Webinar | 90-Minutes | $199

Overview:

The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued an Advisory urging financial institutions to be vigilant against risks presented by the unlawful employment of illegal aliens.  By hiring, concealing, and exploiting non-work authorized populations, employers can gain an unfair advantage over legitimate U.S. businesses, depress wages, facilitate identity theft of Americans, and steal tax revenue meant for government benefit programs. Schemes to pay unlawful workers often rely upon access to the U.S. financial system, including U.S. banks.

Unlawfully obtained wages can be leveraged to facilitate the financing of transnational criminal organizations—several of which have been designated as Foreign Terrorist Organizations—and their global criminal enterprises, including drug trafficking, human trafficking, and other illicit activity in the United States

Learn what you need to know and do:

Highlights:

• Use of ITINS in enhanced due diligence
• Filing of SARS
• Case Studies
• Detecting Red flags such as:
  • Unlawful aliens can illicitly obtain Social Security numbers and other personally identifiable information of U.S. citizens and lawful permanent residents to gain unlawful employment and wages, employer- and government-provided health care benefits in the United States, and access to financial services.
  • Learn how complicit employers can also use payroll tax fraud schemes to conceal their hiring of low-wage unlawful alien workers, as well as to evade taxes and workers’ compensation benefits.
  • How complicit labor brokers may use a foreign identity document—such as a foreign passport—or an Individual Taxpayer Identification Number (ITIN) to open the account for the shell company at a bank.

Who should attend?  BSA/AML Officers, Staff, Compliance and Training

Seminar Instructor

Deborah Crawford is the President of Gettechnical Inc., a Florida-based firm, specializing in the education of banks across the nation.  Her 40+ years of banking and teaching experience began at Hibernia National Bank in New Orleans. She graduated from Louisiana State University with both her bachelor’s and master’s degrees.  Deborah’s specialty is in the deposit side of the financial institution where she teaches seminars on regulations, documentation, insurance, and Individual Retirement Accounts.

OnDemand Registration 

The cost for 90 days of unlimited access to this recording is $199.

You will receive a download link for any materials and manuals used by the instructor (digital), and a viewing link to the recordings of the class. (You will have unlimited access to the recording for 90 days.)

More Information

Please call (800) 354-3051 for additional information.