Fraud and Money Laundering in Banking & Finance
Overview:Fraud and money laundering continue to be omnipresent in the Banking sector and the illegal schemes are becoming increasingly more sophisticated.
In this two-hour live webcast, the Knowledge Group has organized a panel of key experts and thought leaders to uncover the hidden links between fraud and money laundering operations in banks and finance companies as well as an understanding of the latest schemes. The speakers will provide an in-depth analysis of analytics involved in these crimes, a discussion on the latest developments in investigations and operations and best practices to strengthen your risk reduction process to prevent the negative impact of fraud and money laundering.
- The SEC's Anti-Fraud Program: Finding the Ponzis
- Current Developments in the SEC's Anti-Money Laundering Program
- Partner (Former Chief Counsel, Office of Compliance Inspections and Examinations, Securities & Exchange Commission)
- Background on the FCPA and UK Bribery Act (UKBA)
- PEP/High-risk entity screening trends related to FCPA/UKBA
- Difficulties with PEP identification and best practices to overcome those challenges
- Foreign Account Tax Compliance Act (FATCA), enacted in 2010
- International Tax Evasion Schemes through Domestic and Foreign Banks
- Mortgage and Real Estate Fraud
- Unified work flow for investigation processes
- Data and information sharing between financial crime risk mgt teams
- The importance of know your client (kyc) information gathered at line of business level
- The use of Suspicious Activity Reports (SARs) in fraud enforcement
- Collective efforts by fraud enforcement agencies and regulators, such as the Financial Fraud Enforcement Task Force
- Recent developments in fraud and money laundering enforcement in the banking and finance arena by investigatory and regulatory agencies
Who Should Attend:
- AML/BSA Professionals
- Money Laundering Reporting Officers
- Money Service Businesses
- Bank and Financial Institution Executives
- Bank and Financial Institution Auditors
- Banking Lawyers & Consultants
- Anti–Money Laundering Lawyers and Specialists
- Security Operations
- Fraud Monitoring
- Business Analysts
- Fraud Analysts
John H. Walsh is a Partner in Sutherland’s Financial Services Group and a member of the Securities Enforcement and Litigation Team. As a 23-year veteran of the Securities and Exchange Commission (SEC), John played a key role in creating the Office of Compliance Inspections and Examinations (OCIE), which administers examinations of the nation’s registered entities, including broker-dealers, investment managers, funds, self-regulatory organizations, and others.
At the OCIE, John designed and implemented the SEC’s securities compliance examination practices, first as a Senior Advisor for Compliance Policy and then, most recently, as Associate Director-Chief Counsel. In 2009, at the peak of the financial crisis, he served as OCIE’s Acting Director and led a massive retraining of examination staff on anti-fraud techniques, including examination and certification of hundreds of staff as Certified Fraud Examiners. Until a permanent director was appointed in January 2010, he also testified before Congress and responded to inquiries from the Inspector General, the Government Accountability Office, Congress, and the Financial Crisis Inquiry Commission.
Prior to his tenure at OCIE, John was Special Counsel to former SEC Chairman Arthur Levitt from 1993 to 1995. From 1990 to 1993, he worked in the SEC’s Division of Enforcement, serving first as Senior Counsel and then as Chief of the Branch of Regional Office Assistance where he regularly appeared before the Commission’s Closed Meetings to present and discuss regional office enforcement cases. He also advised the commissioners and staff on securities laws and agency policy. John began his career with the SEC in 1988 as an attorney in the Office of General Counsel.
John has held several high-ranking positions on committees and task forces during his tenure with the SEC. He served on the Executive Committee (the newly formed governing body for the SEC’s National Examination Program) and was Co-Chair of the Executive Committee’s Steering Committee on Compliance, Ethics, and Internal Controls. In 2010, John was a member of the Self-Assessment Leadership Team studying the reform of SEC examinations and, in 2007, led a study on Refunds, Sales Practices, and Revenues from Periodic Payment Plans. He has also been an active member of SEC task forces studying the Regulation of Public Utility Holding Companies and the Fair and Efficient Administrative Proceedings. In 2010, and again in 2011, John’s team received the SEC’s Law and Policy Award for its work on the Dodd-Frank Act.
John is a Certified Fraud Examiner and frequently speaks on issues such as the compliance implications of the financial crisis, dangers of identity theft, and issues to consider in an annual compliance review. He is a recognized author on securities regulation and compliance, and has published articles in Harvard International Law Journal, Columbia Business Law Review, Business Lawyer, and many others.
