This webinar will help to understand the fundamental requirements of the BSA/AML statutes and Money Laundering strategies and techniques.
Money laundering continues to be a national concern. High levels of drug-related activity and violence have drawn additional attention. Terrorist activities need to be considered as well. Perpetrators have adapted to banks’ efforts so banks cannot combat the money laundering with yesterday’s methods. Software is widely installed to identify specific patterns and “unusual” transactions. But the fraudsters, who know this, are constantly striving to create illicit new patterns where their designed transactions cannot be flagged. Like in a game of chess, the advantage goes to the side that thinks the most moves ahead.
This webinar will provide valuable assistance to all personnel with AML responsibilities in banks or other financial institutions:
Jim George is an independent consultant to banks focusing on issues of fraud. He has over 25 years’ experience as a consultant to major banks in an associate partner and principal roles at PricewaterhouseCoopers Consulting, IBM Consulting in Bank Risk and Compliance, and Andersen Consulting (now Accenture). He has also been SVP Operations for a Fortis-US division providing outsourcing services to the banking industry. His work includes projects in fraud investigation, fraud prevention, identity issues, compliance, and AML (anti-money laundering). His background also includes work in bank operations and payments strategy, reengineering, systems, and quality improvement.