Description
AML/CFT Officers often express their frustration that lenders do not take training seriously due to the misconception that money laundering only occurs on the deposit side of the bank. Obtaining buy-in from staff for providing suspicious activity referrals relating to lending transactions can pose a challenge. Also, the AML Program may not adequately identify the systems and reports that are utilized to identify suspicious loan activity, identity theft, or fraud.
In this on-demand session we will explore methods for communicating the importance of AML/CFT to lenders and provide sample materials that you can incorporate into your training program.
Key takeaways:
- Identify barriers to lender participation and attentiveness to training
- Discuss methods of communication to make AM/CFT relevant to issues that impact lenders
- Identify red flags of suspicious activity for loan transactions
- Identify SAR filing requirements for application fraud, identity theft, and other misrepresentations
- Highlight which areas of BSA requirements lending training should focus on
* 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.
