Archived Webinar

ACAMS Webinar: Financial Institutions Can Shed Light on “Invisible” Victims of Human Trafficking and Smuggling

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Originally Presented: November 24, 2014

Human trafficking and smuggling are immensely profitable crimes that generate mountains of illicit proceeds. Unlike the victims of most crimes, however, neither the underage victims of human trafficking nor the undocumented aliens who are exploited by human smuggling organizations will report these crimes to law enforcement. In a sense they are invisible to law enforcement.

Webinar Highlights and Learning Objectives:

  • Overview of human smuggling and human trafficking crimes
  • Use of “funnel accounts” to launder criminal proceeds
  • Challenges that financial institutions face in their detection efforts
  • Red flags and indicators for financial institutions
  • How collaborative networks and cross institutional detection can advance detection capabilities

Presenters

Brendan Brothers

Co-founder, Verafin

Brendan Brothers is a co-founder of Verafin, a leading provider of cloud-based fraud detection and anti-money laundering software with more than 1700 financial institution customers across North America.

Brendan is a computer engineer with specialized knowledge and deep expertise in advanced analytics.

He is widely recognized as an anti-financial crime subject matter expert and is a frequent presenter at industry conferences and events. Brendan is also the principal presenter for Verafin’s thought leadership webinar series on emerging industry topics in the area of anti-money laundering and fraud detection.

Chris Swecker

Financial Crimes Consultant and Attorney
Assistant Director, FBI (retired)
former Global Security Director, Bank of America

Chris Swecker has 30 years of experience in law enforcement, national security, legal, and corporate security/risk management. Swecker served 24 years with the Federal Bureau of Investigation (FBI) before retiring as Assistant Director of the FBI’s Criminal Investigative Division. He was responsible for eight FBI divisions including Cyber, Criminal, International Operations, Training, Crisis Management, Operational Technology, Criminal Justice Information and the Law Enforcement Liaison office encompassing more than half of the FBI’s total resources. Swecker also served as the FBI’s On Scene Commander in Iraq in 2003 where he led a team of FBI Agents conducting counter-intelligence and terrorism investigations.

Tagged as...

  •   314(b) Information Sharing
  •   Funnel Accounts
  •   Human Smuggling
  •   Human Trafficking
  •   Money Laundering