John H. Walsh is a Partner in Sutherland’s Financial Services Group and a member of the Securities Enforcement and Litigation …
David is responsible for compliance product research, development and deployment at Accuity. David also assists with professional services engagements in the anti-money laundering field for Accuity clients around the world. David is a member of ACAMS and has been CAMS certified since 2009.
David is responsible for compliance product research, development and deployment at Accuity. David also assists with professional services engagements in …
“I take great pride in helping clients solve their challenges using techniques honed over many years conducting and managing financial fraud investigations at the Internal Revenue Service.”
- David Gannaway, MBA, CFE, CAMS, EA, Principal
David Gannaway, a principal in the firm’s Valuation & Forensic Services group, is responsible for providing litigation consulting services in the areas of internal investigations involving embezzlement and misappropriation of assets, forensic accounting, shareholder disputes, civil tax controversies and criminal defense. David joined Citrin Cooperman in March 2011 and is based in the firm’s New York City office.
A former special agent with the IRS’ Criminal Investigation Division, David is a financial fraud investigative specialist with experience in conducting and supervising white-collar crime investigations. He has extensive experience in representing clients before the IRS in the “Offshore Voluntary Compliance Program” involving international taxation and the disclosing of Foreign Bank Accounts under the Bank Secrecy Act. He also provided fraud and anti-money laundering training to corporations and government agencies.
Prior to joining Citrin Cooperman, David was a director in the Litigation and Corporate Financial Advisory Services group at regional accounting firms and was a Director, Forensic and Litigation Support at a Big Four accounting firm. He served 20 years with the IRS, and left in 2007 as an Assistant Special Agent in Charge of New York.
David, a resident of Westfield, NJ, graduated from Bristol College, in Tennessee, with a bachelor’s degree in accounting, and earned an Executive MBA from Fordham University. He is certified as a fraud examiner, anti-money laundering specialist, and an enrolled agent to practice before the IRS. David is a member of the Association of Certified Fraud Examiners, the American Bar Association’s Tax Committee and Criminal Justice Section, and the New York Society of Certified Public Accountants’ Anti-Money Laundering and Counter Terrorist Financing Committee. He recently served as an adjunct professor at John Jay College of Criminal Justice, teaching a graduate level fraud examination class.
Valuation and Forensic
“I take great pride in helping clients solve their challenges using techniques honed over many years conducting and managing financial …
John Walsh is President and CEO of SightSpan Inc. since 2007, SightSpan is an International Consulting and Training firm specializing in Risk Management, Corporate Governance, Security and Overall Business Process Improvement. SightSpan assist private and government clients address critical and confidential projects throughout the world. SightSpan has offices in the USA, The Middle East and Southeast Asia.
John has over 25 years of experience in the financial services industry, with direct responsibility for Risk Management, Security, and Anti-Laundering Laundering (AML), Combating Terrorist Financing (CTF) and Corporate Security matters for the majority of his professional career. John has been engaged in designing effective methods of combining relevant data, client information and technical tools to determine suspicious activity related to money laundering, terrorist financing and fraud. He has also designed information sharing processes and investigation methodologies that combine AML/CTF and Fraud processes to protect entities from risks from both within and outside. John has established and trained members of Financial Investigations Units and Financial Crime Specialist globally and personally works in high risk areas designing methods to detect and reduce global criminal activities for both private and public organizations.
John is a Certified Compliance Officer (CCO), an active member of the Association of Anti-money Laundering Professionals (ACAMS), He is also a member of the Arab American Bankers Association and the Certified Fraud Examiners Association, Global Association of Risk Professionals and several Security groups, where he keeps up to date on current information and advancements within the corporate and general security risk management arena.
John Walsh is President and CEO of SightSpan Inc. since 2007, SightSpan is an International Consulting and Training firm specializing …
Robb Adkins is a litigation partner in Winston & Strawn’s San Francisco and Los Angeles offices, focusing on white collar and internal investigations, complex civil litigation, financial regulation, Foreign Corrupt Practices Act (“FCPA”) issues, and securities litigation. He is a nationally recognized trial attorney with deep experience as a prosecutor in complex white collar matters and in working with top leadership at the Department of Justice (“DOJ”) and across the federal and state enforcement agencies.
Prior to joining Winston, Mr. Adkins served for two years as the Executive Director of the Financial Fraud Enforcement Task Force, working within DOJ’s Office of the Deputy Attorney General in Washington, DC. As head of the Task Force, which was formed by the President and chaired by the U.S. Attorney General, Mr. Adkins was responsible for directing the largest coalition ever assembled to combat financial fraud. Mr. Adkins worked with the highest leaders of the DOJ, Securities and Exchange Commission, Commodity Futures Trading Commission, and more than 25 other federal and state fraud enforcement agencies to develop national enforcement strategies, coordinate criminal and civil initiatives, and implement nationwide training and guidance for line prosecutors and regulators.
