CPAs spend most of their working lives reviewing bank statements and books and records of businesses. They are experts in understanding how to prepare financial statements according to GAAP. But would a CPA know a possible money laundering transaction if they saw it? Would about a money laundering business?

Money laundering is a subject of many action and thriller movies, but rarely understood. This presentation educates the CPA in understanding the basics of money laundering and how to identify money laundering. This presentation helps the CPA know the truth about money laundering, how to identify it, the statutes that define it, and the court cases that interpret it.

Program Content:
The major topics covered in this class include:

  • The theory of money laundering
  • Common money laundering statutes
  • Examples from court cases of money laundering statutes
  • Common occurrences with CPAs
  • Possible money laundering transactions
  • Applying the money laundering statutes in real life scenarios

Who should attend: Internal and external auditors, CPAs who prepare compilations and reviews.

Learning Objectives
  • Discover and distinguish the three stages of money laundering.
  • Recognize and recall possible money laundering techniques.
  • Identify the possible money laundering statute.
Last updated/reviewed: March 17, 2024
1 Review (5 ratings)

Reviews

5
Member's Profile
very very interesting. the test at the end was hard so pay attention

Prerequisites
Course Complexity: Foundational
No advanced preparation or prerequisites are required for this course.
Education Provider Information
Company: Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact: For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Instructor for this course
Course Syllabus
INTRODUCTION AND OVERVIEW
  Introduction to Money Laundering 101 for CPAs10:16
  Awareness for CPAs10:46
  Consequences8:20
  Ways Government Combats Money Laundering16:16
  Common Characteristics14:50
  Money Laundering Statutes and Court Case Examples25:06
  Money Laundering Transaction - Part 122:38
  Money Laundering Transaction - Part 220:34
  Money Laundering Transaction - Part 318:16
MONEY LAUNDERING REAL LIFE SCENARIOS
  WACHOVIA and Trade Based Money Laundering Cases22:36
  Example of Real State and Investment Broker13:52
  Example of Cellphone Distributer and Embezzlement19:04
  Recap5:30
CONTINUOUS PLAY
  Money Laundering 101 for CPAs3:28:04
SUPPORTING MATERIAL
  Slides: Money Laundering 101 for CPAsPDF
  Money Laundering 101 for CPAs Glossary/IndexPDF
REVIEW AND TEST
  REVIEW QUESTIONSquiz
 FINAL EXAMexam