Why Should You Attend:
Since the criminalization of money laundering and the creation of Bank Secrecy Act (BSA) provisions, along with the more recent USA Patriot Act, banks have been preventing, identifying and developing ways to stop criminal activity from flowing through their doors. Yet, usually, financial criminals are one step ahead in their schemes and processes compared to governments or banks. How do you combat against what you do not know? How can you prevent something if you are not looking in the right direction?
This webinar highlights the complexities of modern day proactive compliance departments. This course will examine the differences between the confusing and often misapplied terms money laundering (ML) and terrorist financing (TF). Although the crimes independent of each other can be used in conjunction, their concepts, efforts and typologies are different. This course will identify those differences, show how to detect similar cases and ultimately how to protect and defend against these different crimes.
Areas Covered in the Webinar:
Truly define the terms and crimes of Money Laundering and Terrorist Financing
Explain how other financial crimes can be part of the ML or TF scheme
Identifying typologies and concepts of each crime
Defining a Proactive Compliance Department for;
Data analysis
Resource development and training
Monitoring systems and parameters
Identifying the attempted or committed crime
Reporting
Becoming proactive and not reactive
Government resources to contact
Life cycles of Money Laundering and Terrorist Financing crimes
Banking case studies of current ML & TF approach and their pitfallsanking case studies of current ML & TF approach and their pitfalls
Since the criminalization of money laundering and the creation of Bank Secrecy Act (BSA) provisions, along with the more recent USA Patriot Act, banks have been preventing, identifying and developing ways to stop criminal activity from flowing through their doors. Yet, usually, financial criminals are one step ahead in their schemes and processes compared to governments or banks. How do you combat against what you do not know? How can you prevent something if you are not looking in the right direction?
This webinar highlights the complexities of modern day proactive compliance departments. This course will examine the differences between the confusing and often misapplied terms money laundering (ML) and terrorist financing (TF). Although the crimes independent of each other can be used in conjunction, their concepts, efforts and typologies are different. This course will identify those differences, show how to detect similar cases and ultimately how to protect and defend against these different crimes.
Areas Covered in the Webinar:
Truly define the terms and crimes of Money Laundering and Terrorist Financing
Explain how other financial crimes can be part of the ML or TF scheme
Identifying typologies and concepts of each crime
Defining a Proactive Compliance Department for;
Data analysis
Resource development and training
Monitoring systems and parameters
Identifying the attempted or committed crime
Reporting
Becoming proactive and not reactive
Government resources to contact
Life cycles of Money Laundering and Terrorist Financing crimes
Banking case studies of current ML & TF approach and their pitfallsanking case studies of current ML & TF approach and their pitfalls
