Summary:

All financial institutions, including credit unions, are required under the Bank Secrecy Act and the USA PATRIOT Act to train frontline staff on anti-money laundering requirements every year. This course, tailored for key business lines, provides your credit union with the full spectrum of training needed to avoid potential money laundering activities.

Never before has money laundering been of so much concern for institutions and regulators alike, and these courses train to maximize compliance with the BSA, the PATRIOT Act, OFAC requirements, and other laws and regulations aiming at striking down these activities.

The course concludes with interactive, real-life scenarios where the student can practice and assess the knowledge and skills taught throughout the course.

CourseTime:

Who Should Use These Courses?

The course is specially developed for credit unions and has its own specific learning market:

New employees, tellers, member service representatives (MSRs), account managers and representatives, check processing staff, wire transfer staff, data processing staff, security operations staff, managers at credit unions

Key Objectives:

• Identifying different money laundering activities
• Explaining credit union and employee liability for non-compliance
• Identifying suspicious activities and responding effectively
• Preparing Suspicious Activity Reports (SARs) and Currency Transaction Reports (CTRs) correctly
• Understanding specific risks facing particular business lines

Software Platform:

NETg SkillBuilder

Plug-ins:

None

Accreditation:

NASBA credits: 3 CPE credits per course
CEU credits: 0.30 CEUs per course