Frank Cummings

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CEO

AML Partners LLC

Member since

02 Jun 2022

Location

Concord

Latest opinions

The Legitimacy Life-Cycle – All Risk Mitigated

The Legitimacy Life-Cycle – All Behavioral Risk Mitigated Lifecycle management has become an AML Compliance buzzword. But it’s often just new wrapping on the same old package. The Legitimacy Lifecycle, in sharp contrast, looks at the lifecycle challenge with a comprehensive emphasis on Risk relevance and Risk mitigation. Unlike other lifecycle-mana...

28 October 2022 RegTech

Hosted Managed Services for KYC/AML, really?

Hosted Managed Services--A crucial option for institutions striving to maximize RegTech capabilities, focus on core business Custom fit. Tailored. Bespoke. Made to order. If you’ve been tracking trends in RegTech and GRC solutions, you might recognize how those terms describe an innovative new direction: hosted managed services. Prior to the pande...

12 September 2022 RegTech

What AML rules should I run

That’s the question I get asked most often by AML Compliance colleagues--and it’s the question that worries me the most. That question tells me that the financial institution likely has a major problem with its Risk-based Approach. I’ve been doing AML for close to 20 years now, the first seven implementing “other people’s software” or just Ops wo...

06 September 2022

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