August 22, 2008

School of Law Launches Anti-money Laundering Summer Employment Pilot Program with KeyBank

In a new pilot program that launched this summer, KeyBank has offered paid summer employment to Case Western Reserve University School of Law students. Daniel Green and Patrick Blanchard were the students selected to participate in the inaugural program.

Green and Blanchard recently wrapped up ten weeks at KeyBank's Cleveland headquarters, where they worked in anti-money laundering and terrorism financing, including money laundering detection, financial intelligence gathering and analysis, and legal/regulatory compliance.

Jonathan Adler, professor and director of the Center for Business Law and Regulation at Case Western Reserve, said the unique program is a great way for law school students to learn the ins and outs in this field. "KeyBank executives and attorneys are quite excited about the program. They are committed to giving our students a meaningful and substantive summer employment experience, and hope to see this program in the future," he said.

"While the demand for anti-money laundering professionals by regulated financial institutions is significant and increasing, as far as we are aware this program is the only such collaboration between a bank and a law school in the United States," Adler added. He credits Richard Gordon, associate professor of law, and Willie Maddox at KeyBank with creating the unique program.

If the inaugural project is successful, KeyBank will expand the internships for the summer of 2009. So far, it looks like the program is on track to continue growing, as Maddox, who supervised Green and Blanchard, told law school professors that KeyBank is "very pleased with the program."

In related news to the growing field of anti-money laundering, Case Western Reserve and the Association of Certified Anti-Money Laundering Specialists recently offered a five-day course, Fundamentals of Anti-Money Laundering and Combating the Financing of Terrorism: International Standards and U.S. Law and Practice, designed for compliance officers, auditors, lawyers and anti-money laundering professionals.

For more information contact Kimyette Finley, 216.368.0521.

Posted by: Kimyette Finley, August 22, 2008 10:10 AM | News Topics: Collaborations/Partnerships, Faculty, Provost Initiatives, Students, news

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