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Anti-money Laundering: Detecting Suspicious Activity and Preventing Terrorist Financing
- Why identifying suspicious activity is so important
- How to identify suspicious activity
- How to monitor suspicious activity
- How to report suspicious activity
- How suspicious activity reports are used by law enforcement
Overview of the webinar
Every day in your branches situations occur which are considered "suspicious" and may even put your employees and customers into what we will call a "felony moment." If your customer asks "Should I deposit this money?" The answer your officer gives may encourage the customer to structure, and that is a problem for both the customer and the employee. This program will answer commonly asked frontline questions and it will go over the red flags for money laundering for deposits and loans.You won't want to miss this fun frontline approach to red flags and your anti-money laundering program.
Who should attend?
- Tellers
- New Accounts Staff
- Branch Managers
- Loan officers and call centers
Why should you attend?
We will address issues such as:
- How can I talk to my customer about currency transactions without getting into a "felony moment"
- The money smells like marijuana. Is this something I should be concerned about
- The customer told me that she is hiding money from the IRS, should I tell BSA
- What are the Red Flags for Elder Abuse
- What are some of the scams for loans and mortgages
- What are the Red Flags for Identity Theft
- When do we tell the BSA officer, and what should we use to communicate
- Sample Incident reports for operations, loans and branches
- The customer washed and ironed the money. Is this suspicious
- The customer had me count $15,000 cash and then went to safe deposit box, should I let BSA know
- We did not book the mortgage loan so why should I tell BSA that the identification and TIN did not match
Faculty - Mr.Thomas Nollner
Thomas E. Nollner has more than 38 years of experience in financial institution supervision and consulting. Mr. Nollner spent 30 years as a National Bank Examiner (NBE) for the Controller of the Currency where he was a safety and soundness examiner and a compliance examiner. The last 15 years as an NBE and for the past 8 years as a consultant, Mr. Nollner has specialized as an AML/CFT examiner/consultant. In these roles he has analyzed financial institutions’ AML/CFT programs to ensure that they complied with applicable AML/CFT laws, rules, and regulations; he reviewed the suspicious transactions identification, monitoring, and reporting processes;he traced proceeds and transactions through several layers of activity; and he provided AML/CFT training for many different financial institutions. Mr. Nollner currently works as a consultant for the Office of Technical Assistance (OTA), a branch of the U S Treasury that assists developing countries with banking issues. Mr. Nollner is assigned to the Economic Crimes Team that focused on training, assisting, and mentoring the staffs of the financial regulatory departments and financial intelligence units of various countries regarding AML/CFT compliance. In this capacity, he worked in countries such as Afghanistan, Iraq, Turkmenistan, Viet Nam, Honduras, Guatemala, Guyana, Suriname, and Argentina developing AML/CFT examination procedures, providing AML/CFT training and mentoring, and updating local AML/CFT laws and regulations.