Jim George is an independent consultant to banks focusing on issues of identity, AML, Know Your Customer issues, and fraud. He brings over 25 years as a consultant to major banks in Associate Partner and Principal roles at PricewaterhouseCoopers Consulting, IBM Consulting in Bank Risk and Compliance, and Andersen Consulting. Jim’s work has included projects in customer identity, fraud loss reduction, AML regulatory compliance (including KYC and CDD), and detection systems. He was a member of a Justice Department Interagency AML Taskforce in Miami, Florida.
This webinar will provide valuable assistance to all personnel with HDMA reporting responsibilities in banks or other mortgage issuing institutions: Compliance with regulatory requirementsWho must reportWhat must be reportedWhat kind of errors are commonWhat errors cause the biggest regulator reactionsGeneral concepts of error reductionHDMA reporting used to have a very high error rate. This has been less..
Embezzlement, kickbacks, check fraud, financial statement fraud and vendor billing schemes are just a few of the countless economic crimes committed by employees and outsiders. And with the march of technology, new computer and Internet-driven schemes are being deployed by dishonest insiders all the time.Learning ObjectivesUnderstand the fraud problemWhy employees commit fraudEssential fraud detection tools..
FinCEN has issued substantial new AML requirements focused on a major expansion of Know Your Customer into what is now Customer Due Diligence, CDD. It goes far beyond knowledge of the Customer Legal Entity to the Beneficial Owner of that entity and its Controlling Persons. It is focused beyond the initial customer acceptance step, requiring updating and ongoing monitoring against baseline “normal” activity ..