Together, Reducing Fraud Worldwide

  •  Money Laundering Schemes: Identifying and Investigating 

     

     
    DAY ONE 
    DAY TWO 
    7:30 a.m. - 8:00 a.m.    Registration & Breakfast Pastries  Breakfast Pastries 
    8:00 a.m. - 9:20 a.m. 

    The Basics of Money Laundering 

    Discuss money laundering and when it is used, different types of money laundering and other methods of concealing assets, and the money laundering process: placement, layering and integration. 

    Investigating Money Laundering, Part 1 

    Examine the profile of a money launderer, net worth analysis, the expenditures method of investigation and how to find information by using bank-deposits. 

    9:20 a.m. - 9:35 a.m.  Break  Break 
    9:35 a.m. - 10:55 a.m.  Traditional Money Laundering Methods, Part 1
    Money laundering is a common way to conceal assets. Learn how traditional schemes like cash vs. non-cash transactions, deposits to financial institutions, wire transfers and front business work and what to do to seek them out.
    Investigating Money Laundering, Part 2
    This session will inform you of offshore money laundering havens, tax havens and legal obstacles for money laundering and will give you resources for international investigations. 
    10:55 a.m. - 11:10 a.m.  Break  Break 
    11:10 a.m. - 12:30 p.m.  Traditional Money Laundering Methods, Part 2
    Continue discussing some of the most traditional money laundering schemes like fictitious identities, offshore transactions, insurance policies and investments. 
    Knowing and Complying with Money Laundering Laws
    Discuss the Bank Secrecy Act, the Patriot Act, Federal Money Laundering Statutes, the Dodd-Frank Act, and the UK Bribery Act, and how each relates to money laundering schemes and how to apply them.  
    12:30 p.m. - 1:30 p.m.  Group Lunch  Lunch on Your Own 
    1:30 p.m. - 2:50 p.m. 

    Emerging Payment Methods and Schemes 

    New payment technologies to launder funds are surfacing. Learn about online payments/e-cash, mobile payments, prepaid items, digital and virtual currencies, and other ways to launder money that are not yet most common.

    Reporting, Resolving and Remediating 

    Learn how to report a money laundering investigation and money laundering remedies that are available. Also, discuss corrective measures such as review policies and training, creating a data monitoring platform and how to ensure best practices with AML regulations.

    2:50 p.m. - 3:05 p.m.  Break  Break 
    3:05 p.m. - 4:25 p.m.   Detection
    Arm yourself for the detection of money laundering by discussing data mining and analysis, transaction monitoring, and red flags for individuals and businesses.
    Practical Problem
    Dissect a fact pattern involving a mix of traditional schemes and new payment methods, while working with investigatory and legal issues. 

     

    Event Details