About this Course
Topics covered include:
Examples of actual money laundering cases;
The Elements of Fraud;
3 Steps of Money Laundering;
SARS and CTRs;
IRS Form 8300;
CMIRs;
Money Laundering Vulnerabilities;
Money Laundering Schemes;
Crypto Currencies;
Cash Based Businesses;
Gems, Metals & Collectables;
Prepaid Credit & Debit Cards;
Real Estate- Cash Purchases;
Consulting Services;
Shell Companies;
Foreign Money Transmitters;
Fictitious Loans;
Structured Deposits/Payments;
Hawala;
RoundTripping;
Money Laundering in the News & Laws;
BSA/AML Internal Controls.
Upon completing this course, you should be able to:
Differentiate ways to launder money;
Recognize how to design internal controls to prevent and detect money laundering;
Identify the steps in the money laundering process;
Differentiate IRS forms used to report cash payments;
Recognize which states legalized digital currencies and passed associated regulations;
Differentiate Congressional acts and how they apply;
Identify which AML programs must be in writing and include;
Describe when money laundering was originated;
Differentiate types of illegal activities;
Describe money laundering types;
Identify examples of internal controls.