recommendations, and the unintended consequences for charities. Dennis closes with an assessment of the threat landscape in 2026 and a call for the proactive, imaginative use of financial intelligence. As this episode marks both the 25th anniversary of 9/11 and the 25th anniversary of counter-terrorist financing, one theme carries throughout: never forget.Global Enforcement Actions, Prediction Market Battles, and a New Era of Bank Supervision
John Byrne and Elliot Berman discuss a busy week in the AML, sanctions, and compliance landscape. Topics include AUSTRAC's enforcement push under Australia's new AML laws and its investigation into Western …
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John Byrne and Elliot Berman discuss a busy week in the AML, sanctions, and compliance landscape. Topics include AUSTRAC's enforcement push under Australia's new AML laws and its investigation into Western Union, fresh guidance on politically exposed persons from the Hong Kong Monetary Authority, and the FBI's Art Crime Team's recovery of Egyptian cultural artifacts. They also examine growing concerns surrounding prediction markets, conflicting federal court rulings involving Kalshi and Polymarket, new Treasury sanctions and proposed Section 311 action against a UAE-based bank, and the OCC and FDIC's significant changes to bank examination standards.Doing Right - From Prosecutor to Reformer - Jeff Schlanger
In this episode of AML Conversations, Brad Breslin, President and General Manager, Compliance Solutions at AML RightSource, sits down with Jeff Schlanger, former Manhattan prosecutor, institutional reformer …
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In this episode of AML Conversations, Brad Breslin, President and General Manager, Compliance Solutions at AML RightSource, sits down with Jeff Schlanger, former Manhattan prosecutor, institutional reformer, and author of "Doing Right: From Prosecutor to Reformer — A Journey Through Crime, Corruption, Complacency, and Change." Jeff's career spans four decades on the front lines of accountability. He prosecuted the Westies and helped build the case against John Gotti. He served as the federal monitor overseeing the LAPD consent decree after the Rampart scandal. He later became the NYPD's first Deputy Commissioner for Risk Management, and he founded IntegrAssure to bring collaborative oversight to police departments nationwide, including the Aurora, Colorado consent decree. The conversation explores what happens when institutions designed to do good drift off course, and what it takes to bring them back. Jeff shares the moment he discovered the FBI withheld knowledge of jury tampering during the Gotti trial, why he published his NYPD resignation letter, and how the Mickey Featherstone case taught him that doing right often means acting against your own interests. For financial crime compliance and risk professionals, the lessons translate directly. Jeff draws the line from police reform to the HSBC monitorship, where he and Brad worked together, showing that the methodology of oversight, accountability, and continuous improvement is the same whether the rulebook is an LAPD procedures manual or the FFIEC guidelines. Link to Jeff's book: https://doingright.integrassure.com/doing-right-homepage.htmlHow Sanctioned Networks Slip Through - OCCRP's Zack Kopplin on Defense Contracts, Shell Companies, and Golden Passports
Investigative journalist Zack Kopplin of the Organized Crime and Corruption Reporting Project (OCCRP) joins AML Conversations to discuss his reporting on a Pentagon fuel subcontractor linked to individuals …
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Investigative journalist Zack Kopplin of the Organized Crime and Corruption Reporting Project (OCCRP) joins AML Conversations to discuss his reporting on a Pentagon fuel subcontractor linked to individuals connected to U.S. sanctions targets. He explains how questionable contractors can remain embedded in government supply chains, why subcontractor vetting remains a persistent challenge, and what his investigation uncovered in Iraq and Lebanon. Kopplin also explores the broader fight against corruption and financial crime, including beneficial ownership transparency, anonymous shell companies, defense contracting oversight, and the growing use of "golden passports" by sanctioned actors, fraudsters, and other high-risk individuals seeking to obscure their identities. From tracing hidden ownership structures to uncovering international money laundering networks, this conversation offers a firsthand look at how investigative journalists expose corruption and why transparency remains critical to effective AML, sanctions, and compliance efforts.Increased Economic Pressure on Iran, New Opportunities for Syria, and the Fight Against Online Scams
In this week's episode of This Week in AML, John Byrne and Elliot Berman break down Treasury's renewed sanctions campaign against Iran and discuss what it could mean for global trade, enforcement efforts, and …
