Posted: June 7th, 2016

You are doing a job search to become a financial crimes investigator for the U.S. government. Which U.S. government agencies would you research to find such a job?

You are doing a job search to become a financial crimes investigator for the U.S. government. Which U.S. government agencies would you research to find such a job? In your research, you decide to focus your area of expertise on banks and financial fraud. Which agency or agencies would most likely hire you? Prepare for your interview by answering the following questions: (1)What are some of the domestic services that banks provide? Out of these services, which are most likely to be used in financial crimes? (2)How are placement, integration, and layering involved? (3)Why is it easy to trace financial crimes through the U.S. banking system? How do loans, checking accounts, and other bank services provide information that can be used to track financial crimes? (4)How can that information be used? (5)What services do banks provide that do not provide enough information about customers and transactions? (6)What kind of controls can banks put in place to ensure that these services are not being used to commit a crime? (7)What types of banks may be involved in financial crimes, and why? (8)How do banks move money internationally? (9)What types of international services do banks and other financial services companies provide? (10)How are international transactions monitored? (11)What are the 3 systems in the United States that are involved in major money movement, and how do financial institutions monitor transactions for criminal activity? (12)What is the Hawala system, and how does it get around the bank regulations?