Online Virtual Seminar

Money Laundering Schemes: Identifying and Investigating

  • May 14-16, 2024 10:00 a.m.
  • Central Time (CT)
Course Level
Overview
Delivered via
Online
CPE
16

Description

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).

This 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.

Prerequisites

None.

You Will Learn How To:

Develop a deeper understanding of how illicit funds are placed, layered and integrated by criminals.

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

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

Trace money movement through banking products and emerging markets or industries.

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

CPE Information

CPE Credit: 16
Advanced Preparation: None
Delivery Method: Group-Internet Based

Credit by Field of Study

Specialized Knowledge: 16

Registration & Fees

Registration Fee:
Members: $655
Non-Members: $755
Early Registration Deadline: April 15, 2024
Register by the Early Registration Deadline to SAVE USD 125!

Course Outline

Day 1

  • 10:00 – 11:20 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.

  • 2:50 – 4:10 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.

Day 2

  • 10:00 – 11:20 a.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.

  • 11:30 a.m. – 12:50 p.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.

  • 1:00 – 2:20 p.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 then 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.

Day 3

  • 10:00 – 11:20 a.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. The block will explore the fraud and money laundering risks in emerging markets using the legal cannabis industry and black market sales as an example.

  • 11:30 a.m. – 12:50 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 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.

  • 1:00 – 2:20 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.

Presenter

Michael Schidlow, CFE - Speaker

MSchidlow

Professor and Lecturer

Policies

Payment must be received by April 15, 2024 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 MemberServices@ACFE.com or call (800) 245-3321 / +1 (512) 478-9000.

Terms and Conditions

 


nasba-events-tos-image 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.nasbaregistry.org.