Strengthen your expertise in Anti-Money Laundering (AML) and Bank Secrecy Act (BSA) compliance with our comprehensive training event, AML/BSA Basics and Compliance. This two-hour session is designed for professionals in financial services who are ready to master the essentials of fraud prevention, regulatory requirements, and risk management strategies.
With evolving regulations and increasing complexity in financial transactions, staying compliant is more critical than ever. This interactive, expert-led event provides actionable insights into maintaining robust compliance frameworks while safeguarding your organization’s integrity.
Why Attend?
Earn 2 CPE Credits
This training is NASBA-approved, and participants earn two Continuing Professional Education (CPE) credits, boosting their professional development credentials in auditing and compliance.
Master AML and BSA Compliance
Learn to identify and manage risks, strengthen internal controls, and meet all AML/BSA compliance requirements, ensuring your organization operates within legal and ethical standards.
Identify Red Flags and Prevent Fraud
Recognize suspicious activity, understand structuring techniques, and apply practical tools to detect and prevent money laundering within your institution.
Engage With Industry Experts
Gain valuable insight from seasoned professionals who specialize in financial regulations and risk management.
Key Features of the Training
Interactive Learning: Participate in engaging discussions and get answers to your questions in real time through our live, internet-based format.
Practical Applications: Beyond theory, this course delivers practical strategies for compliance, ensuring your knowledge transitions seamlessly into your day-to-day responsibilities.
Relevant Content: Stay updated on evolving regulations and trends in AML/BSA compliance, including Customer Due Diligence (CDD) and Know Your Customer (KYC) requirements.
What You’ll Learn
This focused program covers everything you need to excel in compliance roles, from foundational concepts to advanced techniques.
AML/BSA Fundamentals: Understand the history, significance, and regulatory requirements of Anti-Money Laundering and the Bank Secrecy Act.
Red Flags and Techniques: Learn about structuring methods, such as micro-structuring and cuckoo smurfing, that are used to launder money.
Regulatory Reporting: Gain expertise in filing Currency Transaction Reports (CTRs) and Suspicious Activity Reports (SARs), critical for compliance.
Customer Due Diligence (CDD) and KYC: Delve into the latest guidelines for vetting customers and ensuring adequate due diligence.
Fraud Detection and Internal Controls: Develop strategies for enhancing controls to detect and mitigate potential fraud risks.
Course Agenda
The training session is structured for maximum impact and learning within a short timeframe. Topics include:
Introduction to AML and BSA:
Explore the fundamental definitions and the role of AML/BSA in financial institutions.
Key Regulatory Requirements:
Overview of the Bank Secrecy Act and USA PATRIOT Act provisions.
Delve into CTRs, SARs, and CDD/KYC requirements.
Managing AML Alerts:
Learn how to handle alerts effectively and investigate suspected cases of money laundering or fraud.
Red Flag Recognition:
Identify common money laundering tactics and fraud schemes, including structuring and identity theft warning signs.
Compliance Challenges and Solutions:
Address modern challenges like false positive alerts, analytic engines, and fraud overlaps with actionable tips.
Q&A and Strategy Development:
Engage directly with instructors to solidify your understanding and apply concepts to real-world scenarios.
Who Should Attend?
This training is ideal for financial professionals seeking to deepen their understanding of compliance and risk management strategies. Targeted participants include:
Compliance Officers and AML specialists
Internal Auditors in financial institutions
Risk management teams and fraud prevention officers
Professionals new to the field or looking to refresh their knowledge
No prior experience or preparation is required, making this course suitable for participants at the basic level.
Session Details
When: Every 6 weeks, Tuesdays, 10 a.m.–12 p.m. CST
Where: Online, live, group-based session
CPE Credits: 2 credits (50 minutes of instruction per credit hour)
Private Training Events: Available for groups of two or more with flexible scheduling options.
Why AML and BSA Compliance Matters
With financial crimes becoming more sophisticated, institutions face increasing scrutiny from regulators worldwide. AML/BSA compliance not only protects your organization from hefty fines but also preserves its credibility in the global financial system.
This course equips you with knowledge and skills to help your institution build a proactive defense against money laundering activities, ensuring ethical operations while contributing to a safer financial ecosystem.
Register Today
Don’t miss the opportunity to enhance your compliance knowledge and skills. These insights aren’t just about meeting regulatory expectations—they’re about creating safer, more transparent processes across the financial sector.
Sign up now for the next session and take the first step towards mastering AML/BSA compliance. Your organization—and your career—will thank you!

AML/BSA Basics and Compliance

$140.00

Quantity

Offered every eight weeks on Monday at 10:00 a.m. to 12:00 p.m. Central Time in two CPE-Credit event.

We can schedule private events on your timetable for two or more attendees.

