The content for this course is the same as course ID 6621 and is intended to satisfy CE requirements for 2017 or the last year a mortgage loan originator held an active license. Mortgage loan originators who take this Late CE course are prohibited from taking course ID 6621 in 2018.Money laundering is the practice of disguising or concealing the original, illegal source of money. Through the use of straw buyers, property flipping, and other fraudulent schemes, money launderers have found ways to take advantage of the mortgage market to further their efforts. This course will examine the connection between money laundering and the mortgage industry, including specific schemes which may be used by money launderers, red flags of illegal activity, and requirements related to reporting suspicious activity.This course satisfies the one-hour elective continuing education requirement for loan originators, as specified by the federal S.A.F.E. Mortgage Licensing Act. In addition to one hour of elective education, annual S.A.F.E. Act continuing education requirements include three hours of federal law, two hours of ethics, and two hours of nontraditional mortgage lending.