Essential AML Training
Seminar DescriptionAttendees engage in a money laundering “ride-along” with AML law enforcement insider, Kevin Sullivan, CAMS, taking them through the money laundering cycle with emphasis on key areas of a quality AML program. We’ll help attendees reduce the risk of illicit funds infiltrating their company by giving them the ability to identify common methods bad guys use to bypass the various lines of defense provided by AML programs. We’ll cover the laws and regulations stipulated by the BSA, US Patriot Act, FATF, and Sanctions. We’ll identify best practice policies and procedures of those laws and regulations including KYC, CDD, and Transaction Monitoring. We’ll also review areas of vulnerability and the principles of risk management. We’ll provide tips on writing a SAR narrative and guide attendees along the path of a SAR from the moment an alert has been triggered full circle through to how Law Enforcement utilizes SAR reports. By covering the how and why information is shared with law enforcement and what law enforcement does with that information, attendees gain more understanding of how and why their AML efforts help to identify, investigate, and circumvent financial crime and terrorism as well as protect their institution from risk and the potential of a damaged reputation. Attendees receive AML training Certificates of Completion.
ObjectiveThe Anti-Money Laundering (AML) Training Academy courses provide specialized AML training to all industries, agencies, and governments who are the front line gatekeepers of our global economy. Our courses deliver the annual training requirements of the Bank Secrecy Act through targeted training from a 30 year AML veteran covering AML regulations and best practice policies and procedures.
Who Should Attend:Institutions or individuals wanting to enhance the performance of their AML programs Institutions or individuals seeking to improve their AML knowledge and the application of AML policies and procedures
AML professionals requiring mandated training Individuals wanting to transition into an AML profession Individuals seeking certification credits.