  Pre Conference Workshop Sunday, March 30, 2002  Pre-Conference Workshop: 1:00 - 4:00 pm Instructor: Jim Richards Operations Risk Director FLEETBOSTON FINANCIAL Dedham, Massachusetts “Crimes of Purpose - Adaptive Money Laundering Deterrence Concepts and Techniques” To combat worldwide money laundering, over 50 countries have developed financial intelligence units, or FIUs (FinCEN is the U.S. version). When FleetBoston began to build a BSA compliance program in 1998, it was decided to adapt this FIU-concept to the private sector, then to go beyond this and also create a proactive money laundering deterrence database. Jim will discuss the FIU and its in-house database, described as a 'model' for other institutions by the deputy chief counsel of the Senate Permanent Subcommittee on Investigations. Drawing on his experience as a police officer, prosecutor, and banker, Jim will demonstrate the capabilities of the database not just in reviewing money laundering as a 'crime of profit', but for terrorism - the emerging 'crime of purpose.' Examples of the program's capabilities will be given, along with a focus on Internet sources. Learn about pivot tables, the Invisible Web, and even how to buy a submarine on the Internet! Jim presented an abbreviated version of this program at FIRMA’s 2002 Scottsdale conference. Due to the overwhelming response received and requests for additional time for questions and topic expansion, FIRMA is pleased to welcome Jim back for this 3-hour interactive workshop. |