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In this week's episode of This Week in AML, John Byrne and Elliot Berman break down Treasury's renewed sanctions campaign against Iran and discuss what it could mean for global trade, enforcement efforts, and China's role in the sanctions landscape. They also examine the U.S. decision to remove Syria from its State Sponsors of Terrorism list, a move that could pave the way for reintegration into the global financial system and future engagement with FATF standards. Additional topics include Singapore's new Social Media Code of Practice aimed at reducing financial scams on major platforms, Europol's warning about increasingly violent museum heists, updates from OCCRP on corruption and money laundering investigations, and the FDIC's efforts to streamline the deposit insurance application process for new banks. Plus, a look at recent anti-corruption research from the Basel Institute on Governance and upcoming AML-focused educational events.Corporate Transparency Rollback, Ireland's First AML Strategy, and Trump's Bank Charter
In this episode of This Week In AML, Joe McNamara fills in for Elliot Berman and joins John Byrne for a packed week of AML news on both sides of the Atlantic. The conversation opens with the fallout from …
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In this episode of This Week In AML, Joe McNamara fills in for Elliot Berman and joins John Byrne for a packed week of AML news on both sides of the Atlantic. The conversation opens with the fallout from Treasury and FinCEN's final rule eliminating domestic beneficial ownership reporting under the Corporate Transparency Act, then moves to Transparency International's guidance for EU member states that have not yet published a national anti-corruption strategy. Ireland, one of the six late adopters named in that report, has now released its first national AML/CFT/CPF strategy, and John walks through its five strategic goals and three pillars ahead of AMLA supervision and FATF evaluation. The hosts also cover the UN Security Council's 38th Monitoring Team report on ISIL, AMLA's warning that money laundering in the EU property sector could deepen the housing crisis, and the OCC's conditional approval of a national trust bank charter for World Liberty Trust Company, along with the sharp objections raised by Senator Elizabeth Warren and others over conflicts of interest. Stateside, they close on Treasury: an unreleased internal report on the risks of an AI bubble, and the department's public request for comment on GENIUS Act implementation. John rounds out the episode with a $165 million crypto Ponzi indictment reported by OCCRP. Links Referenced Transparency International, Good Practices for National Anti-Corruption Strategies in EU Member States: https://knowledgehub.transparency.org/helpdesk/good-practices-for-national-anti-corruption-strategie... Ireland Department of Finance, Ireland's First National Anti-Money Laundering Strategy: https://www.gov.ie/en/department-of-finance/press-releases/t%C3%A1naiste-and-minister-for-finance-si... UN Security Council, 38th Report of the Analytical Support and Sanctions Monitoring Team (S/2026/651): https://docs.un.org/en/S/2026/651 AML Intelligence, AMLA Urges Crackdown on Money Laundering in EU Property Sector: https://www.amlintelligence.com/2026/08/news-amla-urges-crackdown-on-money-laundering-in-eu-property... OCC, Conditional Approval for World Liberty Trust Company (CD 1385): https://www.occ.gov/topics/charters-and-licensing/interpretations-and-decisions/2026/cd1385.pdf NOTUS, Treasury Internal Report Warns of the Dangers of an AI Bubble: https://www.notus.org/economy/treasury-internal-report-warning-dangers-ai-bubble?utm_source=content_... U.S. Treasury, Request for Public Comment on GENIUS Act Implementation: https://home.treasury.gov/news/press-releases/sb0605AML Conversations - Monthly Chat with Sarah Beth Felix
John Byrne is joined by Sarah Beth Felix, author of Dirty Money Weekly, for their monthly conversation on financial crime developments. They start with FinCEN's final rule ending Corporate Transparency Act …
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John Byrne is joined by Sarah Beth Felix, author of Dirty Money Weekly, for their monthly conversation on financial crime developments. They start with FinCEN's final rule ending Corporate Transparency Act reporting and what it means in practice: the detection burden for shell companies shifts back to financial institutions, the CDD rule remains in force, and beneficial ownership data belongs in SAR backup documentation to support law enforcement. Sarah Beth shares practical red flags for spotting shell companies, from formation mill documents to companies with no online presence and unexplained revenue. The conversation then turns to the Wise enforcement action and why a clean exam history is the wrong benchmark for a compliance program, including the OCC's pointed finding that leadership lacked financial crime expertise at the board level. They also discuss the Capital One litigation and the safety risks of demands to identify individual investigators, and close on the operational obstacles AML teams face in responding to the executive order on credit risk and illegal immigration, where citizenship indicators are buried across lending and deposit systems that financial crime teams rarely see.FinCEN Ends BOI Reporting, Fraud Enforcement Expands, and Global Compliance Shifts
