Detecting and Preventing COVID-19 Fraud

Thursday, February 11th, 2021
7:00 PM - 8:00 PM

Add to Calendar: Add to Calendar: 2021-02-11 19:00:00 2021-02-11 20:00:00 Detecting and Preventing COVID-19 Fraud Event Description Financial criminals continue to take advantage of individuals, businesses, and government programs as the COVID-19 Pandemic progresses. With the recently passed government programs and new relief packages on the horizon, businesses and financial institutions must understand the business and regulatory risk that COVID-19 fraud.  This program will examine current and developing fraud typologies and inform your institution on red flags for detecting them.  CLE Reading Materials Speaker Biography Braddock Stevenson is currently AML and Payments Counsel for O’Melveny & Myers after more than a decade at the US Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN), most recently serving as Deputy Associate Director of FinCEN’s Enforcement Division. Mr. Stevenson advises financial institutions and fintech companies on anti-money laundering and Bank Secrecy Act (BSA) compliance to help them navigate investigations and enforcement matters.  While at FinCEN, Mr. Stevenson oversaw BSA compliance and enforcement for all US financial institutions including banks, virtual currency exchanges, broker-dealers, money transmitters, casinos, and jewelry dealers. Mr. Stevenson led multiple investigations into a broad range of financial institutions and served as the lead negotiator in resolving BSA matters. His work included developing the Department of the Treasury’s BSA supervision strategy for all US financial institutions and advising both private sector and government officials on compliance matters. His responsibilities also included investigating and drafting USA PATRIOT ACT section 311 actions and representing FinCEN in intra-agency task forces. Mr. Stevenson spent four years stationed in the New York High Intensity Financial Crimes Area advising law enforcement on money laundering investigations. Mr. Stevenson worked extensively on developing BSA policy for traditional and emerging payment systems including SWIFT, ACH, Fedwire, CHIPs, mobile payments, prepaid cards, and virtual currency platforms.  School of Law School of Law America/New_York public

Sponsored by the Master of Arts in Financial Integrity program

event is free to attend virtually

 

1 hour of CLE credit, pending approval

Event Description

Financial criminals continue to take advantage of individuals, businesses, and government programs as the COVID-19 Pandemic progresses. With the recently passed government programs and new relief packages on the horizon, businesses and financial institutions must understand the business and regulatory risk that COVID-19 fraud.  This program will examine current and developing fraud typologies and inform your institution on red flags for detecting them. 

CLE Reading Materials

Speaker Biography

Braddock Stevenson is currently AML and Payments Counsel for O’Melveny & Myers after more than a decade at the US Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN), most recently serving as Deputy Associate Director of FinCEN’s Enforcement Division. Mr. Stevenson advises financial institutions and fintech companies on anti-money laundering and Bank Secrecy Act (BSA) compliance to help them navigate investigations and enforcement matters. 

While at FinCEN, Mr. Stevenson oversaw BSA compliance and enforcement for all US financial institutions including banks, virtual currency exchanges, broker-dealers, money transmitters, casinos, and jewelry dealers. Mr. Stevenson led multiple investigations into a broad range of financial institutions and served as the lead negotiator in resolving BSA matters. His work included developing the Department of the Treasury’s BSA supervision strategy for all US financial institutions and advising both private sector and government officials on compliance matters. His responsibilities also included investigating and drafting USA PATRIOT ACT section 311 actions and representing FinCEN in intra-agency task forces. Mr. Stevenson spent four years stationed in the New York High Intensity Financial Crimes Area advising law enforcement on money laundering investigations. Mr. Stevenson worked extensively on developing BSA policy for traditional and emerging payment systems including SWIFT, ACH, Fedwire, CHIPs, mobile payments, prepaid cards, and virtual currency platforms. 

Braddock Stevenson

Braddock Stevenson, AML and Payments Counsel for O’Melveny & Myers