Money Laundering: How it Works (Currently Unavailable)

Author: Robert K Minniti

CPE Credit:  2 hours for CPAs

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: January 2017

Designed For
CFOs, CEOs, business owners, business managers, internal auditors, external auditors, corporate accountants, government accountants, CPAs, CMA, CIAs and risk management personnel.

Topics Covered

  • Review the issue of money laundering
  • Examples of actual money laundering cases
  • How frauds are being committed and uncovered
  • Review various methodologies
  • Developing internal controls to help prevent and detect money laundering schemes
  • Legal issues involved in money laundering

Learning Objectives

  • Identify methodologies for detecting money laundering
  • Recognize internal controls to detect and prevent money laundering
  • Identify different ways to launder money
  • Differentiate laws which mandate the disclosure of foreign bank accounts
  • Recognize the requirements to file a Currency Transaction Report (CTR)
  • Identify when it's required to file a report of International Transportation of Currency or Monetary Instruments (CMIR)
  • Differentiate money laundering schemes
  • Recognize current money laundering laws

Level
Basic

Instructional Method
Self-Study

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

Program Prerequisites
None

Advance Preparation
None

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