This webinar will explain what money laundering is, various types of money laundering including structuring, micro-structuring and cuckoo smurfing. Attendees will learn how to identify the red flags of money laundering in an account within your institution.
This webinar will teach how to spot money laundering from a branch perspective along with a compliance department perspective.
Areas Covered in the Webinar:
What is money laundering
History of money laundering
Red flags of structuring
Red flags of micro-structuring
Red flags of cuckoo smurfing
How can allowing money laundering affect me/my financial institution/USA?
When do we tell the BSA officer, and what should we use to communicate?
The customer told me that she is hiding money from the IRS, should I tell BSA?
Who Will Benefit:
Banking compliance Personnel
Credit Union compliance Personnel
Financial institution compliance Personnel
Branch Management Staff
Training Department/Program Professionals.