- Analyze the operations of banks and financial institutions to determine whether they are in compliance with the provisions of the Money Laundering Control Act, the Bank Secrecy Act, and associated regulations
- Identify best practices in the financial services and banking sectors in addressing concerns about financial crimes, including “know your customer” programs and associated reporting systems
- Identify red flags in banking and financial services accounts and transactions that necessitate further investigation of customers, with particular reference to politically exposed persons, correspondent banking, and trade finance transactions at the international and domestic levels
This course introduces students to the theory and practice related to financial crimes compliance in the United States, and at the global level. Particular laws examined include: the Money Laundering Control Act, the Bank Secrecy Act, and associated regulations.
At the international level, the course also outlines the work of the Financial Action Task Force and its recommendations on combatting money laundering and terrorism financing.