Ryan Wallerstein

Publisher at The Illicit Edge: Breaking News for Financial Crime Professionals. Subscribe for free and never miss a story!

[Illicit Edge @illicitedge]

How the NPRM on Reputational Risk Could Affect AML Officers

Federal Banking Shake-Up: What Regulators Are Really Signaling | FinCrime Unfiltered

Today's Topics:
Federal banking agencies issue coordinated statements
What’s changing in Model Risk Management (MRM)
The “Unsafe or Unsound Practice” clause explained
NPRM on Reputational Risk: New frontier in compliance
FinCEN’s updated FAQ for SARs and real-world implications

#FinCrimeUnfiltered #FinancialCrime #Compliance #BankingRegulation #FinCEN #AML

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[Illicit Edge @illicitedge]

Focusing through the Model Risk Management Updates

Federal Banking Shake-Up: What Regulators Are Really Signaling | FinCrime Unfiltered

Today's Topics:
Federal banking agencies issue coordinated statements
What’s changing in Model Risk Management (MRM)
The “Unsafe or Unsound Practice” clause explained
NPRM on Reputational Risk: New frontier in compliance
FinCEN’s updated FAQ for SARs and real-world implications

#FinCrimeUnfiltered #FinancialCrime #Compliance #BankingRegulation #FinCEN #AML

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Don’t forget to like, comment, and subscribe for more unfiltered takes on the world of financial crime.

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[Illicit Edge @illicitedge]

Federal Banking Shake-Up: What Regulators Are Really Signaling | FinCrime Unfiltered

Today's Topics:
Federal banking agencies issue coordinated statements
What’s changing in Model Risk Management (MRM)
The “Unsafe or Unsound Practice” clause explained
NPRM on Reputational Risk: New frontier in compliance
FinCEN’s updated FAQ for SARs and real-world implications

#FinCrimeUnfiltered #FinancialCrime #Compliance #BankingRegulation #FinCEN #AML

Proudly Supported by Castellum AI

Don’t forget to like, comment, and subscribe for more unfiltered takes on the world of financial crime.

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[Illicit Edge @illicitedge]

VC Firms MUST Ask About Sanctions when Investing in Financial Companies

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Stay ahead of the regulatory curve with sharp analysis, expert insight, and a look at how these moves could impact compliance teams, financial institutions, and global markets.

📷 Don’t forget to like, comment, and subscribe for more unfiltered takes on the world of financial crime.

#AML #FinCrime #Crypto #OFAC #FDIC #Sanctions

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[Illicit Edge @illicitedge]

FDIC's Survey Shows Need for AML Officer's to have Executive Authority

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Stay ahead of the regulatory curve with sharp analysis, expert insight, and a look at how these moves could impact compliance teams, financial institutions, and global markets.

📷 Don’t forget to like, comment, and subscribe for more unfiltered takes on the world of financial crime.

#AML #FinCrime #Crypto #OFAC #FDIC #Sanctions

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[Illicit Edge @illicitedge]

Institutional Issues with Structuring Cash Transactions

Hot Takes on U.S. AML Reform & John Hurley’s ACAMS Vegas Statement | FinCrime Unfiltered

Host Sarah Beth Felix dives into the real meaning behind U.S. Undersecretary of the Treasury John Hurley’s ACAMS Vegas statement — and what it could mean for the future of AML reform.

📷 Key Hot Takes & Quotes:
“As everyone in this field knows, there are useful SARs and not so useful SARs.”
SAR Complexity, Flooding the system, Communication gaps, Exam reform, AI innovation, De-risking dangers, Modernizing AML, and More!
Sarah Beth breaks down what’s rhetoric vs. what’s realistic — and why Hurley’s remarks may signal a turning point in the U.S. AML policy.

📷 Subscribe to FinCrime Unfiltered for weekly insights on enforcement, regulatory reform, sanctions, and AML strategy.

#FinCrime #AML #ACAMS #SARs #Compliance #FinCEN #FinancialCrime #Banking

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[Illicit Edge @illicitedge]

There is no Community that is Exempt from Dirty Money

Hot Takes on U.S. AML Reform & John Hurley’s ACAMS Vegas Statement | FinCrime Unfiltered

Host Sarah Beth Felix dives into the real meaning behind U.S. Undersecretary of the Treasury John Hurley’s ACAMS Vegas statement — and what it could mean for the future of AML reform.

📷 Key Hot Takes & Quotes:
“As everyone in this field knows, there are useful SARs and not so useful SARs.”
SAR Complexity, Flooding the system, Communication gaps, Exam reform, AI innovation, De-risking dangers, Modernizing AML, and More!
Sarah Beth breaks down what’s rhetoric vs. what’s realistic — and why Hurley’s remarks may signal a turning point in the U.S. AML policy.

📷 Subscribe to FinCrime Unfiltered for weekly insights on enforcement, regulatory reform, sanctions, and AML strategy.

