Anti-Money Laundering & Beneficial Ownership

AML compliance for attorneys. Covers the BSA framework, client due diligence, Corporate Transparency Act beneficial ownership reporting, real estate money laundering, trust and estate AML risks, IOLTA compliance, and building an AML program.

8 Units

Early Units (Foundation)

Building Skills

Advanced Concepts

Capstone/Synthesis

The AML Framework and the Gatekeeper Rule

Examines the statutory and regulatory architecture of U.S. anti-money laundering law, including the Bank Secrecy Act, FinCEN's evolving authority, and the proposed extension of AML obligations to attorneys.

20 minutes

Client Due Diligence and Know Your Client

Explores the principles and procedures of client due diligence, including risk assessment frameworks, red flag identification, and enhanced due diligence triggers for high-risk clients and transactions.

20 minutes

Beneficial Ownership Reporting and the Corporate Transparency Act

Analyzes the Corporate Transparency Act's beneficial ownership information reporting requirements, including covered entities, exemptions, deadlines, penalties, and the role of attorneys in facilitating client compliance.

20 minutes

Suspicious Activity Recognition and Money Laundering Typologies

Examines the techniques and patterns used in money laundering schemes, including case studies of structuring, shell company abuse, trade-based laundering, and PEP-related corruption.

20 minutes

Real Estate Transactions and Money Laundering

Examines money laundering in real estate transactions, focusing on all-cash purchases, shell company buyers, FinCEN Geographic Targeting Orders, and case studies from high-risk markets.

20 minutes

Trust and Estate Planning AML Risks

Explores the intersection of trust and estate planning with money laundering, including offshore trusts, beneficial ownership concealment, PEP estate planning, and attorney obligations when representing high-risk clients.

20 minutes

Attorney Trust Accounts and IOLTA Compliance

Analyzes attorney trust account obligations, including IOLTA compliance, recordkeeping requirements, commingling prohibitions, and the intersection of trust account management with AML concerns.

20 minutes

AML Compliance Programs for Law Firms

Provides a practical framework for implementing AML compliance programs in law firms, including risk assessment, policies and procedures, training, independent testing, and governance structures.

20 minutes

Learning Progression

This course is designed to be taken sequentially. Earlier units establish foundational concepts that later units build upon. While you can explore units in any order, following the numbered sequence provides the most coherent learning experience.