Archived Webinar

The Scale and Impact of $3 Trillion in Financial Crime

Expert Panel on Nasdaq and Verafin’s Global Financial Crime Report

Originally Presented: February 8, 2024

Over $3.1 trillion in illicit funds flowed through the global financial system last year and fraud reached nearly a half a trillion dollars in losses.

In this special recording, industry experts Daniel Tannebaum, Oliver Wyman; Timea Nagy, global advocate, Jim Richards of RegTech Consulting join Brendan Brothers, EVP, Nasdaq Anti-Financial Crime and co-Founder of Verafin to discuss these and other findings from the recently released 2024 Global Financial Crime Report from Nasdaq and Verafin.

This special panel discussion takes a deep dive into the expert research and data, industry perspectives, and lived survivor experiences to reveal the scope of the world’s multi-trillion-dollar financial crime epidemic — and why it is more than a money problem.

 

Event Panelists

 

DANIEL TANNEBAUM
Partner, Global Anti-Financial Crime Practice Leader, Risk & Public Policy at Oliver Wyman
Senior Fellow at the Atlantic Council

Daniel Tannebaum is a Partner at Oliver Wyman where he leads the Global Anti-Financial Crime Practice. He has advised institutions on AML and Sanctions matters in over 30 countries across the Americas, EMEA and APAC. He’s led the design of target operating models, program governance frameworks, policies and procedures, and communication strategies for over a dozen global financial institutions. Formerly he served at the Federal Reserve Bank of New York and the Office of Foreign Assets Control, U.S. Department of the Treasury. Dan is a highly sought-after speaker on financial crimes issues and is often quoted in print publications and is a regular guest on business television and radio. He is also a Senior Fellow with the Atlantic Council.

 

TIMEA NAGY
Industry Expert and Advisor
Founder, Timea’s Cause 

Timea is an award-winning human rights activist, United Nations advisor, and best-selling author. Her journey as a survivor of sex trafficking has led her to become a leading voice and change-maker in the national and global movement against this heinous crime. In 2009, Timea founded Walk with Me, a non-profit organization that has helped over 300 victims and assisted over 500 human trafficking-related investigations throughout Canada. Her efforts have been widely recognized, including by Queen Elizabeth II and the Prime Minister of Canada, and her work has reached hundreds of thousands of people, sectors such as the financial industry and law enforcement, and social media giants such as Facebook and Airbnb. Timea’s memoir, Out of the Shadows, became an instant bestseller the week of its publishing date — nationwide.

 

JIM RICHARDS
Founder and Principal, RegTech Consulting LLC
Former Executive Vice-President and Director of Financial Crimes Risk Management, Wells Fargo
Senior Strategic Advisor, Verafin

Jim Richards is the Principal and Founder of RegTech Consulting, a private consultancy aimed at developing the next generation of BSA/AML and financial crimes professionals, technologies, and programs.

Prior to founding RegTech Consulting, Jim worked for almost 13 years at Wells Fargo & Co. as the BSA Officer and Global Head of Financial Crimes Risk Management. He was a founding member of the Association of Certified Anti-Money Laundering Specialists (ACAMS) Advisory Board, a three-time member of the Treasury Department’s BSA Advisory Group (BSAAG), and the author of Transnational Criminal Organizations, Cybercrime, and Money Laundering. Jim is currently working with Verafin in a role as Senior Strategic Advisor.

 

BRENDAN BROTHERS
EVP, Head of Anti-Financial Crime, Nasdaq
Co-Founder, Verafin 

Brendan, a Software Engineer and co-founder of Verafin, has used his expertise to support all aspects of the company since its inception in 2003. With his specialized knowledge of robotics, behavior-based analytics, and probabilistic networks, combined with nearly 20 years of deep-domain expertise in anti-financial crime, Brendan is considered an industry expert and thought leader on innovative approaches to combat fraud and money laundering.

Brendan serves as EVP and Head of Nasdaq’s Anti-Financial Crime (AFC) business, which provides anti-financial crime management solutions used by thousands of banks, exchange operators, and other financial institutions. With a strategic approach, he guides AFC teams towards a shared vision to protect all the world’s financial interactions.

  •   BSA/AML
  •   Fraud
  •   Human Trafficking