ACAMS offers web seminar on Anti-Money Laundering
On February 6, 2009, the Association of Certified Anti-Money Laundering Specialists (ACAMS) will hold a web seminar entitled “Analyzing Recent Mortgage Fraud Trends to Protect your Institution from Potential Abuse”.
According to ACAMS, it is not a secret to anyone that one of the roots of the economic crisis is mortgage fraud. Therefore, regulators have recently shifted some of their focus from anti-money laundering to focus more on lending practices and the complexity of mortgage fraud.
This is why it is important for financial institutions need to pay more attention to mortgage fraud trends. This will allow them not only to protect themselves but also to avoid monetary losses (penalties, legal expenses and foreclosures). So, the issues of the latest trends in mortgage frauds, identifying mortgage fraud and the regulatory expectations for 2009 will be addressed at this web seminar.