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Event Name:Understanding Human Trafficking for BSA/AML Compliance: Deconstructing the Trafficker
Date:Friday, October 26, 2018 1:00pm CDT
Presented By:BankersHub
Panelist(s) Info: Dennis Lormel  (Bio)

Dennis M. Lormel is a recognized subject matter expert in the anti-money laundering, terrorist financing, and fraud communities. Mr. Lormel is an accomplished speaker and is routinely engaged to provide training at industry conferences. In addition, he frequently participates in media interviews that reach both the U.S. and international markets. This exposure and his vast experience in the law enforcement and consulting fields have afforded him the opportunity to develop a unique and diverse network of colleagues and clients.

After the tragedy of 9/11, Mr. Lormel realized that the terrorists needed a financial infrastructure to accomplish the attacks. He immediately established an investigative organization within the FBI that, within days, identified the funding stream that supported these attacks. This is but one example of his expertise in assessing and establishing viable and effective recommendations that produce results.

Credits:1.2 AAP, 1.0 CPE Credit

Human trafficking is one of the most horrific and profitable crime problems we confront.  Alarmingly, human trafficking is hiding in plain sight, in every corner of society.  Like many criminal activities, finance is a major area of vulnerability to human traffickers.  Anti-money laundering compliance professionals are in a prime position to disrupt human trafficking.  What’s required is becoming situationally aware of the physical and financial warning signs of identifying and deconstructing human traffickers.

Deconstructing a trafficker to prevent and/or disrupt human trafficking requires understanding.  You must understand the risk, the mindset of a trafficker, the attributes of a trafficker, the crime problem and the consequences of trafficking.  When you can place risk, mindset, and attributes to this heinous crime driven by opportunity, you can develop detective and preventive measures to deconstruct a trafficker.

In promoting awareness to human trafficking this BSA/AML webinar will:

  • Define what ‘human trafficking’ is
  • Stress going beyond awareness to recognizing “a” problem to becoming situationally aware of “the” problem
  • Break down the attributes of traffickers in order to diminish opportunity
  • Present examples of proactive initiatives that banks are taking to address this scourge
  • Make financing a major vulnerability for traffickers