August's Wrap

August is coming to a close, and you know what that means—it's time for the AML RightSource Monthly Wrap!

Stay ahead of the curve and keep your finger on the pulse of the latest anti-money laundering developments. Our exclusive Monthly Wrap is packed with essential updates and insights that could have a significant impact on your business. Don’t miss out! Subscribe now to ensure you're always informed and ready to tackle the challenges of compliance head-on.

Together, we’re not just meeting the standards—we’re Reimagining Compliance and embracing the limitless possibilities that lie ahead!

Welcome Kai Rilling, Senior Vice President, Global Client Delivery

Kai Rilling?has recently joined AML RightSource as the Senior Vice President, Global Client Director. We are truly excited to welcome Kai to our team and look forward to the positive impact he undoubtedly bring to the team. Welcome aboard, Kai!

Enhancing Name Screening with AI and Large Language Models

Check out the latest article written by our Head of Product, AML/KYC, Patrick Bowe, on "Enhancing Name Screening with AI and Large Language Models." for N2K | CyberWire.

Learn how AML RightSource is revolutionizing the way we identify and mitigate risks for high-risk customers and entities in the banking industry using cutting-edge AI and LLM technology. Read the full article here.

SME Spotlight: Andrew Gazdak, Director of Sales, Banking & FinTech

Andrew Gazdak has been a key player in our company for years, bringing a wealth of knowledge and experience to the table. Starting as a BSA analyst in 2015, he has consistently delivered top-notch support and solutions to our partners.

His expertise has led to outstanding results and regulatory compliance for our clients! Join us in celebrating Andrew Gazdak and his contributions to our team! Learn more about Andrew here.

AML Voices: How Adverse Media Monitoring Can Enhance Your KYC and EDD Effectiveness

Effective KYC and EDD processes are crucial to managing risk in financial services and corporate organizations. These activities can be very labor intensive, so automated internal information gathering is very valuable.

Understanding what your customers or vendors are doing outside their relationship with you is essential. Adverse Media Monitoring is a critical tool in this effort. Our expert panel ( Elliot Berman and Christopher S. ) will discuss the state of AMM tools, how to deploy them, and the benefits of adding them to your risk management workflows. Register now!

AML RightSource Joins Run For Rainbow!

On Saturday, August 17, we had the pleasure of joining the 4th Annual Run for Rainbow 5k at Cleveland Metroparks Zoo . Our dedicated team members, including Alexandra Nash, CAMS , Adrianna Wolfe , Alyson Bujnoski , Jessica Edwards, Esq., CAMS , Chelsea Robbins , Jack Smith, Amy Petric, and Andrew L. , participated in this event, demonstrating our strong support for the community.

This event is more than just a run; it’s a celebration of community, health, and the incredible work done by University Hospitals Rainbow Babies and Children's Hospital. As a leading force in research, innovation, and support for mothers, babies, and prenatal care, UH is dedicated to making a difference in our community! A big thank you to the University Hospitals and Rainbow Babies and Children's Hospital for hosting this fantastic event!

Join AML RightSource!

Looking for a new career opportunity in the Anti-Financial Crime domain? We're currently hiring globally and offering a unique chance to work with industry leaders in FCC. Hear from?Ashok Arora, our Manager of Client Delivery, and Amit Kumar , who started their journeys with AML RightSource and strategically leveraged their skills and expertise to reinvent their careers, finding a new passion in the compliance sector.

At our AML RightSource, you'll have the chance to expand your expertise and further your career in a supportive and dynamic environment. Our world-class training programs focus on building technical skills and offer a range of professional development opportunities to enhance your leadership, communication, problem-solving, and critical-thinking abilities.

We value talent and provide a clear path for growth and success. Join our team and be a part of a culture that celebrates achievement and embraces diversity. We pride ourselves on our "glocal" culture, bringing together the best of both global and local perspectives. Don't miss out on this exciting opportunity to join a team of experts and take your career to the next level. Apply now!

The Five Pillars of an AML Compliance Program

Understanding the Five Pillars of an AML Compliance Program is crucial for robust risk management and regulatory adherence. In our?blog, we dive deep into these essential pillars that form the backbone of an effective AML strategy. Learn more here.

In our latest episode of The Solutions Series, we explore the crucial role of Adverse Media Monitoring in Risk Management. Once considered a 'nice-to-have,' Adverse Media Monitoring is now a 'must-have' in the ever-evolving landscape of risk management. As financial crimes become more sophisticated, organizations must adapt their compliance strategies. Tune into the full episode here.

This Week In AML Podcast

Every Friday, our experts, John Byrne and Elliot Berman, discuss the latest events impacting the financial crime compliance community. Their lively chats cover various topics across the global financial services space, from regulation to enforcement actions to compliance best practices to national policy!

Stay on top of what’s happening in AML compliance by tuning into #TWIA every Friday here or wherever you get your podcasts.