🔎William Callahan

Hey fraud investigators! If you're headed to the ACFE's 35th Annual Fraud Conference this week, stop by booth 101 to say hello and learn how Case IQ can improve your investigations. #fraudconf #acfe #fraud #fraudinvestigator

8

(SEC - July 19, 2024) The Securities and Exchange Commission’s Division of Enforcement this month launched the Interagency Securities Council (ISC), which invites federal, state, and local regulatory and law enforcement professionals to meet quarterly to discuss the latest in scams, trends, frauds, and mitigation strategies. 🔹 The ISC’s objective is to strengthen the cohesion between federal, state, and local agencies, enhance opportunities to collaborate on cases to protect investors, provide insight and guidance across the ecosystem to those who may not frequently operate in this space, and create a forum for unified efforts in combatting financial fraud. 🔹 The ISC launched with representatives from more than 100 departments and agencies, including federal agencies, state offices of attorneys general and state police, and local police departments and sheriff’s offices. 🔹 “The Interagency Securities Council will help front line investigators stay abreast of emerging threats and fact patterns to protect their communities from securities fraud, while supporting the efforts of federal, state, and local law enforcement partners across the country,” said Gurbir S. Grewal, Chair of the ISC and Director of the SEC’s Division of Enforcement. 🔹 “As financial frauds become more complex, investors benefit from the government – at all levels – working together and sharing information to protect and inform the public,” said Cristina Martin Firvida, the SEC’s Investor Advocate. NOTE: To see how this continued collaboration and strengthening across federal, state and local levels continues to advance over time and how it could potentially impact cybersecurity harmonization if extended. 🔗 Press Release https://lnkd.in/eQ5K3Zdn #SEC #Buckler #Regulations #federal #state #local #regulatorycompliance #compliance #cybersecuritycompliance #enforcement #cyberpolicies #cybersecuritypolicies #cybersecurityawareness #financialservices #governance #riskmanagment #cybergrc #regtech

3

On June 28, 2024, The U.S. Department of the Treasury Financial Crimes Enforcement Network announced a proposed rule to strengthen and modernize financial institutions' anti-money laundering and countering the financing of terrorism (AML/CFT) programs. Through its emphasis on risk-based AML/CFT programs, the proposed rule seeks to avoid onesize-fits-all approaches to customer risk that can lead to financial institutions declining to provide financial services to entire categories of customers. While financial institutions have long maintained #AML #CFT programs under existing regulations, this proposed rule would amend those regulations to explicitly require that such programs be effective, risk-based, and reasonably designed. This change would enable financial institutions to focus their resources and attention in a manner consistent with their risk profiles. The proposed amendments are based on changes to the Bank Secrecy Act enacted by the Anti-Money Laundering Act of 2020. They are key to the Treasury's objectives for a more effective and risk-based AML/CFT regulatory and supervisory regime. Deputy Secretary of the Treasury, Wally Adeyemo, highlighted the growing collaboration between financial institutions and government agencies to tackle law enforcement and national security issues related to illicit finance. "The proposed rule is an important step for the agency, as well as the broader Administration and U.S. government, in ensuring we are doing all we can to prevent the use of U.S. companies and the financial system more broadly from being utilized for these illicit purposes," said Director Gacki. Key elements of the proposed rule include: 🔹 Financial institutions must create, execute, and maintain effective AML/CFT programs, including risk assessments. 🔹Financial institutions must incorporate government-wide AML/CFT priorities into their risk-based programs. 🔹Introducing technical changes aims to enhance clarity and consistency in requirements for various financial institutions. 🔹The proposal emphasizes the need for risk-based AML/CFT programs, avoiding a one-size-fits-all approach, to promote financial inclusion and align with Treasury's De-risking Strategy. The proposal was prepared by FinCEN in consultation with the Boards of Governors of the Federal Reserve System, the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, and the National Credit Union Administration. The purpose of the consultation was to collectively issue proposed amendments to their respective BSA compliance program rules for the institutions they supervise. Stakeholders must provide written comments on FinCEN's proposed rule within 60 days of its publication in the Federal Register.

5

TREND ANALYSIS REPORT: Trend analysis report via Financial Crimes Enforcement Network, US Treasury: “FinCEN issued an analysis on elder financial exploitation, or the illegal or improper use of an older adult’s funds, property, or assets. The analysis examined more than 155,000 Bank Secrecy Act filings that indicated roughly $27 billion in related suspicious activity in a single year.” #FinancialCrime #TargetedVictims #FinancialCrime #OrganisedCrime #Fraud #Scams #SuspiciousActivity

9

Check it out - Equivocal Death / SBI Investigations https://lnkd.in/gpDsJ3x5 > Elevate your defense investigations > Pre-requisite for the Certified Forensic Death Investigator (CFDI) Program #InvestigativeCourses #PIcourses #Training #ContinuingEducation #PrivateInvestigators #LegalInvestigators #DeathExperts #DefenseInvestigators

1