Money Laundering Basics

Presented by:
Barry Thompson, Thompson Consulting Group


Materials (only available to registered users)

The Need!
The USA PATRIOT Act has focused attention on money laundering compliance issues by directing financial institutions to establish anti-money laundering programs. Does anyone in your organization really know how money laundering operates? Will your organization miss the signs that indicate a customer may be a money launderer?

Smurf No More!
If you thought money laundering was smurfing alone you need to participate in this program. The United Nations, the Basle Conference and the Financial Action Task Force recognized in the late 1980's money laundering was an international problem. Learn about the methods, what businesses are cash intensive, international informal value transfer systems and how to recognize the red flags.

History
The concept of money laundering never really changed from its beginning in the 1920's until 9/11 when reverse money laundering was utilized. This program traces the history, the changes in methods and how terrorists used the concept to attack the United States.

Understand
This program will explain what the steps in an anti-money laundering program are trying to accomplish. Learn the warning signs of when an organization may need to file a SAR and how to recognize transactions that may involve money laundering.

WHO SHOULD ATTEND
Anyone who is a novice with money laundering and may be required to identify it!

About the speaker:  
Barry Thompson
Barry is a financial institution professional who has held the titles of Executive Vice President, Senior Vice President, Treasurer, Compliance Officer and Security Officer over the course of a twenty-two year banking career. He is a Security Practitioner, Certified Regulatory Compliance Manager, Public Speaker and Managing Partner of the Thompson Consulting Group. The Thompson Consulting Group is the security provider for America's Community Bankers, "Retail Banking, Operations, Technology & Security Management Conference". They provide board retreats, executive retreats, special research projects, community programs, facility inspections and reviews of security or compliance programs.

About the seminar
This seminar will be delivered utilizing state-of-the-art technology. From the comfort of your office or conference room, you will receive the audio portion of the seminar via telephone, with companion slides, Web pages, polls, Q&A being delivered simultaneously over the Web. One AUDIO line per registration can be placed on speaker phone to allow multiple participants.

Handouts will be provided and we welcome questions during and after the seminar, as well as in advance. Questions received after the seminar will be posted on a special Web page for later viewing by seminar attendees.

Contact Information: Billing questions can be directed to Carin Eisenhauer, carin@bankersonline.com. All other questions may be directed to mpetry@bankersonline.com

TEST YOUR SYSTEM: Click below to test receiving the presentation using Windows Media Player.