Trade-Based Financial Crime: Emerging Issues and Perennial Challenges
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7/19/2018
When: Thursday, July 19th
1:00 - 2:00 PM ET
Where: On24 Webinar

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Complimentary Webinar, with Presenters from Western Union and US Immigration and Customs Enforcement

When it comes to money laundering through trade, everything that’s old is new again.

Specific tactics, and the criminals behind them, continue to evolve in the trade-based money laundering arena. At the same time, certain techniques and trade corridors exploited by illicit actors remain stubbornly popular, posing ongoing risks to financial institutions and challenges for law enforcement.

In this webinar, experts from the public and private sectors examine the multi-faceted reality of trade-based money laundering, and provide advice on how to confront it on the front lines.

The presentation will cover:

  • Current risk areas for trade-based financial crime, including industries and geographic areas being used
  • The motivations for illicit transactions in trade – from customs violations to money laundering tied to transnational crime – and why they matter for financial institutions
  • Insights on how criminal facilitators exploit all types of financial institutions in trade transactions, including money services businesses, and techniques for detection and prevention
  • And more

This webinar is eligible for 1 continuing education credit and/or CFCS credit. A recording of the presentation, slides, and certificate of participation will be available for ACFCS members only.


About the Presenters

Deborah Morrisey, Director, AML Compliance Caribbean Region, Western Union

Deborah Morrisey, CFCS, CAMS, is currently the Director, AML Compliance for the Caribbean Region of Western Union.  She is responsible for regulatory compliance oversight of all the countries within the Caribbean Region that Western Union services.

Ms. Morrisey served over 25 years in the US Government. She ended her government career in 2013 as the Assistant Special Agent in Charge of the Financial Division at the Miami Office for Homeland Security Investigations. During her time with the government, she investigated one of the first Internet based financial frauds schemes, led a groundbreaking investigation into the laundering of illicit proceeds through insurance policies and headed a division dedicated to investigating all aspects of international financial crimes and money laundering. Ms Morrisey has worked closely with the World Bank, Department of Justice, Department of the Treasury and Department of State in the fight against international public corruption. She is a nationally recognized subject-matter expert (SME) in financial investigations and money laundering.

Hector Colon, Assistant Special Agent in Charge, ICE Homeland Security Investigations

Mr. Héctor X. Colón has more than 21 years of Federal law enforcement experience. He is currently assigned as Assistant Special Agent in Charge (ASAC), Immigration and Customs Enforcement’s (ICE), Homeland Security Investigations (HSI), Tampa, Florida. As an ASAC, he leads four investigative groups and the Resident Agent in Charge Sarasota in conducting a wide array of investigations related to national security and transnational crime.

Prior to his current assignment, Mr. Colón held various key leadership positions at HSI HQs, including as Chief of Staff of the Department of Homeland Security Joint Task Force – Investigations (JTF-I); Director of Investigations at the Customs and Border Protection (CBP) National Targeting Center (NTC-I); Unit Chief, HSI Trade Transparency Unit (TTU); and the Illicit Finance and Proceeds of Crime Unit (IFPCU). In addition, Mr. Colón has served as Acting Executive Director (SES), CBP Office of Trade (OT), where he provided executive level leadership in the development of a strategic and organizational implementation plan for an Operations Directorate within OT.

Mr. Colón initiated his federal law enforcement career in 1997, with the former U.S. Customs Service in San Juan, Puerto Rico.

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