From January 11 to 13, K2 Integrity's experts
participated in several panels at the ABA/ABA Financial Crimes
Enforcement Conference. Below is an overview of insights delivered
by
Ray Dookhie in a session on Post-COVID Financial Crimes
Strategy, with Ray Villanueva, Special Agent in Charge of Homeland
Security Investigations (HSI).
Since the beginning of the pandemic, fraudsters have stolen
hundreds of millions of dollars of funds intended to relieve
stressors on individuals and entities around the world. The schemes
have ranged from iterations of financial fraud such as bank fraud,
unemployment fraud, and price gouging to fake vaccinations and
vaccine record cards.
Financial institutions have been at the center of pandemic
economic recovery efforts such as the Paycheck Protection Program
(PPP), unemployment compensation, and more. This required financial
institutions to adapt programs and processes to address new
products and related risks—including the increase
