Anti-Money Laundering Warning Signs and Mitigation Techniques
Online
2.00 Credits
Member Price $85.00
Non-Member Price $115.00
Overview
Could you imagine a drug dealer using a credit-card terminal to accept payment? How about someone paying for a television they bought off the back of a truck with a personal check? Hard to imagine, right? Most criminals conduct their business in cash.
For years, criminals kept their ill-gotten gains in cash and used it to pay for everything from real estate to jewelry to things such as private school tuition. This prompted governments around the globe to pass laws prohibiting large cash payments or, at the least, requiring such payments to be reported.
These laws created the need for criminals to conceal the true source of the money or to "launder" it. To combat these threats, laws, and regulations have been enacted in countries around the globe that make financial services firms, and in some cases individuals, responsible for preventing or stopping money laundering. Within this course, we explore AML warning signs and potential mitigation techniques companies and professionals can take to help eliminate money laundering.
Objectives
- Explore and examine the general warning signs of Anti-Money Laundering (AML)
- Explore and examine warning signs of AML related to the legal process.
- Identify AML pro-active prevention techniques.
- Identify AML mitigation processes.
- Discover and examine features to look for in an AML automated monitoring system.
- Recognize ten things to look for in an AML Watchlist Provider.
Highlights
- Warning signs of money laundering
- Legal services
- Prevention
- AML mitigation methods
- Features to look for in AML solutions
- Ten things in AML watchlist provider
Designed For
Any accounting or financial professional or auditor wanting to understand more about signs of money laundering and mitigation techniques
Prerequisites
None
Preparation
None
Notice
Your webinar can be accessed via https://ctcpas.acpen.com/. If you do not have an ACPEN account, please sign up for an account using the email address you have on file with CTCPA.
Leader(s):
Leader Bios
Lynn Fountain, CGMA, CRMA, MB, AICPA
Lynn Fountain, CGMA, CRMA, MBA
Lynn Fountain has over 45 years of experience spanning public accounting, corporate accounting and consulting. 20 years of her experience has been working in the areas of internal and external auditing and risk management. She is a subject matter expert in multiple fields including internal audit, ethics, fraud evaluations, Sarbanes-Oxley, enterprise risk management, governance, financial management and compliance. Lynn has held two Chief Audit Executive (CAE) positions for international companies. In one of her roles as CAE, she assisted in the investigation of a multi-million-dollar fraud scheme perpetrated by a vendor that spanned 7 years and implicated 20 employees. The fraud was formally investigation by the FBI and resulted in 5 indictments estimating a $13M fraud loss.Ms. Fountain obtained her BSBA from Pittsburg State University and her MBA from Washburn University in Kansas. She has her CPA, CGMA, CRMA credentials.
Non-Member Price $115.00
Member Price $85.00