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DAY ONE
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DAY TWO
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| 7:30 a.m. - 8:00 a.m. |
Registration - Breakfast Pastries
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Breakfast Pastries
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| 8:00 a.m. - 9:20 a.m. |
Introduction/Hiding Cash
Naturally, cash is the medium of choice for illicit funds. In this session we will discuss the most common methods for hiding cash. You will also be introduced to the case study of Dan Watkins. During the next two days, you will use what you learn in class to examine Mr. Watkins’ lifestyle and finances and how to locate his ill-gotten gains.
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Moving Money Undercover
From financial institutions to internet casinos, jewelry stores, and import-export firms, many companies are victims or involved in laundering schemes. Explore the red flags associated with victim companies as well as those of perpetrators and the methods they use to launder illicit funds. Tax havens, off-shore transactions, fictitious identities, front businesses, wire transfers and much more will be considered in this session.
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| 9:20 a.m. - 9:35 a.m. |
Break
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Break
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| 9:35 a.m. - 10:55 a.m. |
Videotape Screening: Making Crime Pay
This video presentation will provide you with an excellent overview of how people attempt to make crime pay by concealing and spending their loot. It provides expert commentary as well as an interview with a convicted fraudster who tried, but failed, to hide his bounty.
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Regulation and Compliance
Here we will discuss federal and state laws pertinent to this subject including the USA Patriot Act, FINCEN regulations, Bank Secrecy Act and others. Discover here how to keep your company in compliance with money laundering regulations and what regulators are doing to combat the movement of illicit funds.
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| 10:55 a.m. - 11:10 a.m. |
Break
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Break
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| 11:10 a.m. - 12:30 p.m. |
Offshore Havens
At one time, laundering money through off-shore corporations was easy. Now the asset-hider must be more sophisticated. You will learn how individuals move funds in and out of the country to avoid detection.
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Investigating Money Laundering
Our discussion in this section will be two-fold. We will look at investigative methods directed at individuals and those procedures designed to investigate front companies. We will consider the similarities and differences between money laundering investigations and other types of fraud investigations. Techniques such as business and financial profiles will be explored through actual case examples.
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| 12:30 p.m. - 1:30 p.m. |
Group Lunch
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Lunch on Your Own
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| 1:30 p.m. - 2:50 p.m. |
Investment of Ill-Gotten Gains
In this section, you will be introduced to the methodologies typical to investing ill-gotten gains: stocks and bonds, business investments, real estate holdings, other liquid instruments, as well as loans to relatives, friends, and business associates.
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Investigating Money Laundering (Continued)
Our discussion of investigation continues with topics such as investigating foreign financial transactions without leaving the United States, turning an inside witness, and obtaining documentary evidence. We will also cover going overseas to perform the investigation and considerations which must be made including local business practices, laws and customs of other countries.
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| 2:50 p.m. - 3:05 p.m. |
Break
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Break
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| 3:05 p.m. - 4:25 p.m. |
Money Laundering
Gain an understanding of the extent of money laundering while discussing governments’ increased efforts to battle against money launderers and terrorist financiers. The foundation of the rest of the class will be set as we look at the stages of laundering money and define acts that constitute money laundering activity.
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Sources of Information and Recovery of Hidden Assets
Although public record information is important in almost every type of fraud case, it is of particular importance in tracing illicit funds. You will learn how to find and gather all types of public record information and which types will be of the most importance in tracing funds. Once you locate the ill-gotten gains, what then? This session will discuss the various legal procedures available to get back the illicit funds, such as civil suits, criminal prosecutions, forfeiture, attachment, and seizure.
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