Learn how to detect and report the unusual activity in real estate transactions.
The topic will focus on the techniques currently being used by money launderers in the real estate area, particularly when foreign entities purchase US real estate. We will detail effective techniques for due diligence in foreign real estate transaction designed to detect unusual or suspicious activity. In addition, we will review strategies for properly reporting suspicious activity.
Credit
More Program Information
Why Lorman?
Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Agenda
Introduction
- Introduction of the Topic
- The Reasons That This Is a "Hot" Topic in the Area of BSA Is That the Real Estate Market in Several Large Cities Continues to Be Strong and an Attractive Means to Launder Money
Background
- A Brief Review of the BSA/AML Laws and What It Is That They Are Designed to Do
- Discussion of the Ways That Money Is Laundered and the Reasons Why (e.g. to Fund Terrorism, Drugs, etc. )
- Description of the Regulatory Environment for BSA/AML
- We Describe the Major Players Who Create the Regulations and Requirements in This Area
FinCEN Targeting Orders
- GTO (Geographic Targeting Orders) Are the Main Drivers for the Need to Do Due Diligence on International Transactions
Real Estate as a Money Laundering Tool
- The Reasons Why Real Estate Is Often Sought out by Money Launderers
- A Typical Real Estate Transaction
- Various Strategies That Are Used to Launder Money Through Real Estate
- PEPS
- Straw Buyers
- Shell Companies
- Complex Transactions
International Buyers and Real Estate
- Who Are the Buyers and What Do They Want?
- International Rules That Impact the RE Market
Due Diligence
- What Should You Be Looking for?
- Effective Due Diligence Programs
- Uniform Beneficial Ownership Rule
- Getting Complete Information
- The Best Practices for Getting Complete Information
- Knowing Your Customer
Suspicious Activity
- How to Recognize Suspicious Activity
- What to Do About Suspicious Activity
- Practical Steps to Perform
Examples of Money Laundering
- Example One -Described and What to Look for
- Example Two- Same as Above
Review and Recap
- Highlights of Best Practices and Points to Remember
Credit
More Program Information
Why Lorman?
Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Credits
OnDemand Course
This course was last revised on October 29, 2018.
Call 1-866-352-9540 for further credit information.
- CA MCLE 1.25
- Lorman Business Center, LLC. is a State Bar of California approved MCLE sponsor and this course qualifies for 1.25 CLE hours of participatory credit.
- WA CLE 1.25
- This program has been approved by the Washington State Board of Continuing Legal Education for 1.25 hours of A/V credit under the Law & Legal Procedure category.
To earn each credit Lorman offers through the OnDemand learning platform, you need to watch 100% of the program. Also, for certain credits you will need to fulfill additional requirements which will be displayed on the "credits" tab when viewing the course.
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
Credit
More Program Information
Why Lorman?
Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Faculty

James DeFrantz, CRCM, CAMS, J.D.
Virtual Compliance Management
- 30 years of experience in financial service regulatory compliance
- Worked with money service businesses in the United States and internationally, including consulting with money remitters, Fintech lenders and foreign exchange firms
- Specialist in compliance in consumer and real estate lending, BSA, CRA, Fair Lending, consumer operations, non-deposit investment products, Note Department operations, and assessment of ALL and credit approval process
- Served as a senior compliance examiner at the Federal Reserve Bank in San Francisco, as an analytical manager at the Office of Thrift Supervision, and as a commissioned national bank examiner at the Office of the Comptroller of the Currency (OCC)
- Certified Regulatory Compliance Management and Certified Anti- Money Laundering Specialist
- J.D. degree, concentration in banking and finance, University of San Francisco; B.A. degree, Dartmouth College; certificate from the Pacific Coast Banking School of Bank Management
Credit
More Program Information
Why Lorman?
Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

All of your training, right here at Lorman.
Pay once and get a full year of unlimited training in any format, any time!
- Live Webinars
- OnDemand Webinars
- MP3 Downloads
- Course Manuals
- Audio Recordings*
- Executive Reports
- White Papers and Articles
- Sponsored Live Webinars
Additional benefits include:
- State Specific Credit Tracker
- Members Only Newsletter
- All-Access Pass Course Concierge
* For audio recordings you only pay shipping
Questions? Call 877-296-2169 to speak with a real person.
Access to all training products for one year
$699/year
Unlimited Lorman Training
With the All-Access Pass there is no guessing what you will need for your yearly training budget. $699 will cover all of your training needs for an entire year!
Easy Registrations
Once you purchase your All-Access Pass you will never be any further than one-click away from attending any Lorman training course.
Invest in Yourself
You haven't gotten to where you are professionally by luck alone; it's taken a lot of hard work and training. Invest in yourself with the All-Access Pass.