Red Flags of Money Laundering and How to Mitigate Risk Against the Crime of Financial Facilitation of Criminal Activity

Criminals and criminal enterprises constantly manipulate the banking system to move their illegal proceeds through financial institutions. Their methods and trends are always changing, so investigative personnel, accountants, auditors, and FIU personnel need to be aware of these activities. This course will instruct attendees on how to examine each transaction to determine the method, the reason, and potential destination of the funds to protect financial institutions during personal and business transactions.

Why Should You Attend:

As the world around us changes and technology allows us to perform financial transactions from anywhere in the world, FIU personnel are becoming frontline investigators in the prevention and detection of illegal funds entering and exiting their institutions.

This course will address the methods and trends that are impacting both the private and public sectors along with real life case studies detailing the methods criminals and criminal enterprises use to move illegal funds through your financial institution to their final destinations. The prevention and detection of money laundering must be handled through joint cooperation of both corporate investigators and AML investigators. The resources that each department holds will allow for a more in-depth analysis of all accounts suspected of money laundering.

Learning Objectives:

• Highlight the current methods and trends utilized by criminals and criminal enterprises to move illegal funds through financial institutions
• Provide a case study analysis addressing the key elements of prevention and detection

Areas Covered in the Webinar:

• The Money Laundering Transaction
• Current Methods and Trends in Money Laundering
• Investigative Responsibility of Financial Institutions
• Risk Factors when Money Laundering is Undetected
• Key Elements when Conducting an Account Analysis
• Working with Law Enforcement
• Case Studies Highlighting Methods Utilized by Organized Crime Perpetrators

Who Will Benefit:

• Financial institution branch managers
• Risk/compliance officers
• AML investigators
• Fraud investigators
• Corporate investigators
• Forensic accountants and auditors
• Certified fraud examiners (CFE)
• Certified anti-money laundering specialists (CAMS)
• Accountants tracing personal or business assets
• FIU personnel responsible for reviewing and tracking accounts