Threat Financing & AML

Threat Financing and Anti-Money Laundering is a class that provides an overview of the world of money laundering, terrorist financing, and sanctions. It delves into how these areas are handled by governments around the world, especially focusing on the United States and its reach overseas. The class does a deep dive into the realm of compliance programs and the regulations and laws that apply to financial institutions, such as banks, brokerage firms, and investment advisers; to money services businesses, including money transmitters and the hawala system; and to gambling entities, including those that are online as well as casinos. Fines issued to various entities will be analyzed, such as the $3 billion fine imposed upon TD Bank in the fall of 2024, as well as criminal penalties that have been imposed on individuals and entities. A review of how funds are moved, such as via the transfer of real estate, art, and jewelry, will be conducted. Some guest speakers who handle such issues on a daily basis will be brought in to provide their analysis. In this class, the perspective of law enforcement, regulators, and compliance personnel will be presented.