Description
Details
40min | Credits: 1 CAFP, CRCM |
Explains the importance of policies, procedures, and processes in place for staff to identify, evaluate, and monitor and report potentially suspicious activities. Describes information sharing inquiries from law enforcement and between organizations and agencies, as well as the BSA’s record keeping requirements.
Audience: All candidates studying for the CAFP certification; new BSA/AML employees (Including those in banks, examiners, and consultants); new compliance officers (or any senior leader) with BSA/AML responsibilities reporting up through them; fraud Department employees looking to expand their knowledge of BSA/AML
Learning Objectives
After completing this course, students will be able to:
- Explain the responsibility of financial institutions in the BSA suspicious activity reporting system
- Describe procedures for suspicious activity monitoring
- Describe the processes involved in properly reporting suspicious activity