The Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) National Priorities identified Transnational Criminal Organizations (TCOs) as a significant threat. Financial institutions require a proactive approach to combat this threat.
Download the full slide deck from this insightful event, where anti-financial crime experts Denise Hutchings and Jim Richards delved into a real-life case that explores how a TCO masterminded an international conspiracy that employed a broad range of crimes — resulting in hundreds of victims and millions in funds laundered. Their discussion focused on the challenges financial institutions face in keeping pace with fraud and money laundering risks, as well as opportunities to proactively combat sophisticated criminal networks.
Highlights include:
- The challenges financial institutions face in keeping pace with fraud and money laundering risks.
- What institutions can do to prepare anti-financial crime programs based on AML/CFT National Priorities.
- Insights into how sophisticated international conspiracies are able to launder millions in funds, employing multiple crimes, while scamming hundreds of victims.
- How financial institutions can work together to proactively combat criminal networks and efficiently and effectively fight financial crime.