BSA: Professional Money Laundering Businesses

During this program, we will look at the professionals who help the criminal enterprise. Sometimes a single individual and sometimes a business that will launder the proceeds of crime. FATF released in 2018 a report on these businesses that will help you detect and identify these businesses in your banks. From A to Z on how these business work and the techniques they employ to move illicit funds.

Highlights

  • Characteristics of Professional Money Laundering
  • Specialized services and business models
  • Types of dedicated ML Organizations
    • Money Mules
    • Digital Money and Virtual Currency
    • Networks
  • Mechanisms that are used
    • Trade Based Money Laundering
    • Account Settlements
    • Underground banking
  • Criminal Service Providers
    • Banks
    • Lawyers
    • Payment Processors

Who Should Attend?

BSA Officers, BSA Investigators, SAR Reporting Staff, Compliance, Security and Training.