Home > Training > Courses > Financial Institution Management  
   
 
BANK SECRECY ACT (BSA) / ANTI-MONEY LAUNDERING (AML) COMPLIANCE FOR AUDITORS
 
     
  Summary Description  
  The workshop covers the key BSA/AML rules and regulations and the implementation requirements that define the necessary controls (policies, procedures, processes, and systems) for a bank to mitigate the risks associated with money laundering and terrorist financing. It focuses on account opening processes and procedures, Office of Foreign Assets Control (OFAC) regulations and Financial Crimes Enforcement Network (FinCEN) 314(a) information request in terms of compliance, reporting, recordkeeping and retention requirements, monitoring and investigation processes, BSA/AML compliance program assessment, high-risk customer identification, and due diligence and enhanced due diligence requirements.  
     
  Methodology  
  Presentations, case studies, role plays, group work and classroom discussion  
     
  Target Audience  
  Auditors as well as compliance personnel of foreign banks with operations in the U.S.  
     
  Main Topics  
 
Account opening processes and procedures: Know Your Customer (KYC),
  Customer Identification Program (CIP), willful blindness, and enhanced due
  diligence (EDD)
Internal control weaknesses and compliance programs in penalized institutions
Know Your Employee (KYE) program
Key elements of BSA / AML Examination Manual
Compliance with BSA/AML rules and  regulations: reporting, recordkeeping, and
  retention requirements – Current Transaction Report (CTR), Suspicious Activity
  Report (SAR), Foreign Bank and Financial Account Reports (FBAR), and
  Currency and Monetary Instrument Report (CMIR) Travel Rule
  OFAC regulations compliance: policies and procedures
FinCEN 314(a) information request and Section 311 (Special Measures)
Section 312: due diligence in private and correspondent banking, and
  characteristics of high-risk customers, such as politically exposed
  persons (PEPs)
Bank’s money laundering risk based on its clients, geographic locations,
  and products and services
Bank’s BSA/AML compliance program vs. bank’s risk assessment
Key processes and corresponding controls for account opening and monitoring
Investigation process for suspicious activities
 
       
 
  Duration  
  2 to 4 days  
     
   
ABOUT US
Who we Are
Our Team
Vision and Mission
Clients
Global Reach
Partners
SPECIALTY AREAS
Retail and Consumer Banking
Commercial Banking
Corporate and Investment Banking
Wealth Management
Treasury and Transaction Banking
Risk Management
Sales and Relationship Management
Financial Institution Management
Sustainable Finance
Leadership and Management
TRAINING
Overview
Courses
Delivery Formats
Training Methods
Traning Process
Training Values
Performance Approach
Post Training & Evaluation
Download PDF's
RISK CONSULTING
Overview
Consulting FAQs
Success Stories
 
CONTACT US
Work with us
International Offices
Contact Form
 
 
 
HOME
 
SOCIAL MEDIA
Facebook    Linkedin
Media Clorians Comunicação