In this episode of This Week in AML, Elliot Berman and John Byrne break down FinCEN's final rule eliminating beneficial ownership reporting requirements for millions of small businesses and discuss what the …
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In this episode of This Week in AML, Elliot Berman and John Byrne break down FinCEN's final rule eliminating beneficial ownership reporting requirements for millions of small businesses and discuss what the move means for AML compliance, transparency, and financial crime prevention. The conversation also explores the renewal of FinCEN's Minnesota Geographic Targeting Order and the growing debate over whether the U.S. is experiencing a true fraud crisis, including insights from Jonathan Rusch's recent analysis of federal fraud enforcement efforts. Beyond the U.S., the hosts examine OCC concerns that led to the rejection of a European fintech's national bank charter application, the Luxembourg FIU's new authority to freeze fraud-linked payments, developments surrounding European beneficial ownership registries, Russia's reported sanctions-evasion payment network, and Australia's enforcement action against a major cryptocurrency ATM operator. The episode concludes with a discussion of a new de-risking resource for nonprofits.The Largest Broker-Dealer AML Penalty Ever - UBS, FinCEN Leadership Changes, and the Future of SAR Reporting
This week on This Week in AML, John Byrne and Elliot Berman examine FinCEN's record-setting $125 million enforcement action against UBS, the largest civil money penalty ever imposed against a broker-dealer for …
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This week on This Week in AML, John Byrne and Elliot Berman examine FinCEN's record-setting $125 million enforcement action against UBS, the largest civil money penalty ever imposed against a broker-dealer for Bank Secrecy Act violations. They discuss what made the case significant, the consequences of repeated compliance failures, and the lessons financial institutions should take from the enforcement action. The conversation also covers FinCEN Director Andrea Gacki's departure for Citibank and what the appointment of Acting Director Jenna Casanova could mean for future enforcement priorities. John and Elliot then explore Senator Ron Wyden's report on financial institutions' handling of Jeffrey Epstein-related accounts, including proposed changes to suspicious activity reporting requirements and concerns about SAR confidentiality. They also review Capital One's defense of account closures tied to AML obligations and the broader debate surrounding claims of "debanking." Internationally, the hosts discuss the FCA's planned overhaul of transaction reporting requirements in the UK, ongoing challenges in accessing beneficial ownership registries across the European Union, and Transparency International's push for stronger global anti-corruption measures.FinCEN's Fraud Focus, Corruption Questions, and Crypto Compliance Challenges
In this episode of This Week in AML, John Byrne and Elliot Berman unpack several significant developments across the AML, sanctions, fraud, and compliance landscape. They begin with the U.S. Senate's …
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In this episode of This Week in AML, John Byrne and Elliot Berman unpack several significant developments across the AML, sanctions, fraud, and compliance landscape. They begin with the U.S. Senate's overwhelming bipartisan vote to advance new Russia and Iran sanctions legislation, then turn to FinCEN Director Andrea Gacki's recent congressional testimony, including her emphasis on fraud prevention, BSA modernization, SAR guidance, and the industry's ongoing uncertainty about AML priorities and effectiveness standards. The conversation also explores Transparency International's 2025 achievements in advancing anti-corruption reforms worldwide and raises important questions about whether corruption will remain a formal U.S. AML priority. John and Elliot review FinCEN's new alert on financial student aid fraud, discuss the continued role of shell companies in fraud schemes, and examine a House Financial Services Committee report on scams and fraud. Additional topics include Treasury's review of the SDN List, the growing industry around sanctions delisting petitions, the closure of crypto exchange BitMEX despite presidential pardons for its founders, the OCC's denial of Wise US's national trust charter application due to AML compliance concerns, and new reporting linking crypto-to-cash storefronts to money laundering activity.Art, Antiquities, and Financial Crime - Protecting Cultural Heritage in a Global Threat Landscape with Tess Davis
