Money Laundering (Currently Unavailable)

Author: Robert K Minniti

We have all heard of money laundering but did you ever wonder how it works? This course is designed to review the issue of money laundering. Examples of actual money laundering cases will be provided so participants can understand how these frauds are being committed and how they were uncovered. We will review various methodologies for detecting money laundering schemes and will discuss developing internal controls to help prevent and detect money laundering schemes. We will review some of the legal issues involved in money laundering and how this could affect your business.

Publication Date: August 2021

Designed For
CPAs, CFEs, CFFs, MAFFs, CGMAs, CMAs, CIAs, CFOs, CEOs, business owners, business managers, internal auditors, external auditors, corporate accountants, government accountants and risk management personnel.

Topics Covered

• Review various methodologies for detecting money laundering
• Red Flags for Money Laundering
• Reporting Cash Transactions (USA)
• Money Laundering Laws
• BSA/AML Internal Controls

Learning Objectives

• Identify different ways to launder money
• Identify anti money laundering laws
• Recognize how much money is laundered every year, according to the U.S. Department of the Treasury estimates
• Identify which type of money laundering can involving using lawyers
• Recognize who was convicted of tax evasion and which types of businesses were used to launder funds
• Identify which of the following involves making multiple deposits or payments of under $10,000
• Recognize which form of money laundering is most likely to involve international transactions

Level
Basic

Instructional Method
Self-Study

NASBA Field of Study
Accounting (1 hour), Auditing (1 hour)

Program Prerequisites
None

Advance Preparation
None