The History of Money Laundering, Part 2 - From the 1970s to the Era of Big Bank Fines
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3/16/2018
When: Friday, March 16th
1:00 - 2:00 PM ET
Where: Online, via WebEx


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The second in a three-part webinar series that traces the evolution of money laundering, from Capone and Lansky to the Patriot Act and cybercrime groups. Part Three will be April 13th.

Complimentary for ACFCS members, non-members $50 (registration includes both sessions)

Presented by Paul Camacho, VP of AML at Station Casinos and Former IRS-CI Special Agent

In the world of money laundering and financial crime, what’s old is new again. Criminals have used anonymous shell companies, bulk cash smuggling and smurfing for more than a century, getting creative with how to create and move illicit funds even before prohibition opened the door for the likes of Al Capone and Meyer Lansky.

So that puts even more pressure on financial crime compliance officers, and federal, state and local investigators, to have the proper context when criminals use historical tactics and new techniques, including virtual currencies, prepaid cards and money remitters.

This three-part series will look at how investigators, including Elmer Irey and his famed T-men, from the turn of the century to today learned to follow the money, with lessons applicable to your jobs today.

Part One of the series will look at the rise of organized criminal syndicates in the United States and what led to their demise. Part Two will explore the era of “Cocaine Cowboys” and narco cartels, and seminal laws created to prevent banks from being willing accomplices. Part three will look to the present and further, examining current money laundering vulnerabilities including TBML, dark net sites and anonymous virtual currencies.

Attendees will learn:

  • The gumshoe tactics used by early U.S. federal criminal and tax investigators, applicable to today.
  • How criminals have used offshore secrecy havens and anonymous corporations and how to stop them.
  • How banks can be both law enforcement partners and satisfy higher regulatory AML expectations.
  • How to best sensitize your AML compliance team, and the rest of your bank, to a broad array of criminal threats – better controlling risk by stopping them from getting in the door in the first place.

About the Presenter

Paul Camacho, VP of AML at Station Casinos and Former IRS-CI Special Agent

Paul Camacho played a significant role in assisting the American Gaming Association (AGA) in developing industry best practices for Anti Money Laundering compliance. Prior to his retirement, Paul served as the Special Agent in Charge for the Las Vegas Field Office of Internal Revenue Service Criminal Investigation (IRS CI) directing investigations of all IRS CI special agents in Utah and Nevada. Over the course of his career in IRS CI, he has overseen sophisticated financial crime investigations across the spectrum of financial crime. 

Each session provides one CFCS credit.

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