White Paper

Fraud And Money Laundering: Birds of a Feather

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

Siloed thinking can harm your ability to prevent crime. By exploring the combination of fraud and AML,
you can improve your detection abilities and ultimately prevent financial crime.

In this white paper:
Chris Swecker, retired Assistant Director, FBI and former Global Security Director, Bank of America, presents real-life financial crime cases to support his argument that separating fraud detection from anti-money laundering negatively impact efforts to prevent financial crime.


A US Attorney’s ominous warning:

“Federal law requires banks to implement a robust and proactive anti-money laundering program to detect fraud and protect the public from harm. Other financial institutions should heed this warning: the Bank Secrecy Act applies to more than just drug and terrorist financing.”



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.

  •   FRAML
  •   Fraud
  •   Money Laundering