CLEVELAND--(BUSINESS WIRE)--AML RightSource, a leader in Anti-Money Laundering (“AML”), Bank Secrecy Act (“BSA”), and Financial Crimes compliance services, announced today that it has appointed John J. Byrne to Vice Chairman. In November 2017, Byrne was named to AML RightSource’s Board of Directors, and he will continue as a Director. In his expanded role as Vice Chairman, he will play a significant role in strategic planning, business development, organizational design, and employee training and development.
Byrne will continue to serve as a senior advisor to the Association of Certified Anti-Money Laundering Specialists (ACAMS) Advisory Board, where he previously served as Executive Vice President. ACAMS is the largest international membership organization dedicated to advancing the professional knowledge, skills and experience of those dedicated to the detection and prevention of money laundering around the world. The organization promotes the development and implementation of sound anti-money laundering policies and procedures.
Before joining AML RightSource as Vice Chairman, Byrne served as President of Condor Consulting LLC, at Bank of America as Global Regulatory Relations Executive and with the American Bankers Association as the first Director of its Compliance Center. He is an internationally known regulatory and legislative attorney with more than 30 years of experience in banking and financial crimes issues. He has particular expertise in all aspects of regulatory management, financial crime and anti-money laundering compliance. He has extensive background in leadership positions in trade associations, financial services industry groups and government working groups.
“It is a tremendous opportunity to support AML RightSource in enhancing and assisting the AML profession in responding to evolving global challenges,” said Byrne. “We will continue to serve the AML community and are dedicated to preventing and reporting those that use the financial system to prey on society.”
Byrne has written about issues related to terrorist financing, money laundering, privacy and consumer compliance. He has been quoted extensively in media outlets in the United States and abroad and is the recipient of a numerous awards for his writing, podcasts and career leadership.
“John is a thought leader in the field of anti-money laundering, and we expect his deeper partnership and engagement with AML RightSource will allow our clients to improve their AML/BSA outcomes and aid the financial industry to combat the threat of financial crime,” said Frank Ewing, CEO of AML RightSource. “Expanding our relationship with John was a logical progression. His deep industry knowledge and understanding will benefit both our company and our customers.”
About AML RightSource
AML RightSource is the leading provider of AML/BSA and Financial Crimes co-sourcing solutions. With nearly 600 AML/BSA professionals, AML RightSource provides highly-trained AML/BSA professionals and subject matter experts to assist clients in meeting their AML/BSA regulatory demands. The company’s current services include transaction monitoring, alert backlog management, enhanced due diligence reviews, and financial crimes advisory services. AML RightSource, a Clarion Capital Partners portfolio company, is headquartered in Cleveland, Ohio, and has additional facilities in Hudson, Ohio and Phoenix, Arizona. Additional information on AML RightSource can be found at www.amlrightsource.com.