MNCPA is here for you.
Let us know how we can help.

22WA-4012: Accountant's Guide to Anti-Money Laundering (AML): People, Patterns and Prosecutions (Webinar)

If you have questions about this event, please call us at 952-831-2707.

Date Thursday, December 22, 2022
Time 8:00am - 9:55am
Central Time
Location Online
CPE credits CPE 2.0
Field(s)
of study
Regulatory Ethics - Technical (2.0)
Specialty
credits
2.0 Ethics
Instructor Albert Spalding, CPA, JD, Ph.D.
Mike Ilitch School of Business, Wayne State University
Fees
Standard Member Fee $79.00
Standard Nonmember Fee $79.00

Description

There is an increasing expectation that accountants should be alert to red flags that point potential money laundering situations, even if they are not specifically tasked with monitoring AML compliance. The General Standards Rule of the AICPA Code of Professional Conduct, for example, implies that an alertness to such red flags is a matter of diligence, due care and competence. This workshop unpacks AML compliance requirements from an ethics perspective and considers real world cases involving accounting and financial professionals' responses to AML red flags.

Who should take this program?

All financial and accounting professionals

Major subjects

  • Prevalence and Impact of Money Laundering
  • When CPAs Launder Money
  • Detection of Money Laundering, Part I
  • Banks and Financial Institutions
  • The Connection between Money Laundering and Fraud
  • Accountant's Duty to be Alert to Fraud and Money Laundering
  • Detection of Money Laundering, Part II
  • Other Organizations (Example: Casinos)
  • Detection of Money Laundering, Part III
  • Other Organizations (Example: Health Care / Health Insurance)
  • Summary and Conclusion

Learning objective(s)

  • Provide a working definition of money laundering (ML) and list the basic elements of ML.
  • Develop a greater awareness of the prevalence of ML 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 flags.

Notes:

Course code Code 22WA-4012
Sponsor Business Professionals' Network, Inc.
NASBA ID#: 107810
Level Basic
Format Group Internet Based
Prerequisites Prereq. None
Advance
prep
None

If you have questions about this event, please call us at 952-831-2707.

view cart

Search CPE catalog

Event code
Keyword

Advanced search
View all CPE programs