BSA COVID-19 Fraud Issues – ON-DEMAND WEBINARS

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SKU: SWBVU Category:
Overview

Recorded: August 26, 2021

Presented by: Mr. Mark Dever, VP and Senior Consultant, FORVIS

Although the COVID-19 pandemic impacts continue to decrease (hopefully) across the country, the fraudsters remain hard at work, taking advantage of this once-in-a-hundred-year opportunity to defraud individuals and businesses. With the third tranche of EIP payments continuing to flow, and the new Advanced Child Tax Credits beginning in July 2021, the criminals have even more opportunities to defraud the government and taxpayers. To-date, FinCEN has issued eight COVID-19 Advisories, two Alerts, and one Notice to help financial institutions recognize and report potential fraudulent transactions. This webinar will review the recent federal and payment systems guidance and discuss ways to help protect our institutions and our clients from these fraudulent activities.

Here’s What You’ll Learn:

  • Advisory on Financial Crimes Targeting EIP Payments – FIN – 2021 – 002
  • EIP and ACTC Payments Guidance
  • Supplemental Advisory on Human Trafficking – FIN – 2020 – A008
  • Unemployment Insurance Fraud – FIN – 2020 – A007
  • Ransomware – FIN – 2020 – A006, and OFAC Notice
  • Imposter Scams and Money Mule Schemes – FIN – 2020 – A003
  • Allow time for questions from attendees
Who Should Listen

This webinar will be of most value to members of the operations, product management, and compliance communities. The webinar will also be helpful to senior audit managers.

Program Level: Basic

Prerequisite: Basic Knowledge of Anti-Money Laundering and Bank Secrecy Act

Advanced Preparation: None

Field of Study: Specialized Knowledge

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Any recording, transmission, retransmission, or republishing of any portion of this webinar is prohibited.

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