Accountant’s Guide to Anti-Money Laundering: People, Patterns and Prosecutions WEBCAST

Overview

Accountants in the various financial services industries are expected to be alert to potential money laundering situations, even if they are not specifically tasked with monitoring AML compliance. This workshop unpacks the basic AML compliance requirements and considers real world cases involving financial professionals & responses to AML red flags. The content of this workshop emphasizes the ethical considerations faced by accountants who encounter money laundering situations. NOTE: This course does NOT meet Washington State Ethics Requirements.

Highlights

Prevalence and impact of money laundering. When CPAs launder money. The connection between money laundering and fraud. The accountant’s duty to be alert to fraud and money laundering. Detection of money laundering.

Prerequisites

None.

Designed For

All financial and accounting professionals.

Objectives

Provide a working definition of money laundering and list the basic elements of money laundering. Develop a greater awareness of the prevalence of money laundering and the global efforts to prevent it. Draw a connection between money laundering and fraud. Point to various red flags common to both money laundering and fraud and describe the ethical duty of accountants to be alert to such red flags. Analyze real-world cases involving money laundering red flag.

Preparation

None.

Notice

None.