How to Think Like a Crook - Money Laundering Prevention

Duration: 60 Minutes
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Financial institutions across the globe are facing increased pressure to meet Anti-Money Laundering (AML) compliance requirements. Established names in banking such as HSBC and Standard Chartered have paid huge fines for laundering money for various criminal enterprises. Standard Chartered paid a fine of $327 million while HSBC paid $1.9 billion. According to a report in The Economist, both the banks acknowledged, through signed statements, that they had "facilitated illicit financial transfers on behalf of Iran, Sudan, Myanmar and Libya". HSBC was accused of having also laundered money on behalf of Mexican and Colombian drug cartels.
Money Laundering Prevention
Instructor: Doug Keipper, CAMS
Product ID: 504309
These, and other previous significant settlements with US authorities, shows that all financial institutions are vulnerable to money laundering and need better, stronger compliance processes in order to avoid the regulator's wrath and billions of dollars in fines.

Objectives of the Presentation
This banking and financial services training will discuss the following topics:
  • Resources available for further study
  • Why the regulators are so diligent about money laundering
  • Cocaine, Meth and Meth labs in the USA
  • Blackmail & Extortion
  • Various methods for laundering money
  • Case Studies from the field
  • How to incorporate BSA training into your financial institution
Why Should you Attend
You probably have spent huge sums of money and time in learning the Bank Secrecy Act (BSA) regulations, but it is necessary for every employee of a financial institution to possess updated knowledge in detecting and preventing financial fraud or money laundering within their institution. This online training on anti-money laundering will take attendees beyond the basics of Bank Secrecy Act (BSA) regulations to the point of criminal behavior.

This AML compliance webinar will help attendees learn how methamphetamine dealers' income could be laundered and how criminals try to "launder" their money. It will focus on educating financial institution staff about the types of transactions criminals utilize and criminal financial behavior. This comprehensive tool on anti-money laundering will help you streamline your investigations, to perform due diligence research and to fight fraud in order to protect your organizational assets.

This course has been developed after conversations with the FBI, Department of Homeland Security, Banking Regulators and the Financial Task Force of the DEA.

This anti-money laundering training will describe the reasons and methods of money laundering in financial institutions. This will help attendees to protect themselves from regulatory risk by establishing an effective anti-money laundering system within their financial institution.

Who will Benefit
  • Bank and credit union compliance officers
  • Bank Secrecy Act (BSA) Officers. Many times you will see BSA/AML officer titles. AML = Anti-Money Laundering
  • BSA analysts
  • BSA investigators
  • CFOs
  • Bank or credit union operations officers
  • Financial Officers
  • Financial Officers front line staff
  • Risk Officers
$300
Recorded Session for one participant
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How it works
Live Session - How it works
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  • The webinar joining link, username and password for joining the webinar will be updated on your OCP Account 24 hours prior to the webinar
  • Presentation handouts in Downloadable PDF format will be updated on your OCP Account 24 hours prior to the live session
  • Login to the audio conference on the scheduled date and time
  • Get answers to your queries through interactive Q&A sessions via chat at the end of the session
  • Download the Certificate of Attendance and Purchase Invoice from your OCP Account 24 hours after the completion of the session
  • Please let us know your thoughts and views at the end of the webinar, your valuable feedback will help us improve
Recorded Session - How it works
  • Login to onlinecompliancepanel with your registered username and password https://www.onlinecompliancepanel.com/login
  • Upon purchase of the recorded session a link will be updated on your OCP Account within 24 hours
  • Please click on the link to access the Recorded Session
  • Presentation handouts in downloadable PDF format will be updated on your OCP Account within 24 hours of the purchase of the product
  • Download the Certificate of Attendance and Purchase Invoice from your OCP Account after 48 hours of the product Purchase
  • Please share your valuable Feedback at the end of the session
Instructor Profile:
Doug Keipper, is a Certified Anti-Money Laundering Specialist (CAMS) since 2005 and former BSA officer and compliance officer for an $800M commercial bank in Atlanta before it sold twice in one year. He teaches anti-money laundering throughout the southeast and online. He has spent over 20 years in retail banking, wholesale mortgages and financial services.
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