Anti-Money Laundering

Transcription

1 Ati-Moey Lauderig Over the last year, moey-lauderig crimes siphoed a estimated $1.3 trillio out of the global ecoomy.* I light of this staggerig statistic, the resultig striget legislatio is uderstadable. Ati-Moey Lauderig (AML) compliace raks as oe of the most challegig issues for baks. The BakersEdge Ati-Moey Lauderig curriculum takes the guesswork out of this icreasigly itricate legislatio. Comprised of three compoets, the curriculum icludes: Job-specific AML tracks Related case studies Suggested courses BakersEdge courses help us achieve fudametal BSA ad AML traiig objectives, such as keepig up with the latest regulatory chages ad esurig employee accoutability. Excellet! Customer Satisfactio Survey * Cloud to tackle moey lauderig problem. PHYSorg.com. 5 March,

2 Job-Specific AML Tracks Courses i the BakersEdge Job-Specific AML Track target specific skill sets, ad offer a more focused, refied traiig experiece. Each job-specific track features traditioal-legth courses augmeted by 15-miute case studies tailored for each role. The case studies serve as sceario-drive role-playig exercises, where employees may apply what they have leared by participatig i real-world examples. AML Track The AML Track is comprised of five courses that serve as the core AML curriculum. Roud out your AML traiig program by addig the job-specific courses that follow. Ati-Moey Lauderig Lear about the basic methods used by crimials to lauder moey. 34B3R4.0 Bak Secrecy Act 09B3R4.0 This well-rouded course itroduces all ew bak employees to the cocepts ad priciples of the Bak Secrecy Act (BSA). Currecy Trasactio Reportig 91B1R4.2 Explore Currecy Trasactio Reportig (CTR) requiremets, ad a poit-by-poit guide to submittig a report. Suspicious Activity Reportig 95B3R4.2 Review customer idetificatio ad types of suspicious activity; also lear how to submit a report. What are PEPs? C09B3R5.3 This module summarizes the threat of moey-lauderig with a focus o the Politically Exposed Perso (PEP). Explore the risks preseted by PEPs, ad apply kowledge leared i a recet example-drive case study.

3 Teller Track AML for Tellers 134B3R MIN. Lear to idetify possible moey-lauderig attempts ad explore methods tellers ca use to help prevet moey-lauderig from occurrig at their bak. This course also covers the key compoets of a fiacial istitutio s AML policy. Bak employees who facilitate typical teller widow trasactios, such as: Hadle deposits ad withdrawals from deposit accouts Receive paymets o loa accouts Make trasfers from accout to accout Sell cashier s ad teller s checks Assist with balace iquiries Tellers who are resposible for opeig deposit or loa accouts, or assistig with fuds trasfers should also take AML for Customer Service Represetatives (137B3R5.3) or AML for Leders (135B3R5.3). Case Studies Do You Have 30 $100s For 150 $20s? M39B3R MIN. See why a customer s frequet request to exchage large quatities of smaller deomiatio bills for large deomiatio bills may be cosidered suspicious. Little Blue Me M37B3R MIN. Numerous deposits ito a accout by multiple persos other tha the accout holder could sigal suspicious behavior. Martio s Taver & Bak M38B3R MIN. Fid out why ulicesed check cashig through a customer s accout may be detected. You re i the Moey M35B3R MIN. Discover why a customer s uexplaied, sudde wealth may be questioable. Woder Costructio M36B3R MIN. See why the uexplaied ad uexpected purchase ad deposit of moey orders should be cosidered suspicious.

4 Leder Track AML for Leders 135B3R MIN. Lear to idetify possible moey-lauderig attempts, ad itroduce methods leders ca use to help prevet moey-lauderig from occurrig at your bak. Also, explore the key compoets of a fiacial istitutio s AML policy. Loa officers who do ot accept paymets o loa accouts, but who primarily: Review loa applicatios ad accompayig documetatio, Ope loa accouts Aswer questios from loa applicats ad borrowers Compile customer idetificatio iformatio Case Studies Collateral M41B3R MIN. See why a customer requestig a large loa secured by CDs may be cause for cocer. Did You Do these Yourself? M42B3R MIN. Explore why customers presetig fiacials that have ot bee prepared professioally should raise a red flag. I ve Got Frieds i High Places! M43B3R MIN. This case study illustrates how a customer s request to wire loa proceeds to a well-kow politicia with o kow busiess purpose may be cosidered suspicious. The Frech Coectio M40B3R MIN. Fid out why a customer s request to wire loa proceeds outside the coutry may be suspicious. Me ad My Shadow M44B3R MIN. See why leders may wat to be wary of customers who rely heavily o their lawyers whe coductig bakig activities.