In this episode of AML Conversations, host John Byrne welcomes Tess Davis, Executive Director of the Antiquities Coalition, for a timely discussion on the intersection of cultural heritage crime and financial …
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In this episode of AML Conversations, host John Byrne welcomes Tess Davis, Executive Director of the Antiquities Coalition, for a timely discussion on the intersection of cultural heritage crime and financial crime. From the looting of museums and archaeological sites in conflict zones such as Ukraine and Sudan to the exploitation of the global art market for money laundering and sanctions evasion, Tess explains why antiquities trafficking is far more than a cultural issue—it is a financial crime issue. The conversation explores the Rome Statement on Art Market Integrity, the growing role of law enforcement agencies like the Manhattan District Attorney's Antiquities Trafficking Unit, and bipartisan efforts in the United States to bring the art market under the AML regulatory framework. Tess also shares real-world examples of how stolen artifacts are laundered into legitimate collections and outlines key red flags financial institutions should understand when assessing risks tied to art and antiquities transactions. This episode offers valuable insights into a rapidly evolving threat landscape and the collaborative efforts underway to combat it.Southeast Asia’s Criminal Economy, Crypto Crime Risks, and AMLA’s Compliance Wake-Up Call
This week on This Week in AML, Elliot Berman and Joe McNamara examine a series of reports and regulatory updates highlighting the growing sophistication of global financial crime. The discussion begins with a …
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This week on This Week in AML, Elliot Berman and Joe McNamara examine a series of reports and regulatory updates highlighting the growing sophistication of global financial crime. The discussion begins with a new United Nations Office on Drugs and Crime (UNODC) threat assessment that details how Southeast Asia has become a hub for interconnected criminal ecosystems, with organized crime groups increasingly offering “fraud as a service” at enterprise scale. Elliot and Joe explore how criminal organizations are evolving from trafficking goods to operating highly sophisticated criminal services businesses. They also discuss FATF’s latest targeted update on virtual assets and VASPs, including concerns about stablecoins, regulatory gaps, and ongoing challenges in implementing the Travel Rule across jurisdictions. The conversation highlights how organized crime networks are leveraging crypto assets to move illicit funds globally. The episode then turns to new guidance from the Wolfsberg Group on managing risks associated with non-bank payment service providers, AMLA’s growing focus on vulnerabilities in the non-financial sector, and ongoing concerns about real estate as a money-laundering vehicle.Russia Sanctions Resurface, New Lending Guidance, and Europol’s EU Terrorism Report
In this week's episode of This Week in AML, John Byrne and Elliot Berman discuss the renewed push for a bipartisan U.S. sanctions bill targeting Russia and compare its approach to the European Union's existing …
Shownotes
In this week's episode of This Week in AML, John Byrne and Elliot Berman discuss the renewed push for a bipartisan U.S. sanctions bill targeting Russia and compare its approach to the European Union's existing sanctions framework. They also examine new guidance from federal banking agencies on lending to non-work authorized. The conversation explores a notable difference in the Federal Reserve's proposed AML program rule, highlights key findings from Europol’s latest EU Terrorism Situation and Trend Report, and reviews a Transparency International report examining the illicit finance risks associated with cryptocurrency and stablecoins. John and Elliot also discuss developments involving a high-profile IRS lawsuit and Florida's proposed designation of certain organizations as terrorist entities.Sanctions, Crypto Workarounds, AI Oversight, and the Future of Financial Crime Compliance
In this week's episode of This Week in AML, John Byrne and Elliot Berman unpack a wide-ranging set of developments shaping the financial crime compliance landscape. They discuss the evolving geopolitical …
Shownotes
