There are many ways in which money can be diverted in order to obscure its origins and avoid paying taxes. In Money Laundering: Schemes and Detection Methods, we cover many of the techniques being used to launder money, while also providing an overview of the methods used to detect its existence and build a case against money launderers. The course also describes the essential points of the United States legislation being used to grapple with the problem, and the reporting systems in place to highlight where money laundering may be occurring.

Learning Objectives:

• Recognize the types of businesses from which money laundering operations can most easily be run


• Describe the different types of money laundering schemes, how they operate, and their tax effects


• List the types of actions a money launderer may take to move cash into or out of his home country


• Determine how the black market peso exchange operates


• Evaluate the activities of the Financial Crimes Enforcement Network


• Summarize how a person might avoid the reporting associated with a large currency transaction


• Outline the actions that might trigger the filing of a financial notification report


• Differentiate the different activities that can be used during a money laundering investigation to collect information and the ramifications of each one


• Give examples of the types of investigations that can be conducted to estimate a person’s income