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FBO - Foreign Correspondent Bank Accounts

Course Description

This course explains why foreign correspondent accounts pose money laundering risks to your branch/agency. The course also discusses the BSA and USA PATRIOT Act requirements that you must follow for foreign correspondent banking transactions. At the end of the course, you will be asked to apply what you have learned in a case study scenario.
20 Minutes
Series: Foreign Branch Office (FBO) for Banks, Foreign Branch Office (FBO) for Credit Unions
Roles: Asset Management, Board of Directors, Commercial, Compliance - External Audit, Compliance - Internal Audit, Operations & IT, Retail
Course Format: Online Self-Paced

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