Money laundering is a serious global issue that has led to the loss of billions of dollars and undermines the stability of the global financial system. This course will introduce the concepts and practices surrounding money laundering, including the stages of placement, layering, and integration, as well as some of the common schemes used to launder money.

• identify the definition of money laundering
• recognize money laundering schemes and red flags
• recall the rules and regulations related to detecting and preventing money laundering
• identify the roles of such regulators as the Financial Crimes Enforcement Network and the Office of Foreign Asset Control
• recognize the role the advisor and the financial professional plays in detecting and preventing money laundering
• remember rules related to compliance programs, customer due diligence, and related obligations
• recall reporting obligations