Introduction

Money laundering and tax evasion are closely linked financial crimes that undermine economic stability and regulatory integrity. As governments strengthen anti-money laundering (AML) laws, tax professionals, financial institutions, and businesses must ensure compliance with AML regulations, detect suspicious tax-related activities, and prevent financial crimes.

This 5-day Anti-Money Laundering (AML) in Taxation course provides a comprehensive understanding of AML compliance, tax fraud prevention, and financial crime risk management. Participants will gain expertise in identifying tax-related money laundering schemes, reporting suspicious transactions, and aligning with global AML standards.

Course Objectives

By the end of this course, participants will be able to:

• Understand the intersection between taxation, money laundering, and financial crime.
• Identify red flags and suspicious activities related to tax fraud and money laundering.
• Comply with global AML regulations, including FATF, FinCEN, and EU AML directives.
• Develop AML tax compliance policies for businesses and financial institutions.
• Engage in risk assessment, transaction monitoring, and reporting procedures.

Who Should Attend?

This course is ideal for:

• Tax professionals, accountants, and auditors
• Compliance officers and risk management professionals
• Corporate tax managers and financial crime investigators
• Banking and financial service professionals
• Government tax enforcement and regulatory bodies

No prior AML experience is required, but familiarity with tax compliance and financial transactions is beneficial.

Course Outline

Day 1: Fundamentals of AML & Tax Evasion Prevention

• Overview of money laundering and tax evasion
• How tax systems are exploited for financial crimes
• Global AML frameworks: FATF (Financial Action Task Force), FinCEN, EU AML directives
• Understanding beneficial ownership, shell companies, and offshore tax havens
• The role of tax authorities and financial institutions in AML compliance

Workshop: Identifying tax-related money laundering schemes in real-world cases

Day 2: AML Compliance & Tax Risk Management

• Understanding Customer Due Diligence (CDD) and Know Your Customer (KYC) requirements
• High-risk industries and tax fraud vulnerabilities
• AML compliance in corporate taxation, trusts, and real estate transactions
• Tax implications of cryptocurrency and digital asset laundering
• Implementing AML controls and internal tax compliance frameworks

Case Study: Reviewing a high-risk tax transaction for money laundering indicators

Day 3: Transaction Monitoring & Reporting Suspicious Activity

• How to detect suspicious tax-related financial transactions
• AML transaction monitoring and automated fraud detection tools
• Understanding Suspicious Activity Reports (SARs) and Currency Transaction Reports (CTRs)
• AML reporting obligations for tax professionals, banks, and businesses
• Collaboration between tax authorities, law enforcement, and financial regulators

Workshop: Drafting a Suspicious Activity Report (SAR) for a tax fraud case

Day 4: International Tax Crimes, Sanctions, and Enforcement

• How offshore tax evasion, trade-based money laundering, and transfer pricing abuses occur
• The impact of economic sanctions, FATCA, and Common Reporting Standard (CRS)
• Tax crime enforcement: OECD, IRS Criminal Investigation, and global cooperation
• The role of Interpol, Europol, and financial intelligence units (FIUs) in tax fraud investigations
• Managing AML and tax compliance in multinational corporations

Case Study: Analyzing the Panama Papers and its impact on global tax regulations

Day 5: Future Trends in AML & Digital Tax Compliance

• The rise of digital currency AML risks (crypto mixing, DeFi, NFTs)
• AI-driven AML tools for real-time fraud detection and tax compliance
• Strengthening corporate tax governance with AML best practices
• The future of digital taxation and automated reporting
• Developing an AML compliance framework for tax professionals and businesses

Capstone Exercise: Designing an AML risk management policy for a tax firm or financial institution

Conclusion & Certification

Participants who complete the course will receive a Certification in AML Compliance & Taxation, demonstrating expertise in financial crime prevention, tax fraud detection, and AML risk management.

Program Benefits

• Comprehensive Coverage – Covers AML compliance, tax fraud detection, and reporting obligations.
• Hands-On Learning – Includes case studies, real-world scenarios, and risk assessments.
• Regulatory Compliance Confidence – Stay compliant with global AML and tax regulations.
• Risk Mitigation Strategies – Learn how to identify, prevent, and report financial crimes.
• Future-Proof Knowledge – Stay ahead of emerging AML threats in digital finance and taxation.