Identifying and Preventing Money Laundering: What Every Business Should Know
Money laundering is one of the main business challenges for financial institutions. In recent years, the industry has seen several financial scandals in the headlines. As financial technology advances, criminals exploit every weak link that they can find in financial platforms.
The key to success is to identify and prevent the risks of exposure to money laundering. Businesses should not only be compliant with applicable regulations but should also go the extra mile. Current compliance concerns and potential problems that emerging technologies and markets may create must be addressed.
In this LIVE Webcast, a panel of distinguished professionals and thought leaders assembled by The Knowledge Group will help businesses and their counsel understand the important aspects of this significant topic. They will provide an in-depth discussion of the recent developments and noteworthy issues surrounding the anti-money laundering (AML) landscape. Speakers will also offer best practices in developing and implementing an effective money laundering prevention program.
Key topics include:
- Anti-Money Laundering (AML): Statistics
- Recent AML Challenges
- Notable Regulatory Developments
- Best Compliance Practices
- Strategies in Identifying and Preventing Risks
Jaco Sadie, Senior Managing Director
Stella Mendes, Senior Managing Director
- What are the hot button areas to be on the lookout for in AML and what are we anticipating for 2020?
- The recent push by FINCEN and the European financial institutions to focus on fraud?
- Are you keeping current with technologies available to screen for money laundering and fraud cases?
- How to address analyst and investigator fatigue – the impact of false positives, rule thresholds, training etc.
- Changes in the level of penalties levied against financial institutions
Joseph A. DeMaria, Partner
Fox Rothschild LLP
- Legal side of the discussion
Who Should Attend:
- Banking and Finance Lawyers
- AML/BSA Lawyers
- Banking and Finance Institution Executives
- Anti-Money Laundering Officers
- AML Compliance Officers
- Risk Mitigation Officers
- Fraud Monitoring Officers
- BSA Officers and Managers
- AML investigators
- Other Interested Professionals
Jaco Sadie is a Senior Managing Director at FTI Consulting, based in San Francisco. Mr. Sadie specializes in providing anti-money laundering compliance and investigative services to financial institutions and regulators. He has led numerous engagements that involve “look-back” transaction reviews to identify suspicious activity, Office of Foreign Assets Control sanctions programs reviews, compliance testing of AML/BSA programs, and AML training. He has spoken at venues about anti-money laundering best practices and has been designated as a testifying expert in a number of matters that involve anti-money laundering and sanctions issues. He has practiced in the United States, Luxembourg and South Africa. Mr. Sadie earned a B.A. in accounting (honors) at the Stellenbosch University in South Africa. He is Certified in Fraud and Forensics, and is a Certified Public Accountant (California), a Chartered Accountant (South Africa), and a Certified Fraud Examiner.
Jaco Sadie is a Senior Managing Director at FTI Consulting, based in San Francisco. Mr. Sadie specializes in providing anti-money …
Stella Mendes is a Senior Managing Director and Co-Leader of the Financial Services practice at FTI Consulting. With more than 25 years of diverse banking industry experience, she leads BSA/AML reviews, “look-back” reviews, risk assessments and conducts AML investigations for banks, money service businesses, and other financial service providers. She has established and enhanced BSA/AML/OFAC policies, procedures, and processes to ensure compliance with regulations for financial service businesses and for government investigations. She provides advisory services on regulatory responses, administers AML training to banks and other financial services firms, and gives webinars on regulatory compliance best practices. Ms. Mendes assists clients regularly with various regulatory compliance matters. Ms. Mendes earned her B.S. from Hofstra University, is CAMS–certified, fluent in Portuguese and Spanish and active in numerous professional organizations.
Stella Mendes is a Senior Managing Director and Co-Leader of the Financial Services practice at FTI Consulting. With more than …
Joseph DeMaria is a Partner in the Miami office of Fox Rothschild LLP. His practice focuses on business and construction litigation and white-collar criminal defense, particularly complex, high-stakes matters. A former federal prosecutor with decades of experience, Joseph has earned the Florida Bar Association’s rigorous Certified Business Litigation Specialist designation. Over his career, he has played a key role in many of South Florida’s highest profile business litigation and financial criminal cases, representing individuals and businesses in a wide range of industries. A frequent author and lecturer for the National Business Institute, Joseph is a Litigation Counsel of America Fellow and teaches Trial Skills and Business Litigation Skills at the University of Miami School of Law.
Joseph DeMaria is a Partner in the Miami office of Fox Rothschild LLP. His practice focuses on business and construction …
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Method of Presentation:
On-demand Webcast; Group-Internet Based
General knowledge of banking or finance laws
NASBA Field of Study:
Finance - Technical
NY Category of CLE Credit:
Areas of Professional Practice
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About FTI Consulting
FTI Consulting is an independent global business advisory firm dedicated to helping organizations manage change, mitigate risk and resolve disputes: financial, legal, operational, political & regulatory, reputational and transactional. Individually, each practice is a leader in its specific field, staffed with experts recognized for the depth of their knowledge and a track record of making an impact. Collectively, FTI Consulting offers a comprehensive suite of services designed to assist clients across the business cycle – from proactive risk management to the ability to respond rapidly to unexpected events and dynamic environments.
About Fox Rothschild LLP
Fox Rothschild LLP is a national law firm with 27 offices coast to coast. Home to more than 900 attorneys working in 60+ diverse practice areas, Fox provides clients with the razor-sharp focus of a boutique and the robust reach and resources of a full-service firm. Key practice areas include Bankruptcy, Cannabis Law, Corporate, Employment, Entertainment, Gaming, Intellectual Property, Litigation, White-Collar Criminal Defense & Regulatory Compliance, Mergers & Acquisitions, Privacy & Data Security, Real Estate and Tax. Fox consistently earns top marks for client service, responsiveness, providing value and adopting innovative approaches.