Understand the key anti-money laundering requirements and make sure you stay compliant.
This program will cover the basic framework for anti-money laundering compliance under the Bank Secrecy Act. You will gain an understanding of the key requirements for finan-cial institutions, and learn about the role of line of business employees in the institution's overall anti-money laundering compliance function. The topic will also provide an over-view of some of the most recent policy developments in this space.
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Agenda
BSA/AML Background
- The Bank Secrecy Act
- The Anti-Money Laundering Act of 2020 and the Corporate Transparency Act
Overview - Elements of Customer Due Diligence
- Customer Identification and Verification
- Risk Assessment
- Customer Monitoring
- Recordkeeping and Retention
Customer Identification and Verification
- The Customer Identification Program (CIP) Rule
- Customer Due Diligence/Beneficial Ownership Rule
- Customer Risk Profiling
- Enhanced Customer Due Diligence
Risk Assessment
- Customer Profile
- Customer Contact Channel
- Country/Geographic Region
- Product/Service
- Transaction Type
- External Risk
Customer Monitoring
- Risk-Based Monitoring
- Suspicious Activity Reports
Recordkeeping and Retention
- Record Retention Requirements
Other Issues
- Technology (Artificial Intelligence and Machine Learning)
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More Program Information
Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Credits
OnDemand Course
This course was last revised on January 10, 2024.
Call 1-866-352-9540 for further credit information.
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
Audio & Reference Manual
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Faculty
Jules Carter
Moore & Van Allen PLLC
- Associate in Moore & Van Allen PLLC’s Litigation group
- Practice is focused primarily on complex commercial litigation and financial regulatory compliance issues
- Financial regulatory experience includes helping financial institution clients respond to regulatory enforcement actions and address the supervisory concerns of state and federal banking authorities
- Assists clients in their recovery and resolution planning efforts
- Involved in significant efforts related to AML/CFT and is a member of the Association of Certified Anti-Money Laundering Specialists (ACAMS)
- Full bio may be found here: https://www.mvalaw.com/people-JulesCarter
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More Program Information
Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
All of your training, right here at Lorman.
Pay once and get a full year of unlimited training in any format, any time!
- OnDemand Courses
- Live Webinars
- MP3 Downloads
- Course Manuals
- Executive Reports
- White Papers and Articles
Additional benefits include:
- State Specific Credit Tracker
- All-Access Pass Course Concierge
Questions? Call 877-296-2169 to speak with a real person.
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