2009 Course Catalogue - ffiec

Anti-Money Laundering (AML) Workshop
Summary
The Anti-Money Laundering Workshop is offered
to examiners both as an agency-only school and
through the FFIEC as an interagency school. It
was developed by the FFIEC member agencies.
Objectives
At the conclusion of the school, examiners should be
able to:
• Recognize potential money laundering risks
confronting financial institutions
• Assess the adequacy of financial institution
policies, procedures, and practices in
complying with Anti-Money
Laundering/Bank Secrecy Act Programs
• Maintain up-to-date knowledge of
regulations and significant trends related to
anti-money laundering through contacts
provided
Target Audience
The Anti-Money Laundering Workshop is
designed for participants with examination
knowledge of the Bank Secrecy Act and related
regulations and experience in reviewing a
financial institution’s BSA program for
compliance. A minimum requirement is to be
familiar with Anti-Money Laundering review
procedures, but experienced subject matter
experts should NOT attend.
Length
The 3½-day classroom portion includes lecture
and interactive case studies. It begins on Tuesday
at 9:00 a.m. and ends Friday at 12:00 noon. The
CD contains reference material and will be
distributed at the conclusion of the class. The
normal class day is 8 hours.
Pre-Course Study
The examiner's Washington training office will
mail pre-course reading material to be completed
before attending. This will be mailed
approximately 4 weeks in advance of the session.
The pre-course work should take no more than 2
hours to complete.
Course Content
The course is a mix of agency specialist
instruction, interactive case studies, and guest
speaker lectures. The course provides a basic
knowledge of the following topics related to
Bank Secrecy Act and Anti-Money Laundering
compliance:
• examination procedures, including scoping
and planning and risk assessments;
• customer identification program and due
diligence;
• electronic funds transfer;
• nonbank financial institutions, including
money services businesses (MSBs);
• foreign correspondent banking;
• private banking;
• Suspicious Activity Reports (SARs);
• monitoring and reporting processes;
• the requirements of the Office of Foreign
Asset Control (OFAC);
• Financial Crimes Enforcement Network
(FinCEN) overview; and
• Terrorist financing.
FFIEC Course Catalogue • 2009 • Examiner Programs 5