Show Notes
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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