Recorded on February 23, 2021

Criminal, terror, and other types of illicit networks all need revenue streams to survive. This involves control of financial flows from the point of revenue generation through goal accomplishment. To some extent, many of these networks will engage in the international money movement processes maintained by financial institutions around the world in order to move the money in an efficient and secure manner.

This presentation will describe the legitimate processes used by illicit networks to move money through financial systems.

We will discuss:

• The role of the central banks and automated clearing houses, how they function and the information they maintain about transactions are valuable in an investigation 
• The "backbone of the financial network," SWIFT messaging
• Correspondent banking
• "The Travel Rule" and information sharing between banks involved in value transfer.

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The content, views, and opinions expressed in this presentation are those of the individual presenters and do not represent official policy, position, opinions, or views of NW3C.

Presented by:
Mike Loughnane, CFE, CAMS, President, Loughnane, LLC