White Collar Crime: From Insider Trading to Money Laundering -- what every Investment Adviser needs to know
Part II: Anti-Money Laundering
The Financial Action Task Force, an inter-governmental body developing and promoting policies to combat money laundering and terrorist financing, ranks countries on their ability to combat money laundering and terrorist financing—the US ranked among the lowest in five of their 51 categories. Not surprisingly, federal authorities have set their sights on enhancing the regulatory framework for comprehensive disclosure of beneficial ownership of entities and greater oversight of financial intermediaries.
How are firms enhancing technology and practices to address anti-corruption legislation? Get answers to this question and more.
Join Bloomberg experts and a special guest speaker as they discuss the challenges and the opportunities facing firms. Attendees will receive actionable insights that will help them tackle onboarding and KYC challenges and beyond.
ABOUT 30 MINUTES ON KYC AND BEYOND SERIES
A series of webinars focused on addressing the pain points of managing and securing entity data originating from the KYC process followed by actionable insights.
Lisa is a marketing a business strategist for Bloomberg Enterprise Solutions with a focus on regulatory compliance technology. Previously she served as General Counsel and Chief Compliance Officer for Litespeed Management LLC and has held multiple business, legal and compliance positions both on the buy-side and on the sell-side throughout her career.
Noah Bishoff is a Director at Standard Chartered Bank, and manages the Legal & Regulatory Response Group within the Financial Crime Compliance Investigations Unit. In addition to complying with subpoenas and other legal and regulatory requests on behalf of the Bank, Noah's team conducts Anti-Money Laundering / Counter-Terrorism Financing investigations on cases arising from subpoenas, USA PATRIOT Act 314(a) requests, sanctions circumvention attempts, and other legal, regulatory, and sanctions-related items. Prior to joining Standard Chartered Bank in 2014, Noah was in-house counsel for a start-up consumer products company. Noah also spent over six years as a commercial litigator at a major New York law firm, where his practice focused heavily on commercial disputes and white collar investigations, including AML/CFT and FCPA compliance issues. Noah is a graduate of Columbia Law School and the University of California, Los Angeles.
Aaron Mendelsohn is a Senior Manager at Ernst & Young in the Fraud Investigation & Dispute Services (FIDS) practice in the New York, NY office. Aaron has more than 15 years of fraud investigation and litigation experience, including regulating securities industry violations at the Financial Industry Regulatory Authority, prosecuting white collar criminal matters at the U.S. Department of Justice, and investigating financial frauds at major international law firms. In these positions, Aaron has managed, litigated, and resolved numerous complex financial investigations while working with the U.S. Securities and Exchange Commission, the Commodity Futures Trading Commission, the Office of the Comptroller of the Currency, and the Financial Crimes Enforcement Network. Aaron has also worked with law enforcement agents from the Federal Bureau of Investigation, the Internal Revenue Service, the U.S. Department of Homeland Security, and other federal and state agencies. Prior to joining EY FIDS, Aaron spent more than two years as a Senior Counsel in FINRA's Enforcement Department. At FINRA, Aaron investigated securities industry violations committed by broker-dealers and registered representatives, including sales practice and trading-related charges. Aaron served as co-counsel in multiple disciplinary proceedings against broker-dealers and registered representatives for violating securities industry rules, including anti-money laundering, fraud, suitability, and supervisory charges. Aaron also served as an Assistant U.S. Attorney in New Jersey and Washington, D.C. for almost ten years. As an Assistant U.S. Attorney, Aaron investigated and prosecuted federal economic crimes, including bankruptcy, corporate, cyber, mortgage, securities, and tax fraud. He obtained guilty verdicts in multiple jury trials involving money laundering, bank and tax fraud. Aaron also investigated and prosecuted Foreign Corrupt Practices Act violations with the SEC and the Department of Justice's Criminal Division, including bribery and kick-back schemes in Africa, Asia, and Latin America. Additionally, Aaron investigated and prosecuted Bank Secrecy Act and money laundering violations, with the OCC and FinCEN, committed by financial institutions and money transmitting businesses, including virtual currency exchanges. Throughout his career, Aaron has served as a speaker and panelist on regulatory and compliance issues, including cybersecurity, the FCPA, and fraud investigations. Aaron has also received numerous awards and commendations, including FINRA's Premier Achievement Award for “exemplary work and dedicated service” to FINRA, for serving as co-counsel in a disciplinary proceeding involving SEC Rule 10b-5 fraud charges and suitability violations, and from the U.S. Department of Justice, the U.S. Secret Service, the Internal Revenue Service, and the International Association of Financial Crimes Investigators, New York Chapter.