AML Conversations22 Joulu 2025

Navigating the AML Crossroads: 2025 in Review and What's Next

In this candid year-end conversation, John Byrne and Sarah Beth Felix dissect an unprecedented year in AML enforcement. Felix, President of Palmero Consulting and creator of "Dirty Money Weekly," describes what she sees as systematic dismantling of AML infrastructure despite stated priorities of combating fentanyl and transnational criminal organizations. With only four enforcement actions from traditional federal banking agencies compared to FINRA's 20+ penalties, the landscape has shifted dramatically. The discussion explores Treasury's proposal to give FinCEN veto authority over banking agency BSA decisions - a move Felix warns could create massive bottlenecks. They examine troubling patterns in recent OFAC sanctions penalties where entities disregard guidance while violations flow through traditional banks. Felix shares skepticism about AI replacing the "hyper suspicious" human judgment essential to AML work, noting AI tools consistently fail basic sanctions questions. The conversation addresses the stark gap between U.S. and European cryptocurrency regulation, with America applying 40-year-old money service business laws to digital assets while the EU has comprehensive frameworks like MiCA. Looking ahead to 2026, Felix urges AML officers to use reduced regulatory scrutiny strategically - eliminating legacy policies that waste time while remembering everything missed now can trigger future enforcement. She emphasizes focusing on cartels and foreign terrorist organizations, which now carry criminal liability for banking officers, and proactively auditing customer sanctions programs.

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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 coll...

26 Kesä 21min

FinCEN Expands 314(b), Global AML Crackdowns, and Rising Regulatory Tensions

This week on This Week in AML, Elliot Berman and John Byrne unpack major developments shaping the financial crime landscape. They discuss FinCEN’s guidance expanding Section 314(b) information-sharing...

19 Kesä 17min

What Customers Really Want - Evolving Expectations

In this episode of Third Party Risk Perspectives, host Elliot Berman sits down with Christopher Sindik of Blue Umbrella to explore what clients are truly looking for in today’s third-party risk manage...

17 Kesä 16min

FinCEN’s New Advisory, Debanking Tensions & the Rise of Chinese Money Laundering Networks

This week on This Week in AML, Elliot Berman and John Byrne break down a wide range of developments shaping the financial crime landscape. They unpack a new joint advisory from FinCEN and federal bank...

12 Kesä 19min

Fed Independence, Sanctions Lessons, and Global Financial Crime Risks

In this episode of This Week in AML, John Byrne and Elliot Berman break down key developments shaping the financial crime and compliance landscape. The conversation opens with reflections on Federal R...

5 Kesä 18min

Monthly Chat with Sarah Beth Felix

In this episode of AML Conversations, John Byrne is joined by Sarah Beth Felix, author of Dirty Money Weekly, for an in-depth discussion on the biggest developments impacting financial crime complianc...

4 Kesä 27min

Recent Trends in Due Diligence

In this episode of Third Party Risk Perspectives, Elliot Berman is joined by Christopher Sindik of Blue Umbrella to break down the latest trends shaping due diligence and third-party risk management i...

3 Kesä 17min

From AML to AI - Denisse Rudich on What Regulators Are Really Doing with Artificial Intelligence

In this episode of AML Conversations, host Vesna McCreery sits down with Denisse Rudich - financial crime expert, regulatory advisor, and FCA AI Lab cohort participant - to explore how regulators are ...

29 Touko 37min