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Anti-Money Laundering Warning Signs and Mitigation Techniques


Total Credits: 2 including 2 Auditing- Technical

Average Rating:
   4.4
Category:
Partner Produced |  Industry |  Accounting and Auditing
Faculty:
Lynn Fountain, CGMA, CRMA, MBA
Course Levels:
Basic
Duration:
2 Hour
License:
Access for 30 day(s) after program date.

Dates


Description

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.

Basic Course Information

Learning 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.

Major Subjects
  • Warning signs of money laundering
  • Legal services
  • Prevention
  • AML mitigation methods
  • Features to look for in AML solutions
  • Ten things in AML watchlist provider

Course Materials

Faculty

Lynn Fountain, CGMA, CRMA, MBA Related seminars and products


Lynn Fountain has over 37 years of experience spanning public accounting, corporate accounting and consulting. 22 years of her experience has been working in the areas of internal and external auditing. 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. 

Ms. Fountain has held two Chief Audit Executive positions for international companies. In 2011, as the Chief Audit Executive for an international construction/ engineering firm, she was involved in the active investigation of a joint venture fraud.  The investigation included work with the FBI and ultimately led to indictment of the perpetrators and recovery of $13M.  Ms. Fountain is currently engaged in her own training and consulting business and is a regular trainer for the AICPA.

Ms. Fountain is the author of three separate technical books.  “Raise the Red Flag – The Internal Auditors Guide to Fraud Evaluations” was published by the Institute of Internal Auditors Research Foundation. “Leading The Internal Audit Function” and “Ethics and The Internal Auditor Political Dilemma” were published by Taylor & Francis In addition,

Ms. Fountain has performed as an adjunct instructor for the School of Business for Grantham University and developed the first internal audit curriculum for the School of Business at the University of Kansas.  Ms. Fountain obtained her BSBA from Pittsburg State University and her MBA from Washburn University in Kansas. She has her CGMA, CRMA credentials and CPA certificate (non-active).


Dates

Mon, Aug 23, 2021 - 06:30am to 08:21am PDT
Tue, Sep 28, 2021 - 08:30am to 10:21am PDT
Mon, Oct 25, 2021 - 06:00am to 07:51am PDT
Wed, Nov 17, 2021 - 11:30am to 01:21pm PST
Fri, Dec 03, 2021 - 09:30am to 11:21am PST
Thu, Dec 23, 2021 - 06:30am to 08:21am PST

Additional Info

Basic Course Information

Prerequisites None
Advanced Preparation None
Designed For

Any accounting or financial professional or auditor wanting to understand more about signs of money laundering and mitigation techniques

 


Yellow Book No
Course Developer MICPA
Original Recording Date 06/24/2021
Date Added to Catalog 04/22/2021

Additional Information

Complaint Resolution Policy Please contact Anne Taylor for any complaints. anne.taylor@acpen.com, (972-377-8199).
Official Registry Statement Business Professionals' Network, 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
Instructional Delivery Method Live Group Internet Based
Course Registration Requirements Online Registration
Refund/Cancellation Policy Please contact the ACPEN help desk 1-877-602-9877 or help@acpen.com if you wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer.

Reviews

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Overall:      4.4

Total Reviews: 9

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