Wednesday, June 26 | 8:30–9:45 AM
CPE Credit: 1.5
Recommended Prerequisite: Knowledge of basic money laundering compliance issues
Field of Study: Specialized Knowledge
This session will explore trade-based money laundering (TBML). Although TBML is not as widely understood as other types of money laundering, it might be the most entrenched form of laundering and the one least susceptible to detection and disruption.
TBML is insidious and can affect a variety of industries, from freight forwarders to gold brokers to financial institutions involved in trade finance.
This session will provide you the tools necessary to spot behaviors or transactions that could be red flags for TBML. The session will also review how TBML is distinguished from other types of money laundering. Several case studies will be examined
and indicators will be extracted from those cases. Finally, the session will cover how technologies such as data analytics, artificial intelligence and blockchain might aid or disrupt those intending to shield illicit behaviors from detection.
You Will Learn How To:
Principal, NCFPS Digital Currency AML Consultantsand Associate Professor, Criminal Justice and Legal Studies, Brandman University
David M. Long is an Associate Professor of Criminal Justice and Legal Studies at Brandman University in Irvine, CA. He is also principal of NCFPS-Digital Currency AML Consultants. Long is a graduate of the University of Pennsylvania Law School and an experienced criminal investigator and licensed attorney. He is also a highly regarded consultant, trainer and speaker on money laundering and criminal finance in technology, real estate and trade. During nearly a decade of service as a federal agent with the Office of Labor Racketeering, he investigated cases related to the influence of organized crime in labor unions and pension funds. His cases centered on complex financial investigations involving money laundering, the Racketeer Influenced and Corrupt Organizations Act (RICO), public corruption, extortion, bribery and witness tampering. Long served with distinction as a special agent and received several awards for his service.
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