Why Do You Need BSA/AML Training for Compliance and FIU?
Over the past several years the financial services industry has made significant strides in money laundering detection and prevention. It is imperative that every employee at every financial institution around the world must understand and follow the laws, regulations, policies and procedures that guard against terrorist financing and other types of money laundering. When credit unions are found non-compliant, they may face significant penalties, including large fines and closure. When credit union employees are found non-compliant, they may be banned from the financial industry!
Focus on BSA/AML for Credit Union Compliance and FIU is the solution your organization needs!
What's the Course Like?
Focus on BSA/AML for Credit Union Compliance and FIU will teach your compliance and legal teams everything they need to know about BSA/AML laws in the United States and the relevant BSA/AML policies and procedures. Participants will become engaged in the interactive process with text, graphics, sound and activities that reinforce key learning concepts.
For a full demonstration of Focus on BSA/AML for Credit Union Compliance and FIU, contact one of our qualified representatives by clicking here. Or you can call us toll free at 888.433.2666, internationally at +1.212.631.9400, or email support@bankersacademy.com.
Your Policies. Your Procedures.
Focus on BSA/AML for Credit Union Compliance and FIU is fully customizable. Our modular approach and hands-on exercises, combined with our experiences with bank customers, products, policies and procedures, allows us to quickly and efficiently create training specifically tailored to what your people need to know.
For more information on customizing Focus on BSA/AML for Credit Union Compliance and FIU to meet your training needs click here. You can also call us toll free at 888.433.2666 or internationally at +1.212.631.9400.
What’s Covered In The Course?
- The Bank Secrecy Act (BSA)
- Red Flags of Money Laundering
- Currency Transaction Reports (CTRs)
- Suspicious Activity Reports (SARs)
- Monetary Instrument Purchases
- Customer Identification Program (CIP)
- Office of Foreign Assets Control (OFAC)
What Are The Benefits?
- Increased understanding of Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) laws
- Minimized risk to the Credit Union, your employees and your members
- Accurate and compliant transaction processing
- Increased member satisfaction
- More efficient recordkeeping and reporting
Testing, Tracking, Reports And Certification.
Administration and recordkeeping is easy through Learning Link®, Edcomm's own Learning Management System (LMS), or through any third-party LMS. When the Examiners ask, you can provide testing, tracking, reports and certification for each employee.
To learn more about becoming Banker's Academy Certified in Focus on BSA/AML for Credit Union Compliance and FIU, contact one of our qualified representatives by clicking here. Or you can call us toll free at 888.433.2666, internationally at +1.212.631.9400, or email support@bankersacademy.com.
Credit Unions who bought this course also bought...
Since we are required to recertify with an appropriate training program every year we were very impressed to find how up-to-date the Banker’s Academy training program was. The staff is extremely knowledgeable about Compliance regulations and the content was accurate and easy to follow.
B. P.
Bank name withheld
