Money Laundering, Law Enforcement and FIs

Money laundering is a pervasive issue that significantly impacts various sectors and everyday lives. This webinar begins with a discussion on how the legal empire and financial sectors are intertwined, highlighting the amount of money circulating through illegal streams such as fake batteries, tires, and aircraft parts, and their effects on everyday individuals. The main goal is to educate the public on these illicit activities and how to avoid them, ultimately reducing victimization.

Money is laundered through various means, including the funding of fake websites and retailers selling counterfeit goods like Nike and Adidas shoes.The people who are involved in such activities are not stereotypical criminals but well-funded, well-connected business people involved in extensive illegal activities.

Webinar addresses the focus of law enforcement on corruption and taxation, pointing out that the real problem lies in fake goods, armed smuggling, and human trafficking. The importance of collaboration is highlighted, as law enforcement has the authority to investigate, and financial institutions track money flows. Despite imperfections, these systems are vital for reducing money laundering, supported by the good intelligence provided by law enforcement partnerships.

Speakers:

Hayley (Davidson) van Loon, Head of Harod APAC / Deputy CEO, Crime Stoppers International

Steve Farrer, Trafficking in Persons (TIP) / Anti Money Laundering (AML) Advisor