Laundry Day Part Two – AML/CFT 102

Gain critical AML, Sanctions, and Terrorist Financing insights through the captivating story of Eddie Mercer in “Laundry Day, Part 2.” Understand the risks and consequences of improper uses of crypto – knowledge crucial for protecting your institution and understanding the pitfalls of crypto and decentralization. A unique and engaging learning experience unlike any other.

Suggested Credit: 1 Hour

Topics

Stages of Money Laundering – Placement, layering, and integration—criminals introduce illegal funds (placement), disguise their origins through layers of transactions (layering), and finally make the money appear legitimate (integration), as seen with crypto deposits, betting activity, and “clean” withdrawals.
Crypto in Financial Crime – Cryptocurrency’s decentralized and anonymous nature makes it ideal for laundering money. Tools like crypto tumblers (mixers) help hide money trails, while sites accepting crypto make tracking funds harder for investigators.
Dark Web Mechanics – The dark web, accessible through tools like Tor, allows criminals to remain anonymous and trade illicit goods and services. Reputation and digital identity are key, and invite-only marketplaces make law enforcement penetration difficult.
Money Laundering Methods – Shell companies, nominee owners, offshore trusts, and false identities obscure who truly controls funds. Online betting sites and creative use of tech “fronts” let criminals move and disguise money on a massive scale.
Sanctions Evasion & State Actors – State-linked hackers (like North Korea) use crypto and complex laundering tactics to bypass sanctions, funneling large amounts through digital channels and platforms designed to hide their origins.
Preventive Measures – KYC (Know Your Customer), transaction monitoring, scrutinizing beneficial ownership, and identifying suspicious patterns are essential to spotting and stopping sophisticated schemes.
Ethical Decision-Making – The story follows Eddie’s struggle with financial opportunity versus right and wrong—demonstrating the internal conflicts and consequences in the world of financial crime.

Relevant Jurisdictions

All – Globally Revlevant

Let’s get started

Laundry Day Part 2 – Lesson 1 – Introduction Laundry Day Part 2 – Lesson 1 – Quiz Laundry Day Part 2 – Lesson 2 – International High Stakes Laundry Day Pt 2 – Lesson 2 – Quiz Laundry Day Part 2 – Lesson 3 – Conclusion Laundry Day Pt 2 – Lesson 3 – Quiz