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DAY ONE
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DAY TWO
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| 7:30 a.m. - 8:00 a.m. |
Registration & Breakfast Pastries |
Breakfast Pastries |
| 8:00 a.m. - 9:20 a.m. |
The Basics of Money Laundering
Discuss money laundering and when it is used, different types of money laundering and other methods of concealing assets, and the money laundering process: placement, layering and integration. |
Investigating Money Laundering, Part 1
Examine the profile of a money launderer, net worth analysis, the expenditures method of investigation and how to find information by using bank-deposits.
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| 9:20 a.m. - 9:35 a.m. |
Break |
Break |
| 9:35 a.m. - 10:55 a.m. |
Traditional Money Laundering Methods, Part 1
Money laundering is a common way to conceal assets. Learn how traditional schemes like cash vs. non-cash transactions, deposits to financial institutions, wire transfers and front business work and what to do to seek them out. |
Investigating Money Laundering, Part 2
This session will inform you of offshore money laundering havens, tax havens and legal obstacles for money laundering and will give you resources for international investigations. |
| 10:55 a.m. - 11:10 a.m. |
Break |
Break |
| 11:10 a.m. - 12:30 p.m. |
Traditional Money Laundering Methods, Part 2
Continue discussing some of the most traditional money laundering schemes like fictitious identities, offshore transactions, insurance policies and investments. |
Knowing and Complying with Money Laundering Laws
Discuss the Bank Secrecy Act, the Patriot Act, Federal Money Laundering Statutes, the Dodd-Frank Act, and the UK Bribery Act, and how each relates to money laundering schemes and how to apply them. |
| 12:30 p.m. - 1:30 p.m. |
Group Lunch |
Lunch on Own |
| 1:30 p.m. - 2:50 p.m. |
Emerging Payment Methods and Schemes
New payment technologies to launder funds are surfacing. Learn about online payments/e-cash, mobile payments, prepaid items, digital and virtual currencies, and other ways to launder money that are not yet most common.
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Reporting, Resolving and Remediating
Learn how to report a money laundering investigation and money laundering remedies that are available. Also, discuss corrective measures such as review policies and training, creating a data monitoring platform and how to ensure best practices with AML regulations.
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| 2:50 p.m. - 3:05 p.m. |
Break |
Break |
| 3:05 p.m. - 4:25 p.m. |
Detection
Arm yourself for the detection of money laundering by discussing data mining and analysis, transaction monitoring, and red flags for individuals and businesses. |
Practical Problem
Dissect a fact pattern involving a mix of traditional schemes and new payment methods, while working with investigatory and legal issues. |