This course is designed for registered agent of money transmitters. The course begins with a review of basic anti-money laundering concepts and then shifts to the agent’s role in preventing, detecting and reporting suspicious activities that may point to illegal money laundering. The course concludes with a case study relating to an agent’s failure relating to SAR.

Key course highlights:

• AML Background
• US Anti-Money Laundering laws
• Risk-Based AML Programs
• What is Money Laundering?
• Customer Identity Verification
• Documentary and Non-Documentary Verification
• Customer Due Diligence and Risk Assessment - Detecting and reporting Red Flags
• Case Study

This course is designed for tellers, operational staff, compliance personnel and any other employee working directly or indirectly with the banking industry. This course provides basic background information on U.S. money-laundering laws and international anti-money laundering efforts. It also discusses actions bankers can take to better identify and manage risks associated with money laundering and terrorist financing.

Key course highlights:

• Overview of Money Laundering
• The Bank Secrecy Act
• BSA/AML Compliance Program
• What Banker Can Do Help
• Customer Identity Verification
• High-Risk Customers
• Money Laundering Red Flags
• Terrorist Financing Red Flags
• Reports and Records

Anti-money laundering regulations (AML), including Know Your Customer (KYC) requirements, are hardly a new concept in the world of financial services. Over the years, financial institutions have largely mastered the mechanics of compliance. However, money laundering has become more sophisticated with the rise of innovative technologies. In parallel, anti – money laundering regulatory landscape continues to evolve and expand. This dynamic and complicated operating environment requires financial institutions to have their BSA/AML compliance program to be assessed and improved as well as to have their employees to be trained on an on going basis in order to avoid being targets of money laundering, terrorist financing and in order to comply with BSA/AML regulations. This 2-day program covers in detail the broad range of topics included in the realm of the Bank Secrecy Act.

Key course highlights:

• Overview of Regulatory and Statutory Components of BSA
• Establishing the Appropriate Culture of Compliance
• Establishing a Risk – Based Compliance Program, including Program of Identifying and Classifying Your Clients
• Implementing the Beneficial Ownership and Customer Due Diligence Requirements
• Suspicious Activity Reporting – the Form and the Process
• Identifying High-Risk Customers/Members;
• Surviving the Inter-Agency BSA Examination
• Completing the Currency Transaction Report;

Anti-money laundering regulations (AML), including Know Your Customer (KYC) requirements, are hardly a new concept in the world of financial services. Over the years, financial institutions have largely mastered the mechanics of compliance. However, money laundering has become more sophisticated with the rise of innovative technologies. In parallel, anti – money laundering regulatory landscape continues to evolve and expand. This dynamic and complicated operating environment requires financial institutions to have their BSA/AML compliance program to be assessed and improved as well as to have their employees to be trained on an on going basis in order to avoid being targets of money laundering, terrorist financing and in order to comply with BSA/AML regulations. This 5 - days course provides a comprehensive and practical analysis of Money Laundering schemes, Anti-Money Laundering legislations, and counter-measure techniques and implementation, in order to set up and maintain a comprehensive and efficient AML Program to protect your organization from being a target of money laundering and to avoid being fined due to violations of AML regulations.

Key course highlights:

• Money laundering risks associated with new technologies
• Anti – money laundering trends and regulations update
• Anti – money laundering program satisfying U.S. and International AML Control Standards
• Concepts and logics to build an AML control standards
• Response to changes of new money laundering schemes and regulations evolving