Finance Professionals: Money Laundering Awareness
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Speaker : LAURA THESSIN
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When : Tuesday, April 15, 2025
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Time : 12 : 00 PM EST
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Laura Thessin, CPA, MBA
Established finance and accounting professional with over 13 years of progressive experience. She transitioned from my role as a Commercial Loan Officer with an established community bank to an executive with The Engineering Groupe, Inc. She manages the day-to-day financial operations of the organization and coordinates all financial strategic planning.
In addition, She also teaches a senior-level auditing course at the University of Mary Washington. She also creates content and speaks for continuing education providers.
This presentation is designed to equip finance professionals with the knowledge and tools necessary to identify and prevent money laundering within their organizations. As key players in the financial system, finance professionals are uniquely positioned to detect suspicious activity and ensure compliance with anti-money laundering (AML) regulations.
The session will cover the fundamental concepts of money laundering, the stages involved, and the role finance professionals play in preventing it. Attendees will gain an understanding of global AML regulations, such as the Financial Action Task Force (FATF) standards, and the obligations placed on finance professionals regarding Know Your Customer (KYC), risk assessments, and suspicious activity reporting (SAR).
In addition, the presentation will highlight common red flags, high-risk clients, and the latest technologies used to monitor and detect money laundering activities. Through real-world case studies, participants will learn about common pitfalls and best practices, ensuring they can effectively mitigate money laundering risks and remain compliant with evolving regulations.
By the end of the presentation, attendees will have a comprehensive awareness of the risks, responsibilities, and strategies necessary to protect their organization from financial crime and ensure AML compliance.
Areas Covered
- Introduction
- What is Money Laundering?
- Why Finance Professionals Ned Awareness
- Red Flags and Risk Indicators
- Know Your Customer (KYC) Essentials
- Suspicious Activity Reporting (SAR)
- The Role of Technology in Money Laundering Detection
- Case Studies: Money Laundering Schemes and Lessons Learned
- Best Practices for Finance Professionals
- Penalties for Non-Compliance
- The Future of Money Laundering and AML Compliance
- Conclusion
Who Should Attend
Accountants, Accounting Firms, Internal Auditors, Individuals in Risk Management, Compliance or Governance Roles, AML Professionals, Bank Employees.
Why Should You Attend
This presentation is essential for finance professionals who need to understand their critical role in preventing money laundering and ensuring regulatory compliance. Attending this session will help you:
- Stay Compliant: Learn about the latest global AML regulations, including FATF standards, and understand the specific responsibilities of finance professionals in ensuring compliance.
- Identify Red Flags: Recognize the common warning signs of money laundering, from suspicious transactions to high-risk clients, and take action to mitigate risks.
- Strengthen KYC and SAR Processes: Gain a clear understanding of Know Your Customer (KYC) requirements and when and how to submit Suspicious Activity Reports (SAR).
- Leverage Technology: Discover how advanced technologies, such as data analytics and AI, can help detect money laundering activities and improve your organization's AML efforts.
- Learn from Real-World Case Studies: Understand common pitfalls through case studies of successful and failed AML practices and apply those lessons to your own work.
This session will empower you with the knowledge and best practices needed to protect your organization from financial crime, enhance risk management, and ensure you remain on the right side of regulatory requirements.
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$160.00
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