WHO WE ARE? FIBA is a non-profit trade association and international - - PowerPoint PPT Presentation
WHO WE ARE? FIBA is a non-profit trade association and international center for financial excellence. The Florida-BASED, and GLOBALLY CONNECTED, organization's membership includes the largest financial institutions from Europe, the United States,
WHO WE ARE?
FIBA is a non-profit trade association and international center for financial excellence. The Florida-BASED, and GLOBALLY CONNECTED, organization's membership includes the largest financial institutions from Europe, the United States, Latin America and the
OUR TEAM
Member Services Tania Maysonet tmaysonet@fiba.net Operations Engineer Pedro L. Lantigua plantigua@fiba.net Conference & Events Registrations Nina Guillen guillen@fiba.net Alexander J. Brown Front-End Developer abrown@fiba.net Institute Director Sofia Villalobos svillalobos@fiba.net Director of Conferences Belkis Lopez blopez@fiba.net
OUR TEAM
MAY 05
9:00 AM - 12:30 PM (MIAMI TIME)
Join us for a live virtual conference, online conversation with industry leaders on how to best manage and mitigate US and International Credit portfolios during a difficult financial crisis like the one we currently face; share best practices and learn from top credit experts about the latest technologies, processes, systems and procedures that can help during this uncertain moment in time
MAY 06
11:00 AM - 12:00 PM (MIAMI TIME)
MANAGING CREDIT RISK IN TIMES OF CRISIS - KEY PROVISIONS IN CARES ACT FOR SOUTH FLORIDA FINANCIAL INSTITUTIONS Financial institutions across the United States and Latin America are facing an unprecedented credit crisis. In this webinar, we will share best practices in managing credit risk in times of crisis and uncertainty, with a particular focus on the key provisions in the CARES Act that impact financial institutions in South Florida and balancing the demands of working with borrowers while exercising appropriate risk identification and mitigation. Financial institutions in South Florida may be disproportionately impacted by higher unemployment and problem loans due to the concentration of jobs in the tourism, services, travel, and construction sectors, and the influence
also hear directly from credit professionals at two leading financial institutions who will share measures that their financial institutions are taking to prepare for the crisis.
RECORDED WEBINARS click here
Submit your questions anytime. We’ll do Q&A all throughout Please complete the exit survey, we appreciate your input! We will send you the link and ppt of the recording after the event
Coronavirus-related fraud What businesses need to know
Unfortunately, criminals see the international emergency caused by the novel Coronavirus as an opportunity to prey on their victims. All organizations should take great care to make themselves familiar with the trends of COVID-19-related fraud identified by U.S. and foreign government agencies so organizations can detect criminal activity and alert law enforcement. In addition, financial institutions should update their compliance programs and due diligence practices in accordance with these trends of COVID-19-related fraud to prevent Government actions for not filing the appropriate suspicious activity reports for transactions linked to COVID-19. This webinar will give an overview of the trends of COVID-19-related fraud identified by U.S. and foreign Government agencies, and some of the best practices that organizations can implement to detect that criminal activity.
GEORGE DIAZ Diaz Reus partner, George Diaz, is a highly experienced corporate and real estate transactional and litigation attorney, handling U.S. and international matters and disputes related to contracts, real estate development projects, construction and financing, investment structures, corporations, partnerships, mergers, acquisitions, consolidations, and commercial and residential transactions. He structures complex business transactions for real estate development projects including project due diligence and corporate and business entity formation. Fluent in Spanish and English, Mr. Diaz is recognized by The Legal 500 Latin America 2019 for “Miami firms”, and is Peer Review Rated AV Preeminent by Martindale-
for Old Republic National Title Insurance Company. He is a former certified legal intern for the Broward County Public Defenders’ Office and a former editorial staff member of Nova Law Review
MARTA COLOMAR GARCIA Multifaceted bilingual international attorney, Marta Colomar-Garcia brings legal experience in the U.S., Spain, and Latin America, to her practice, which includes international commercial litigation and arbitration for multinational corporations, sovereign governments, and individuals. Ms. Colomar-Garcia is also experienced in international business transactions, corporate counseling, corporate governance, and entity formation. A frequent featured guest contributor to CNN Español and El Venezolano TV, she is also a contributor to Inter-American Dialogue’s Latin America Advisor on topics including international finance, banking, and money
the New York Bar, and the Barcelona Bar in Spain. She earned a Juris Doctor from Nova Southeastern University Shepard Broad Law Center in 2006, and a Juris Doctor degree from the Universitat de Barcelona, Facultat de Dret in 2005. Ms. Colomar-Garcia is a Certified Anti-Money Laundering Specialist (CAMS). She is AV Preeminent Rated by Martindale Hubbell Peer Review.
