About This Chapter
Anti-Money Laundering (AML) - Chapter Summary
This chapter's lessons provide in-depth examinations of anti-money laundering (AML) so you're well informed about the basics of money laundering, currency transaction reports, anti-money laundering provisions and a variety of related topics. Once you've completed this chapter, you could have the knowledge to do the following:
- Define and share examples of money laundering
- Outline the stages and methods of money laundering
- Discuss the USA PATRIOT Act
- Detail the rules of currency transaction reports
- Provide a description of the Specially Designated Nationals and Blocked Persons List
Feel confident in your ability to absorb topics discussed in this chapter by studying your way. Review the lessons that need your study time as often as necessary, and frequently assess your comprehension of lesson concepts by taking accompanying multiple-choice quizzes. Reach out to our subject-matter experts if you hit a snag or need to clarify lesson details. Confirm your overall understanding of this chapter by taking our practice test.
1. What Is Money Laundering? - Definition, Techniques & Examples
Review the definition of money laundering and examine the common techniques utilized by money launderers. We'll look at several examples of this illegal activity and then test your learning with a quiz.
2. Money Laundering: Stages & Methods
Money laundering is the process of concealing or destroying the paper trail associated with money obtained through illicit means. This lesson explores the three stages of money laundering and gives examples that characterize each stage.
3. USA PATRIOT Act: Anti-Money Laundering Provisions
The USA Patriot Act, which was passed in 2001, has anti-money laundering provisions that are designed to uncover and prevent the financing of terrorist activities. This lesson will examine these provisions and related programs set up to enforce them.
4. Currency Transaction Report: Rules
In this lesson we will review the requirements surrounding Currency Transaction Reports. We will also examine the exceptions to the rule and show how to avoid accidentally committing a crime involving these reports.
5. Specially Designated Nationals & Blocked Persons List
This lesson goes over something known as the Specially Designated Nationals & Blocked Persons List. You'll learn what this is part of, why it exists, and whom it is meant to target.
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Other chapters within the SIE Exam Study Guide course
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