This course combines the content of IPSG 8581 and 8582 into one course. Topics covered include the three typical stages of money laundering (placement, layering, integration), how to spot “red flag” indicators, trade-based money laundering techniques (false trade invoicing, use of high-value metals, black market peso exchange), misuse of informal value transfer systems, monitoring politically exposed persons, FIU’s and the Egmont Group, global anti-corruption compliance and enforcement, sources and methods of terrorism financing, sanctions violations, the roles of the UN and FATF, the USAPatriot Act, 3rd European Union Directive, data security, and detection of cyber financial crime. Capital flows and payment methods will also be scrutinized, so an introductory Macroeconomics course is _strongly_ recommended.

This course serves as a prerequisite for IPSG 8583 and 8584, and IPSG8662. Students who have already taken IPSG8555 may _not_ take this course.