AML RightSource is currently seeking a talented Sales Associate who will assist the sales and marketing team to help grow the business. This is a high profile position for an assertive self-directed individual seeking to fast track their sales career.
The Project Manager will be responsible for leading teams of people who provide analytical work for banking clients. The position is located in our Cleveland, Ohio office.
Do you have strong writing, analytical, and problem solving skills? AML RightSource is looking for a Compliance Analyst.
Financial crimes are a global epidemic, serving as a constant reminder that crime does not discriminate and cannot be contained at the border. If you recall from our last article, 'Threat Finance Spotlight on the Democratic People's Republic of Korea', illicit actors are rapidly unearthing new tactics, techniques, and procedures (“TTPs”) to gain access to and exploit the financial system. How is the world responding, as a result? Surprisingly, in unison. There has been a broad global consensus pertaining to the necessity of anti-money laundering (AML) laws and regulations.
What goes into designing, implementing, and sustaining a high performing Financial Intelligence Unit (FIU)? With the Association of Certified Financial Crime Specialists (ACFCS), join AML RightSource leaders Vic Maculaitis, Anthony Lear, and John Wintrow on Wednesday, August 2nd 1:00 - 2:00 PM EST to learn more.
The BSA/AML Quality Assurance Analyst will be responsible for the direct supervision and review of multiple compliance analysts.
2-3 years of AML experience is absolutely required. This position requires experience actually performing transaction monitoring and customer due diligence related tasks. Bachelor's Degree minimum.
In this post, we closely examine the current global threat environment and more specifically, the innovative tactics, techniques and procedures (“TTP”) exploited by illicit actors to launder US funds through evasion of US economic sanctions against the Democratic People’s Republic of Korea (“DPRK”). Ask yourself as you read this article whether or not your FI’s AML and OFAC compliance programs have the appropriate safeguards in place to avoid such exploitation.
Are all rules created equal? How do you design effective transaction monitoring rules that are capable of capturing the vast majority of money laundering and related illicit activities? In this post, we take a closer look at a US financial institution’s (“FI”) AML transaction monitoring environment. Specifically, we examine how an FI can ensure comprehensive transaction risk coverage by utilizing a targeted top-down approach in the development of its monitoring rules.
AML RightSource, a Gabriel Partners Company, is pleased to announce its affiliate membership with the Association of Certified Financial Crime Specialists (ACFCS).
Effective April 2017, Anthony Lear has joined AML RightSource, a Gabriel Partners Company, as Director of Operations. Mr. Lear will operate out of AML RightSource's Phoenix, Arizona office.
Where do look back and 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 years.
This month AML RightSource started a new initiative to recognize employees who are going above and beyond. Employees who are recognized each month for their efforts are called "Rock Stars".
University at Buffalo School of Law features Frank Ewing, Partner & Assistant General Counsel of AML RightSource, as a prominent alumni.
Transnational Trade-Based Money Laundering ("TBML") constitutes one of the most challenging and malevolent forms of money laundering to investigate. According to Immigration and Customs Enforcement ("ICE"), "Criminal organizations frequently exploit global trade systems to move value around the world by employing complex and sometimes confusing documentation associated with legitimate trade transactions." The flagrant volume of the criminal activity has resulted in ICE establishing the Trade Transparency Unit, designed to target transnational trade-based money laundering worldwide.
At the onset of a new administration piloted by President-Elect Donald Trump, propelled by the potential of financial deregulation and anticipated changes in the international regulatory framework, the anti-money laundering (“AML”) infrastructure hangs in the balance.
Where does your institution’s Anti-Money Laundering (“AML”) strategy place its focus? Is compliance your goal?
Law enforcement officials, banking executives, and vendor representatives spoke at sessions covering everything anti-money laundering from a regulatory perspective to staffing and training recommendations. Real life examples such as El Chapo, the Bangladesh bank cyberheist, and well-known fraud schemes were used to educate attendees on money laundering. Regulations were discussed and it was clear that they are not going away any time soon.
The demand for AML/BSA personnel is higher than ever before. And while demand is at an all-time high, the supply of smart, well-trained people is deficient. This simple issue is crippling banks’ ability to stay current with their day-to-day operations.
As of July 2016, AML RightSource announced new Financial Crimes Advisory (FCA) services. The practice is an addition to our current services, which include transaction monitoring, enhanced due diligence reviews, and other AML/BSA co-sourcing solutions.
AML RightSource is excited to name Vic Maculaitis as Partner/Head of Financial Crimes Advisory. "His practice will greatly expand our current advisory capabilities and will allow us to better serve our clients," said Frank Ewing, Partner/Assistant General Counsel of AML RightSource. Mr. Maculaitis and the Financial Crimes Advisory practice will be based out of the firm's Phoenix office.
Abraham Lincoln is rarely associated with failure.
But as history tells us, Lincoln was a failed businessman long before he was our sixteenth president.
If you've ever had a relationship fade out after a few dates, then odds are you already know what it's like to have a failed vendor relationship.
At first, you wonder how you could have been so wrong. But after some quiet reflection, you realize that maybe, just maybe, your initial screening process was not as strong as you once thought. As time goes on, you realize the warning signs were present from the onset, and that your troubles could have been avoided if you simply asked better questions at the beginning of the courtship.
So much like your personal life, there are a few necessary steps to take during the vendor courtship stage to make sure you are not left sitting alone, wondering why things did not work out.
Daily Fantasy Sports (DFS) present legal challenges to state and federal governments, leaving banks to ensure that their compliance programs effectively identify illegal funds, including gambling proceeds.
Gabriel Partners (and its subsidiary AML RightSource) has announced it will expand its operations and footprint by opening a new operating facility in Phoenix, Arizona. The new location is expected to be operational by June 1, 2016.
The New Year is upon us - time to eat better, work out more, and focus on career. And, let's be honest, by "focus on career" what we mean is:
"I want to get promoted."
"I want to make more money."
The key to achieving either of these objectives is simple - you must learn the difference between do-ing your job and creating value.
Houston, We Have a Problem
We've all been in that meeting. You know, the one where we talk about the number of widgets that need to be assembles by a certain date and the fact that our teams are not assembling them at the pace we intended. I affectionately call this the "ut-oh" meeting.
The "ut-oh" meeting is all-too-common, but the good news is that it's completely avoidable if you can identify and mitigate the top three reasons causing your production issues.
You need to develop your AML department like a professional sports team; gather a healthy balance of veterans, free agent acquisitions, and a strong core of promising rookies developed by your farm system.