Description
* Please note that the recording access will be delivered to you via a downloadable document in your confirmation e-mail. The materials that corresponds with the recording will be automatically delivered upon purchasing via email from the website.
Financial institutions play a critical role in detecting and preventing financial crimes. This session provides a clear, practical introduction to Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) compliance—equipping participants with the knowledge needed to identify risks and fulfill regulatory responsibilities with confidence.
By the end of this on-demand session, you will be able to:
- Understand the purpose and scope of BSA/AML regulations
- Recognize key money laundering and terrorist financing risks
- Identify core components of an effective AML compliance program
- Understand employee roles and responsibilities in maintaining compliance
- Apply basic concepts to real-world scenarios
Topics
- Introduction to BSA/AML
- Overview of BSA and AML laws
- Regulatory framework and governing bodies
- Why compliance is critical
- Understanding Money Laundering
- Stages of money laundering: Placement, Layering, Integration
- Common techniques and red flags
- Emerging risks and trends
- AML Compliance Program Essentials
- The Five Pillars of BSA/AML Compliance:
- Internal controls
- Independent testing
- Designated BSA officer
- Training programs
- Customer due diligence (CDD)
- Customer Due Diligence (CDD) & Know Your Customer (KYC)
- Customer identification and verification
- Beneficial ownership requirements
- Risk-based approach to customer monitoring
- Suspicious Activity Monitoring & Reporting
- Identifying suspicious behavior
- Currency Transaction Reports (CTRs)
- Suspicious Activity Reports (SARs)
- Reporting timelines and requirements
- Roles & Responsibilities
- Employee accountability
- Escalation procedures
- Building a culture of compliance
You will leave with:
- A solid understanding of AML fundamentals
- Awareness of regulatory expectations
- Practical tools to identify and report suspicious activity
- Increased confidence in fulfilling compliance responsibilities
* Please note that the recording access will be delivered to you via a downloadable document in your confirmation e-mail. The materials that corresponds with the recording will be automatically delivered upon purchasing via email from the website.
