DESCRIPTION:
The Day One: Bank Secrecy Act/Anti-Money Laundering (BSA/AML) Examiner Training is a comprehensive training package for entry-level BSA examiners, as well as seasoned examiners needing a refresher. This program focuses on introducing BSA regulatory compliance and examination.
LEARNING FORMAT:
Online modules and on-the-job applications/next steps; and knowledge assessment.
LEARNING OBJECTIVES:
Upon completion of this course, attendees are able to:
- Understand the history of BSA/AML and related regulations.
- Utilize the FFIEC Bank Secrecy Act/Anti-Money Laundering Examination Manual.
- Identify potential money laundering risks.
- Develop and document a risk-focused exam scope.
TIME COMMITMENT:
- No less than 30 to 60 days to complete the core online content, next steps, and knowledge assessment.
- This is a marathon, not a sprint. The participant is encouraged to take time to complete the learning modules appropriately and not a rush to finish.
LEVEL/TARGET AUDIENCE:
Bank examiners or examiners with a focus on BSA/AML.
CERTIFICATION:
Successful completion of the entire Day One: BSA/AML Examiner Training program satisfies the core training requirement for the Certified Anti-Money Laundering Specialist designation.
COURSE STEPS:
- Complete the Core Online Program
- Complete and submit Next Steps/On-the-Job applications (The Next Steps must be completed within 6 months of taking the online modules)
- Complete a Core Knowledge Assessment. It includes multiple choice and true/false questions. The required passing score is 80% and the final assessment may be taken twice
PRE-APPROVED CREDIT HOURS:
80 CEHs. Hours are subject to change.