Trade Based Money Laundering
James DeFrantz Overview:
The course will discuss different ways that trade is used to launder money and support terrorism/human trafficking.
Why you should Attend:
Trade-based money laundering is a focus of regulatory agencies.
Areas Covered in the Session:
- "Red Flags" for trade financing
- Expected activity versus actual
- Know your customer
- Recognizing potential suspicious activity
Who Will Benefit:
- BSA and Compliance Staff
- Commercial Bankers
Speaker Profile
James DeFrantz CRCM, CAMS, J.D. has 30 years of experience in financial service regulatory compliance. He has worked with money service businesses in the United States and internationally, including consulting with money remitters, fintech lenders, and foreign exchange firms. He is a specialist in compliance in consumer and real estate lending; BSA; CRA; Fair Lending; Consumer Operations; Non- Non-Deposit Investment Products; Note Department Operations; Assessment of ALL and Credit Approval Processes. He has served as a Senior Compliance Examiner at the Federal Reserve Bank in San Francisco; as an Analytical Manager at the Office of Thrift Supervision; and as a Commissioned National Bank Examiner at the Office of the Comptroller of the Currency (OCC). He has a Certificate from the Pacific Coast Banking School of Bank Management, a Juris Doctor from the University of San Francisco with a concentration in banking and finance, and a BA from Dartmouth College. He is a Certified Regulatory Compliance Management and Certified Anti-Money Laundering Specialist.