Anti Money Laundering Presentation
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Anti Money Laundering Presentation

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This is my presentation about what is money laundering crime and what is the role of financial institutions in the fight against it. I used it during my speech for a bunch of Business School Students ...

This is my presentation about what is money laundering crime and what is the role of financial institutions in the fight against it. I used it during my speech for a bunch of Business School Students (ISM).

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Anti Money Laundering Presentation Presentation Transcript

  • 1. Audrius Šapola Head of security department
  • 2. Physical security
  • 3. Information security
  • 4. Fraud prevention
  • 5. Prevention of money laundering and terrorist financing
  • 6. How it affects financial institutions? What is money laundering and terrorist financing?
  • 7. “ Behind every great fortune there is a crime” Honore de Balzac
  • 8. What i s money laundering?
  • 9.  
  • 10. “ Money laundering is any action taken to conceal, arrange, use or possess the proceeds of any criminal conduct ” Serious Organised Crime Agency, UK
  • 11. “ Money laundering is the name given to the process by which illegally obtained funds are given the appearance of having been legitimately obtained ” Australian Transaction Reports and Analysis Centre
  • 12. “ Money laundering is the method by which criminals disguise the illegal origins of their wealth and protect their asset bases, so as to avoid suspicion of law enforcement and to prevent leaving a trail of incriminating evidence ” United Nations Office on Drugs and Crime
  • 13. “ I am like any other man. All I do is supply a demand” Al Capone
  • 14.  
  • 15. Human trafficking Arms smuggling Tax evasion Drug trafficking Corrupt practices Theft Fraud Robbery Prostitution
  • 16. “ Funds laundered in the world could range between two and five per cent of the world’s gross domestic product . Using 1996 statistics, these percentages would Approximate between US $ 590 billion and U.S. $ 1.5 trillion ” International Monetary Fund
  • 17. ® Hide wealth ® Avoid prosecution ® Evade taxes ® Increase profits ® Become legitimate Why?
  • 18. laundering process
  • 19. # placement
  • 20. smurfing
  • 21. smurfing explained
  • 22. smurfing explained
  • 23. electronic transfer
  • 24. gambling
  • 25. gambling
  • 26. # layering
  • 27. electronic funds transfer
  • 28.  
  • 29.  
  • 30. # integration
  • 31. credit and debit cards
  • 32. terrorist financing
  • 33.  
  • 34. ® Recruit and sustain ® Acquire influence ® Build support base ® Carry out terrorism Why?
  • 35. “ Follow the money” - Deep Throat
  • 36. hawala
  • 37. money laundering vs. terrorist financing
  • 38. standard setters
  • 39.  
  • 40.  
  • 41. The Basel Committee on Banking Supervision
  • 42. The Egmont Group
  • 43. What’s in it for the bank?
  • 44. what risks?
  • 45. 5
  • 46. operational risk
  • 47. legal risk
  • 48.  
  • 49. financial and concentration risk
  • 50. “ It takes 20 years to build a reputation and five minutes to ruin it” Warren Buffet
  • 51. risk assessment
  • 52. k now y our c ustomer
  • 53.  
  • 54.  
  • 55.  
  • 56.  
  • 57. p olitically e xposed p ersons
  • 58.  
  • 59. correspondent banking requirements
  • 60. screening and monitoring
  • 61. ERASE Risk Analysis ERASE Profiling Alert Generation User View Data reduction & increased accuracy Transactions Profiles $ $ $ $ $ $ $ $ Risk Views ERASE Risk Views Alerts ! ! ! ! !
  • 62. reporting and freezing
  • 63. Staff training
  • 64.  
  • 65. arresting power?
  • 66. financial institution =
  • 67. ?
  • 68. a few examples…
  • 69.  
  • 70.  
  • 71.  
  • 72.  
  • 73. Questions ?
  • 74. Thanks to:
    • Australian Transaction Reports and Analysis Centre (AUSTRAC)
    • Flickr
    • Delfi
    • Lietuvos Rytas
    • Neteconomy
    • stock.xchng