Threat Financing & Anti-Money Laundering

This class provides a comprehensive look at the efforts to prevent and detect money laundering and terrorist financing in a post 9/11 world. Developments in the United States, as well as internationally, are discussed. The evolution of the area is examined, including a review of the relevant statutes and regulations such as the Patriot Act, the Bank Secrecy Act and the Material Support statute. Analysis is done of the Suspicious Activity Reporting that is required to be done by all financial institutions, including banks, securities firms and money services businesses. Cases and actions brought relating to money laundering issues are discussed, including detailed review of the requirements for an Anti-Money Laundering compliance program. There is also analysis of threat financing, from the viewpoint of the requirements placed upon financial institutions, charities and companies, along with a review of cases involving terror financing. In addition, the course addresses the role of lawmakers, lawyers, companies, financial institutions and law enforcement in the process of trying to stop money laundering and terrorist financing.