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Magda Kaczmarek

2018 CSA Conference


Magda Kaczmarek, CAMS, CFE, AMLP, CPCA

CAPI Solutions
CEO and Senior Advisor


Money Laundering, Fraud and How It Happens in the Vulnerable Sector, the Seniors


Communicating clearly amongst different industries that seniors are the prime target for money laundering and fraud, can save a life. We need to be aware how devastating a fraudulent scheme against elderly can be, not just financially, but emotionally, mentally and even physically. The session will focus on today’s trends on how fraud and money laundering happens. It will reveal how to prevent it, and help you understand how to identify it. The participants will learn about the most emerging trends (domestic and foreign) in fraud and money laundering. The topics and examples of fraud and money laundering covered in this session will include senior on-line dating fraud and how millions of dollars of life time savings are being transmitted form North America to countries around the world, caregiver (home care)/guardian fraud and how the most trusted people are the ones committing the fraud against the elderly, healthcare insurance fraud, investment fraud (Ponzi Schemes), telemarketing fraud, scavenger or revenge schemes (the good and the bad in one) and few others such as advance – fee swindles, prizes and sweepstakes schemes. To prevent these from happening, is to learn to communicate, is to be aware, be involved, know the trends and red flags.

The participants will learn the skills and have the right tools and be able to conduct the due diligence on the individuals working directly with seniors, from a home care worker to a financial adviser. Due diligence is a key control against money laundering a fraud. Fraud prevention is not eliminating fraud altogether, however; it will improve the well being and safety of the elderly. The guilt, shame, loss of assets and the realization of being a victim of fraud can have some serious health impact on the elderly. In the profession of working with seniors, in each industry, it is important to know the fundamental principles how to cope with such issues and help them to understand that they are not alone. Having the right resources and the right people in such situations is also a key element in fraud against seniors.

Learning Objectives

  1. How fraud and money laundering happens
  2. How to prevent fraud and money laundering
  3. Coping with the aftermath of fraud

About Magda

Magda has over 15 years of experience in the banking and financial services industry. She is a regulatory compliance and anti-money laundering subject matter expert, and her experience also encompasses front line operations as well as the management of enterprise compliance programs, internal audits, investigations and remediation projects. Her background also includes operational and enterprise risk management. Magda is an active member in the senior community.  She is conducting workshops and training with focus on fraud against seniors.  She brings awareness to all affected by fraud, including the elderly and their families as well as she trains to prevent fraud within the financial and insurance industry and health care providers.

Visit the Schedule at a Glance for session dates, times, and locations. 

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