On-Site Training Topic Details
Money Laundering: Tracing Illicit Funds
A comprehensive two-day, instructor-led course on the proceeds of crime. This updated ACFE seminar will take key elements from the Money Laundering and Tracing Illicit Funds courses for a more in-depth educational event for anti-fraud professionals.
Criminals and debtors often conceal ill-gotten gains from their victims. The more crafty the fraudster, the tougher your job becomes to track down these assets. Tracing Illicit Funds is one of the ACFE’s instructor-led Core Courses and contains essential information that will help you locate illicit funds. The most common asset-hiding techniques will be discussed, as well as using analysis to identify unknown sources of income, money laundering and offshore banking.
Money laundering is the process in which the origins of funds from illegal enterprises are concealed through a variety of methods including offshore havens, legitimate businesses and other methods. It has an economic impact on most if not all businesses and government entities. Money laundering’s effects are present in fraud, corruption and terrorist financing. You will learn how international laws and regulations apply to your business and how to incorporate an anti-money laundering process that is right for your company.
Fees:
ACFE Members: $595
Non-Members: $695
CPE Credits: 16 hours
Course Level: Intermediate
Prerequisite:
Participants should have a minimum of two years investigative or financial experience.
Who Should Attend
Certified Fraud Examiners and other anti-fraud specialists
Special investigation unit personnel
Loss prevention and security professionals
Criminal investigators from local, state and federal agencies
Detectives and private investigators
Internal and independent auditors
Lawyers, prosecutors and other bankruptcy professionals
What You Will Learn
Common locations for cash hoards
Investment of ill-gotten gains
The mechanisms of money laundering cash and currency instruments
Detection of offshore accounts and corporations
Developing the business and personal profile
Introduction to money laundering and the three stages common to it
How to detect the red flags of money laundering
Common channels used to launder funds
Implement regulations based on the needs of your specific industry and customers
How to identify risk factors and apply policies consistently across your company