This webinar will address the red flags that may indicate money laundering and fraud in non-bank financial institutions. It will also provide guidelines for conducting enhanced due diligence (EDD).
Why You Should Attend
Much of the existing guidance on red flags focuses on depository institutions.
This webinar will explore what red flags non-depository businesses should be on the lookout for – these red flags usually are indicators of potential money laundering or fraud or a reason for conducting enhanced due diligence (EDD). The course will look at life insurance companies, broker-dealers, money service businesses, casinos, mortgage originators, and the precious metals / jewelry industry. The webinar will explore money laundering typologies being reported in these businesses and discusses their indicators.
Areas Covered in the Webinar
- Typologies reported by FATF, FinCEN and FINTRAC
- FinCEN and FINTRAC reported trends in SARs and STRs
- Red flags: indicators of suspicious activities and triggers for EDD
- Methods of detecting the red flags
Who Will Benefit
- BSA/AML Compliance Officers
- BSA/AML Analysts
- Internal Auditors
Vicki Landon, CAMS-Audit, CFCS, FLMI and President of Landon Associates, Inc., provides BSA/AML, OFAC, and anti-fraud services to financial institutions. She brings extensive experience in BSA/AML/OFAC risk assessments, independent audits, vendor assessments, implementation of transaction monitoring systems, and other aspects of AML programs. She frequently teaches and presents sessions on AML, OFAC and anti-fraud topics for webinars and industry conferences, and has been published by the Association of Certified Anti-Money Laundering Specialists (ACAMS). Her background of 25+ years in financial services, financial services data and business processes, record management systems and AML transaction monitoring systems enable her to address all aspects of an AML program. She co-founded and co-chairs the Central Texas Chapter of ACAMS.