Prior to leading the Task Force, Mr. Adkins spent more than eight years as a criminal prosecutor with the U.S. Attorney’s Office for the Central District of California, focusing on white collar fraud prosecutions, and served as the Chief of the U.S. Attorney’s Office in Orange County, California for more than two years. During his service as Chief, Mr. Adkins supervised an office of more than 40 trial attorneys and staff responsible for all federal criminal matters in a county of more than three million citizens. During his tenure as a line prosecutor and Chief, Mr. Adkins served as lead counsel in more than 50 prosecutions and as first chair in numerous complex fraud trials.
From 2005 to 2007, Mr. Adkins was a member of the Enron Task Force, serving as a trial attorney in the landmark criminal trial against Enron CEOs Kenneth Lay and Jeffrey Skilling. He also conducted a separate trial against Kenneth Lay on bank fraud charges, delivering the opening statement and closing argument, resulting in conviction on all counts. Mr. Adkins is the recipient of the Attorney General’s Award, the highest commendation in the Department of Justice. Prior to joining DOJ, Mr. Adkins served as a litigation associate at a large law firm in San Francisco and as a consultant at a major accounting firm.
Robb Adkins is a litigation partner in Winston & Strawn’s San Francisco and Los Angeles offices, focusing on white collar …
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Accuity is the leading provider of data, software and services that allow organizations across multiple industries to maximize payment efficiency and facilitate compliance of their transactions.
For more than 175 years, Accuity has been providing industry-leading solutions to clients worldwide. We work with over 17,000 customers globally who rely on our data, software and consulting solutions. We provide all of our clients with customer support in several time zones through our office locations in Beijing, Chicago, Dubai, Hong Kong, London, New York, San Diego, Singapore and Sydney.
Accuity’s integrated suite of compliance solutions includes Compliance Link, Global WatchList®, False Positive Reduction assessments and more. By combining our accurate, global data with our scalable filtering solutions and best-practice services, your organization can reduce risk, increase operational efficiency and lower the cost of AML compliance. For more information, please visit www.accuitysolutions.com.
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About Winston & Strawn LLP
Winston & Strawn LLP is an international law firm with nearly 1,000 attorneys among 15 offices in Beijing, Charlotte, Chicago, Geneva, Hong Kong, Houston, London, Los Angeles, Moscow, New York, Newark, Paris, San Francisco, Shanghai, and Washington, D.C. The exceptional depth and geographic reach of the firm’s resources enable Winston & Strawn to manage virtually every type of business-related legal issue. It serves the needs of enterprises of all types and sizes, in both the private and the public sector.
Winston & Strawn understands that clients are looking for value beyond just legal expertise. With this in mind, the firm works hard to understand the level of involvement that its clients want from it. Winston & Strawn takes time to learn about its clients’ organizations and their business objectives, and it places significant emphasis on technology and teamwork in an effort to respond quickly and effectively to its clients’ needs. Please visit www.winston.com if you would like more information about Winston & Strawn’s legal services, experience, and the industries it serves.
Sutherland Asbill & Brennan LLP is a law firm with global reach known for solving challenging business problems and resolving sophisticated legal issues for many of the world’s largest companies. Founded in 1924, the firm handles matters throughout the United States and worldwide. Seven practice areas –corporate, financial services, energy and environmental, intellectual property, litigation, real estate and tax – provide the framework for an extensive range of focus areas, allowing Sutherland attorneys to serve a diverse client base that ranges from small and medium-sized start-up businesses to a significant number of Fortune 100 companies. Sutherland has built success upon delivering partner-level attention, as well as an unfaltering dedication to service. Clients rely on our lawyers to be knowledgeable, responsive and efficient.
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About Citrin Cooperman
About SightSpan Inc.
SightSpan Inc. provides risk management services to financial services institutions and government organizations, combining functional knowledge and technical expertise in a highly effective manner. SightSpan and its professional team is capable of producing work product in multiple languages (Arabic and Spanish included) and is well positioned to work both remotely or on-site with global organizations or clients located in remote locations. The SightSpan Group has teams of experts and offices in the North America, The Middle East and SE Asia and is well placed to deal with sensitive and mission critical issues with short notice on a global basis. Practice areas include Risk Management (AML/CTF/Fraud/Corporate Risk), Security, Training and Operational Process Improvement.
About Winston & Strawn LLP