Understanding Alternative Payment Methods and Associated Risks

Sponsored by

G2 Web Services
  • When: April 11, 2017
  • Time: 10:00 – 11:00 AM PT
    1:00 – 2:00 PM ET
  • Level: All

Criminals throughout the world are constantly discovering and utilizing unsuspecting alternative payment methods to perpetrate their crimes. The accessibility of easy-to-use tools are increasingly available, which unfortunately help to facilitate cybercrime and the proliferation of payments laundering. We will take a unique look at the threats posed by these new cybercriminals from the "payment hustler’s" point of view. From peer-to-peer payments, eWallets, mobile payments to prepaid cards — it is imperative that financial institutions remain proactive in efforts to combat fraud and alternative payment laundering. During this informative webinar, current tactics used by criminals, as well as case studies of transaction and payments laundering will be discussed.

Learning Objectives

  • Review recent case studies of transaction and payments laundering for lessons-learned and practical approaches
  • Understand how criminals set up new payment methods (“Payments Hustling”) to perpetrate their crimes
  • Gain insight on how to improve current due diligence processes to effectively and efficiently detect fraudulent activity

Who Should Attend

  • BSA/AML Officers
  • Compliance Officers
  • Risk Managers
  • Financial Crimes Officers
  • Alternative Payment Providers


  • Money Services Businesses
  • Banking
  • Technology

Watch Here


Bene’t Garcia
  • Bene’t Garcia

  • Director of Marketing
  • G2 Web Services


Jane Hennessy
  • Jane Hennessy

  • Head of External Alliances
  • G2 Web Services

Dennis Lormel
  • Dennis Lormel, CAMS

  • President and CEO of DML Associates, LLC
  • Former Chief of Financial Crimes Program, FBI


Mr. Lormel retired from the FBI in 2003, after nearly 28 years as a special agent. In December 2000, he was named Chief of the FBI’s Financial Crimes Program. Following the terrorist attacks of September 2001, he established and directed the FBI’s comprehensive terrorist financing initiative. These efforts evolved into the formation of a formal Section within the Counterterrorism Division of the FBI, known as The Terrorist Financing Operations Section.

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