Financial crime intersects the securities sector
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11/16/2016
When: Wednesday, Nov. 16th
1:00 - 2:00 PM ET


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Identifying fraud red flags, recovering funds and removing obstacles to information sharing

Free for members | $25 for non-members

Financial crime compliance professionals in the securities industry face an array of unique challenges – for example, complex products and trading chains can open multiple avenues for fraud, and provide criminals with opportunities to move illicit assets. That same complexity can make the securities world opaque and confusing to outsiders, including compliance officers at banks and other financial institutions.

This creates a dilemma for professionals in the securities field – when seeking assistance in tracing illicit funds or following up on suspicious activity, they may find that their counterparts in the banking sector aren’t able to help, because they aren’t fluent in the language of securities.

This webinar will provide insights on some of the basics of the securities field and its vulnerabilities to fraud, with the goal of helping those inside and outside the industry collaborate more effectively. It will also explain how those outside the industry - e.g. compliance roles at banks - can assist with stopping the movement of fraudulent funds they may have received.

Attendees will learn:

  • How trades and transactions occur in securities firms and where fraud can occur.
  • Red flags that could be indicative of illicit trading across a range of stock valuations.
  • How fraudsters liquidate assets and techniques they use to launder money.
  • How to communicate, convince and win over banks that have received stolen money to help recoup funds.
  • Common barriers to information sharing between securities firms and themselves, and securities firms and banks. 

About the Presenter:

Becki LaPorte has more than 17 years of experience in the financial services industry, including in the areas of compliance, conducting investigations, developing and delivering comprehensive training, and consulting on program development and implementation. 

She is currently Vice President, AML Compliance Officer for Advisor Group, one of the largest networks of independent broker-dealers in the United States. Her team is responsible for reviewing and investigating activity across the financial crime spectrum including AML, fraud, and account intrusion.

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