2023 BSA/AML Back Office Training

Description

All financial institutions are required to provide BSA/AML training tailored to each department’s job functions. AML-ology has created a BSA/AML training that enables you to give your Back Office Personnel an overview of the basics of BSA and understand their role in preventing money laundering and terrorist financing within your institution. 

Since all the departments of financial institutions need the same basic material, the slides are similar in nature with a specific focus for the Back Office. However, in the recorded/live presentation, our trainer will tailor the entire slide deck to the Back Office responsibilities as compared to the Front Line or Lenders.  

What is Included? 

Note: Divider Slides are not included in the slide count. 

Focus of BSA – 17 Slides 

• FinCEN Priorities –10 Slides 
• Overall Expectations – 3 Slides
• Fraud vs. Money Laundering – 3 Slides 
• How Much Money is Laundered Each Year? – 1 Slide

Hot Topics for 2023 – 14 Slides 

• Beneficial Ownership – 3 Slides 
• Identity Theft/Synthetic ID Theft – 3 Slides
• Deepfakes & Tech Ecosystem – 3 Slides 
• Check Fraud – 2 Slides 
• Other Serious Crimes – 1 Slide 
• Source of Funds – 1 Slide 
• Sanction Risk – 1 Slide 

Red Flags for the Back Office – 8 Slides 

• ML/TF Red Flags for Wire Transfers – 2 Slides 
• General Wire & ACH Red Flags – 1 Slide 
• OFAC Key Information – 4 Slides 
• Importance of Communication – 1 Slide
  

Conclusion – 5 Slides 

• Questions – 1 Slide 
• Company Overview – 3 Slides
• Speaker Contact Information – 1 Slide