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

Comprehensive online anti-money laundering training for futures industry professionals. Covers federal AML laws and NFA compliance requirements.

Course Features:

6 accesses available to complete the course
You may print out the materials before advancing to the next section
No return to previous sections, so study time is determinate for NFA audit purposes
You and your compliance department decide what is appropriate for your situation
Upon completion of the course, you will be able to print a Letter of Completion showing your name, date of training, the course title, and study time

Prices:

Online Version $25.00

By buying this product, I agree to the following:

I have read the description of the Center’s Ethics of Money Laundering Regulations training course and I believe it is appropriate for me. By purchasing this course, I agree to hold the Center harmless if this material is ultimately found not to have been appropriate for me.

While the Center has made every effort to assure that this material is “appropriate” for futures professionals, no warranty, express or implied, is made as to the accuracy or completeness of the material.

Lastly, I understand that the NFA and CFTC have not reviewed or approved the specific content or appropriateness of the ethics training and do not recommend the Center’s (or anyone else’s) training.