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We understand our clients have unique business requirements, so we created flexible training packages to best meet the needs of your financial institution.

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  1. FSC – Detect and Report: Complying with Suspicious Activity Reporting – E3

    The Bank Secrecy Act, or BSA, and its related laws exist primarily to prevent money laundering and other illegal financial activity. To comply with the BSA, all money services businesses, or MSBs, financial institutions, and certain other businesses within the U.S. must be able to detect and report suspicious activity to the Financial Crimes Enforcement Network, or FinCEN. This course defines and identifies several types of suspicious activity and discusses an MSB’s responsibilities for suspicious activity reporting.

    60 Minutes

    Series: Nonbank Financial Services Audit

    Course Type: E3

  2. FSC – Protecting the Front Lines: AML Policy and Procedures – E3

    This course investigates the practical application of anti-money laundering (AML) legislation, policy, and procedures for front-line employees in the financial services industry (MSBs). It explains the AML process and reveals methods for detecting money laundering. Following completion of this course, front-line employees will have a clear understanding of their role in an MSB's AML strategy.

    60 Minutes

    Series: Nonbank Financial Services Audit

    Course Type: E3

  3. FSC – BSA Awareness and Protection ~ E3

    This course explores the Bank Secrecy Act, or BSA. This act strengthens the U.S. government’s efforts to detect and prevent money laundering, terrorist financing, and other illegal financial activity. This course also investigates the components of an anti-money laundering program and the BSA's identification, record-keeping, and reporting requirements.

    60 Minutes

    Series: Nonbank Financial Services Audit

    Course Type: E3

  4. FSC – A Simple Approach to Recordkeeping

    Records are critical to every organization. The information you gather for work is valuable -- you save it, print it, file it, and store it, but rarely do you ever get rid of it. The volume of business records can get so large that it becomes difficult or impossible to find important pieces of information when needed. The costs of preserving records also can be high. In just 30 minutes you will learn the importance of records management and your role in successfully managing the records. While maintaining records is important for retrieval, the BSA requires certain records be maintained depending on the type of MSB creating the records. Upon completion of this course, students will be able to identify the basic requirements of records management, including the importance of records management and penalties for failing to comply with your company's policies, recognize what comprises a record and in what formats records may exist, and be familiar with specific BSA/AML record-keeping requirements based on MSB type.

    30 Minutes

    Series: Nonbank Financial Services Audit

    Course Type: Online Self-Paced

  5. FSC – Am I Registered Properly? The Facts about FinCEN Registration

    Take a look at how FinCEN is tracking and monitoring the existence and activities of Money Services Businesses. Registration requirements exist, but do you know the nuances of them? This 30 minute course will introduce you to the process and provide answers to some common questions regarding registration. Upon completion of this course, students will be able to distinguish the type of business activities that require registration with FinCEN, describe the initial registration process which includes knowing the initial registration period, understanding the timing requirements and completing FinCEN form 107, understand when FinCEN renewals are required and when renewals should be filed with FinCEN, recall the events that trigger re-registration with FinCEN, be familiar with documentation requirements as well as the maintenance of the MSB agent list, as applicable, understand the civil and criminal penalties for violation of the registration requirement.

    30 Minutes

    Series: Nonbank Financial Services Audit

    Course Type: Online Self-Paced

  6. FSC – AML Awareness and Protection

    This course is a must-have for anyone involved in any aspect of a money services business. Money laundering is one of the most serious financial crimes in the U.S., and it can put even the smallest businesses at risk. This course provides a solid overview of anti-money laundering (AML) including definitions, examples, the law, policies, procedures and more. A mere half-hour will provide the essential knowledge of AML and protect yourself and your business. Upon completion of this course, students will be able to understand the concepts of money laundering and terrorist financing, recognize the significant AML laws passed by Congress to combat money laundering and terrorist financing, become familiar with the risk-based approach. recall the four "pillars" of an AML program, and recognize the various requirements of the BSA for MSBs and the corresponding policies and procedures MSBs need to develop and implement.

    30 Minutes

    Series: Nonbank Financial Services Audit

    Course Type: Online Self-Paced

  7. FSC – BSA Awareness and Protection

    The Bank Secrecy Act (BSA) just may be the most familiar and most talked-about law related to banking as well as money services businesses. Don't be the one left in the dark. Whether you are a front-line employee, business owner, or a large corporation - BSA is VIP. In 60 minutes, you will learn the purpose of the law, necessary definitions, the federal enforcement agencies, and be introduced to the importance of a Customer Identification Program, the requirements of a BSA/AML compliance program and much more. Upon completion of this course, students will be able to define money laundering and terrorist financing, describe the Bank Secrecy Act and how it helps fight money laundering and other financial crimes, understand who the Financial Crimes Enforcement Network (FinCEN) is and its role in enforcing the BSA, define the BSA requirements for MSBs, recall the four pillars of a BSA/AML compliance program, recognize the importance of the Customer Identification Program (CIP) and when it is required for MSBs who are also Providers of Prepaid Access, explain the reporting and recordkeeping regulations for MSBs under the BSA, and list exemptions to the BSA record-keeping regulations.

    60 Minutes

    Series: Nonbank Financial Services Audit

    Course Type: Online Self-Paced

  8. FSC – Detect and Report: Complying with Suspicious Activity Reporting

    FinCEN says that suspicious activity reporting (SAR) forms the cornerstone of the BSA reporting system, and is one of the key areas of an MSB examination. Ensure your knowledge on SARs reflects requirements set forth by the federal agencies. In one hour, you will learn necessary information on SAR reporting and how it impacts your business. Upon completion of this course, students will be able to define suspicious activity and suspicious activity reporting, list several types of suspicious activity and provide examples, discuss the reporting requirements concerning suspicious activity and complete a Suspicious Activity Report to be e-filed with FinCEN, and identify suspicious activity correctly and respond appropriately.

    60 Minutes

    Series: Nonbank Financial Services Audit

    Course Type: Online Self-Paced

  9. FSC – Essentials of Risk Assessment

    "Risk" is a significant term to not only understand but to act upon in the money services business industry. This course provides a necessary overview of the risk-based approach to an effective BSA/AML compliance program. It is important. It is necessary. Upon completion of this course, students will be able to recognize the importance and advantages of the risk-based approach, recall the four pillars of an effective BSA/AML compliance program, understand the purpose and benefits of a risk assessment, be familiar with the key risk categories, describe various applications that result from the risk assessment process, and recall best practices for documenting the risk assessment process.

    30 Minutes

    Series: Nonbank Financial Services Audit

    Course Type: Online Self-Paced

  10. FSC – How Transactions Can Actually Harm your Business Without Careful Monitoring

    Transactions are the livelihood of a business. Without transactions, there is no business. It only takes one unusual or fraudulent transaction to cause significant harm. Transaction monitoring is a formal BSA/AML requirement and includes several facets. Uncover the essentials of transaction monitoring in 30 minutes. Upon completion of this course, students will be able to understand what AML transaction monitoring is, recognize the purpose and importance of AML transaction monitoring, recall the different methods involved in monitoring transactions, be familiar with how risk influences the frequency of transaction monitoring, and understand what "red flags" are and how they can help you identify unusual activity.

    30 Minutes

    Series: Nonbank Financial Services Audit

    Course Type: Online Self-Paced