Bank Secrecy Act Basics: 02. Money Laundering 101
6 min! Run Time
Employees
only
Provided
What you'll learn
Skills covered in this course
Description
When the government began tracking large cash transactions, criminals found ways to hide the source of their funds, turning dirty money into clean money.
What this course covers:
- What money laundering is and where the term comes from
- How a laundering scheme actually works
- How money laundering impacts the wider economy
- What the U.S. is doing to stop it
A plain-language introduction for financial institution employees building their anti-money laundering awareness.
System Requirements
See System Requirements in the Coggno Knowledge Base
Author
Frequently Asked Questions
The course explains what money laundering is and where the term comes from, giving learners a plain-language starting point for understanding how a laundering scheme actually works before the series moves into examining money laundering's stages and effects in later modules.
This module covers how criminals found ways to hide the source of funds once the government began tracking large cash transactions, turning dirty money into clean money through a process the course breaks down step by step for financial institution employees.
The course looks at how money laundering impacts the wider economy, connecting individual laundering schemes to broader financial harm and explaining why regulators treat the issue as more than a problem confined to any single bank or transaction.
Learners see what the U.S. is doing to stop money laundering, tying the historical background of the Bank Secrecy Act to the regulatory response described in the course and setting up the deeper look at laundering's structure in the next module.
This course offers a plain-language introduction for financial institution employees building their anti-money laundering awareness from the ground up, using accessible terms before later courses in the series introduce more technical compliance and reporting concepts.
