Event Information
- Event Type: Webinar
- Delivery Channel: Virtual
- Date: 30/03/2023 - 30/03/2023
- Duration: 1Hours
Event Description
Free virtual session on the 30th of March 2023 at 10:00 AM New York, 3:00 PM London, 4:00 PM Paris, and 5:00 PM South Africa.
Money laundering is a global issue that affects both fiat currency and cryptocurrencies. To combat the financing of criminal activity, regulatory bodies have rushed to enact stringent anti-money laundering (AML) legislation to prevent money laundering via cryptocurrency exchanges and custodian services. This is a problem that is not going away!.
According to a 2022 report from the leading blockchain analytics company Chainalysis, criminals laundered $8.6 billion in cryptocurrency in 2021, a 30% increase over the previous year. The report says that “while billions of dollars worth of cryptocurrency are transferred annually from illicit addresses, the majority of it ends up at a surprisingly small number of services, many of which appear to be purpose-built for money laundering.” This figure will only rise in the future unless we do something about it.
It's important to understand the rules & regulations domestically and globally, but there is another avenue that we need to explore as staff working in financial institutions. How does the criminal mind operate? The more we know, the better equipped we will be to stop any potential problems. Also, how do law enforcement professionals investigate with the cooperation of financial institutions?
In the Crypto world, we have to be more prepared than others. During this webinar, we have three former law enforcement professionals that will join us and explain all the details.
Attendees of this webinar will receive an attendance certificate.
Don't miss out!!
Expert Trainer
JUSTIN MUSCOLINO
GCI Advisory panel, AML and compliance expert
Justin has been working in regulatory roles for most of his career. He has worked for financial companies such as Macquarie, JPMorgan, Bank of America and UBS. Justin also worked for a US regulator, FINRA, where he helped create Examiner University. After his corporate career concluded, Justin worked for GRC Solutions as Head of North American Operations and then started his own firm, tweezzle, which is a virtual training company that specializes in regulatory compliance. It combines learning and entertainment. In addition, Justin works as a strategic advisor for start-ups.
Justin is an experienced compliance training professional with over 20 years of creating and developing Compliance training programs, managing regulatory projects, liaising with regulators, and identifying gaps/opportunities for improvements in risk mitigation.
DENNIS LORMEL
Independent Security and Investigations Professional. a recognized subject matter expert in AML, CFT and fraud.
Dennis Lormel retired from the Federal Bureau of Investigation (FBI) in December 2003, having served 28 years as a Special Agent. During his distinguished career, Dennis amassed extensive major case experience as a street agent, supervisor and senior executive, particularly in complex, document and labor intensive financial related investigative matters. In December 2000, Dennis was promoted to Chief of the FBI’s Financial Crimes Program.
Immediately following the terrorist attacks of September 2001, Dennis formulated, established and directed the FBI’s comprehensive terrorist financing initiative. He developed and implemented a variety of proactive and progressive investigative methodologies. These efforts evolved into the formation of a formal Section within the Counterterrorism Division of the FBI, known as The Terrorist Financing Operations Section. This multi-agency, multi-disciplined entity attained international recognition as one of the world’s elite operations for tracking, investigating and disrupting terrorist-related financial activity. For his visionary contributions, Dennis received numerous commendations and awards to include the Award for Investigative Initiative, from the U.S. Department of Justice and the George H. W. Bush Award for Excellence in Counterterrorism, from the Central Intelligence Agency..
Over the last 15 years, Dennis has provided risk advisory consulting services. He is the founder and President of DML Associates, LLC. He provides consulting services and training related to terrorist financing, money laundering, fraud, financial crimes, suspicious activity and due diligence. He also offers financial intelligence services through case studies and trend analysis.
MIKE HEARNS
AML & CFT Expert
AML & Terrorism Financing Trainer and Instructor. Published author of The Cade Taylor series of books. College professor. Technical Advisor for Film/TV and Feature Film Producer.
LOUIS RODDAM
GCI Faculty member, DIRECTOR, FCR COMPLIANCE
Louis has over 20 years’ experience of financial crime prevention, investigation and remediation.
After qualifying as a chartered accountant, Louis specialised in forensic investigations and disputes and then joined the UK Financial Regulator (the ‘FCA’). Here he served as an investigator in both Wholesale and Retail Banking Enforcement before moving to the Supervision Dept, where he led regulatory oversight and liaison with industry stakeholders across major UK retail banks.
Louis subsequently worked at a global risk consulting practice, where he led multiple financial crime, regulatory compliance and investigation assignments before joining a rapidly expanding insurance broker to set up a new financial crime compliance function across three UK hubs.
Since 2018 Louis has worked as an independent consultant, helping clients on a range of financial crime assignments including AML remediation programme assurance and oversight, KYC / CDD file reviews and targeted training. Recently he has been engaged as a financial crime SME on a US Dept of Justice Monitorship and advised a leading UK bank on the management and response to a financial crime regulatory review.