The North Korean Threat, US Department of Treasury Countermeasures, and the Financial Industry Role
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When: Tuesday, November 21st
2:00 - 3:00 PM ET
Where: WebEx Webinar

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Complimentary webinar, presented by AML RightSource

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The Democratic People's Republic of Korea (DPRK) has a long history of circumventing sanctions. With the assistance of countries who are willing to support unfavorable regimes, North Korea continues to threaten the global balance of power despite US and other countries and organizations’ efforts.

In this webinar we will discuss the history of the DPRK, the inception of its nuclear program, and subsequent proliferation and sanctions. We will discuss the tactics, techniques, and procedures utilized by North Korea to collaborate with facilitators in other nations to launder money through various shell corporations.

We will then discuss several tools that financial institutions can use to improve their ability to detect this type of suspicious activity at an early stage. Finally we will briefly touch on the political and social impact of effective sanctions.

Key points in the webinar will be:

  • The basic background on the threat issue of the DPRK’s proliferation activities.
  • The US response in the form of economic sanctions and counter threat finance measures.
  • The tactics, techniques, and procedures (TTPs) employed by the DPRK attempting to circumvent the US counter measures.
  • The impact on the US financial system and how industry operates as a force multiplier in efforts to counter the DPRK threat.

Hosted By:

John Wintrow, ICPS

Manager, Financial Crimes Advisory at AML RightSource

Mr. Wintrow has over 30 years of experience across the defense, law enforcement, intelligence community, and consulting spaces. Mr. Wintrow has built and deployed some of the most sensitive investigative and intelligence programs. Mr. Wintrow has utilized BSA reporting for criminal investigative and intelligence purposes and is a recognized expert in targeting terrorist activities and illicit actors. Mr. Wintrow provides financial services clients with expert insights into the development of precise monitoring strategies, investigative techniques and intelligence exploitation.

Samantha Mucha, CAMS, CFCS, JD

Associate, Financial Crimes Advisory at AML RightSource

Ms. Mucha has experience with transaction monitoring, alert resolution, case investigation, Enhanced Due Diligence ("EDD") reviews, Suspicious Activity Reports ("SAR"), and other AML/BSA projects.Ms. Mucha has participated in multiple projects where she conducted periodic reviews for financial institutions with assets ranging from $1billion to $134 billion. She has also been an integral part of developing AML/BSA transaction monitoring procedures, enterprise-wide BSA/AML risk assessments, and tuning/optimization exercises for BSA/AML software.

This webinar is eligible for 1 CFCS credit. A recording and slide deck will be available to ACFCS members within three business days of the presentation. Certificates of participation are available on request to ACFCs members.

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