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BSA/AML Ins and Outs for 2015

John Byrne's latest take on BSA/AML priorities

BSA/AML Ins and Outs for 2015

Someone's knockin' at the door

Somebody's ringin' the bell

Do me a favor, open the door and let 'em in*

At the beginning of each year, major newspapers and magazines do an “In and Out” list. Such lists, partly serious, but mostly tongue in cheek and somewhat snarky, try to suggest what should be replaced.

I thought it would be “fun” (meaning, “have a sense of humor, folks”) to provide my AML list (ok, some pop culture references too) for 2015.

So, here is my attempt at directing the AML community for this year’s priorities:

 

Feel free to disagree or chime in with me, in the comment section below.

* From a fairly lame Paul McCartney song. But then, is any song by Paul lame? Naaah.

** Humor me.

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*** We can dream.

**** Again, we can dream.

John Byrne

John Byrne is President of Condor Consulting LLC and Senior Advisor to the Advisory Board  of the Association of Certified Anti-Money Laundering Specialists. ACAMS, with more than 55,000 members, develops anti-money laundering/sanctions/financial crime detection programs and certifies specialists in financial and non-financial businesses and government agencies. Byrne is a nationally known regulatory and legislative attorney with close to 30 years of experience in a vast array of financial services issues, with particular expertise in all aspects of regulatory oversight, policy and management, anti-money laundering (AML), privacy, and consumer compliance. He has written hundreds of articles on AML; represented the banking industry in this area before Congress, state legislatures, and international bodies such as the Financial Action Task Force (FATF); and appeared on CNN, Good Morning America, the Today Show, and many other media outlets. Byrne has received a number of awards, including the Director's Medal for Exceptional Service from the Treasury Department's Financial Crimes Enforcement Network (FinCEN) and the ABA's Distinguished Service Award for his career work in the compliance field. His podcast, “AML Now” (on ITunes) received a 2017 Communicator Award for hosting from the Academy of Interactive and Visual Arts. Byrne’s blog on AML and Fraud on BankingExchange.com received a Gold Hermes Award in 2016. John received the ACAMS Lifetime Service Award in September. Byrne can be e-mailed at john.byrne90@yahoo.com and don't miss John's updates on Twitter! You can find him at @jbacams2011

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