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Online CLE Anti-Money Laundering CLE

Fraud and Anti-Money Laundering: What Businesses Should Know and Do to Avoid Pitfalls

Live Webcast Date: Thursday, May 09, 2019 at 12:00 pm - 1:30 pm (ET)
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Add Reminder to My Calendar 05/09/2019 11:00 am 05/09/2019 1:30 pm America/New_York The Knowledge Group Webinar: Fraud and Anti-Money Laundering: What Businesses Should Know and Do to Avoid Pitfalls The event starts in an hour. If you have not registered, please go to the link below to sign up today.https://www.theknowledgegroup.org/checkout/?add-to-cart=106007\r\n Fraud and money laundering have prevailed to be among the most challenging threats faced by companies and organizations today. Every institution has become prone and exposed to these threats regardless of current mitigation and protection trends. \n \nWith this prevailing risk, it becomes more important for businesses and organizations to keep themselves abreast of the various strategies and practices that will help prevent the proliferation of these activities. Along with a stricter anti-money laundering (AML) enforcement, companies should remain cautious to better safeguard their businesses against such threats. \n \nIn this LIVE Webcast, a panel of thought leaders and professionals will provide the audience with a sneak peek of the current fraud and AML enforcement landscape. Speakers will discuss in depth the best strategies that businesses must know in light of the most recent fraud and money laundering activities. They will also enumerate practical tips to help organizations avoid risks and other pitfalls. \n \nKey topics include: \n \n \n The 2019 Anti-Money Laundering (AML) Landscape \n Regulatory Enforcement Priorities \n Recent Trends and Updates \n Common Risks and Pitfalls \n Practical Strategies to Prevent Fraud and AML \n What Lies Ahead \n \n https://www.theknowledgegroup.org/webcasts/fraud-and-anti-money-laundering/

Online CLE Anti-Money Laundering

Fraud and money laundering have prevailed to be among the most challenging threats faced by companies and organizations today. Every institution has become prone and exposed to these threats regardless of current mitigation and protection trends.

With this prevailing risk, it becomes more important for businesses and organizations to keep themselves abreast of the various strategies and practices that will help prevent the proliferation of these activities. Along with a stricter anti-money laundering (AML) enforcement, companies should remain cautious to better safeguard their businesses against such threats.

In this LIVE Webcast, a panel of thought leaders and professionals will provide the audience with a sneak peek of the current fraud and AML enforcement landscape. Speakers will discuss in depth the best strategies that businesses must know in light of the most recent fraud and money laundering activities. They will also enumerate practical tips to help organizations avoid risks and other pitfalls.

Key topics include:

  • The 2019 Anti-Money Laundering (AML) Landscape
  • Regulatory Enforcement Priorities
  • Recent Trends and Updates
  • Common Risks and Pitfalls
  • Practical Strategies to Prevent Fraud and AML
  • What Lies Ahead

Who Should Attend

  • Banking and Finance Lawyers
  • AML/BSA Lawyers
  • Banking and Finance Professionals
  • Accountants
  • Auditors
  • CFOs
  • Anti-Money Laundering Officers
  • AML Compliance Officers
  • Risk Mitigation Officers
  • Fraud Monitoring Officers
  • BSA Officers and Managers
  • AML investigators
  • Other Interested Professionals

Faculty

Online CLE Anti-Money Laundering
Chuck Pine
Managing Director
BDO USA LLP
Online CLE Anti-Money Laundering
Adil Raza
Risk & Regulatory Advisory Director
BDO USA LLP
Online CLE Anti-Money Laundering
Alex Feldman
Risk & Regulatory Advisory Manager
BDO USA LLP

