Home > Training > Courses > Financial Institution Management & Value Creation  
   
 
BSA / AML COMPLIANCE FOR AUDITORS
 
     
  Summary Description  
 

This course covers the key BSA/AML rules and regulations and the implementation requirements that define the necessary controls (policies, procedures, processes, systems, and controls) for a bank to mitigate the risks associated with money laundering and terrorist financing.  The course focuses on account opening KYC/CIP processes and procedures; OFAC regulations and FinCEN 314(a) information request 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.

BSA/AML seminars are delivered through class discussions, role playing as well as team exercises using short scenarios and case studies.

 
     
  Target Audience  
  Auditors as well as Compliance personnel of foreign banks with operations in the U.S.  
     
  Main Topics  
 

At the end of the course, participants will be able to:

 Describe key concepts such as KYC, CIP, willful blindness, and
  enhanced due diligence
 Recognize the weaknesses of internal control and compliance programs in
  institutions that have been penalized
 Evaluate a Know Your Employee (KYE) Program
 Analyze the implementation of the key reporting, recordkeeping, and retention
  requirements to comply with BSA/AML rules and regulations – CTR, SAR,
  CMIR, FBAR, Travel Rule
 Assess the policies and procedures to comply fully with OFAC regulations –
  screening new accountholders and parties to a transaction as well as
  monitoring and updating the OFAC list
 Evaluate the policies and procedures to fully comply with FinCEN 314(a)
  information request and Section 311
   Describe the key elements of the Bank Secrecy Act Anti-Money Laundering
  Examination Manual
 Apply the key points in Section 312 about due diligence in private and
  correspondent banking, and describe the characteristics of politically exposed
  persons and other high-risk customers
 Assess the bank’s money laundering risk based on its clients, geographic
  locations, and products and services
 Determine if the BSA/AML Compliance program is commensurate with the
  bank’s risk assessment
 Analyze the contents of a call report
 Evaluate the key processes and corresponding controls for account opening
  and monitoring
 Analyze the investigation process for suspicious activities
 
       
 
  Duration  
  2 - 4 days  
     
   
ABOUT US
Who we Are
Our Team
Vision and Mission
Clients
Global Reach
Partners
SPECIALTY AREAS
Retail & Consumer Banking
Commercial Banking
Corporate & Investment Banking
Wealth Management
Securities Industry
Transaction Banking
Risk Management
Sales & Relationship Management
Basel
Financial Institution 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
 
NEWS FROM GENESIS
CONTACT US
Work with us
International Offices
Contact Form
 
 
 
HOME
 
SOCIAL MEDIA
Facebook    Linkedin
Media Clorians Comunicação