Anti-Money Laundering: U.S. and Global Standards

Money laundering is more than a financial crime—it’s a global threat that fuels corruption, terrorism, organized crime, and human trafficking. This comprehensive Anti-Money Laundering (AML) Compliance course provides employees, compliance officers, and business leaders with a complete understanding of U.S. AML laws and the international standards that shape global financial integrity.

This program aligns with the Bank Secrecy Act (BSA), the USA PATRIOT Act, and the Financial Action Task Force (FATF) 40 Recommendations. Learners gain practical tools for developing, implementing, and maintaining effective AML programs that protect organizations and uphold legal obligations under FinCEN and OFAC.

Major Learning Points:

• Understand the scope and purpose of U.S. AML laws, including the BSA and USA PATRIOT Act
• Identify which businesses and financial institutions are required to comply
• Implement the Five Pillars of AML compliance: internal controls, compliance officer, training, testing, and customer due diligence
• Conduct “Know Your Customer” (KYC), Customer Identification Program (CIP), and Customer Due Diligence (CDD) processes effectively
• Recognize red flags and suspicious activity that may indicate money laundering or terrorist financing
• File required reports, including Suspicious Activity Reports (SARs), Currency Transaction Reports (CTRs), and IRS Form 8300
• Apply recordkeeping standards and understand FinCEN’s 314(a) and 314(b) information-sharing programs
• Integrate Office of Foreign Assets Control (OFAC) sanctions screening into daily operations
• Understand the FATF’s 40 Recommendations and their global impact on AML compliance
• Learn about beneficial ownership reporting under the Corporate Transparency Act
• Identify potential civil and criminal penalties for AML non-compliance
• Build a culture of compliance that promotes transparency, accountability, and ethical business practices