Understanding and Minimizing COVID-19 Fraud Risks
To help financial institutions navigate the myriad business and compliance issues in the context of COVID-19, Mayer Brown is hosting a series of webinars focused on fraud and abuse and how to protect your organization against related enforcement risks. We hope you will join us for our first program in the series, “Understanding and Minimizing COVID-19 Fraud Risks.”
The US government has committed more than $6 trillion to assuage the economic impact from the COVID-19 pandemic. This unprecedented level of financial assistance will undoubtedly be subject to intense scrutiny from all levels of government and newly assembled CARES Act enforcement bodies, much as the TARP aid of the 2008-09 financial crisis was. How can financial institutions anticipate, interpret and adjust to evolving regulations to ensure they are appropriately planning for related enforcement and investigative risks?
During this webinar, the panelists will:
- Identify the key vulnerabilities to which financial institutions may be exposed through handling, dispensing and using CARES Act financial assistance, including Paycheck Protection Program (PPP) loans
- Explore red flags around suspicious COVID-related commercial or financial activity, including anti-money laundering risks and banks’ potential liability
- Discuss related compliance issues arising out of TARP—and how to manage these emerging threats effectively
The Panelists, Offering an Insider’s View of—
- The Government:
Gina Parlovecchio, who joined Mayer Brown just a few months ago from her position as chief of the US Attorney’s Office, Eastern District of New York’s International Narcotics and Money Laundering Section
- A Financial Institution:
Michele Cerezo-Natal, who recently joined Mayer Brown from more than a decade in-house conducting global internal investigations, managing enforcement matters and advising senior management
- A Bailout:
Richard M. Rosenfeld, who joined Mayer Brown from his position as the chief investigative counsel over the TARP bailout, a model that the stimulus oversight bodies are considering now
CLE is not available when viewing a recording of this program. In order to receive credit you must have attended the live webinar program.
