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Tax Evasion and Tax Fraud. What it means to you when monitoring BSA and filing SARs

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Course Description:

Bank Secrecy Act requires financial institutions to assist government agencies to detect and prevent money laundering. In May 2013 FinCEN published issue #23 of The SAR Activity Review Trends Tips & Issues. Table 2 documents the most frequent activities defined in Category S – Other. Tax Fraud or Evasion makes up 22% of those cases. FinCEN goes on to discuss an Overview of Correspondent Banks, Tax Havens, Shell, Shelf and Offshore Companies and Trusts. They also discuss Tax Fraud or Evasion in their section on Significant Money Laundering Trends and Patterns by Accountants or CPAs. If FinCEN is giving this much time and attention to this topic, so should you.

Look at some of the headlines just from this year alone:

  • Rody accuses newspaper owners of tax evasion.
  • UK woman arrested, millions recovered in tax probe
  • Caterpillar Is Accused in Report to Federal Investigators of Tax Fraud
  • Sylvain Marveaux briefly detained in tax fraud investigation
  • Star of 'American Guns' convicted of fraud, tax evasion

Why should you Attend?

Tax Evasion and Tax Fraud are at the cornerstone of an effective BSA/AML compliance program. Effective monitoring and proper understanding of the topic are required to accurately describe the transactions on a Suspicious Activity Form. This webinar will address the types of transactions and give you examples of how to drill down further to assess those risks.

Areas Covered:

  • Resources
  • What’s the difference? Tax Evasion vs Tax Fraud
  • Definitions
  • Why it matters
  • Global Tax Evasion
  • The Swiss Connection
  • Tax Havens
  • Ties to Money Laundering and Terrorism
  • FATCA. Foreign Account Tax Compliance Act
  • Identity Theft and Tax Fraud
  • FinCEN & Red Flags

Who will benefit?

This webcast will be of a valuable assistance to the below audience.

  • Bank and credit union compliance officers
  • Bank Secrecy Act (BSA) Officers. Many times you will see BSA/AML officer titles. (AML = Anti-Money Laundering)
  • BSA analysts
  • BSA investigators
  • CFOs
  • Bank or Credit Union Operations Officers

Registration Options



Max 5 participants from a single location with 1 Dial-in.


Max 10 participants from a single location with 2 Dial-in.


Avail 12 months unlimited access for a single user.


Material shipped within 15 days post webinar completion & get life time access for unlimited participants.



Avail recording + Attend live session for a single participant.


Unlimited participants for max 5 locations.


Tags


SAR Narrative

Speaker Details

Doug Keipper

Doug Keipper

Certified Anti Money Laundering Specialist, Leading Bank

Doug Keipper, is a Certified Anti-Money Laundering Specialist (CAMS) since 2005 and a former Bank Secrecy Act officer and compliance officer for an $800 Million commercial bank in Atlanta before it sold twice in one year. Doug sold BSA software for eight years and has taught anti-money laundering classes since 2008 throughout the southeast and online. He has talked with over 500 BSA officers throughout the USA and Caribbean.

Refund Policy



Participants/Registrants for our live events, may cancel up to 72 hours prior to the start of the live session and ComplianceTrain will issue a letter of credit to be used towards any of ComplianceTrain's future events. The letter of credit will be valid for 12 months.

ComplianceTrain will process refund in cases where the event has been cancelled and is not rescheduled within 90 days from the original scheduled date of the webinar. In case if a live webinar is cancelled, participants/registrants may choose between recorded version of the course or a refund. Refunds will not be processed to participants who do not show up for the webinar. A webinar may be cancelled due to unavoidable circumstances, participants will be notified 24 hours before the scheduled start of the event. Contact us via email: admin@ComplianceTrain.com