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Money Laundering- How It Works?

4.4 (5)

Dr. Robert Minniti

Minniti CPA LLC

  • CFF
  • CFEs
  • CIA
  • CMA
  • CPA (US)
  • CVA

Published: May, 2021

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Before starting this self study program, please go through the instructional document.

Overview

  • Money Laundering
    3 mins
  • SARs and CTRs
    16 mins
  • Crypto currencies
    28 mins
  • Prepaid credit & debit cards
    46 mins
  • Chinese National Guilty of Laundering Millions for Mexican Drug Cartels
    75 mins

Course Description

We have all heard of money laundering but did you ever wonder how it works? This CPE webinar is designed to review the issue of money laundering.

Experienced instructor Robert Minniti will provide examples of actual money laundering cases during this two-hour CPE course 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.

This online CPE webinar covers following key topics:

  • The Elements of Fraud
  • 3 Steps of Money Laundering
  • Examples of actual money laundering cases
  • SARS and CTRs
  • IRS Form 8300
  • CMIRs
  • Money Laundering Schemes and  Vulnerabilities
  • 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
  • Round‐Tripping
  • Money Laundering in the News & Laws
  • BSA/AML Internal Controls

Who should attend: 

CPAs, CFEs, CFFs, MAFFs, CGMAs, CMAs, CIAs, CFOs, CEOs, business owners, business managers, internal auditors, external auditors, corporate accountants, government accountants and risk management personnel.

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Learning Objectives

  • To differentiate Congressional acts and how they apply
  • To identify which AML programs must be in writing and include
  • To differentiate ways to launder money
  • To recognize how to design internal controls to prevent and detect money laundering
  • To differentiate IRS forms used to report cash payments
  • To recognize which states legalized digital currencies and passed associated regulations
  • To describe when money laundering was originated
  • To describe money laundering types

Who Should Attend?

  • Accountant
  • Accounting Firm
  • Accounting Managers
  • Bookkeepers & Accountants & Tax Preparers
  • Business Owner
  • CEO
  • Certified Fraud Examiner
  • Certified Management Accountant
  • Certified Valuation Analysts
  • CFO/Controller
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • Senior Accountant
  • Staff of Accounting Firm
  • Young CPA

Testimonial

4.4

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