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To Stop Human Trafficking, Stop Money Laundering

Psychology Today Interview

To Stop Human Trafficking, Stop Money Laundering

With WinThisFight.org Founder Mitzi Perdue

Mitzi Perdue, founder of Win This Fight: Stop Human Trafficking interviews Kevin Sullivan, CAMS, CCI of The Anti-Money Laundering Training Academy. Read the Psychology Today article to learn how your AML efforts help fight human trafficking.

KEY POINTS
Money-laundering enables the human-trafficking industry.
A trafficker may make millions of dollars a year, but he can’t spend it until he’s “cleaned it” and made it appear legitimate.
Law enforcement needs funding to attack money laundering. Defunding police undermines a most effective way of stopping trafficking.

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2 Comments

  1. ANTENEH MARU

    It is an interesting case. Fighting human trafficking is also depends on banks reporting. The human trafficking case which is described by Sullivan is exposed because the bank discharged its AML responsibility effectively. If the Bank chose not to report /had an ineffective system to identify suspicious transaction/customers, the human trafficking case may not be identified.

    Thus, Fighting human trafficking & other serious crimes requires teaching/persuading financial institutions’ employees to provide priorities to their AML responsibilities. From my AML experience, the best way of persuading employees of financial institution is by teaching them the grave nature of the financial crime rather than the regulatory fines the financial institutions face if they do not properly discharge their responsibility. when we make employees of financial institutions partners to combat human trafficking & other crimes, getting results is inevitable.

    Reply
    • Kevin Sullivan, CAMS, CCI

      Thank you for making this important comment Anteneh. Understanding and acknowledging the grave nature of financial crime can and should be part of the foundation of AML training as well as a key motivator for properly discharging AML responsibilities

      Reply

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About the Interviewee

Kevin Sullivan, CAMS, CCI is a retired New York State Police Investigator and Federal Agent who dedicated his career to AML and continues that work through his company, The AML Training Academy and Advisory LLC. Kevin coordinated AML investigations for the state of New York while being detailed to one of the worlds largest AML task forces, the NY High Intensity Financial Crime Area (HIFCA) El Dorado Task Force. He has helped develop and implement global AML guidelines and trained and advised all industries and government agencies requiring AML around the globe. He helped to write various certification programs for the Association of Certified Anti-Money Laundering Specialists’ (ACAMS) and was the co-founder and former chair of their inaugural chapter which was in NY. Follow Kevin or reserve a seat in one of his live webinars. Space is limited!

I work with AML/BSA compliance programs large and small, if you need a customized and quality anti-money laundering program, training, or advise I invite you to contact me to learn how I can help with your compliance needs.

Kevin Sullivan, CAMS, CCI
President of
The AML Training Academy and Advisory LLC

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For more info or to arrange Custom AML Training Classes and AML Advisory Services contact The AML Training Academy and Advisory LLC at: ☎ (855) 265-7700 | 📧 info@amltrainer.com.