Event Sessions

Human trafficking is the 2nd largest crime in the world and a $150 billion U.S. business. Every financial transaction leaves a digital footprint that can bring justice and safety to victims if the red flags are recognized and reported. During this session, we will discuss the payment, spending, deposit, and travel patterns typically involved with human trafficking accounts. We will also learn about social media and mobile apps developed to recruit and sell vulnerable children and adults. Lastly, we will hear from a Survivor Leader about the importance of financial institution intervention and FinCEN reporting.  

Every day, law enforcement is presented with a myriad of leads of radicalized individuals that require the exercise of sound judgment to determine which to pursue and which to close out. Leaders must allocate their time, attention, and inherently limited resources on the highest priority cases. Even where there is evidence that a U.S. citizen may be radicalizing, the Constitution appropriately limits the actions that government can take. In this session, we will discuss how institutional culture, policies, and training may affect how Law Enforcement intervenes with radicalized individuals and what role financial institutions play.

Elder financial exploitation is a huge and growing issue in the United States, especially during the pandemic. New scams targeting our elders are on the rise. Learn through case examples the red flags you should watch for and how best to protect older adults from financial crimes, as well as state and federal laws pertaining to reporting this type of exploitation. We will discuss various case studies where financial institution and social services collaborations have had successful outcomes and how you can build those relationships in your community.

Collecting CDD/EDD/KYC data, including beneficial ownership info, is critical to any BSA program. While anti-money laundering and anti-corruption laws and related sanctions certainly provide incentives, accurate and efficient data collection also protects financial institutions from unknowingly doing business with foreign citizens, government officials, or anyone doing shady business. Join this session and learn best practices to step up your institution's data collection game.