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ACAMS 19th Annual International AML & Financial Crime Conference

GAC1.6 - Critical Update on the Money Laundering Risks of Prepaid Access and Mobile Devices


Mar 17, 2014 4:40pm ‐ Mar 17, 2014 5:55pm


Description

Objectives:
  • Understanding the rapidly changing landscape of the $700 billion prepaid access market and what it means for financial institutions and law enforcement
  • Mitigating the various risks of offering prepaid access through your institution’s mobile application
  • Outlining the six silos of criminal use of prepaid access to pinpoint red flags and strengthen monitoring processes
  • Detailing typologies of criminal abuse of prepaid access through examination of a DEA case study
  • Implementing seizure actions at the point of arrest to ensure that funds are not moved to other accounts

Speaker(s):

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