5 Operatios Track AML for Directors & Seior Maagers 147B3R MIN. Gai a basic uderstadig of moey-lauderig, ad see what a fiacial istitutio s obligatios are uder the law to try to prevet moey lauderig. Also briefly explore the potetial for software to assist with a istitutio s ati-moey lauderig efforts. AML for Operatios 136B3R MIN. Lear how to idetify possible moey-lauderig attempts ad itroduce methods they ca use to help prevet moey-lauderig from occurrig at your bak. This course also covers the key compoets of a fiacial istitutio s AML policy. Operatios employees who: Have access to a customer s accout records o a wider scale tha access afforded to other bak employees Check reports o same-day trasactios across differet braches ad ATMs Because of their broader access to accout records, these employees have the opportuity to detect certai types of fraud that other employees may ot be able to detect. The BSA resposibilities covered i this course focus o those that are iteded to detect fraud. Case Studies The Pay Off M45B3R MIN. A sudde ad large paymet or payoff of a loa may be used to itegrate illegal fuds, ad should raise a red flag. What s My Lie? M46B3R MIN. Overpaymet of a credit lie or loa may be used to itegrate illegal fuds; see why such activity may be cause for cocer. What Kid of Lauderig Operatio Are You Ruig M47B3R MIN. Durig loa servicig, a suspicious trasactio history may be ucovered ad could idicate moeylauderig. Explore the warig sigs to watch for. AML Operatios Series Who Do You Kow i the Caymas? M48B3R MIN. This case study illustrates how repeated, roud-dollar trasfers to high-risk coutries, such as the Cayma Islads, may idicate possible moey-lauderig. Wire You, Wire Me M49B3R MIN. See how wire trasfers to foreig coutries with a i-comig wire for the same amout closely followig may idicate possible moey-lauderig.

6 Customer Service Track AML for Customer Service Represetatives 137B3R MIN. Lear how to idetify possible moey-lauderig attempts ad explore methods to help prevet moeylauderig from occurrig at your fiacial istitutio. Also, discover key compoets of a fiacial istitutio s AML policy. Customer service represetatives who: Ope deposit accouts Facilitate wire trasfers Fill out currecy trasactio reports Detect ad report suspicious activity Sell cashier s ad teller s checks, ad other moetary istrumets AML Customer Service Represetatives Series: Cadelais Idustries M51B3R MIN. Exercisig due diligece at accout opeig may reveal suspicious activity; fid out how. Curret o Currecy Trasactio Reportig M52B3R MIN. See why a customer with a uusual kowledge or iterest i currecy trasactio reportig may be cosidered suspicious. Do Not Ope Util. M54B3R MIN. If a customer refuses to provide sufficiet iformatio upo tryig to ope accout, discover why you should ot ope a accout. Is There a Mechaic i the House? M53B3R MIN. Explore how due diligece activities may reveal suspicious activity. The Temporary Holdig Patter M50B3R MIN. A i-comig wire for the same amout closely followig o a accout with little regular activity other tha currecy deposits ad wire trasfers to foreig coutries may idicate possible moey-lauderig. Lear what to watch for.

7 Suggested Courses The followig BakersEdge courses support all of the job-specific tracks: Ati-Moey Lauderig 34B3R MIN. This course covers basic methods ad tactics used by crimials to lauder moey, as well as the key compoets of a AML policy. Help employees spot attempted moey-lauderig ad take appropriate actio i respose to this crimial activity. Bak Secrecy Act (BSA) 09B3R MIN. This course itroduces employees to the BSA, a key piece of legislatio that helps the U.S. combat moeylauderig ad other illegal fiacial activity. Explore what types of idetificatio requiremets ad trasactio reports are ecessary to help deter moey-lauderig at your istitutio. Currecy Trasactio Reportig 92B1R MIN. The primary purpose of the BSA is to prevet ad detect moey-lauderig activity through fiacial istitutios ad certai other busiesses i the Uited States. This course focuses o the currecy trasactio reportig (CTR) requiremets of the BSA. Suspicious Activity Reportig 95B3R MIN. The BSA ad other AML laws require that fiacial istitutios provide the govermet with iformatio to help detect, ivestigate ad prosecute moey lauderers. Specifically, the law requires that istitutios: Properly idetify customers whe establishig accouts Report large currecy trasactios Keep records of cash sales of egotiable istrumets Report suspicious activities This module focuses o suspicious activity reportig requiremets. What are PEPs? C09B3R MIN. Iteded for customer service represetatives, private bakers ad commercial accout maagers, this module summarizes the threat of moey-lauderig with a focus o politically exposed persos (PEPs). The risks preseted by PEPs are discussed alog with a recet example as a case study. Related Courses Further ehace your custom traiig program with these related BakersEdge courses: Ati-Terrorism Overview Customer Idetificatio Program (CIP) Ethics for Bakers Frauds & Scams Office of Foreig Assets Cotrol (OFAC) Pretext Callig ad Idetity Theft Security of Customer Iformatio 58B3R4.0 70B3R4.0 63B1R4.0 48B1R4.1 12B3R4.0 35B3R4.0 57B3R4.0