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Accountant’s Guide to Anti-Money Laundering (AML): People, Patterns and Prosecutions

Total Credits: 2 including 2 Regulatory Ethics - Technical

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Partner Produced |  Ethics
Albert D. Spalding Jr.
Course Levels:
2 Hours
Access for 30 day(s) after program date.

Please Note: Programs with a ☾ insignia begin after 5pm or air on the weekend.


There is an increasing expectation that accountants should be alert to red flags that point potential money laundering situations, even if they are not specifically tasked with monitoring AML compliance. The General Standards Rule of the AICPA Code of Professional Conduct, for example, implies that an alertness to such red flags is a matter of diligence, due care and competence. This workshop unpacks AML compliance requirements from an ethics perspective and considers real world cases involving accounting and financial professionals' responses to AML red flags.

Basic Course Information

Learning Objectives
  • Provide a working definition of money laundering (ML) and list the basic elements of ML.
  • Develop a greater awareness of the prevalence of ML and the global efforts to prevent it.
  • Draw a connection between money laundering and fraud. Point to various “red flags” common to both money laundering and fraud and describe the ethical duty of accountants to be alert to such red flags.
  • Analyze real-world cases involving money laundering red flags.

Major Subjects
  • Prevalence and Impact of Money Laundering
    • When CPAs Launder Money
  • Detection of Money Laundering, Part I
    • Banks and Financial Institutions
  • The Connection between Money Laundering and Fraud
  • Accountant’s Duty to be Alert to Fraud and Money Laundering
  • Detection of Money Laundering, Part II
    • Other Organizations (Example: Casinos)
  • Detection of Money Laundering, Part III
    • Other Organizations (Example: Health Care / Health Insurance)
  • Summary and Conclusion

Course Materials


Albert D. Spalding Jr. Related seminars and products

Associate Professor

Mike Illitch School of Business Administration, Wayne State University, Detroit

Albert “Bert” is an attorney-CPA and holds the Certified in Financial Forensics (CFF) designation from the AICPA.
Professor Spalding serves on the faculty of the Department of Accounting at the Wayne State University Mike Ilitch School of Business…where he teaches business law, tax, forensic and fiduciary accounting -- as well as professional ethics -- in the MS in Accounting and MBA programs.
Bert Spalding has also served on the legal staff of the IRS National Office in Washington, D.C. where he drafted letter rulings, technical advice memoranda, revenue rulings and other pronouncements.
Dr. Spalding holds graduate degrees in accounting, law, psychology, philosophy and theology, and has authored several books and many journal articles on accounting, tax, legal and ethics-related topics. His popular SpaldingCPE seminars, webcasts and self-study courses on ethics and accounting topics are widely received around the State of Michigan as well as nationally.


Tue, Oct 26, 2021 - 09:00am to 10:40am EDT
Thu, Nov 18, 2021 - 04:30pm to 06:10pm EST
Thu, Dec 02, 2021 - 10:00am to 11:40am EST
Wed, Dec 29, 2021 - 04:00pm to 05:40pm EST
Sat, Jan 22, 2022 - 09:30am to 11:10am EST
Fri, Feb 18, 2022 - 11:00am to 12:40pm EST
Mon, Mar 21, 2022 - 03:00pm to 04:40pm EDT
Tue, Apr 26, 2022 - 12:00pm to 01:40pm EDT
Wed, May 18, 2022 - 02:00pm to 03:40pm EDT
Thu, Jun 09, 2022 - 01:00pm to 02:40pm EDT
Tue, Jun 28, 2022 - 09:30am to 11:10am EDT
Wed, Jul 13, 2022 - 03:30pm to 05:10pm EDT
Fri, Aug 12, 2022 - 10:30am to 12:10pm EDT
Sat, Sep 10, 2022 - 09:00am to 10:40am EDT
Thu, Oct 20, 2022 - 02:30pm to 04:10pm EDT
Mon, Nov 07, 2022 - 11:30am to 01:10pm EST
Tue, Dec 06, 2022 - 03:30pm to 05:10pm EST
Thu, Dec 22, 2022 - 09:00am to 10:40am EST

Additional Info

Basic Course Information



Advanced Preparation


Designed For

All financial and accounting professionals

Original Recording Date


Yellow Book


Course Developer


Date Added to Catalog


Additional Information

Complaint Resolution Policy

Please contact Anne Taylor for any complaints., (972-377-8199).

Official Registry Statement

Business Professionals' Network, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website:

Instructional Delivery Method

Group Internet Based

Course Registration Requirements

Online Registration

Refund/Cancellation Policy

Please contact the ACPEN help desk 1-877-602-9877 or if you wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer.


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