BSA/AML Crooks, Thieves and Red Flags

This anti-money laundering training will describe the reasons and methods of money laundering in financial institutions. This will help attendees to protect themselves from regulatory risk by establishing an effective anti-money laundering system within their financial institution. Also this webinar will explain various types of money laundering and how to identify the red flags of money laundering in an account within your institution.

Why Should You Attend:

You probably have spent huge sums of money and time in learning the Bank Secrecy Act (BSA) regulations, but it is necessary for every employee of a financial institution to possess updated knowledge in detecting and preventing financial fraud or money laundering within their institution. This online training on anti-money laundering will take attendees beyond the basics of Bank Secrecy Act (BSA) regulations to the point of criminal behavior.

This AML compliance webinar will help attendees learn how methamphetamine dealers’ income could be laundered and how criminals try to “launder” their money. It will focus on educating financial institution staff about the types of transactions criminals utilize and criminal financial behavior. This comprehensive tool on anti-money laundering will help you streamline your investigations, to perform due diligence research and to fight fraud in order to protect your organizational assets.

This course has been developed after conversations with the FBI, Department of Homeland Security, Banking Regulators and the Financial Task Force of the DEA.

Learning Objectives:

• High Risk Customers and the BSA/AML Risk Assessment
• What makes a Customer High Risk - Institutional Risk Appetite
• Evaluating and Validating Rating Factors
• Enhanced Due Diligence Considerations
• Can an Institution have too Many or too Few High-Risk Customers
• Sample risk assessment for products and services.
• Systems of internal controls.
• Managing Non-Resident Aliens.
• Documenting and Monitoring a Cash In and Cash Out Report.

Areas Covered in the Webinar:

This banking and financial services training will discuss the following topics:

• Blackmail & Extortion.
• Case Studies from the field.
• Cocaine, Meth and Meth labs in the USA.
• History of money laundering
• How can allowing money laundering affect me/my financial institution/USA?
• How to incorporate BSA training into your financial institution.
• Red flags of micro-structuring
• Red flags of structuring
• Resources available for further study.
• The customer told me that she is hiding money from the IRS, should I tell BSA?
• Various methods for laundering money.
• What are the Red Flags for Identity Theft?
• When do we tell the BSA officer, and what should we use to communicate?
• Why the regulators are so diligent about money laundering.

Who Will Benefit:

This online training on financial fraud detection and prevention will be providing valuable assistance to the following personnel in financial institutions:

• Bank Secrecy Act Officers
• Banking Compliance Personnel
• Branch Management Staff
• Compliance Analyst/Investigators
• Compliance Managers
• Credit Union Compliance Personnel
• District Bank/Credit Union/Financial Institution Managers
• Financial Institution Compliance Personnel
• Financial Institutions Front Line Staff
• Financial Officers
• Operational Managers
• Risk Officers
• Teller Supervisors
• Training Department/Program Professionals