Bank Secrecy Act Basics: 02. Money Laundering 101
Learning objectives
- To gain an understanding of money laundering.
Course overview
Congress passed anti-money laundering laws to keep “dirty” money, or money gained through criminal activity, out of the banking system. These laws give law enforcement officials the tools they need to find and arrest criminals and terrorists. These laws also make it very difficult for criminals to spend the money that they make.
The individuals involved in the development and promotion of this course do not receive any compensation or financial benefits outside of their regular employment for their work on this course.
- 5 minutes
- Format: Video
- English