Online Safety Community

Understanding what Tax Evasion and Tax Fraud mean when monitoring BSA and filing SARs, a leading provider of professional training for all the areas of regulatory compliance, is organizing a webinar on the topic, “Tax Evasion and Tax Fraud. What it means to you when monitoring BSA and filing SARs”.

Doug Keipper, a Certified Anti-Money Laundering Specialist (CAMS) and a former Bank Secrecy Act officer and compliance officer, will be the speaker at this webinar. Please visit to enroll for this webinar.


One of the primary functions of the Bank Secrecy Act (BSA) is that it requires financial institutions to assist government agencies in the detection and prevention of money laundering.

According to issue #23 of The SAR Activity Review Trends Tips & Issues of The Financial Crimes Enforcement Network (FinCEN), published in May 2013, tax fraud or evasion makes up almost a quarter of its Suspicious Activity Report (SAR) cases. FinCEN mentions the role of correspondent banks, tax havens, shell, shelf and offshore companies and Trusts in this fraud. In addition, the report also discusses tax fraud or evasion in its section on Significant Money Laundering Trends and Patterns by Accountants or CPAs.

It goes without saying that tax evasion and tax fraud lie at the root of an effective BSA/AML compliance program. Effective monitoring and proper understanding of the topic are a must for accurately describing the transactions on a Suspicious Activity Form.

Assess if you run the risk

At this webinar, Doug will explain the various types of transactions with the help of examples, which will help participants a better understanding of how to assess the risks.

At this session, which is aimed at personnel whose work relates to AML in one or another way, such as AML Officers, BSA Officers, BSA Analysts, BSA Investigators, CFO's, Bank and Credit Union Compliance Officers, and Bank or Credit Union Operations Officers; Doug will cover the following areas:

  • Resources
  • What's the difference? Tax Evasion vs Tax Fraud
  • Why do I care?
  • Definitions
  • Why it matters
  • Global Tax Evasion
  • The Swiss Connection
  • Tax Havens
  • Ties to Money Laundering and Terrorism
  • Foreign Account Tax Compliance Act
  • Identity Theft and Tax Fraud
  • FinCEN & Red Flags.


About the speaker:

Doug Keipper, a Certified Anti-Money Laundering Specialist (CAMS) since 2005 and a former Bank Secrecy Act officer and compliance officer, spent over 20 years in retail banking, wholesale mortgages and financial services. Doug sold BSA software for eight years and has taught anti-money laundering classes.

Views: 21


You need to be a member of Online Safety Community to add comments!

Join Online Safety Community

Take our poll!

Take our poll!

Latest Activity

Mark Nilson posted events
2 hours ago
Silvia Watson posted a blog post

How to Use Lab Heating Devices Safely

The standard heating devices used in scientific laboratories include hot plates, Bunsen burners, hot oil baths, heating mantles, and so on. What device you will use depends on the applications available. Then, you should use lab equipment with care because heating leads to burns and injuries resulting out of contact with heated hot plates and mantles. You should also be…See More
4 hours ago
Training Doyens posted events
Mark Nilson posted events


Workplace safety for workers other than your own 2 Replies

Do your workplace/traffic safety plans include safety measures for workers who are not your own employees? Do they take into account the safety of those who will be - or could be - at your workplace,…Continue

Tags: emt, paramedics, emergency, occupational, health

Started by John Petropoulos Memorial Fund. Last reply by Tara safe Mar 1.

What % of Dollars should be bugeted for All Safety Training for a "Heavy Equipment Road Construction" company with 100 employees? 1 Reply

I have been at a Highway and Road Construction company for six months. I am developing a (first) complete training program. I am the 1st full time safety hire for this company. I need to develop a…Continue

Started by JTurpening. Last reply by Jen McDade Feb 19.

Technology and Safety 1 Reply

What are the most useful tools to have at your fingertips? -Toolbox Talks-JSA-JHA-Daily Reports, etc. What is falling through the cracks that could be an easy fix? Safety Managers, Coordinators and…Continue

Tags: safety

Started by Drew stone. Last reply by Jen McDade Feb 15.

Important of Warning sign 1 Reply

Warning sign is a type of traffic sign that guide a hazard ahead on the road. Having proper warning sign on the road provide a healthy environment.Continue

Tags: Signs, Workplace, Safety, Sign, Warning

Started by healthandsafetysigns. Last reply by Jen McDade Jan 14.

Workers paticipation in safety management 2 Replies

Workers paticipation in safety management is the aspect which is required to be implemented in the OHSAS 18001 2007 version. , I invite our experience community members to share their views on the…Continue

Tags: management, safety, in, paticipation, Workers

Started by SafetyRaja. Last reply by Tara safe Dec 27, 2018.



© 2019   Created by Safety Community.   Powered by

Badges  |  Report an Issue  |  Terms of Service