Originally Presented: March 30, 2011
Chris Swecker outlines steps to convergence (people, processes and technology), the interconnection between financial crimes and the advantages, obstacles, and myths of converging fraud and AML. He also discusses separate fraud and AML common processes and highlights how shared processes will make your financial institution more efficient and effective. Learn about FRAML and how it can help improve separate Anti-Money Laundering (AML) and fraud detection processes, including: 3 dimensions of consolidation; 4 categories of increased effectiveness; shortcomings of siloed anti-fraud and AML; ways various size FIs have implemented consolidation; the benefits of consolidation; best practices for embarking on a consolidation initiative;
Presenters
Chris Swecker
Financial Crimes Consultant and Attorney
Assistant Director, FBI (retired)
former Global Security Director, Bank of America
Chris Swecker has more than 30 years of experience in law enforcement, national security, legal, and corporate security/risk management. Chris served 24 years with the Federal Bureau of Investigation (FBI) before retiring as one of the bureau’s top officials. As Assistant Director, Chris was responsible for eight FBI divisions encompassing more than half of the FBI’s total resources. He led all FBI criminal investigations including money laundering, organized crime/drug trafficking and financial crime matters; established and led several crime focused national task forces; and testified before Congress on numerous financial crime issues such as identity theft, crimes against children, mortgage fraud, human trafficking, financial crimes, information privacy and data compromise, crimes on the Internet, drug trafficking and gangs. Swecker received the prestigious Presidential Rank Award for his service in Iraq and as Special Agent in Charge of the NC Office. He has appeared as a guest on numerous media programs including CNN, 60 Minutes, Good Morning America, C-SPAN’s Washington Journal, and The Oprah Winfrey Show. Chris is a frequent public speaker on financial crimes, money laundering and cyber crimes.
Charles Robertson, Verafin