Free Fraud Detection & AML Regional Seminars

Human Trafficking • CDD/EDD & Beneficial Ownership • Cybercrime • FinCEN Advisories • Fraud Prevention • BSA/AML Hot Topics

Free Fraud Detection & AML Regional Seminars

Human Trafficking • CDD/EDD & Beneficial Ownership • Cybercrime • FinCEN Advisories • Fraud Prevention • BSA/AML Hot Topics

Free Regional Seminars

Industry and product experts discuss trends in financial crime and banking technology, and provide in-depth training on detection and investigation strategies to help stop financial crime.

Special Guest Speaker:

Chris Swecker, Financial Crimes Consultant and former Assistant Director, FBI

Special Guest Speaker

Chris Swecker

Financial Crimes Consultant and Attorney

Assistant Director, FBI (retired)

Former Global Security Director, Bank of America

Topics:

SARs and Law Enforcement

Business Email Compromise (BEC)

About Chris

Chris Swecker has more than 30 years of experience in law enforcement, national security, legal, and corporate security/risk management. Chris served 24 years with the Federal Bureau of Investigation (FBI) before retiring as one of the bureau’s top officials. As Assistant Director, Chris was responsible for eight FBI divisions encompassing more than half of the FBI’s total resources. He led all FBI criminal investigations including money laundering, organized crime/drug trafficking and financial crime matters; established and led several crime focused national task forces; and testified before Congress on numerous financial crime issues such as identity theft, crimes against children, mortgage fraud, human trafficking, financial crimes, information privacy and data compromise, crimes on the Internet, drug trafficking and gangs.

Swecker received the prestigious Presidential Rank Award for his service in Iraq and as Special Agent in Charge of the NC Office. He has appeared as a guest on numerous media programs including CNN, 60 Minutes, Good Morning America, C-SPAN’s Washington Journal, and The Oprah Winfrey Show. Chris is a frequent public speaker on financial crimes, money laundering and cyber crimes.

Accreditation & Credits

5 CAMS, 6 CAFP, 6 CRCM credits, and up to 5 CPE credits

The FRAMLx Tour has been approved for 6 CAFP, 6 CRCM credits,*  5 CAMS credits, and is eligible for up to 5 CPE credits (Continuing Professional Education) towards accreditation programs, such as CFE and CFCS.

Attendees to this free educational event will receive a certificate of attendance for their records.

*This statement should not be viewed as an endorsement of this program or its sponsor.

Agenda

Agenda subject to change. Updated Feb.1, 2017.

8:30am

Registration

9:00am – 9:45am

A New Approach to Fight Complex Money Laundering Schemes

This session focuses on current and emerging issues for compliance professionals, including:

  • Guest Speaker: During this session, Chris Swecker will discuss examples of real cases that were generated by suspicious activity reports (SARs).
  • Discussion by industry experts on the landscape of BSA compliance and the challenges facing financial institutions, including detection, investigation and reporting of complex money laundering activity.
  • Review of real-life cases involving complex money laundering scenarios.
  • Overview of enhanced cross-institutional analytics and information sharing technology to help identify and prevent the flow of illicit funds.

9:45am – 10:30am

Combatting Human Trafficking: New Investigation Strategies

This session focuses on detection and investigation best practices for combatting Human Trafficking:

 

  • Discussion by industry experts on the challenges facing financial institutions in their efforts to combat Human Trafficking.
  • Review of industry advisories and red flag indicators to help financial institutions identify perpetrators and protect potential victims.
  • Walk-through of the complexities of a real-life Human Trafficking case involving multiple financial institutions and traffickers, and victims who were exploited for illicit gains.
  • Overview of enhanced cross-institutional analytics and information sharing technology to help identify and prevent Human Trafficking.

10:30am – 11:15am

Fraud Schemes & Scams: Preventing Check Deposit Fraud at your Institution

This session focuses on the challenges facing institutions from fraudsters targeting your customer’s accounts, including:

 

  • Discussion by industry experts on the current fraud landscape, including information about the types of fraud schemes affecting financial institutions and their customers.
  • Presentation of peer case studies on fraud trends, detection, and investigation strategies for deposit fraud.
  • Overview of best practices to enhance your fraud program including how to expedite processes for frontline and back-office staff for deposit reviews and alert triage.
  • Discussion on the variety and prevalence of fraud scams including lottery, work-from-home, and advance fee scam scenarios, and how to help protect your customers from incurring losses at the hands of fraudsters.

11:15am – 12:00pm

A Deep Dive into Online Banking Fraud: Account Takeover, Wire & ACH Fraud

This session focuses on the growing threat to financial institutions from cyber-enabled crimes and online banking fraud:

 

  • Guest Speaker: During this session, Chris Swecker will discuss the growing threat to financial institutions and their customers from Business Email Compromise (BEC).
  • Review of regulatory guidance and red flags from recent FinCEN advisories on Email Compromise Fraud and Cybercrime.
  • Discussion by industry experts on the current fraud landscape, including information about the types of fraud schemes affecting financial institutions and their customers.
  • Presentation of peer case studies on loss prevention, detection, and investigation strategies for online banking fraud and reporting of cyber-related events.
  • Overview of technology to detect and prevent online account takeover and unauthorized transfers from compromised accounts.
  • Discussion on how to strengthen your investigations and enhance required SARs for cyber-related activity with 314(b) information sharing, as recommended in FinCEN advisories.

1:00pm – 2:30pm

Ultimate Beneficial Ownership, Due Diligence and Risk Management

This session focuses on the new CDD rule, and how to identify, investigate, and monitor potential high-risk customers, including:

  • Discussion by legal experts on the new CDD rule, including the definition of Ultimate Beneficial Ownership (UBO), regulatory requirements for collection of information, and compliance tips.
  • Walk-throughs of legitimate and illegitimate use of corporate vehicles using examples from Panama papers, and FATF guidance.
  • Review of real-life cases of complex money laundering scenarios involving beneficial owners of shell corporations that used multiple institutions to mask their illicit activities.
  • Overview of best practices to standardize the collection, maintenance, and updating of due diligence-related information.
  • Presentation on best practices to understand the nature of banking relationships with your high-risk customers, including risk models, behavior setting, and review cycles for high-risk groups.