Scott is a Senior Managing Director within FTI's Risk & Investigations practice assisting clients and their outside counsel in managing their response to event-driven white collar crime, misconduct and bribery incidents across FTI's 27 country footprint. He is also the host of the new podcast series: Fraud Eats Strategy. He has wide-ranging experience including nearly 10 years as an FBI Special Agent investigating complex, cross-border white collar crime, corruption and money laundering. He has assisted some of the largest companies and financial institutions in the world to remediate their ethics & compliance, anti-bribery and corruption, fraud risk management and anti-money laundering programs.
Part 2 of this Fraud Eats Strategy series, Scott Moritz continues the conversation on the Anti-Money Laundering Act of 2020 (AMLA 2020) with Matt Biben, Partner of Gibson Dunn.
In this episode, we’re going to discuss the Anti-Money Laundering Act of 2020 (AMLA 2020). This is the most comprehensive set of reforms to U.S. anti-money laundering (“AML”) laws since the passage of the USA PATRIOT Act in 2001. While there is a lot to the Act, there are some important changes and enhancements that should have an immediate and long-lasting impact on anti-money laundering.
Cybersecurity is at the top of most organizations’ list of critical risks and is often cited by C-suite executives and Board Members as their gravest concern. Threats that are this complex and amorphous require strong partnerships including the inside of the organization. At first glance, cybersecurity and internal audit would seem to have very little in common or little need to interact with one another. Indeed, that is probably still the case in many organizations. Our guests today however have taken a different approach.
In this episode, we discuss trade-based money laundering. According to the intergovernmental money laundering and terrorist financing watchdog the Financial Action Task Force (FATF), there are three primary methods that transnational criminal and terrorist organizations utilize to launder the proceeds of illicit activity and use illicit proceeds to finance terrorist operations. 1. Through the use of the financial system; 2. Physical movement of hard currency by use of couriers and smuggling techniques and; 3. Through the physical movement of commercial and consumer goods in international trade.
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Creator Details
Episode Count
29
Podcast Count
2
Total Airtime
12 hours, 16 minutes
PCID
337833