Money-laundering operations are designed to take the proceeds of illegal activity, such as profits from fraud, and disguise the existence, source, or application of those funds so the proceeds appear to come from a legitimate source. In short, “dirty money” is made to appear clean. Once illegal money has been laundered, the perpetrator is able to spend or invest the illicit income in legitimate assets.
This course explores the money laundering process, reviewing the methods used to launder funds, discussing laws and regulations used to combat money laundering and explaining techniques used to investigate it.
You Will Learn How To:
Diagram the different stages of the money laundering process
Examine anti-money laundering regulation and legislation
Identify methods of money laundering
Describe offshore havens
Illustrate techniques for investigating money laundering
Trace funds from the point of payment and receipt
Recover hidden assets
Field of study: Specialized Knowledge and Applications
Last updated: February 2012
ACFE Ordering and Return Policy
Please note: To be eligible for CPE credit, you must complete the final exam within one year of purchase date. You may only claim CPE credit for a course once.
The Association of Certified Fraud Examiners, 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 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.learningmarket.org
Table of Contents:
Lesson 1: Introduction
Lesson 2: The Money Laundering Process
Lesson 3: Regulation and Compliance in the United States
Lesson 4: Anti-Money Laundering Laws
Lesson 5: International Anti-Money Laundering Efforts
Lesson 6: Traditional Methods of Money Laundering
Lesson 7: Investing Ill-Gotten Gains
Lesson 8: Using a Front Business to Launder Funds
Lesson 9: Offshore Havens
Lesson 10: Non-Traditional Methods of Money Laundering
Lesson 11: Gathering Information
Lesson 12: Proving Illegal Proceeds
Lesson 13: Preparing the Personal Profile
Lesson 14: Tracing the Funds from the Point of Receipt
Lesson 15: Preparing the Business Profile
Lesson 16: Tracing Funds from the Point of Payment
Lesson 17: Turning an Inside Witness
Lesson 18: Recovering Hidden Assets
Lesson 19: Seven Questions in Any Forfeiture Case
Lesson 20: Conclusion
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Free Adobe Flash Player
Speakers required for video sound
Online Self-Study Troubleshooting Guide:
Problem: When I attempt to access my courses from “My Online Learning,” the course never launches, or I receive an error message saying my pop-up blocker needs to be turned off.
Solution: Your web browser must be configured to allow pop-ups in order to access ACFE Self-Study courses. Your browser may prompt you to allow pop-ups, or you may have to allow them manually. You may either allow them for all sites, or allow them just for the current site.
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Do not click that link; instead, allow your browser to automatically open the eLearning window on its own, which should happen after a few seconds. This will log you in automatically so that you can access your online courses.
Problem: I receive the following error when I try to load a different lesson with a course:
Solution: This occurs in Internet Explorer when trying to load a different lesson without closing the current lesson. This error can be avoided two different ways:
Always close the current lesson before going to another one. Always click the Close Window button (usually the red “X” in the upper right corner) of the current lesson before clicking on another lesson.
Use a different browser. This error seems to only occur in Internet Explorer, so using Mozilla Firefox or Google Chrome should resolve the issue (see below for links to download either of these browsers).
Other Troubleshooting Tips: If you encounter other errors, such as courses freezing or crashing, we recommend taking the following action:
Try a different browser. ACFE online self-study courses are designed to run on all modern web browsers, but if you encounter a problem that is not solved using one of the suggestions above, you can try using a different web browser to see if it eliminates the problem. We have most frequently seen where using Mozilla Firefox or Google Chrome has resolved an issue that was seen in Internet Explorer.
Mozilla Firefox can be downloaded here
Google Chrome can be downloaded here
Make sure you are running the latest version of Flash. Go to Adobe.com to see what version of Flash you are running, and then compare that to the table on that page to see what the latest version is for your operating system/browser combination. If you are not running the newest version, you should upgrade and see if that resolves the problem.