Anti-Money Laundering (AML) for Accountants and Fraud Professionals
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Speaker : LAURA THESSIN
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When : Friday, March 14, 2025
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Time : 12 : 00 PM EST
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Laura Thessin, CPA, MBA
Established finance and accounting professional with over 13 years of progressive experience. She transitioned from my role as a Commercial Loan Officer with an established community bank to an executive with The Engineering Groupe, Inc. She manages the day-to-day financial operations of the organization and coordinates all financial strategic planning.
In addition, She also teaches a senior-level auditing course at the University of Mary Washington. She also creates content and speaks for continuing education providers.
Money laundering is a significant global issue, and accountants and fraud professionals are key to detecting and preventing it. This presentation will provide a thorough overview of anti-money laundering (AML) regulations, risk management strategies, and compliance obligations specifically tailored for accountants and fraud professionals. You’ll learn about the stages of money laundering, key regulations such as the Bank Secrecy Act (BSA) and EU AML Directives, and how to implement a risk-based approach to client assessment.
Additionally, we’ll cover best practices for Know Your Customer (KYC) procedures, Suspicious Activity Reporting (SAR), and leveraging technology to streamline AML compliance and fraud detection. Real-world case studies will highlight common mistakes and lessons learned, while proactive fraud detection strategies will help professionals recognize connections between fraud and money laundering.
By the end of this session, participants will gain actionable insights on how to strengthen AML controls, stay compliant with evolving regulations, and effectively collaborate in the fight against financial crime.
Areas Covered
- Introduction
- Understanding Money Laundering
- Key AML Regulations and Frameworks
- Risk-Based Approach to AML
- Know Your Customer (KYC) for Accountants
- Suspicious Activity Reporting (SAR)
- AML Compliance Responsibilities for Accountants
- Role of Technology in AML
- Case Studies: AML Failures and Lessons Learned
- Anti-Fraud Strategies and AM
- Best Practices for AML in Accounting
- Penalties for Non-Compliance
- Conclusion
Who Should Attend
Accountants, Accounting Firms, Internal Auditors, Individuals in Risk Management, Compliance or Governance Roles, AML Professionals, Bank Employees.
Why Should You Attend
This presentation is essential for accountants, auditors, fraud professionals, and compliance officers who play a critical role in detecting and preventing financial crime. By attending, you will:
- Stay Compliant with AML Regulations: Gain a deep understanding of the latest anti-money laundering regulations and how they impact accountants and fraud investigators.
- Enhance Risk Management Skills: Learn to apply a risk-based approach to assessing clients, identifying high-risk transactions, and mitigating money laundering risks.
- Master KYC and SAR Processes: Ensure you are compliant with Know Your Customer (KYC) requirements and understand when and how to file Suspicious Activity Reports (SAR).
- Improve Fraud Detection: Explore how fraud schemes are linked to money laundering and how to proactively detect and prevent them.
- Leverage Technology: Discover how AI and data analytics can improve the effectiveness of your AML efforts and streamline compliance procedures.
- Learn from Real-World Case Studies: Analyze real-life examples of AML failures and successes to avoid common pitfalls and implement best practices
- This presentation will equip you with practical knowledge and tools to protect your practice, ensure regulatory compliance, and stay ahead of evolving financial crime threats.
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$160.00
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