Archived Webinar

Crime Rings: The Intersection of Fraud and Money Laundering

How Criminal Enterprises Generate and Launder Their Illicit Proceeds

Originally Presented: October 17, 2018

Banks and credit unions are facing significant challenges to prevent financial crimes, such as money laundering and terrorist financing, as criminals become more sophisticated in their efforts to evade detection.

From criminal groups amassing millions in illicit profits by orchestrating online fraud schemes, to Human Trafficking, Human Smuggling, and Drug trafficking organizations using mule networks to facilitate the movement of criminal proceeds across borders — crime rings operating across multiple institutions are a real and growing threat.

This educational webinar provides insights into the trends and typologies of crime ring activity — including real-life examples of the intersection of fraud and money laundering activity in the context of organized criminal networks.

In this educational webinar, you will learn:

  • The role of fraud schemes in funding criminal organizations
  • Tactics used by criminal groups to move illicit funds through the US financial system
  • Walk through of real-life examples of crime rings that span multiple institutions
  • How technology and collaboration can overcome the challenges of a single institution’s limited view of activity.

Tagged as...

  •   314(b) Information Sharing
  •   Crime Rings
  •   Fraud
  •   Law Enforcement
  •   Money Laundering

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