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Money Laundering in The Real Estate Industry


Course Type: Elective
Credits: 3

Instructor: Stephen P. Pingree, J.D.

A new, as of September 13, 2012 three (3) unit CE course for all real estate licensees--"Money Laundering For Real Estate Professionals". Taught by and IRS Special Agent and a Criminal Defense Attorney & Real Estate Broker. Money is central to all real estate transactions, which are the favorite vehicles of laundering illegal money. The course focuses on the "Red Flags" that may occur in any real estate transaction so that the licensee may avoid becoming ensnared in "The Crime of the 21st Centurty".

Money Laundering prosecutions have become the Government's #1 priority to combat over 250 "Specified Unlawful Activities" (SUA) including terrorism. The Bank Secrecy Act and The Patriot Act impose increasingly complex laws and compliance regulations on "Financial Institutions". Real estate licensees in all their transactions are subject, in one way or another, to these laws and regulations. In the end violations of these laws cause great financial and emotional consequences for not only agents, but the Consumers.

The object of this Money Laundering in the Real Estate Industry course is not to teach the laws in great detail. The course will give the real estate licensees a familiar awareness and knowledge of the statutes and regulations, and how they effect real estate activity. The course will focus on the variety of ways, using actual Hawaii case examples, money laundering schemes are used in real estate transactions. The "walk away" objective is that the licensee will learn to recognize the "Red Flags" that alert them to potential criminal activity. Upon recognition of a Red Flag the licensee will know how to avoid becoming involved, and how to take appropriate steps to protect themselves and their clients: the Consumers.

This course is not currently being offered, please check back later.




Please note:The REC has a new ruling that agents can take the same CE class every other biennium which is different from the old law that stated that agents could never repeat the same class.
>> Check your credited course history and CE status.

If you have further questions or concerns about any material listed here please contact Abe Lee Seminars using any method listed below.

US Mail:
Abe Lee Seminars
1585 Kapiolani Blvd. Suite 1518
Honolulu, Hawaii 96814
Email for more information:
pj.delanoza@abeleerealty.com
Email to contact Abe:
abelee1948@gmail.com
Phone / Fax:
1-808-942-4472 Phone
1-808-988-8077 Fax