Effective Anti-money Laundering Program - Financial Fraud Detection, Prevention

Training Type Recorded Webinar
Presenter Richard E. Cascarino
Topic Banking, Insurance & Finance
Schedule Jul 12, 2023
Timing 1:00 PM EST
Duration 120 minutes

Recording Options

Recording - $199 Digital Download - $299 Transcript - $199

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Description

Financial fraud involves schemes intended to defraud a financial institution or to obtain assets under the control of a financial institution by means of fraud. Multiple variations of such fraud occur, including:

Money laundering-

Card fraud
Check fraud
Wire fraud
Online fraud

Money laundering involves the processing of a financial transaction representing the proceeds of unlawful activity in such a manner to conceal the nature, source, or ownership of the proceeds or to avoid a legal requirement to report such a transaction.

This form of fraud differs in many ways from traditional banking fraud since the financial institution is not itself the target; nor are the organization’s customers. Rather it involves the use of the organizational environment and infrastructure to carry out illegal activity.

Money Laundering –Definition and History
Money Laundering in the 21st Century
International Initiative
Red Flags and indicators
Money Laundering skills development
Common Problems with AML Systems
Implementing effective AML systems
Making KYC work
Continuous transaction monitoring

This webinar benefits the following agencies-

Financial Institutions as well as Government agencies and organizations involved in electronic payment as well as conventional payment systems.

Who should attend?

Bankers, Accountants, Auditors, and consultants who are required to understand Money Laundering in the course of their duties. In addition, corporate financial managers will find it beneficial. These people would include:

Chief executive officers
Chief financial officers
Compliance officers
Risk managers
Internal auditors
External auditors

Speaker

Richard E. Cascarino

(International Speaker)

Well-known in international auditing, Richard is a principal of Richard Cascarino & Associates based in Colorado, USA and Johannesburg, South Africa with over 32 years of experience in audit training and consultancy. He is a regular speaker to National and International conferences and has presented courses throughout Africa, Europe, the Middle East and the USA. Richard is a Past President of the Institute of Internal Auditors in South Africa, was the founding Regional Director of the Southern African Region of the IIA-Inc and is a member of ISACA, and the Association of Certified Fraud Examiners, where he is a member of the Board of Regents for Higher Education. Richard was Chairman of the Audit Committee of Gauteng cluster 2 (Premier's office, Shared Services and Health) in Johannesburg and is currently the Chairman of the Audit and Risk Committee of the Department of Public Enterprises in South Africa.