WHO WE ARE? FIBA is a non-profit trade association and international center for financial excellence. The Florida-BASED, and GLOBALLY CONNECTED, organization's membership includes the largest financial institutions from Europe, the United States, Latin America and the Caribbean. .
OUR TEAM OUR TEAM Member Services Operations Engineer Conference & Events Tania Maysonet Pedro L. Lantigua Registrations tmaysonet@fiba.net plantigua@fiba.net Nina Guillen guillen@fiba.net Alexander J. Brown Institute Director Director of Conferences Front-End Developer Sofia Villalobos Belkis Lopez abrown@fiba.net svillalobos@fiba.net blopez@fiba.net
Join us for a live virtual conference , online conversation with industry MAY 05 leaders on how to best manage and mitigate US and International 9:00 AM - 12:30 PM Credit portfolios during a difficult financial crisis like the one we (MIAMI TIME) currently face; share best practices and learn from top credit experts about the latest technologies, processes, systems and procedures that can help during this uncertain moment in time MANAGING CREDIT RISK IN TIMES OF CRISIS - KEY PROVISIONS IN CARES ACT FOR MAY 06 SOUTH FLORIDA FINANCIAL INSTITUTIONS Financial institutions across the United States and Latin America are facing an unprecedented 11:00 AM - 12:00 PM credit crisis. In this webinar, we will share best practices in managing credit risk in times of crisis (MIAMI TIME) and uncertainty, with a particular focus on the key provisions in the CARES Act that impact financial institutions in South Florida and balancing the demands of working with borrowers while exercising appropriate risk identification and mitigation. Financial institutions in South Florida may be disproportionately impacted by higher unemployment and problem loans due to the concentration of jobs in the tourism, services, travel, and construction sectors, and the influence of foreign investment in construction and real estate, which may temporarily slow. Participants will also hear directly from credit professionals at two leading financial institutions who will share measures that their financial institutions are taking to prepare for the crisis. RECORDED WEBINARS click here
BEFORE WE BEGIN We will send you Please complete Submit your the link and ppt of the exit survey, we questions anytime. We’ll do Q&A all the recording after appreciate your the event throughout input!
Coronavirus-related fraud What businesses need to know Unfortunately, criminals see the international emergency caused by the novel Coronavirus as an opportunity to prey on their victims. All organizations should take great care to make themselves familiar with the trends of COVID-19-related fraud identified by U.S. and foreign government agencies so organizations can detect criminal activity and alert law enforcement. In addition, financial institutions should update their compliance programs and due diligence practices in accordance with these trends of COVID-19-related fraud to prevent Government actions for not filing the appropriate suspicious activity reports for transactions linked to COVID-19. This webinar will give an overview of the trends of COVID-19-related fraud identified by U.S. and foreign Government agencies, and some of the best practices that organizations can implement to detect that criminal activity.
GEORGE DIAZ Diaz Reus partner, George Diaz, is a highly experienced corporate and real estate transactional and litigation attorney, handling U.S. and international matters and disputes related to contracts, real estate development projects, construction and financing, investment structures, corporations, partnerships, mergers, acquisitions, consolidations, and commercial and residential transactions. He structures complex business transactions for real estate development projects including project due diligence and corporate and business entity formation. Fluent in Spanish and English, Mr. Diaz is recognized by The Legal 500 Latin America 2019 for “Miami firms”, and is Peer Review Rated AV Preeminent by Martindale - Hubbell. In addition to his law practice he is a title insurance agent for Old Republic National Title Insurance Company. He is a former certified legal intern for the Broward County Public Defenders’ Office and a former editorial staff member of Nova Law Review
MARTA COLOMAR GARCIA Multifaceted bilingual international attorney, Marta Colomar-Garcia brings legal experience in the U.S., Spain, and Latin America, to her practice, which includes international commercial litigation and arbitration for multinational corporations, sovereign governments, and individuals. Ms. Colomar-Garcia is also experienced in international business transactions, corporate counseling, corporate governance, and entity formation. A frequent featured guest contributor to CNN Español and El Venezolano TV, she is also a contributor to Inter- American Dialogue’s Latin America Advisor on topics including international finance, banking, and money laundering. She is admitted to the Florida Bar, the District of Columbia Bar, the New York Bar, and the Barcelona Bar in Spain. She earned a Juris Doctor from Nova Southeastern University Shepard Broad Law Center in 2006, and a Juris Doctor degree from the Universitat de Barcelona, Facultat de Dret in 2005. Ms. Colomar-Garcia is a Certified Anti-Money Laundering Specialist (CAMS). She is AV Preeminent Rated by Martindale Hubbell Peer Review.