#FinCrime #AML #ACAMS #SARs #Compliance #FinCEN #FinancialCrime #Banking

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[Illicit Edge @illicitedge]

Takeaways from Guidance on Mexico timeshare joint notice

FINCEN’s Busy Week, Border GTO & OCC Shake-Up | FinCrime Unfiltered

Host Sarah Beth Felix unpacks a whirlwind week in financial crime and compliance, with critical updates every compliance officer needs to hear:

FINCEN’s Busy Week — key takeaways from multiple announcements and regulatory actions.
Financially Motivated Sextortion — new notice highlights urgent red flags for institutions.
Border Geographical Targeting Order — reporting rule changes and what they mean in practice.
FINCEN’s Cross Border Guidance — why “proceed with caution” is the message for banks and MSBs.
OCC’s Supervisory Framework Changes — what the shift could mean for oversight and enforcement.

#FinCrime #FINCEN #OCC #AML #Compliance #FinancialCrime #Sextortion #Banking

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[Illicit Edge @illicitedge]

Why FINCEN's Requirements Should Be Secret

FINCEN’s Busy Week, Border GTO & OCC Shake-Up | FinCrime Unfiltered

Host Sarah Beth Felix unpacks a whirlwind week in financial crime and compliance, with critical updates every compliance officer needs to hear:

FINCEN’s Busy Week — key takeaways from multiple announcements and regulatory actions.
Financially Motivated Sextortion — new notice highlights urgent red flags for institutions.
Border Geographical Targeting Order — reporting rule changes and what they mean in practice.
FINCEN’s Cross Border Guidance — why “proceed with caution” is the message for banks and MSBs.
OCC’s Supervisory Framework Changes — what the shift could mean for oversight and enforcement.

#FinCrime #FINCEN #OCC #AML #Compliance #FinancialCrime #Sextortion #Banking

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[Illicit Edge @illicitedge]

FINCEN’s Busy Week, Border GTO & OCC Shake-Up | FinCrime Unfiltered

Host Sarah Beth Felix unpacks a whirlwind week in financial crime and compliance, with critical updates every compliance officer needs to hear:

FINCEN’s Busy Week — key takeaways from multiple announcements and regulatory actions.
Financially Motivated Sextortion — new notice highlights urgent red flags for institutions.
Border Geographical Targeting Order — reporting rule changes and what they mean in practice.
FINCEN’s Cross Border Guidance — why “proceed with caution” is the message for banks and MSBs.
OCC’s Supervisory Framework Changes — what the shift could mean for oversight and enforcement.

#FinCrime #FINCEN #OCC #AML #Compliance #FinancialCrime #Sextortion #Banking

Proudly Supported by Hummingbird

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[Illicit Edge @illicitedge]

What's the connection between the Marshall islands and Iranian Terrorism?

In this episode of FinCrime Unfiltered, Sarah Beth Felix breaks down some of the latest global financial crime and compliance headlines you need to know:

IRS vs ISO Country Codes — why the difference matters for compliance teams.
Key Takeaways on OFAC’s Latest Penalty — what regulators are signaling with this action.
Marshall Islands — implications for shipping registries and global trade.
Bunq B.V. Penalty in the Netherlands — lessons from the Dutch central bank’s enforcement.

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#FinCrime #OFAC #Sanctions #AML #Compliance #Bunq #MarshallIslands #IRS #ISO
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[Illicit Edge @illicitedge]

Here's Why US Sanctions are so different from the rest of the world

Country Codes, OFAC’s Latest Fine, Marshall Islands + Bunq Penalty | FinCrime Unfiltered

In this episode of FinCrime Unfiltered, Sarah Beth Felix breaks down some of the latest global financial crime and compliance headlines you need to know:

IRS vs ISO Country Codes — why the difference matters for compliance teams.
Key Takeaways on OFAC’s Latest Penalty — what regulators are signaling with this action.
Marshall Islands — implications for shipping registries and global trade.
Bunq B.V. Penalty in the Netherlands — lessons from the Dutch central bank’s enforcement.

Proudly Supported by Castellum AI

#FinCrime #OFAC #Sanctions #AML #Compliance #Bunq #MarshallIslands #IRS #ISO

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Spotify: https://t.co/vNbeeGQrBf
Apple: https://t.co/pkQbEBbZLm

[Illicit Edge @illicitedge]

Country Codes, OFAC’s Latest Fine, Marshall Islands + Bunq Penalty | FinCrime Unfiltered

In this episode of FinCrime Unfiltered, Sarah Beth Felix breaks down some of the latest global financial crime and compliance headlines you need to know:

IRS vs ISO Country Codes — why the difference matters for compliance teams.
Key Takeaways on OFAC’s Latest Penalty — what regulators are signaling with this action.
Marshall Islands — implications for shipping registries and global trade.
Bunq B.V. Penalty in the Netherlands — lessons from the Dutch central bank’s enforcement.

Proudly Supported by @CastellumAI

#FinCrime #OFAC #Sanctions #AML #Compliance #Bunq #MarshallIslands #IRS #ISO

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Spotify: https://t.co/vNbeeGPTLH
Apple: https://t.co/pkQbEBbrVO

[Illicit Edge @illicitedge]

Inside the FinCEN Lawsuit: Could It Reshape Anti-Money Laundering Rules?

