Hook the Crooks: Detecting Illicit Financial Flows Tied to Organized Retail Crime

1
ACAMS Credit
Overview
Organized Retail Crime (ORC) is a growing global menace, with syndicates coordinating mass thefts of luxury goods that are then sold anonymously via online marketplaces. As criminal rings move to launder the illicit proceeds, financial institutions can aid investigations by building staff awareness, enhancing detection and reporting mechanisms and, crucially, sharing information with law enforcement and retailers. This webinar analyzes the rising threat of ORC, the global criminal organizations involved, and the corresponding red flags and typologies tied to it.
Learning Objectives
Defining Organized Retail Crime (ORC) and illustrating how illicit proceeds interact with the formal financial sector
Enhancing effectiveness of detecting illicit financial flows tied to organized retail crime through common red flags and money laundering schemes
Determining best practices for integrating into broader AFC programs and writing effective SAR narratives, including key words, to assist Law Enforcement investigations

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BSA/AML Officers
DNFBPs Professionals
FIU
Investigators
Law Enforcement
Risk Manager
AML Overall
Law Enforcement Relationships
Retail / Consumer Banking
Transaction Monitoring
Ultimate Beneficial Ownership (UBO)
Predicate Crimes and Typologies
Investigations and Suspicious Activity
Credit Union
Financial Institutions
FIS
MSB
Global
United States
Basic
Intermediate