Online Ethics Training - Ethics of Money Laundering Regulations

D_ETHICS_AML
$25.00
Online Ethics Training - Ethics of Money Laundering Regulations
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Online Ethics Course - Ethics of Money Laundering Regulations

New ethics training rules are in effect for futures professionals. These rules require NFA Members to determine the appropriateness of the ethics training which they (and their Associates) take. To help you determine whether the Center’s online Ethics of Money Laundering Regulations program is “appropriate” for you, a Table of Contents for this course follows:

Table of Contents

SECTION 1
What is Money Laundering?
  • Section 1956 of Title 18
  • Specified Unlawful Activity
SECTION 2
How Money is Laundered
  • Placement
  • Layering
  • Integration
SECTION 3
Suspicious Activity and Terrorist Financing
  • Signs of Money Laundering
  • Types of Behavior
  • Filing an SAR
  • Transactions Requiring Filing an SAR
SECTION 4
Regulatory and Enforcement Framework against Money Laundering
  • Bank Secrecy Act of 1970
  • Reports/Registrations Required by the Bank Secrecy Act of 1970
SECTION 5
NFA Compliance Rule 2-9
  • Anti-Money Laundering Program Minimum Requirements
  • Interpretive Notice #9045
    • Steps
    • Procedures
      • Knowing your Customer
SECTION 6
Recognizing and Reporting "Suspicious Activity"
  • Hiring Qualified Staff
  • Record Keeping
SECTION 7
  • Designation of a Compliance Officer
  • Employee Training Program
  • Independent Audit Function
  • Sanctions for Money Laundering
    • Violations of Section 1956(a)(1) and 1956(a)(2)
      • Structuring Violations
SECTION 8
  • Asset Forfeiture
  • Burden of Proof
  • Court-Appointed Legal Representation
  • Innocent Owner" Defense
  • Substantial Hardship
  • Payment for Damage to Improperly Seized Property
  • Fitting the Punishment to the Crime
  • Real Estate Forfeiture
  • Use of Criminal Forfeiture
  • Use of Civil Forfeiture
SECTION 9
  • Penalties for Failure to Report as Required
  • Suspicious Activity Report (Form SAR)
  • Currency Transaction Report (Form CTR)
  • Report of International Transportation of Currency or Monetary Instruments (CMIR, Form 4790)
  • Foreign Bank and Financial Accounts Report (FBAR, Form TD F 90-22.1
SECTION 10
  • Report of Cash Received in a Trade or Business Form 8300)
  • Reports Pursuant to Geographic Targeting Orders
  • Registration as a Money Services Business (Form TD F 90-22.55)
Conclusion
Long-Term Consequences of U.S. Money Laundering Legislation

Purchase of the ethics course entitles you to 6 accesses within which to complete the course. As you advance through the course, you may print out the materials. You will encounter review questions periodically. Once they are answered correctly, the course will advance you to the next section. You will not be allowed to return to a previous section once it has been completed; therefore, all printouts should be made prior to answering the final review question for each section. Upon completion of the course, you will be able to print a Letter of Completion showing your name, date of training and the course title, and the time spent online in this ethics training course.