Effective Anti-money Laundering Program - Financial Fraud Detection, Prevention
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Speaker : RICHARD E. CASCARINO
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When : Thursday, July 18, 2024
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Time : 01 : 00 PM EST
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Richard E. Cascarino, MBA, CIA, CISM, CFE, CRMA
Well known in international auditing, Richard is a principal of Richard Cascarino & Associates based in Colorado, USA and Johannesburg, South Africa with over 32 years of experience in audit training and consultancy.
He is a regular speaker to National and International conferences and has presented courses throughout Africa, Europe, the Middle East and the USA.
Richard is a Past President of the Institute of Internal Auditors in South Africa, was the founding Regional Director of the Southern African Region of the IIA-Inc and is a member of ISACA, and the Association of Certified Fraud Examiners, where he was a member of the Board of Regents for Higher Education.
Richard was Chairman of the Audit Committee of Gauteng cluster 2 (Premier's office, Shared Services and Health) in Johannesburg and was the Chairman of the Audit and Risk Committee of the Department of Public Enterprises in South Africa.
Author of the book Internal Auditing - an Integrated Approach, published by Juta Publishing and now in its 3rd edition. This book is extensively used as a university textbook worldwide. In addition, he is the author of the Auditor's Guide to IT Auditing published by Wiley Publishing, now in its 2nd edition and the book Corporate Fraud and Internal Control: A Framework for Prevention, also Wiley Publishing. He is also a contributor to all 4 editions of QFINANCE, the UItimate Resource, published by Bloomsbury. His latest books are Data Analytics for the Internal Auditor, and The Complete Guide to the CISA Examination, both published by CRC Press.
This Webinar Will describe
- Auditing financial accounts
- Recognizing suspicious transactions
- Use of computerized tools
- Customer information- building up-to-date KYC design
- Training and Awareness
- Flagging high-risk accounts
- Transaction monitoring
Areas Covered
- Money Laundering –Definition and History
- Money Laundering in the 21st century
- International Initiative
- Red Flags and indicators
- Money Laundering skills development
- Common Problems with AML systems
- Implementing effective AML systems
- Making KYC work
- Continuous transaction monitoring
Course Level - Intermediate / Advanced
Who Should Attend
- Bankers, Accountants, Auditors and consultants who are required to understand Money Laundering in the course of their duties. In addition, corporate financial managers will find it beneficial. These people would include:
- Chief executive officers
- Chief financial officers
- Compliance officers
- Risk managers
- Internal auditors
- External auditors
Why Should You Attend
In attending this webinar, delegates will gain:
- An understanding of the risks and opportunities for money laundering activities
- A knowledge of current trends and regulations in AML on an international basis
- Knowledge of red flags for AML
- An understanding of the skill requirements for AML officers
- The ability to design and implement effective AML Systems
- An understanding of the drawbacks of ineffective KYC systems
- An understanding of how to effectively implement continuous monitoring in an AML environment
Topic Background
Financial fraud involves schemes intended to defraud a financial institution or to obtain assets under the control of a financial institution by means of fraud. Multiple variations of such fraud occur, including:
- Money laundering
- Card fraud
- Check fraud
- Wire fraud
- Online fraud
Money laundering involves the processing of a financial transaction representing the proceeds of unlawful activity in such a manner to conceal the nature, source, or ownership of the proceeds or to avoid a legal requirement to report such a transaction.
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$160.00
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