Click Here to Read Additional Material

Online CLE Anti-Money Laundering

Chuck Pine, Managing Director
BDO USA LLP

 

and


Adil Raza, Risk & Regulatory Advisory Director
BDO USA LLP

 

and


Alex Feldman, Risk & Regulatory Advisory Manager
BDO USA LLP
  1. 2019 AML Landscape
    • Europe – 5th AML Directive
    • US – 1 year anniversary of CDD BO Rule implementation
    • NYSDFS 504 – 2 year anniversary
    • BSA/AML Reform Initiatives in US Congress
  2. Regulatory Enforcement Priorities
    • Real Estate
    • Prepaid Cards
    • Further flesh out changing AML Landscape (above)
  3. Recent Trends and Updates
    • Balancing automated monitoring with human element
    • Increase in Information sharing
    • Further flesh out changing AML Landscape (above)
  4. Common Risks and Pitfalls
    • “This doesn’t apply to me” –
      1. Overlapping universe of financial crime. Fraud/AML/TF/Sanctions.
      2. Sanctions apply to all businesses, AML mostly to financial institutions
    • Risk-Based v Undifferentiated Approaches
      1. Taking “Risk-Based” too far
      2. Not setting achievable policies/standards
    • Not utilizing automated monitoring
  5. Practical Strategies to Prevent Fraud/ML
    • Empowering those responsible for carrying out the work; salaries/tools/reporting lines
    • Meaningful training
  6. What Lies Ahead
    • Crypto/Marijuana/Online Gambling
    • Sanctions complications – Recent News – Treasury Impose, Trump Rescind
    • Likely bank consolidation = AML Pinch Point
    • 2019 AML Landscape
      • Europe – 5th AML Directive
      • US – 1 year anniversary of CDD BO Rule implementation
      • NYSDFS 504 – 2 year anniversary
      • BSA/AML Reform Initiatives in US Congress
    • Regulatory Enforcement Priorities
      • Real Estate
      • Prepaid Cards
      • Further flesh out changing AML Landscape (above)
    • Recent Trends and Updates
      • Balancing automated monitoring with human element
      • Increase in Information sharing
      • Further flesh out changing AML Landscape (above)
    • Common Risks and Pitfalls
      • “This doesn’t apply to me” –
        1. Overlapping universe of financial crime. Fraud/AML/TF/Sanctions.
        2. Sanctions apply to all businesses, AML mostly to financial institutions
      • Risk-Based v Undifferentiated Approaches
        1. Taking “Risk-Based” too far
        2. Not setting achievable policies/standards
      • Not utilizing automated monitoring
    • Practical Strategies to Prevent Fraud/ML
      • Empowering those responsible for carrying out the work; salaries/tools/reporting lines
      • Meaningful training
    • What Lies Ahead
      • Crypto/Marijuana/Online Gambling
      • Sanctions complications – Recent News – Treasury Impose, Trump Rescind
      • Likely bank consolidation = AML Pinch Point

Online CLE Anti-Money Laundering

Online CLE Anti-Money Laundering

Chuck PineManaging DirectorBDO USA LLP

Chuck Pine is a Managing Director in the firm’s Forensic Investigations & Litigations Services Practice, leading the BSA/AML, Economic Sanctions, and Risk & Regulatory Advisory group. This group conducts financial investigations, and provides Anti-Money Laundering (AML), Bank Secrecy Act (BSA), Office of Foreign Assets Control (OFAC) and economic sanctions compliance services. Mr. Pine has over 31 years of experience in tax and financial investigative fraud, law enforcement, and professional consulting. Throughout his career, he has dealt with complex and high-profile fraud matters including money laundering, tax evasion, international and domestic bank related crimes, casino related financial crimes, Foreign Corrupt Practices Act (FCPA) violations, mortgage fraud, bankruptcy fraud, anti-trust violations, and other activity where there is a financial nexus or motive.

Mr. Pine is a testifying subject matter expert in money laundering, financial fraud, anti-money laundering, fraud risk mitigation, the Bank Secrecy Act, and BSA/AML & economic sanctions compliance.

Mr. Pine has conducted risk-based compliance assessments and examinations & has developed BSA/AML/OFAC compliance programs for financial institutions and designated non-bank financial institutions, including casinos, broker/dealers, registered investment advisors, insurance companies, money services businesses, and loan services providers. He has experience developing and implementing BSA/AML/OFAC compliance organizational structures that include appropriate autonomy and line authority; including appropriate board and committee oversight.

Mr. Pine assisted an international financial institution in re-designing and re-structuring its entire compliance program, including suspicious activity reporting, currency transaction reporting, and rules development for identifying “red flags” for suspicious activity.

