Anti-Money Laundering (AML) Online Course

$129.00

Availability: In stock

This course highlights the process and timing required for detection and reporting.


In 2012, non-bank lenders, including mortgage lenders, were required to comply with provisions of the Bank Secrecy Act and Patriot Act. The rules required implementing an anti-money laundering program that includes the reporting of suspicious activity to the Financial Crimes Enforcement Network (FinCen). This course is designed to help your production staff identify what activities are considered "suspicious" under the law as well as their specific responsibilities when an activity is detected. This course will help you meet the training requirements set forth in the anti-money laundering rules.  You will also gain an understanding of the specific sections of the federal laws pertaining to anti-money laundering such as the Bank Secrecy Act and the PATRIOT Act. In addition, you will learn about employee confidentiality and legal obligations as well as all the components of reporting suspicious activity. Topics covered include AML, Currency Transaction Reports (CTR), Suspicious Activity Reports (SAR), BSA, and the PATRIOT ACT.

Description

Details

Course Format

  • Online Self-paced
  • Fully Interactive
  • All Course Material Included * Certificate of Completion provided


Who Should Attend

This training is useful for ALL mortgage professionals including loan officers and brokers.


System Requirements

  • A functional computer with audio playback capability
  • A fast and consistent wired or wireless Internet signal (DSL or higher - dial-up connections not recommended)


Group pricing available: Contact for details
Why an Anti-Money Laundering Course?

Anti-Money Laundering (AML) and Suspicious Activity Reporting (SARs) is fairly new to mortgage bankers and brokers. This course highlights the process and timing required for detection and reporting.

In 2012, non-bank lenders, including mortgage lenders, were required to comply with provisions of the Bank Secrecy Act and Patriot Act. The rules required implementing an anti-money laundering program that includes the reporting of suspicious activity to the Financial Crimes Enforcement Network (FinCen). This course is designed to help your production staff identify what activities are considered "suspicious" under the law as well as their specific responsibilities when an activity is detected. This course will help you meet the training requirements set forth in the anti-money laundering rules. You will also gain an understanding of the specific sections of the federal laws pertaining to anti-money laundering such as the Bank Secrecy Act and the PATRIOT Act. In addition you will learn about employee confidentiality and legal obligations as well as all the components of reporting suspicious activity. Topics covered include AML, Currency Transaction Reports (CTR), Suspicious Activity Reports (SAR), BSA, and the PATRIOT ACT.

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