JAVIER CORONADO DIAZ Javier Coronado is a bilingual litigator skillful in advocating cases, conducting parallel investigations, advising litigation strategies, and negotiating resolutions in complex, high-stakes criminal and civil disputes. He brings legal experience in U.S. and Colombia to his practice, which includes international litigation in the areas of white collar-crime and government investigations. Mr. Coronado counsels and represents individuals and corporations in matters involving domestic and foreign corruption, tax evasion, anti-money laundering laws, and financial fraud. He also advises clients in business transactions, corporate governance, and entity formation, particularly, in securing the client’s compliance with international, U.S. and Colombian legal standards, regulations, and best practices. He is also experienced in handling constitutional and human rights litigation, including disputes before the Inter-American Court of Human Rights. Apart from being a skilled transnational and bicultural litigator, Mr. Coronado is a noteworthy scholar in the areas of criminal law and procedure. He regularly serves as an adjunct professor at Pontificia Universidad Javeriana Law School in related courses, and writes articles and comments in the same fields for various law journals and widely publicized newsletters such as The Interamerican Dialogue and Latin Counsel.
gdiaz@diazreus.com GEORGE DIAZ mcolomar@diazreus.com MARTA COLOMAR GARCIA jcoronado@diazreus.com JAVIER CORONADO DIAZ
CORONAVIRUS-RELATED FRAUD WHAT BUSINESSES NEED TO KNOW Marta Colomar, Administrative Managing Partner George Diaz, Partner Javier Coronado Diaz, Associate Attorney FIBA - May 1 st , 2020 Info.: mcolomar@diazeus.com
INTRODUCTION • Fraudsters take advantage of fear around the COVID-19 to steal money from unsuspecting businesses and costumers. • Historically, criminals seek to exploit difficult times for their own gain. • During the 2008 financial crisis, investment fraud and other consumer scams were rampant. • Fraudulent transactions increased in the wake of the 2017 hurricanes and wild fires. • Benefits fraud • Charities fraud • Cyber-Related fraud
INTRODUCTION • Governments are offering economic impact payments in connection with the COVID-19 outbreak, creating an additional criminal niche. • Criminals can use social engineering tactics to target their victims. • Businesses and financial institutions have fewer resources to review an avalanche of alerts. • Financial institutions are still required to meet their legal obligations. • Financial institutions are also required to design and implement a “business continuity plan. ” It’s the perfect storm! A good first step is to meet our enemy: the trends of COVID-19-related fraud that have been identified by government agencies.
CORONAVIRUS-RELATED FRAUDS TARGETTING BUSINESSES Imposter Scams • Public health scams: messages from fraudsters that claim to be from government agencies, international organizations, or public health offices, to solicit payments, steal personal information, or distribute malware. • Charitable donations: criminals impersonating charities to solicit payments.
Example of Public Health Scam
CORONAVIRUS-RELATED FRAUDS TARGETTING BUSINESSES • Government check scams: to obtain an illegal payment and/or your personal and corporate information, criminals call or email making false representations about economic-impact payment. • Supply scams: websites that mimic the look of well-known online retailers to take your money and/or information. • Robocall scams: illegal robocalls pitching bogus test kits, sanitation supplies, low-priced health insurance, work-at-home schemes, Medicare benefits, among others, to steal personal or corporate information.
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