White Paper

Financial Institutions Face High Expectations to Detect and Report Invisible Victims of Human Trafficking and Smuggling

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

In this white paper, Chris Swecker discusses two particularly detestable criminal industries, Human Trafficking and Human Smuggling, that produce significant illicit proceeds that inevitably move through the financial system. These criminal enterprises present distinct challenges and various risks to financial institutions if they are not detected and reported under their BSA regimens. It is only a matter of time before a financial institution finds themselves in the crosshairs if they do not take immediate action to address and attempt to prevent these elaborate, inhumane crimes.

 

Author

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
  •   Crime Rings
  •   Funnel Accounts
  •   Human Smuggling
  •   Human Trafficking

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