Criminals are clever and use multiple means to launder money – even where you don’t expect it. The lending department needs to be on guard against fraudsters using loans for layering and integration. Complying with the Bank Secrecy Act and attending this program can help you disrupt fraudulent attempts. Do you think of the Bank Secrecy Act and money laundering only from the perspective of cash transactions? You are not alone. But in reality, money laundering and financial fraud take many forms, including in lending. Loans can be used in layering and integration, two of the three levels of money laundering. Outright loan fraud has become increasingly more common and complex. This webinar will provide you with the knowledge and tools to spot fraud and other criminal activities in a lending environment. More than just providing phony loan purposes and fake paycheck stubs, today’s criminal fraudsters are constantly honing their craft. This program will help you thwart their efforts. If something doesn’t look or feel quite right, it is everyone’s responsibility to alert fraud staff, the BSA department, or management. Join us to learn more!
AFTER THIS WEBINAR YOU’LL BE ABLE TO:
- Detect suspicious activity by monitoring for known red flags
- Differentiate between identity theft and synthetic identity fraud
- Explain how lending can be used to launder money
- Distinguish between fraud for property and fraud for money
- Provide examples of other types of fraud in a lending context
TAKE-AWAY TOOLKIT
- List of internet resources
- Red flags for fraud and money laundering in a loan environment
- Tips for effective SAR reporting and narratives
- Employee training log
- Interactive quiz
- PDF of slides and speaker’s contact info for follow-up questions
- Attendance certificate provided to self-report CE credits
WHO SHOULD ATTEND?
This informative session is for anyone involved in taking applications, communicating with current and prospective applicants and borrowers, underwriters, loan review and origination staff, collection personnel, auditors, and compliance professionals.
NOTE: All materials are subject to copyright. Transmission, retransmission, or republishing of any webinar to other institutions or those not employed by your institution is prohibited. Print materials may be copied for eligible participants only.
MEET THE PRESENTER
Mary-Lou Heighes, Compliance Plus, Inc.
Mary-Lou Heighes is President and founder of Compliance Plus, Inc., which has assisted financial institutions with the development of compliance programs since 2000. She provides compliance training for trade associations and financial institutions. Mary-Lou has been an instructor at regulatory compliance schools, conducts dozens of webinars, and speaks at numerous conferences throughout the country. Involved with financial institutions since 1989, Mary-Lou has over 30 years’ compliance experience. Before starting Compliance Plus in 2000, she spent five years working as a loan officer, marketer, and collector. She also worked at a state trade association for seven years providing compliance assistance and advising on state and federal legislative issues that affect financial institutions.
THREE REGISTRATION OPTIONS – WHAT YOU GET
1. LIVE WEBINAR 2. ON-DEMAND WEBINAR 3. BUNDLE & SAVE
- Unlimited live connections with shareable access within your institution
- Available to view on desktop, mobile & tablet devices
- Take-away toolkit
- Live Q&A session & the presenter's contact info for follow-up questions
- Access the webinar training from your User Portal
- Unlimited and shareable access to the recording within your institution, starting two business days after the live date
- Available to view 24/7 on desktop, mobile & tablet devices
- Take-away toolkit
- Ability to download the webinar video and toolkit items
- Presenter's contact info for follow-up questions
- Access the webinar training from your User Portal
- Save when you Bundle the Live + On-Demand Webinar Registration
- Includes all the items listed above
- Full registration descriptions can be found here
