The stakes are high. Because trade financing may be used not only to launder money, but also to finance international terrorism, to facilitate weapons proliferation, and to conceal and transport weapons of mass destruction, this topic is gaining international attention. What can financial institutions do to mitigate money laundering risk when they finance trade? What do the regulators expect from financial institutions that see only the documents related to a transaction and not the goods themselves?

In this webinar you will learn:

• How money can be laundered in trade: simple and complex typologies
• What are “red flags” that may indicate trade-based money laundering
• How to automate the process of assessing risks posed by trade financing activities
• What are the countries with the most rapid growth in potential TBML activity
• What AML/CFT safeguards to adopt?
• What the U.S. FFIEC BSA/AML Manual and the February 2010 FinCEN Advisory says about the topic

About The Speakers:

Dr. John Zdanowicz, Professor of Finance
Dr. John Zdanowicz, Professor of Finance, earned his Ph.D. in Finance from Michigan State University and was the Director of the Center for Banking and Financial Institutions at Florida International University. He serves on the editorial board of Money Laundering Alert and was a trainer at the Financial Fraud Institute at the Federal Law Enforcement Training Center. Zdanowicz has been engaged in trade pricing research for over 15 years.

In this webinar you will learn:

• Should the FATF, a global money laundering watchdog, impose anti-money laundering obligations to telCos that provide financial transactions?
• How can you monitor for suspicious transactions involving m-payments?
• How can the money laundering risk of m-payments be mitigated using customer profiling?

About The Speaker:

Saskia Rietbroek, Partner at AML Services International
Saskia was the founding Executive Director of the Association of Certified Anti-Money Laundering Specialists (ACAMS). She is president of AML Services International, a money laundering consulting and training firm, and Financial Crime Advisor to Fiserv, a Fortune 500 company. She serves on the Advisory Board of ACAMS and formerly Money Laundering Alert. She is frequently quoted in the New York Times and Wall Street Journal.

Many of these enforcement actions have resulted in significant monetary fines and other penalties. They provide valuable lessons on how financial institutions can avoid similar problems. These cases also provide insight into what money launderers are doing and you can learn about the tools they are using today. We will discuss examples that provide constructive, far-reaching and practical lessons on what financial institutions and businesses must do to avoid similar disasters – and the criteria the government uses to punish institutions.

Watch this Webinar and learn firsthand from our esteemed speaker what went wrong with these AML compliance blunders, and discover best practices to avoid them.

About The Speaker:

Saskia Rietbroek, CAMS
Saskia was the founding Executive Director of the Association of Certified Anti-Money Laundering Specialists (ACAMS). She is president of AML Services International, a money laundering consulting and training firm, and Financial Crime Advisor to Fiserv, a Fortune 500 company. She serves on the Advisory Board of ACAMS and formerly Money Laundering Alert. She is frequently quoted in the New York Times and Wall Street Journal.