Internal Operations

*2022 - BSA/AML/OFAC Annual Training - Part 1

Training is one of the Five Core Pillars of a BSA/AML Program. Training is expected to be scheduled on at least an annual basis for all staff, management, and directors, as well as periodic targeted training based on role. Capco’s Annual BSA/AML Training covers high-level topics that all financial institution personnel should know, including recent changes in laws affecting financial institutions, trends, and enforcement actions, as well as more detailed topics such as customer risk assessments, recordkeeping, reporting, and monitoring. The webinar will also broach OFAC compliance requirements. The webinar is presented in two parts, each airing on separate dates.

What We Will Cover in Part 1:
• Definitions of Money Laundering, Terrorist Financing
• Common Money Laundering Methods
• Various Laws Comprising BSA/AML Compliance
• BSA/AML Compliance
• BSA/AML Risk Assessment
• Beneficial Ownership

Who Should Attend: All financial institution staff and management

Air Date: November 3, 2022

Course Hours: 1.25 CRCM, 1.25 CAFP Instructor Name: Diane Banks

  • Annual BSA/AML Training Part 1
  • BSA/AML/OFAC Annual Training - Part 1
Completion rules
  • All units must be completed
  • Leads to a certificate with a duration: 1 year