ACFE Washington Metro Chapter
February 2024 CPE Session (2 NASBA CPEs); February 08, 2024 (Thursday; 3:00 PM to 5:00 PM EDT)
- Free to ACFE Washington Metro Chapter members
- $20 for non-Chapter members
- To become an ACFE Washington Metro Chapter member, please enroll at http://www.acfedc.org
3:00 – 4:00 PM - Session 1: Corrupt Central Bank Governor Allegedly Helped Push Lebanon’s Economy Off the Cliff
4:00 – 5:00 PM - Session 2: Asset Tracing
Corrupt Central Bank Governor Allegedly Helped Push Lebanon’s Economy Off the Cliff
Presenter: Fadi Makdessi (Credit Suisse) and Rayan Mohamed (Credit Suisse)
On July 31, 2023, Riad Salameh retired from a 30-year tenure as the governor of Banque du Liban (BdL), the central bank of Lebanon. Instead of a retirement party and a flattering press release detailing his time at BdL, 16 days later, Wassim Mansouri, Salameh’s successor, froze Salameh’s bank accounts after the U.S., Britain and Canada had imposed sanctions on him for “contributing to the breakdown of the rule of law in Lebanon” following decades of alleged corruption. The international coalition contends that several close to Salameh helped him funnel $330 million in funds from BdL through shell companies to invest in European real estate and illegally amass a fortune. In this session, Fadi Makdessi and Rayan Mohamed will discuss their analysis of Riad Salameh’s mismanagement of Banque du Liban during his three decades as its governor.
Presenter: Jason Boberg (Sikich LLP)
Asset tracing is one of the many tools used by investigators – as part of a broader financial investigation – to locate, identify, and ultimately recover assets and other proceeds generated by financial frauds, embezzlement schemes, or other criminal activities. In general, asset tracing is the process by which investigators trace the flow of those assets and other proceeds from the origin through to the final disposition or destination. This presentation is designed to provide an in-depth introduction to asset tracing and various tracing techniques used in actual financial investigation. Specifically, this presentation will cover what asset tracing is, basic tracing analysis techniques and the limitations of those analyses, red flags and the techniques/analyses used to identify red flags, and various methods for calculating damages. In addition, the course will conclude with a discussion of recent and emerging trends, challenges, and other developments impacting today’s asset tracing analysis.
Location: Zoom address to be provided after registration.
Field of Study: Specialized Knowledge (Fraud-Related)
Advanced Preparation: None
Program Level: Basic
Delivery Method: Group Internet Based
Full refunds are available anytime when requested prior to 3 days of the event. No refunds will be made for “No Shows” (a “No Show” is a person who registers for a program but who does not cancel registration or attend the program). A registered person may elect to transfer the registration to another person at any time. Cancellations can be made only by email at firstname.lastname@example.org. Payments can be electronically made any time prior to the event start. Unfortunately, we are unable to accommodate "pay at the door" or payment by checks or cash.
The Association of Certified Fraud Examiners (ACFE) is the world's largest anti-fraud organization with nearly 85,000 members with the mission of reducing incidence of fraud and white-collar crime. The ACFE Washington Metropolitan Chapter aims to promote fraud detection and deterrence through educational training programs in the National Capital Region.
For additional information regarding Association of Certified Fraud Examiners (ACFE), please visit http://www.acfe.com.