BEYOND THE FINCEN FILES - WEBINAR WITH THOMSON REUTERS
Nathan Lynch of Thomson Reuters kindly invited me to participate in the Beyond the FinCEN Files webinar that will air globally on November 17. I'm grateful for this opportunity to share my view about a segment of the international banking, business, and financial service provider sectors that knowingly assist clients who possess money seeking secrecy from governments. Those professionals taught me dozens of money laundering techniques that continue to run beneath law enforcement radar today.
Having been a money launderer within the underworld for five years (working undercover), I can attest to the fact that, once I was believed to truly be a criminal by many professionals, our discussions behind closed boardroom doors were far different than what those same bankers claimed publicly to the rest of the world. Unfortunately for them, the conversations were recorded. I didn't just deal directly with more than a dozen corrupt BCCI bankers, I dealt with bankers in other institutions as well. Sadly, the story was the same.
Nathan's probing questions during the webinar brought up issues I've never been asked about before. I hope you enjoy the webinar. You can find information about it at:
On November 10, I will present keynotes to attendees of both the Europe and North America ComplyAdvantage virtual annual conferences, followed by a separate Q & A for both venues. I'll share insights about the minds of launderers who service clients with all types of money seeking secrecy from governments. We'll explore the role of those that participate in black money markets around the world, and explain why certain geographic areas and businesses carry the greatest money laundering risk today. I look forward to sharing ideas and answering tough questions.
There's no denying that at least 98% of the annual illicit funds generated on this planet go unseen by law enforcement, regulators and private sector compliance professionals. I'm grateful for Thomson Reuters' invitation to share my perspective on November 17 as a speaker on their webinar, Beyond the FinCEN Files. I hope you'll join this think-tank experience and share your thoughts about how we can all seek to improve our contribution to the fight against money laundering, financial crime, and corruption.
With the permission of the journalists with whom I collaborated on the FinCEN Files, I'd like to share my take on a small window of SARs within the thousands provided to them. In my view, our collective challenge to identify and attack the movement of illicit funds requires the remedy of a mosaic of problems. What I address in this article is just one small piece of that mosaic. There is a long list of "outside the box" approaches that can be initiated to enhance the opportunity for the law enforcement, financial institutions and compliance professionals to more efficiently attack the roughly $2 trillion a year in illicit funds generated on this planet every year.
The good news is that the overwhelming majority of compliance professionals around the world are amazingly inspired to make a difference. I hope the reporting on the FinCEN Files contributes to positive change for everyone involved in this war against money laundering. Access my article through the link below.
It is such a wonderful honor to be the Keynote speaker for this year’s Easter Seals Florida “Get Down to Business” event. This year's event will be presented on the internet due to the pandemic.
Each year, Easter Seals offers help, hope, and answers to more than a million children and adults with special needs and their families.
The theme of my Keynote “Committing to the Greater Good”, speaks to the selfless commitment and acts carried out every day by East Seals staff and supporters who are truly dedicated to improve lives. Please support Easter Seals anyway you can. They are committed to the greater good.