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Secure Transaction Money Laundering
Format
Self-Study
Course Level
Overview
CPE Credits
2 Credits: Accounting
Course Description
The stealth and complexity of money laundering schemes pose a significant challenge for finance professionals, creating a critical need for advanced detection methods and a deep understanding of current legislation. Money Laundering: Schemes and Detection Methods dives into the intricate world of these financial crimes, offering a detailed examination of the techniques employed by launderers and the strategic methods used for detection and prosecution. This self-study CPE course not only sheds light on the various businesses vulnerable to money laundering but also equips participants with the knowledge to uncover these illicit activities. By understanding the legislative framework and the operational tactics of money launderers, professionals are empowered to combat financial crimes effectively, ensuring compliance and safeguarding the integrity of financial systems.
Learning Objectives
Upon successful completion of this course, participants will be able to:
- Recognize the types of businesses from which money laundering operations can most easily be run.
- Describe the different types of money laundering schemes, how they operate, and their tax effects.
- Specify the types of actions a money launderer may take to move cash into or out of his home country.
- Describe how the black market peso exchange operates.
- Describe the activities of the Financial Crimes Enforcement Network.
- Specify how a person might avoid the reporting associated with a large currency transaction.
- Recognize the actions that might trigger the filing of a financial notification report.
- Describe the different activities that can be used during a money laundering investigation to collect information, and the ramifications of each one.
- Specify the types of investigations that can be conducted to estimate a person’s income.
Course Specifics
SS124368346
January 29, 2024
There are no prerequisites.
None
62
Compliance Information
CMA Notice: Western CPE makes every attempt to maintain our CMA CPE library, to ensure a course meets your continuing education requirements please visit Insitute of Management Accountants (IMA)
CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board. CFP Professionals must take each course in it’s entirety, the CFP Board DOES NOT accept partial credits for courses.
Meet The Experts
Steven M. Bragg, CPA, is a full-time book and course author who has written more than 300 business books and courses. He provides Western CPE with self-study courses in the areas of accounting and finance, with an emphasis on the practical application of accounting standards and management techniques. A sampling of his courses include the The New Controller Guidebook, The GAAP Guidebook, Accountants’ Guidebook, and Closing the Books: An Accountant’s Guide. He also manages the Accounting Best Practices podcast. Steven has been the CFO or controller of both public and private companies and has been a consulting manager with Ernst & Young and …
QAS Self-Study