In this week's episode of This Week in AML, John Byrne and Elliot Berman unpack a wide-ranging set of developments shaping the financial crime compliance landscape. They discuss the evolving geopolitical environment, including sanctions activity involving Iran, Russia, and North Korea, and examine new reports highlighting how cryptocurrencies are being used to evade international sanctions. The conversation also explores the rise and risks of meme coins, recent SEC efforts to combat retail investor fraud, FINRA's independent review of its enforcement program, and the Federal Reserve's proposed AML program rule. John and Elliot further discuss policymakers' growing interest in AI governance, including questions surrounding financial crime prevention, customer identification, and responsible adoption of emerging technologies. Whether you're focused on AML, sanctions, fraud prevention, regulatory policy, or AI in compliance, this episode delivers timely insights on the trends reshaping financial crime risk management.Anti-Corruption at a Crossroads: Enforcement, Risk, and the Future of Financial Integrity with Jonathan Rusch
In this episode of AML Conversations, host John Byrne sits down with longtime DOJ prosecutor and anti-corruption expert Jonathan Rusch to unpack a rapidly shifting enforcement landscape. From the scaling back …
Shownotes
In this episode of AML Conversations, host John Byrne sits down with longtime DOJ prosecutor and anti-corruption expert Jonathan Rusch to unpack a rapidly shifting enforcement landscape. From the scaling back of DOJ anti-corruption resources to the growing use of presidential pardon power in bribery cases, Rusch offers a candid assessment of what these changes signal for accountability in the U.S. and globally. He also breaks down why anti-corruption still matters—highlighting its economic, political, social, and legal impacts—and what happens when those guardrails weaken. Drawing on his experience at the Justice Department and in the private sector at a major global bank, Rusch shares practical insights for financial institutions navigating today’s environment: balancing deregulation pressures, evolving expectations around “de-banking,” and the enduring realities of laws such as the FCPA. The conversation closes on a note of cautious optimism—exploring what resilience looks like for compliance professionals, regulators, and institutions committed to maintaining integrity in uncertain times.FATF Priorities, Crypto Regulation Shifts, and Emerging Financial Crime Risks
In this week's episode of This Week in AML, John Byrne and Elliot Berman examine major developments shaping the financial crime compliance landscape. They discuss newly released presidential financial …
Shownotes
In this week's episode of This Week in AML, John Byrne and Elliot Berman examine major developments shaping the financial crime compliance landscape. They discuss newly released presidential financial disclosures, FATF's priorities under new President Giles Thomson, and a new FATF report on terrorist financing risks tied to social media, messaging apps, and streaming platforms. The conversation also covers the Rome Statement on Art Market Integrity, Binance's licensing challenges under the EU's MiCA framework, FinCEN and FBI actions targeting cartel-linked fuel theft and human smuggling networks, and the UK's evolving crypto asset regulatory regime. Additional topics include Europol's latest assessment of organized crime networks, the SEC's enforcement action against Merrill Lynch for SAR reporting failures, and the potential business and regulatory implications of a recent U.S. Supreme Court decision affecting independent federal agencies. The episode concludes with a preview of upcoming AML RightSource content, including a discussion on AI and financial compliance.FATF’s Fraud Focus, Stablecoin Scrutiny, and the Push for Real AML Effectiveness
In this episode of This Week in AML, Elliot Berman and John Byrne break down key developments from the latest FATF plenary—highlighting a growing global emphasis on fraud, stronger public-private collaboration …
Shownotes
In this episode of This Week in AML, Elliot Berman and John Byrne break down key developments from the latest FATF plenary—highlighting a growing global emphasis on fraud, stronger public-private collaboration, and updated guidance on payment transparency and targeted sanctions. They also explore the Wolfsberg Group’s refreshed framework for a truly effective risk-based approach, centered on proportionality, prioritization, and outcomes—not just compliance for compliance’s sake. Back in the U.S., the conversation turns to the evolving regulatory landscape around stablecoins, including new proposed rules extending KYC and CIP requirements—and concerns about whether they go far enough to address illicit finance risks. It’s a wide-ranging discussion that reinforces a central theme: effectiveness—not just effort—is becoming the defining standard in AML.
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