Show Notes
In this week’s episode of This Week in AML, John Byrne and Elliot Berman unpack a wide range of global financial crime and compliance developments shaping the risk landscape.
The conversation begins with the significance of Hungary’s election results and what a potential reversal of entrenched corruption could mean for democratic institutions and Ukraine. The episode also covers leadership changes at IRS‑CI, new OFAC sanctions targeting cartel‑linked money laundering and cash smuggling, and updated FinCEN FAQs tied to Geographic Targeting Orders.
Additional topics include New York’s crackdown on insurance fraud, emerging concerns around elder abuse and sextortion, rising money laundering prosecutions in Turkey following FATF scrutiny, and fresh FCA findings on weaknesses in CDD and EDD practices. The episode closes with a discussion of a reported proposal that could require U.S. banks to collect citizenship documentation—raising major operational, compliance, and debanking concerns.
More from AML Conversations
This week on This Week in AML, John Byrne and Elliot Berman examine several significant developments shaping the financial crime compliance landscape.
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.
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.
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.
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.