Morning and Afternoon Sessions:
Facts Writers Need to Know about Money Laundering
Terry Hoyt, Compliance Officer at Vantage West Credit Union for the past fifteen years, will explain money laundering. What, exactly, is money laundering? Why do criminals bother with banks instead of just spending the cash? How do sophisticated criminals try to hide their illegal money laundering from banks? How do banks spot and investigate the criminals trying to disguise the origin of the dirty money? Which government agencies want to know who is laundering money, and what are the penalties for the guilty parties?