NASBA Program Disclosure

Program Level of Understanding: Basic
Prerequisites: None
Advance Preparation: None
Delivery Format: Group Internet Based
NASBA Field(s) of Study: Auditing

CPE Credits: 2, based on 50 minutes of instruction per hour
The event covers why money laundering is one of the primary regulatory concerns for any financial institution. The event will cover:

The regulatory requirements that are in place,

The current state of Customer Due Diligence compliance requirements,

How to design internal controls and compliance processes,

Process to create to detect money laundering attempts,

Managing the Investigating of AML alerts,

Analyzing controls improvement options.
Attendees will understand the:

Definition of money laundering

History of money laundering

Red flags of structuring

Red flags of micro-structuring

Red flags of "cuckoo smurfing"

Affects allowing money laundering on the financial institution

Need to communicate with the BSA officer

Red Flags for Identity Theft
The major agenda items within this intense CPE training event are:

Requirements of the Bank Secrecy Act (and related areas of the USA PATRIOT Act)

Customer Due Diligence (CDD)

Know Your Customer (KYC) requirements

Currency Transaction Reports (CTRs) requirements

Suspicious Activity Reports (SARs) requirements

New Customer Due Diligence requirements

Steps specifically required by the regulations

Analytic engines

Current issues and problems

AML and Fraud overlaps

Adaptation by perpetrators

False Positive Problem

Major fraud categories
This CPE Event is a overview program that covers the regulatory requirements and best practices for ensuring compliance in the realm of Anti-Money Laundering (AML) and Bank Secrecy Act (BSA). By attending this event, participants will gain valuable insights into a range of topics, including customer due diligence, internal controls, detecting money laundering attempts, managing AML alerts, and analyzing controls improvement options.

Some of the major agenda items include exploring the requirements of the Bank Secrecy Act, understanding Customer Due Diligence and Know Your Customer requirements, familiarizing oneself with Currency Transaction Reports and Suspicious Activity Reports, and staying updated on new Customer Due Diligence requirements. Additionally, attendees will have the opportunity to delve into topics like analytic engines, current issues and problems in AML and fraud, the overlap between AML and fraud, adaptation by perpetrators, the false positive problem, and major fraud categories.
In the realm of financial compliance, especially concerning Anti-Money Laundering (AML) and the Bank Secrecy Act (BSA), staying informed and educated is paramount. For professionals seeking to deepen their understanding and ensure their practices are up to date, the "AML/BSA Basics and Compliance" event stands as a beacon of knowledge. Here, I've gathered some authoritative sources that will complement your journey through this essential seminar, helping you to navigate the complexities of AML and BSA with confidence and authenticity.

1. Federal Financial Institutions Examination Council (FFIEC): FFIEC provides a variety of educational resources, including the Basic International Banking Self-Study, which offers insights into anti-money laundering measures from an international perspective. While not solely focused on BSA/AML, this resource can broaden your understanding of global compliance issues.

2. Federal Deposit Insurance Corporation (FDIC) - AML Resources: The FDIC offers a comprehensive overview of AML policies, aimed at assisting banks in developing and maintaining effective AML programs. This resource is a cornerstone for any financial professional looking to deepen their understanding of AML frameworks and ensure their practices are robust and compliant.

3. Office of the Comptroller of the Currency (OCC) - BSA/AML Compliance: The OCC's handbook on BSA/AML compliance is an essential guide for national banks and federal savings associations. It provides detailed insights into compliance requirements, risk management practices, and examination procedures. This resource is invaluable for professionals seeking to navigate the regulatory landscape with confidence.

4. FinCEN - Guidance and Advisories: The Financial Crimes Enforcement Network (FinCEN) plays a pivotal role in the United States' efforts to combat money laundering and financial crimes. Their collection of guidance, advisories, and FAQs offers clarity on complex issues, helping institutions to align their practices with current regulations and enforcement priorities.

Securities and Exchange Commission (SEC) - AML Source Tool for Broker-Dealers: For those in the securities industry, the SEC's AML Source Tool is a treasure trove of information. It compiles statutes, rules, and guidance on AML compliance specifically for broker-dealers, facilitating a deeper understanding of the obligations and best practices within this sector.

Financial Industry Regulatory Authority (FINRA) - AML: FINRA provides a wealth of information on AML compliance for firms under its umbrella. From training videos to regulatory notices, this resource supports financial professionals in staying abreast of evolving AML expectations and enhancing their compliance programs.

Each of these sources offers a unique perspective and depth of knowledge in the field of AML and BSA compliance. By engaging with these resources after you attend this Bank Secrecy Act training seminar, you'll gain a well-rounded understanding that not only complements the "AML/BSA Basics and Compliance" event but also enriches your professional practice in meaningful ways.

AML/BSA Basics and Compliance

Details on Event Presentation

CPE Event Highlights

Learning Objectives

Key Issues on the Agenda

Summary of the Subject Matter

Authoritative Sources

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