AML Conversations
A Discussion with Les Joseph
Jul 22, 2024
Les Joseph, retired head of Global Financial Crime Intelligence at Wells Fargo, discusses the evolution of money laundering statutes and investigations, challenges in investigating financial institutions, importance of information sharing among banking professionals, and solutions in the anti-money laundering infrastructure.
28:54
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Quick takeaways
- Transition from tackling corruption in the public sector to focusing on asset forfeiture in financial crime investigations.
- Importance of leveraging financial data and enhanced coordination between government and private sector for effective AML efforts.
Deep dives
Career Journey from Prosecutor to DOJ
Starting his career in the Cook County State's Attorney’s Office in criminal appeals, Les Joseph transitioned to the Department of Justice’s Organized Crime and Racketeering section. His career shift was influenced by uncovering corruption in the Cook County court system and a friend's move to the federal government. Dealing with cases pre-money laundering statutes, his transition to DOJ highlighted the challenges and strategies used before the enactment of specific money laundering laws.
