By hiring, concealing, and exploiting non-work authorized populations, employers can gain an unfair advantage over legitimate U.S. businesses, depress wages, facilitate identity theft of Americans, and steal tax revenue meant for government benefit programs. Schemes to pay unlawful workers often rely upon access to the U.S. financial system, including U.S. banks.
Unlawfully obtained wages can be leveraged to facilitate the financing of transnational criminal organizations—several of which have been designated as Foreign Terrorist Organizations—and their global criminal enterprises, including drug trafficking, human trafficking, and other illicit activity in the United States
Learn what you need to know and do.
What You’ll Learn
- Use of ITINS in enhanced due diligence
- Filing of SARS
- Case Studies
- Detecting Red flags such as:
- Unlawful aliens can illicitly obtain Social Security numbers and other personally identifiable information of U.S. citizens and lawful permanent residents to gain unlawful employment and wages, employer- and government-provided health care benefits in the United States, and access to financial services.
- Learn how complicit employers can also use payroll tax fraud schemes to conceal their hiring of low-wage unlawful alien workers, as well as to evade taxes and workers’ compensation benefits.
- How complicit labor brokers may use a foreign identity document—such as a foreign passport—or an Individual Taxpayer Identification Number (ITIN) to open the account for the shell company at a bank.
Who Should Attend
BSA/AML Officers, Staff, Compliance and Training.