Online Virtual Seminar

Money Laundering Schemes Workshop

  • Oct 16-19, 2023 8:00 a.m.
  • Central Time (CT)
Course Level
Delivered via


Money laundering is the process by which criminals attempt to make illicit assets seem legitimate so that they have the ability to possess and spend those funds. In simpler words, money laundering is making dirty money look clean. This process often involves hiding assets in various locations (e.g., multiple banks in different countries) and forms (e.g., cash, securities or real property).

The first part of this virtual seminar will teach you how to recognize both traditional and emerging methods of laundering assets, including new payment technologies and digital assets. You will also learn the tools and techniques you need to conduct a successful money laundering investigation.

The second part of this virtual seminar is an interactive virtual workshop that will give you the opportunity to dive deeper into the methods that criminals use to move and hide their illicit gains. Explore real-life cases of money laundering and hone your investigative skills. This workshop will explore the connection between money laundering and various bank frauds, giving attendees the tools, language and information needed to find hidden assets.



You Will Learn How To:

Develop a deeper understanding of how dirty money is placed, layered and integrated by criminals.

Recognize how banking products and services are misused by criminals to place and move illicit money.

Track beneficial ownership of front and shell companies for use in investigations.

Trace money movement through banking products and shell companies.

Build case profiles for the investigation, prosecution and asset recovery related to fraud and financial crime.

CPE Information

CPE Credit: 24
Advanced Preparation: None
Delivery Method: Group-Internet Based

Credit by Field of Study

Specialized Knowledge: 24

Registration & Fees

Registration Fee:

ACFE Members: $895

Non-Members: $995

Early Registration Deadline: September 15, 2023
Register by the Early Registration Deadline to SAVE USD $150!

Course Outline

Day 1

  • 8:00 – 9:20 a.m. A History and Overview of Money Laundering

    Provide a historical context for how money laundering began, starting with financial crime throughout history and the emergence of different types of money laundering and other methods of concealing assets, and the money laundering process – placement, layering and integration.

  • 1:30 – 2:50 p.m. Cybercrime and Cyber-Enabled Crime

    Acts of cybercrime and cyber-enabled crime can simultaneously generate and move illicit funds for fraudsters. Every organization faces these risks, which can not only result in the theft of funds, but also nonpublic information, intellectual property and legal risk. This session will discuss the range of cybercrime risks that organizations must account for and how malicious actors incorporate these schemes into money laundering modalities.

  • 3:05 – 4:25 p.m. Emerging Money Laundering Risks, Part 1

    Money launderers must be creative to continuously evade detection efforts, and their evolving tactics can involve unexpected areas of commerce. This session will examine how money launderers utilize markets for art, antiquities and collectibles to launder illicit gains.

Day 2

  • 8:00 – 9:20 a.m. Gatekeepers, Insider Risk and Money Laundering

    Complex money laundering processes are not always accessible to common criminals and often rely on the involvement of gatekeepers such as lawyers, accountants, real estate brokers and other professional service providers. Here we will explore how professionals use their specialized skills to obfuscate the trails of illicit funds through the creation of fictitious identities and entities that hide beneficial ownership.

  • 9:35 – 10:55 a.m. Cryptocurrency Fraud, Digital Assets and Money Laundering

    As soon as new technologies and payment methods are developed, criminals will look for ways to exploit them for their own gain. Fraudsters have used technology associated with cryptocurrencies and other digital assets to not only carry out fraud schemes but launder illicit gains as well. This course section will walk through a range of digital assets, including cryptocurrencies and other virtual currencies, and the associated money laundering risks.

  • 11:10 a.m. – 12:30 p.m. Emerging Money Laundering Risks, Part 2

    As new industries or markets emerge, in particular those with a high net yield, money launderers will look for ways to exploit facets of the industry for placement, layering and integration. This block will explore the fraud and money laundering risks in emerging markets using the legal cannabis industry and black market sales as an example.

  • 1:30 – 2:50 p.m. Commercial Lending and Payment Processors

    Merchants of all sizes in all industries depend on the ability to process payments and access capital, but they can be exposed to money laundering risks through these traditional business functions. This area of money laundering risk offers high return on investment and some lower risk. Here we will develop an understanding of how criminals use contemporary payment methods to maximize the volume and value of their criminal activities.

  • 3:05 – 4:25 p.m. Capstone Practical Problem

    The capstone practical problem will give attendees a chance to hone their skill sets and apply their understanding of money laundering schemes. Learners will be given a fact pattern involving a mix of traditional schemes and new payment methods while working with investigatory and legal issues to develop a working theory of the case.

Day 3

  • 8:00 – 9:20 a.m. Understanding the Prosecution of Money Laundering

    Money laundering is a behavioral pattern that involves transactions and conducts to hide illicit proceeds. The session will focus on some of the conduct that can give rise to and support charges of money laundering and conspiracy to commit money laundering. This session will explore how to pinpoint the behaviors of money launderers and their networks through the lens of the criminal elements of a money laundering charge.

  • 9:35 – 10:55 a.m. Building a Case (Prosecutor’s Approach)

    Success in criminal prosecutions often hinges on the volume and magnitude of potential charges. Since money laundering and fraud go hand in hand, this session will provide a walkthrough of how to maximize banking-related charges such as: transactional money laundering, bank fraud, lending/mortgage fraud, identity theft and wire fraud.

  • 11:10 – 11:50 a.m. Banking Assets and Records, Part 1

    One of the most critical challenges in a money laundering case is having the right records at hand. This session will provide tips and insights to identifying and more easily obtaining bank records needed for a fraud and money laundering investigation. The session will provide guidance on building an evidence-seeking strategy, what to ask for and the best ways to put those requests into writing.

Day 4

  • 8:00 – 9:20 a.m. Banking Assets and Records, Part 2

    One of the most critical challenges in a money laundering case is having the right records at hand. This session will provide tips and insights to identifying and more easily obtaining bank records needed for a fraud and money laundering investigation. The session will provide guidance on building an evidence-seeking strategy, what to ask for and the best ways to put those requests into writing.

  • 9:35 – 10:55 a.m. Modalities and Money Movement

    Money launderers are constantly evolving their techniques for the placement, layering and integration of illicit funds. This session provides an overview of where and when illicit money is moved, how to detect it and how to pursue those assets.

  • 11:10 – 11:50 a.m. Targeting Shell Companies

    Shell companies represent unique challenges due to their anonymity and complex structures. This session will outline proven strategies to pierce the corporate veil and identify the beneficial owners and controllers of incorporated entities.


Michael Schidlow, CFE - Speaker


Professor and Lecturer


Payment must be received by September 15, 2023 to receive early registration discount. 

Event Cancellation Policy

Our cancellation policy is intended to keep costs low for attendees. Due to financial obligations incurred by the ACFE, Inc., you must cancel your registration prior to the start of the event. Cancellations received less than 14 calendar days prior to an event start date are subject to a $100 administrative fee. No refunds or credits will be given for cancellations received on or after the start date of the event. Those who do not cancel and do not attend are responsible for the full registration fee. Should an event be cancelled or postponed by the ACFE due to unforeseen circumstances, the ACFE will process a full refund of registration fees within 30 days of such circumstances becoming known. The ACFE will attempt to notify affected customers by phone and email after it determines cancellation is necessary.

Satisfaction Guarantee

ACFE events are unmatched in scope and effectiveness and backed by our unconditional satisfaction guarantee. If you attend an ACFE event and are not completely satisfied, please contact an ACFE Member Services Representative at or call (800) 245-3321 / +1 (512) 478-9000.

Terms and Conditions


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