$40 billion dollar fine against JP Morgan Chase & Bessemer
Federal banking crimes encompass a range of offenses against financial institutions, often targeting the assets or services.
Financial Crimes Experts & Consultants
A financial crimes consultant helps organizations prevent, detect, and investigate financial crimes like money laundering, fraud, and other white-collar crimes. They advise on compliance, risk assessment, and internal controls,often focusing on programs and other regulatory requirements.
Key responsibilities and activities of a financial crimes consultant include:
- Compliance and Risk Management:Developing and implementing compliance programs, conducting risk assessments, and evaluating internal controls to prevent financial crimes.
- Investigation and Analysis:Conducting internal investigations,analyzing transactional data, and supporting law enforcement agencies in building cases.
- Technology and Systems:Assisting with the implementation and validation of technology systems like AML software, fraud detection systems, and transaction monitoring systems.
- Expertise and Advice:Providing expert advice on regulatory compliance, due diligence, and third-party risk management.
- Training and Education:Developing and delivering training programs on financial crime prevention and compliance policies.