Prior to joining BDO, Mr. Pine served as the Senior Executive Director, Field Operations for IRS, Criminal Investigation where he oversaw all criminal investigations and programs for the Eastern half of the United States. As the Field Operations Director, he oversaw the nations Suspicious Activity Reporting (SAR) Review Teams which are located in every major city in the US with the responsibility of reviewing, examining, and investigating suspicious activity reported by financial institutions.

Mr. Pine served as the Director, International Operations from 2000- 2004 where he represented the Department of Treasury on numerous policy and regulatory compliance related task forces and US delegation expert sub groups relating to suspicious activity reporting, OFAC & economic Sanctions, the Bank Secrecy Act, and anti-money laundering.

Online CLE Anti-Money Laundering

Adil RazaRisk & Regulatory Advisory DirectorBDO USA LLP

Adil Raza is a Director in the firm’s Risk and Regulatory Advisory practice. Mr. Raza has over 9 years of experience delivering anti-money laundering and sanctions compliance services. He has extensive experience in various components of AML and Sanctions Compliance Programs, including conducting Gap Analysis, Risk Assessments,  Know Your Customer (KYC), Client Due Diligence (CDD), Enhanced Due Diligence (EDD), Transaction Monitoring, Suspicious Activity Reporting and AML Training.

Mr. Raza has a strong focus on working with/for banks, broker dealers and other non-bank financial institutions such a money service businesses, payment services providers, pre-paid card service providers and casinos that offer a multitude of products and services, including retail and business banking, US dollar clearing, capital markets and trade finance. Mr. Raza has also worked with numerous corporate entities in developing and enhancing their AML and OFAC compliance program. Mr. Raza has a particularly strong knowledge of AML Compliance requirements for correspondent banking activities and has helped develop and enhance AML Programs, policies and procedures to address regulatory enforcement actions in this space. Mr. Raza has experience assessing and validating BSA/AML systems (such as Mantas, Actimize, Prime, Verafin, Bankers Toolbox and FCRM) used for transaction monitoring and OFAC filtering. Mr. Raza has also worked on numerous alert clearing and look engagements where he managed large teams of alert review analysts.

Prior to joining BDO, Mr. Raza served as the Head of the US Financial Intelligence Unit for the Bank of Nova Scotia (Scotiabank) and the Royal Bank of Scotland.

Online CLE Anti-Money Laundering

Alex FeldmanRisk & Regulatory Advisory ManagerBDO USA LLP

Alex Feldman is a Manager in BDO’s Risk and Regulatory Advisory practice and has 5 years of experience working within, developing, and testing anti-money laundering and sanctions compliance programs.

Prior to joining BDO, Mr. Feldman worked within HSBC Bank USA in their Financial Crime Compliance Division, contributing to the efforts of organizational redevelopment which released HSBC from its Deferred Prosecution Agreement. In his time with HSBC, he served secondments to HSBC Hong Kong and HSBC Bermuda.

Recent projects with BDO include a lookback for a major pre-paid card service provider in the United States, managing the day to day operations of the sanctions screening for an international rewards program, and the assessment of a money transfer business located in China.

Online CLE Anti-Money Laundering

Course Level:
   Intermediate

Advance Preparation:
   Print and review course materials

Method Of Presentation:
   Live Webcast

Prerequisite:
   General knowledge of banking and finance laws

Course Code:
   147917

NY Category of CLE Credit:
   Areas of Professional Practice

Total Credits:
    1.5 CLE

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About the Knowledge Group

The Knowledge Group

The Knowledge Group has been a leading global provider of Continuing Education (CLE, CPE) for over 13 Years. We produce over 450 LIVE webcasts annually and have a catalog of over 4,000 on-demand courses.

About the Knowledge Group

The Knowledge Group

The Knowledge Group has been a leading global provider of Continuing Education (CLE, CPE) for over 13 Years. We produce over 450 LIVE webcasts annually and have a catalog of over 4,000 on-demand courses.

BDO delivers assurance, tax, and advisory services to clients of all sizes – across industries, throughout the country, and around the globe. With a network spanning more than 160 countries worldwide, BDO is the 5th largest global network of public accounting firms. It’s our people, the knowledge they bring to engagements, their commitment to quality service, and the candid relationships they develop with clients that has made BDO the distinctive choice for professional accounting services for more than 100 years.

Website: https://www.bdo.com/

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