Session 2:  BD/IA (LAB) – Worlds Colliding:  Financial Crimes and AML (Intermediate)

This lab will analyze the various aspects of Financial Crimes and how they overlap with AML detection and reporting requirements. The session will delve into the novel topics associated with the ever-evolving field of financial malfeasance. Participants will develop a framework that they can take back to their firms as a “building block” or “benchmark” to strengthen their financial crimes and AML framework.   

The following learning objectives will be met using case studies, examples, group discussions, and other application activities:

• Review the surveillance, due diligence, and reporting requirements related to financial crimes.

• Identify patterns of financial crimes including red flags and their detection.

• Identify and react to misappropriation, cyber-crimes, and exploitation.

• Explore jurisdictional reporting requirements.

• Review aspects of the new AML rule requirements.