Program Description

This training is designed to help participants understand how money laundering is perpetrated and how governments and anti-money laundering (AML) laws operate to counteract this crime. It also highlights the roles and responsibilities of the AMLC and covered persons in facing the threat of money laundering. Professional accountants, compliance officers, and other individuals involved in covered institutions such as banks, stock brokerages, casinos, and pawnshops will greatly benefit from this course.

Learning Outcomes for this Course:

  • Lesson 5

    Gain a background on casino operations and junkets, as well as identify and understand the alerts and red flag indicators of suspicious transactions in casinos.cas

  • Lesson 6

    Identify and understand the various money laundering schemes used in casinos, such as hedging, use of false identities, infiltration of junkets and proxy betting.

  • Lesson 7

    (1) Gain an understanding of how non-profit organizations (NPOs) are abused for purposes of money laundering, (2) Identify potential suspicious activities which may indicate money laundering or terrorist financing using NPOs, and (3) Understand the ways by which NPOs can protect themselves from criminal abuse.

  • Lesson 8

    Gain an understanding of the future of money laundering with the use of cryptocurrencies, virtual applications and other similar innovations in technology and finance.