Money Laundering Risks: Spot Red Flags and Report Suspicious Activity

Class Description

Class Information

$0.00
Candidate / Designee
$60.00
Non-member
Format: 
Webinar
Credit: 
1 Credit
Credit Type: 
CRS Education
Duration: 
1 Hour

Download Course Material

View the FREE CRS Member Benefit webinar recording, Money Laundering Risks: Spot Red Flags and Report Suspicious Activity, with Lesley Walker, Senior Counsel for the National Association of Realtors, Christie DeSanctis, Government Affairs, Policy Representative for the National Association of Realtors, Young Lee, Senior Policy Advisor in the Office of Terrorist Financing and Financial Crimes and Lawrence Scheinert, Director for the Office of Special Measures at the U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN), recorded on March 29, 2017.

What to Expect ...

Real estate professionals can learn what money laundering is, the landscape of U.S. money laundering laws, and how real estate professionals can be effective partner in the fight against money laundering by knowing how to spot money laundering red flags and where to report suspicious activity. In addition, attendees will learn about recent efforts by the U.S. government to stop the use of real estate as a vehicle for money laundering and the financing of terrorism.

After viewing this webinar recording, you will be able to ...

 

Meet the Panel ...

Young Lee, is a Senior Policy Advisor in the Office of Terrorist Financing and Financial Crimes at the U.S. Department of the Treasury, where he focuses on financial transparency regulation under the Bank Secrecy Act (BSA) and related authorities; anti-money laundering and countering the financing of terrorism in the securities, derivatives, insurance, and real estate sectors; foreign and domestic data privacy law; cybersecurity; and financial services for marijuana businesses. In that role, he represented the Department in the U.S. delegation during negotiations in 2014 and 2015 of a law enforcement information sharing agreement between the U.S. and the European Union, which entered into force in February 2017. He also served a part-time detail in 2015 at the Department's Financial Crimes Enforcement Network (FinCEN) to develop and draft BSA regulations, including the May 2016 Final Rule regarding Customer Due Diligence obligations for financial institutions. Prior to joining the Treasury Department, he worked as an associate in private practice in New York City; as a law clerk to judges on the U.S. Court of Appeals for the Second Circuit, the U.S. District Court for the Southern District of New York, and the U.S. District Court for the District of Columbia; and on political campaigns in 2008 and 2012. He is a graduate of Harvard College and Columbia Law School, where he was Editor-in-Chief of the Columbia Law Review.

 

Lawrence Scheinert, is the Director for the Office of Special Measures at the U.S. Treasury Department's Financial Crimes Enforcement Network (FinCEN). In this role within FinCEN's Enforcement Division, he manages a team of investigators that leverage intelligence, law enforcement, and sensitive financial data to execute FinCEN's unique statutory authorities. These authorities include enhanced financial intelligence collection and international enforcement actions, such as Section 311 of the USA Patriot Act and Geographic Targeting Orders. Before joining FinCEN, Lawrence served as a Policy Advisor in the Treasury Department's Office of Terrorist Financing and Financial Crimes. Prior to his time at Treasury, he was a corporate lawyer at the international law firm White & Case in Miami, Fl.

 

Lesley Walker, has been with NAR since May 2010. Lesley focuses her work on matters including the Americans with Disabilities Act, fair housing issues, NAR Constitution and Bylaws, Risk Management Committee and general contract negotiation matters. She received her J.D. from the Villanova University School of Law, and is a graduate of The Pennsylvania State University, where she earned a B.S. and a B.A. Lesley is admitted to the state bar of Pennsylvania and is admitted as in-house counsel to the state bar of Illinois.

 

 

 

Christie DeSanctis, handles business issues for NAR's Government Affairs Regulatory Policy team. These issues include the Real Estate Settlement Procedures Act, the Know Before You Owe mortgage initiative, and independent contractor misclassification regulations. Prior to joining NAR in June 2016, Christie worked for the U.S. House of Representatives Committee on Education and the Workforce on employer benefits and workforce protections matters. She received her J.D. from the University of Maine School of Law and is a graduate of Virginia Tech, where she earned dual B.S. degrees. Christie is admitted to the state bar of Virginia.

 

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Topics Covered 
Finance
Risk Management