This CPE course provides general information on how to identify money laundering activities during the conduct of normal accounting and tax work. Discover key resources and tools available for effective detection and deterrence. Explore the impact of money laundering on ethical decision-making, and how examiners and auditors can assist criminal investigators in countering money laundering.

Learning Objectives:

Upon successful completion of this course, you will be able to:

• When evaluating ML, practitioners will be able to identify at least 5 ways ML negatively impacts society and business.
• When considering ML, practitioners will be able to explain the 3 key steps used by money launderers to transform dirty money into clean money.
• When on the lookout for ML, practitioners will be able to give at least 10 examples of specific money laundering methods.
• When assessing ML, practitioners will be able to summarizeat least 10 indicators that can be used to detect ML activity.
• When seeking ML assistance, practitioners will be able to access at least 10 ML communities, journals, and other resources that can help detect and deter ML operations.

Topics Covered:

• Money laundering (ML) basics
• ML economic impacts
• ML process: Placement, Layering, Integration
• Leading ML methods
• Recent ML trends
• Who is a typical money launderer?
• Confessions of a former money launderer
• Money laundering indicators and checklists
• ML certifications

Who Will Benefit/Target Audience:

Practitioners who want to explore how to better detect illicit money, and combat corrupt acts in the world that revolve around money including drugs, human trafficking, terrorism and more.

Prerequisite Knowledge

Participants should have a basic understanding of Internet technology, online navigation, and digital productivity services