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Live Webcast Replay

Accountant’s Guide to Anti-Money Laundering (AML): People, Patterns and Prosecutions


Total Credits: 2 including 2 Regulatory Ethics - Technical

Average Rating:
   51
Categories:
Partner Produced |  Ethics
Speaker:
Albert D. Spalding Jr.
Course Levels:
Basic
Duration:
2 Hours
Product Type:
Live Webcast Replay
License:

Dates


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.

Basic Course Information

Learning Objectives
  • 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.

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

Course Materials

Speaker

Albert D. Spalding Jr. Related Seminars and Products

Associate Professor

Mike Illitch School of Business Administration, Wayne State University, Detroit


Albert “Bert” is an attorney-CPA and holds the Certified in Financial Forensics (CFF) designation from the AICPA.
Professor Spalding serves on the faculty of the Department of Accounting at the Wayne State University Mike Ilitch School of Business…where he teaches business law, tax, forensic and fiduciary accounting -- as well as professional ethics -- in the MS in Accounting and MBA programs.
Bert Spalding has also served on the legal staff of the IRS National Office in Washington, D.C. where he drafted letter rulings, technical advice memoranda, revenue rulings and other pronouncements.
Dr. Spalding holds graduate degrees in accounting, law, psychology, philosophy and theology, and has authored several books and many journal articles on accounting, tax, legal and ethics-related topics. His popular SpaldingCPE seminars, webcasts and self-study courses on ethics and accounting topics are widely received around the State of Michigan as well as nationally.


Additional Info

Basic Course Information

Prerequisites

None


Advanced Preparation

None


Designed For

All financial and accounting professionals


Original Recording Date

10/2021


Yellow Book

No


Course Developer

MICPA


Date Added to Catalog

09/13/2021


Additional Information

Complaint Resolution Policy

Please contact Anne Taylor for any complaints.  anne.taylor@acpen.com, (972-377-8199).


Official Registry Statement

Business Professionals' Network, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org


Instructional Delivery Method

Group Internet Based


Course Registration Requirements

Online Registration


Refund/Cancellation Policy

Please contact the ACPEN help desk 1-877-602-9877 or help@acpen.com if you wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer.


Reviews

5
4
3
2
1

Overall:      4.7

Total Reviews: 51

Comments

Barbara C - Marquette, Michigan

"Real world examples kept the course interesting"

John Lister J

" "

Jeffrey H

"Outstanding topic and great presentation. I especially found the focus on impact to the profession obligations of confidentiality very helpful and good heads-up for members that have been in practice a while. This was a very valuable and timely topic. Speaker was fantastic and had great depth of knowledge that was presented in easy to follow manner. "