Money Laundering

Understand how money laundering schemes operate and how to detect them effectively. This course analyzes common techniques used to disguise the origins of funds and evade taxes, and then explains the investigative methods that uncover suspicious activity and support enforcement actions. You will also review key U.S. legislation and the reporting systems designed to identify potential laundering, equipping you to recognize red flags and respond appropriately in practice.
Format

PDF Course

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Duration

2 Hours

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Course Information

Author: Steven Bragg
Course Number: AC1127

Learning Objectives
  • 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.

Level: Overview
Instructional Method: QAS Self-Study
NASBA Category: Accounting
Prerequisites: None
Advance Preparation: None
Latest Review Date: September 2024
Program Registration Requirements: Click on the Enroll button to pay for and access the course. You will then be able to download the course as a PDF file, then take an on-line examination, and then download a certificate of completion if you pass the examination.
Program Refund Policy: For more information regarding administrative policies concerning complaints, refunds, and other matters, see our policies page.

AccountingTools, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have the final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.
The NASBA sponsor identification number for Accountingtools, Inc. is 115881.

AccountingTools is an IRS Approved Continuing Education Provider. We are compliant with the requirements for continuing education providers (as described in sections 10.6 and 10.9 of the Department of Treasury’s Circular No. 230 and in other IRS guidance, forms, and instructions). Our IRS Approved Continuing Education Provider number is 72821.