Self-Study
Money Laundering: Schemes and Detection Methods
Detect money laundering schemes with different types of income investigations and reporting systems.
$58.00 – $78.00
Webcasts are available for viewing Monday – Saturday, 8am – 8pm ET.
Without FlexCast, you must start with enough time to finish. (1 Hr/Credit)
Secure Transaction CPE Credits
2 Credits: Accounting
Course Level
Overview
Format
Self-Study
Course Description
There are many ways in which money can be diverted in order to obscure its origins and avoid paying taxes. In Money Laundering: Schemes and Detection Methods, we cover many of the techniques being used to launder money, while also providing an overview of the methods used to detect its existence and build a case against money launderers. The course also describes the essential points of the United States legislation being used to grapple with the problem, and the reporting systems in place to highlight where money laundering may be occurring.
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
October 17, 2024
There are no prerequisites.
None
56
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