JAVIER CORONADO DIAZ Javier Coronado is a bilingual litigator skillful in advocating cases, conducting parallel investigations, advising litigation strategies, and negotiating resolutions in complex, high-stakes criminal and civil
practice, which includes international litigation in the areas of white collar-crime and government investigations. Mr. Coronado counsels and represents individuals and corporations in matters involving domestic and foreign corruption, tax evasion, anti-money laundering laws, and financial fraud. He also advises clients in business transactions, corporate governance, and entity formation, particularly, in securing the client’s compliance with international, U.S. and Colombian legal standards, regulations, and best
human rights litigation, including disputes before the Inter-American Court of Human Rights. Apart from being a skilled transnational and bicultural litigator, Mr. Coronado is a noteworthy scholar in the areas
professor at Pontificia Universidad Javeriana Law School in related courses, and writes articles and comments in the same fields for various law journals and widely publicized newsletters such as The Interamerican Dialogue and Latin Counsel.
JAVIER CORONADO DIAZ GEORGE DIAZ
mcolomar@diazreus.com
MARTA COLOMAR GARCIA
gdiaz@diazreus.com jcoronado@diazreus.com
Marta Colomar, Administrative Managing Partner George Diaz, Partner Javier Coronado Diaz, Associate Attorney FIBA - May 1st, 2020 Info.: mcolomar@diazeus.com
INTRODUCTION
money from unsuspecting businesses and costumers.
gain.
consumer scams were rampant.
hurricanes and wild fires.
INTRODUCTION
with the COVID-19 outbreak, creating an additional criminal niche.
avalanche of alerts.
“business continuity plan.” It’s the perfect storm! A good first step is to meet our enemy: the trends of COVID-19-related fraud that have been identified by government agencies.
CORONAVIRUS-RELATED FRAUDS TARGETTING BUSINESSES
Imposter Scams
agencies, international organizations, or public health offices, to solicit payments, steal personal information, or distribute malware.
Example of Public Health Scam
information, criminals call or email making false representations about economic-impact payment.
and/or information.
insurance, work-at-home schemes, Medicare benefits, among others, to steal personal or corporate information.
CORONAVIRUS-RELATED FRAUDS TARGETTING BUSINESSES
Cyberattacks
money to them by impersonating CEOs and other company executives, clients, or third parties, in spoofed emails.
asking for a password or directing the recipient to download software.
Example
Cyberattacks
information, or to steal your identity.
information.
Insider Trading Insiders conducting transactions based on, or tipping others with, material non-public information about the negative impacts of COVID-19 on the financial performance of shares.
CORONAVIRUS-RELATED FRAUDS TARGETTING BUSINESSES
OTHER CORONAVIRUS-RELATED CRIMES TARGETTING CLIENTS AND EMPLOYEES
Work from Home Scams Phony work-from-home jobs promising remote work with good pay and no interview required. Increase in Money Mule Crime Money launderers recruit people, sometimes on the pretext of legitimate employment, to receive deposits of illegal money into personal accounts. Investment scams Fraudsters touting investments in companies with products that supposedly can prevent, detect or cure COVID-19.
OTHER CORONAVIRUS-RELATED CRIMES TARGETTING CLIENTS AND EMPLOYEES
Product Scams Companies selling unapproved or misbranded products that make false claims pertaining to COVID-19; or fraudulently marketing COVID-19- related supplies such as certain facemasks. COVID-19 Testing schemes Scammers contact you alleging that the government or government
Shortage Scams - Price Gouging Scammers stockpile items in high demand, seek out potential clients,
The U.S. False Claims Act imposes civil and/or criminal liability for knowingly presenting a false or fraudulent claim or making a false record or statement material to a false or fraudulent claim. In the wake of the COVID-19 pandemic, we may see FCA claims:
Recommendations
U.S. FALSE CLAIM ACT COMPLIANCE
ADDITIONAL RECOMMENDATIONS FOR BUSINESSES
points of entry for scammers exist, and build controls around those vulnerabilities.
best practices.
report unusual activity.
continuity plan.
ADDITIONAL RECOMMENDATIONS FOR FINANCIAL INSTITUTIONS
difficulties in meeting regulatory reporting requirements.
that you are facing and/or any changes in your operations.
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