Anti-Money Laundering Warning Signs and Mitigation Techniques

Field: Auditing | Delivery Method: Self Study | CPE Hours: 1.5

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Can 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.

This is one of several courses on the topic of AML. Other courses include:
  • Anti-Money Laundering – Understanding the Process
  • Anti-Money Laundering Establishing a Compliance Program
  • Anti-Money Laundering and the USA Patriot Act

Within this course we explore AML warning signs and potential mitigation techniques companies and professionals can take to help eliminate money laundering.

Lesson objectives
  • Examine the general warning signs of ML
  • Examine warning signs of AML related to the legal process
  • Identify AML pro-active prevention techniques
  • Identify AML mitigation processes
  • Examine features to look for in an AML automated monitoring system
  • Ten things to look for in an AML Watchlist Provider


Field: Auditing
CPE: 1.5
Delivery Method: Self-Study
Format: Video




Your Instructor


Lynn Fountain
Lynn Fountain

Consultant, CPA, CGMA, CRMA, MBA, Past Chief Audit Executive

Business Consultant, Trainer, Author


Ms. Fountain has over 40 years of experience spanning public accounting, industry accounting and consulting. Sixteen years of that experience has been in the field of internal audit, risk managment and process improvement. She is well adept to assist your organization evaluate business strategy, perform risk assessments, establish a Sarbanes-Oxley process, synergizing internal audit processes or perform process improvement projects.


As a past corporate executive Lynn has a passion for working with professionals to enhance their processes and provide leading edge education. She has authored and delivered hundreds of training courses for accounting, finance and audit professionals. Her training is filled with not just theory but real world application.


Ms. Fountain has authored three technical publications:

-Leading the Internal Audit Function 

-Raise the Red Flag

-Ethics and the Internal Auditor's political dilemma


Lynn is a recognized leader in the internal audit profession as well as a recognized business professional.  


Ms. Fountain obtained her BSBA from Pittsburg State University and her MBA from Washburn University in Kansas. She has active, current CPA, CGMA, and CRMA credentials.


https://www.lynnfountain.net/


Course Curriculum


  Anti-Money Laundering Warning Signs and Mitigation Techniques
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Frequently Asked Questions


When does the course start and finish?
The course starts now and never ends! It is a completely self-paced online course - you decide when you start and when you finish.
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