“Money Laundering” is a world-wide crime that impacts every nation’s currency and economy.
This is a straightforward presentation that exposes the unique details of what constitutes the crime of "Money Laundering" and the Forensic Accounting Tools and Techniques that can be employed to identify "Money Laundering" methods to develop meaningful evidence to successfully prove a case of “Money Laundering”.
This presentation will provide the attendees with a comprehensive overview of Specified Unlawful Acts that become the basis for the crime of "Money Laundering". "Money Laundering" can be broken down into three (3) specific methods, concealment, structuring, and tax evasion.
The majority of "Money Laundering" involves a series of financial transactions to make funds derived from illegal sources appear as if they were in fact generated for legitimate business activity. The other types of "Money Laundering" involve numerous methods to disguise the true source of funds to evade the payment of taxes.
During this presentation we will discuss:
• The nature of financial transactions designed to conceal the true nature, source and of funds,
• The methods involved for the movement of funds into, out of, or through the United States,
• The most commonly used schemes used to evade reporting requirements and to evade taxes,
• The use of casinos to conduct financial transactions to clean funds obtained from criminal activities,
• The physical movement of funds to foreign countries and foreign financial institutions to evade reporting requirements,
• The use of “Money Service Businesses” and privately owned Automated Teller Machines (ATM’s).
This presentation will explore the various Forensic Accounting tools and techniques to identify and investigate each of these specific "Money Laundering" methods.