AML Conversations: Asset Forfeiture Global Expert Stef Cassella
Asset Forfeiture Global Expert Stef Cassella returns to AML Conversations to discuss civil and criminal forfeiture. He explains how it's used, common misunderstandings about this law enforcement and prosecutorial tool, and also delves into his work which aims to improve its functionality worldwide.
Global Impact of Human Trafficking
Trafficking in persons is the second largest black market in the world (the first is the illegal drug trade). It is estimated that human trafficking is more than a $150 billion industry with over 24.9 million victims around the globe. Human trafficking is divided into two broad categories – forced labor and sex trafficking.
Money Laundering Through Social Media and Online Gaming
With scamming on the rise, criminals are always looking for people willing to lend them their bank accounts to receive and withdraw the unlawful cash and these people are called mules or money mules, now you must be thinking "wait, what mule? the animal mule? animals don’t have bank accounts!''
AML Voices: The Pandemic – Long-term Changes to KYC
Our panel of experts discuss how the pandemic has changed KYC processes for the long-term. They look at numerous elements of KYC, including information gathering, identity verification, and site visits.
AML Conversations: A Discussion with Kit Conklin
Kit Conklin, VP at Kharon and a Senior Fellow at the Atlantic Council discusses the recent “joint alert” between the Financial Crimes Enforcement Network (FinCEN) and the U.S. Department of Commerce’s Bureau of Industry and Security (BIS) on preventing export control evasion attempts in connection with the Russian Federation’s further invasion of Ukraine.
AML Conversations: A Discussion with Kent Belasco
John discusses with Kent Belasco, the Director of Marquette University’s Commercial Banking Program, a recent project with a microfinance organization to assist an impoverished rural farming community outside Panama City. https://today.marquette.edu/2022/07/banking-on-community/
Elder Financial Exploitation – A Problem That Isn’t Going Away
Elder Financial Exploitation (EFE) is a global problem and is on the rise. One of several forms of elder abuse, this type includes theft, fraud, and exploiting the financial resources of older adults. The bad actors in these situations can be scammers, relatives, even a spouse. Older adults are targeted both because of their accumulated wealth and, in some cases, because of their declining physical and mental capabilities. Organizations around the world, including the World Health Organization, national health services, and financial regulators are focused on this issue.
AML Conversations: A Discussion with Alan Ketley
Alan Ketley, the new Executive Secretary of the Wolfsberg Group discusses the mission of the group, their focus on a variety of AML related topics: correspondent banking, PEPs, trade finance and recent papers covering challenges such as negative news utility and broad collaboration.
AML Voices: Customer Risk Rating Best Practices
Our expert panel discusses the best practices in customer risk rating.
