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Anti-Money Laundering

Anti-Money Laundering (AML) Training Courses

Get training to meet your Anti-Money Laundering / AML compliance training requirements.

Banks are required to have processes that determine which transactions are potentially suspicious and implement a strong BSA and AML compliance program that uses comprehensive Customer Due Diligence (CDD) policies, procedures, and processes for all customers, particularly those that present a higher risk for money laundering and terrorist financing.

What Is The Anti-Money Laundering Act?

Money laundering is a process where criminals attempt to conceal illegally obtained funds by transferring into or through banks or legitimate businesses. By doing so, the criminals can then spend or use the money without raising suspicion. The three stages of money laundering consist of:
  • Placement: The movement of cash from its source via means such as currency smuggling, bank complicity or the blending of funds
  • Layering: Implementing various techniques that make it more difficult for law enforcement to follow the trail of illicit funds
  • Integration: The process of moving the laundered money into the economy and through the banking system by means such as property dealing and fraudulent loans
Congress passed the Bank Secrecy Act (BSA), often referred to as the anti-money laundering law (AML), in 1970 to enable U.S. banks to help government and law enforcement agencies detect and prevent money laundering activities. The BSA includes a series of implementing regulations known as anti-money laundering rules. FINRA Rule 3310 lists the standards that a bank must adhere to maintain compliance with the AML rules. Firms that do not comply could face significant financial, and in some cases, criminal penalties.

What You'll Learn From Our Anti-Money Laundering Training Courses

The AML rules can be confusing, and updates occur frequently, so effective AML compliance training is essential for keeping current, staying in compliance, and avoiding fines.

Our anti-money laundering training courses will help you to better understand the what's, how's, and preventitative measures for money laundering, including red flags, customer due diligence, and information-sharing policies. They may also help you meet anti-money laundering / AML certification requirements in your state.

Specifically, you will learn:
  • The various red flags of money laundering
  • The criteria that constitutes a high-risk person, product or service, and geographic location
  • Customer Due Diligence (CDD)
  • Information Sharing
  • Office of Foreign Assets Control (OFAC)
  • High Risk Persons and Entities
  • High Risk Products and Services
  • High Risk Geographic Locations
  • The role of OFAC and how an OFAC program should be implemented at the institution

Find Anti-Money Laundering Training Courses

To find your desired Anti-Money Laundering training courses, either select a Recommended Course from the list below, or select "Anti-Money Laundering" and your state from the "Professional Development" section of the search box at the bottom of this page.

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About Our Recommended AML Compliance Training Courses

Below are some specifics about our anti-money laundering course offerings.
  • Anti-Money Laundering (AML) Requirements
    This course provides an overview of the various AML rules and regulations that banks must follow to maintain compliance. You'll learn the definition of money laundering and how it can impact a financial institution. You'll also discover how to identify the various red flags that often indicate the occurrence of money laundering.
  • Anti-Money Laundering Compliance - "Understanding The Laws"
    This anti-money laundering training program delves deeper into what money laundering is and provides a more detailed explanation of the AML rules and regulations. The purpose of the course is to help you identify money laundering activities if and when they occur at your financial institution. You'll learn about the three phases of money laundering and what constitutes criminal activity. You'll also gain a better understanding of the AML reporting requirements.
  • Anti-Money Laundering (AML) For Futures Industry (FCMs & IBs)
    Designed for Futures Commission Merchant and Introducing Broker entities, this anti-money laundering course helps industry participants identify money laundering activities, as well as address threats when they occur. The successful completion of the program will assist FCMs and IBs in meeting their annual NFA Rule 2-9(c)-mandated training requirements. You'll also receive a summary of the essential components of an anti-money laundering program for future reference.
  • BSA Red Flags For Money Laundering
    Designed for members of the frontline banking staff, this course will help to identify the four most significant crimes perpetrated against customers — identity theft, elder abuse, human trafficking and business email compromise schemes. Examples of topics include identifying the red flags that indicate elder abuse, common identity theft schemes, how to detect human trafficking via bank account activity and the misuse of powers of attorney (POA) arrangements.
  • BSA Series: Money Laundering The New Way - Virtual Currency, Prepaids, Marijuana
    This AML training program focuses on some of the "newest" crimes that are impacting the banking industry and its customers. Examples include the inappropriate use of prepaid debit cards, marijuana-growing businesses that serve as fronts for criminal enterprises, virtual currency such as cryptocurrencies, elder abuse and human trafficking. You'll learn how to identify and mitigate the risks associated with these activities.
Experience The Bank Training Center Difference

BankTrainingCenter.com is one of the verticals that comprise TrainingCenter, a leading provider of training services for industries such as banking, insurance and finance since 1994. As a banking professional, you'll have access to a series of programs that provide essential information regarding the latest, most relevant topics impacting the industry. In addition to our AML training offerings, you can also choose courses covering cyber security, call reports, fraud, deposit compliance and much more.

As a Bank Training Center student, you'll have the opportunity to choose from multiple program formats, including online webinars, in-person seminars, online courses, offline materials and audio conferences. All courses are informative and easy to follow, enabling you to maximize your learning experience. Whether you're looking to boost your industry knowledge or meet your compliance requirements, you'll find the courses that will fit your educational needs and also suit your learning style.

Order Your AML Compliance Training Course Today!

Take a closer look at our entire catalog of anti-money laundering training programs and place your order today. Feel free to contact us online if you have questions or concerns about any of our courses.
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