Fair Banking, Mexican FinCEN Measures & UIGEA Explained | FinCrime Unfiltered

In this episode of FinCrime Unfiltered, Sarah Beth Felix breaks down major regulatory updates and compliance frameworks shaping financial crime prevention in the U.S. and abroad:

- FINCEN Extends Measures for Mexican Financial Institutions
- Executive Order on Guaranteeing Fair Banking for All Americans
- UIGEA (Reg GG)
- USA Patriot Act: Section 314A

Proudly Supported by Thomson Reuters

#FinCrime #AML #Compliance #RiskManagement
#FinCEN #PatriotAct #UIGEA #FairBanking

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Apple: https://t.co/pkQbEBbrVO

[Illicit Edge @illicitedge]

Fair Banking, Mexican FinCEN Measures & UIGEA Explained | FinCrime Unfiltered

In this episode of FinCrime Unfiltered, Sarah Beth Felix breaks down major regulatory updates and compliance frameworks shaping financial crime prevention in the U.S. and abroad:

- FINCEN Extends Measures for Mexican Financial Institutions
- Executive Order on Guaranteeing Fair Banking for All Americans
- UIGEA (Reg GG)
- USA Patriot Act: Section 314A

Proudly Supported by Thomson Reuters

#FinCrime #AML #Compliance #RiskManagement
#FinCEN #PatriotAct #UIGEA #FairBanking

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Apple: https://t.co/pkQbEBbZLm

[Illicit Edge @illicitedge]

Registered Investment Advisor Rollback Impact

GENIUS ACT, HKMA Penalties + RIA Rollback | FinCrime Unfiltered
In this episode, Sarah Beth Felix breaks down The GENIUS Act and explores its potential impact on financial institutions and the broader compliance landscape. SB analyzes innovative or novel AML policies emerging globally, including recent developments from the Hong Kong Monetary Authority (HKMA)—with a close look at the penalties issued this week.

📷 Stay tuned for key operational takeaways for banks and credit unions, especially those banking RIAs, and what to expect next in compliance strategy and enforcement.

The Latest Episode of FinCrime Unfiltered is available NOW!

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#GENIUS #RIA #HKMA #Crypto #FinancialRegulations #RiskManagement #Sanctions

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Apple: https://t.co/pkQbEBbrVO

[Illicit Edge @illicitedge]

Here's Why Auditors NEED Raw Data

Time To Stir The AML Pot! | FinCrime Unfiltered
On this week's episode of FinCrime Unfiltered, Sarah Beth Felix decides it's time to stir the AML Pot! Sarah Beth reacts to OFAC's $11.8 Million Penalty on Interactive Brokers, OCC, FDIC + FRB's Safeguard Crypto Document, and Andorra's Court Sentencing 18 Executives to Prison for Money Laundering. Plus, SB shares why "A Clean Audit is not a GOOD Audit," and why an auditor needs raw data from their clients.

The Latest Episode of FinCrime Unfiltered is available NOW!

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#AML #Compliance #Banking #OFAC #Andorra #Crypto #FinancialRegulations #RiskManagement #KYC #Sanctions

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Apple: https://t.co/pkQbEBbrVO

[Illicit Edge @illicitedge]

Should Banking Executives Be Sentenced to Jail Time?

Time To Stir The AML Pot! | FinCrime Unfiltered
On this week's episode of FinCrime Unfiltered, Sarah Beth Felix decides it's time to stir the AML Pot! Sarah Beth reacts to OFAC's $11.8 Million Penalty on Interactive Brokers, OCC, FDIC + FRB's Safeguard Crypto Document, and Andorra's Court Sentencing 18 Executives to Prison for Money Laundering. Plus, SB shares why "A Clean Audit is not a GOOD Audit," and why an auditor needs raw data from their clients.

The Latest Episode of FinCrime Unfiltered is available NOW!

Proudly Supported by Hummingbird

#AML #Compliance #Banking #OFAC #Andorra #Crypto #FinancialRegulations #RiskManagement #KYC #Sanctions

YouTube: https://t.co/X5JQic5FP1
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Apple: https://t.co/pkQbEBbrVO

[Illicit Edge @illicitedge]

Here's Why The FinCEN Exam Manual Needs To Be Updated

WISE and Monzo Penalties + FinCEN'S Special Measures Update | FinCrime Unfiltered

The Latest Episode of FinCrime Unfiltered is available NOW!

Proudly Supported by Thomson Reuters Risk & Fraud Solutions

#FinCEN #AML #Compliance #Banking #Monzo #FinancialRegulations #RiskManagement #KYC #Sanctions

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[Illicit Edge @illicitedge]

Human Intelligence in Conflict Zones | Coercive Capital

The Latest Episode of Coercive Capital with @ElaineDezenski and Tom Sanderson is available NOW!

#finance
#compliance
#AML
#financialcrime
#intelligence

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