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