Money Laundering Schemes: Identifying and Investigating

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.

• 11:30 a.m. – 12:50 p.m. Laws, Regulations, and Guidance

  Discuss the Bank Secrecy Act, the USA PATRIOT Act, Federal Money Laundering Statutes, and financial crime elements, and how each relates to money laundering schemes and how to apply them.

• 12:50 – 1:20 p.m. Lunch

  Lunch Break

• 1:20 – 2:40 p.m. Traditional and Current Money Laundering Techniques

  Money laundering is the process of concealing illicit assets. Learn how “traditional” schemes like cash vs. non-cash transactions, deposits to financial institutions, wire transfers and front business operate and common red flags that can be leveraged in investigations.

• 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.

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