FinCEN's Fraud Focus, Corruption Questions, and Crypto Compliance Challenges

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 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.

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OCC Layoffs, AI Regulation, and a $6.9 Billion Sanctions Evasion Scheme

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 ...

25 Syys 20min

John Roth on 9/11, Terrorist Financing, and Why Independent Watchdogs Matter

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 ...

24 Syys 29min

Clarity Stalls, Deepfakes Come Down, and VTB Gets Designated Again

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 thir...

18 Syys 19min

Treasury Actions, Digital Asset Risks, and 25 Years After 9/11

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...

11 Syys 21min

Never Forget 25 Years After 9 11, Where We've Been and Where We're Going

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 Financi...

11 Syys 49min

Global Enforcement Actions, Prediction Market Battles, and a New Era of Bank Supervision

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 We...

4 Syys 24min

Doing Right - From Prosecutor to Reformer - Jeff Schlanger

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 re...

3 Syys 47min

How Sanctioned Networks Slip Through - OCCRP's Zack Kopplin on Defense Contracts, Shell Companies, and Golden Passports

How 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 indivi...

2 Syys 35min

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