Book a Demo
Price $100.00/ license
Online Courses Financial Compliance AML Compliance Basic Risk Based Approach for Money Service Businesses

Basic Risk Based Approach for Money Service Businesses

Created by: BSA Compliance, LLC
5.0 2104 views Prime
English
30-Day Money Back Guarantee
Full Lifetime Access
Self-Paced
Finish in
60 mins!
Made for for
Employees
only
Certificate
of Completion
Mobile -
Friendly
Access

Skills covered in this course

BSA AML compliance money laundering Basic Risk Based Approach for Money Service Businesses Course Basic Risk Based Approach for Money Service Businesses Training

Overview

Included Modules

Description

This 2012 updated course is designed for Money Service Businesses that need to comply with the requirement that they use the "Risk Based Approach" to develop and approve their AML/CTF Compliance Program.  It is also useful for international Entrepreneurs who wish to understand the USA anti[money laundering compliance strategy.

The design is simple and straightforward, and a certificate is produced automatically when the individual passes the respective quiz.



If you cash checks, do money transfers, money orders, traveler's checks, currency exchange, prepaid cards/phones or other “non-bank financial service”  USA legislation will probably require you to use the "Risk Based Approach" when preparing your AML/CTF Compliance Program.



Money Laundering is a serious crime and federal and international organizations are insisting that risks be documented and assessed in order to reduce the risk of Money Laundering and Terrorist Financing in our financial systems.  For this reason you should feel free to contact us if you have any questions.

Manny Perez, CAMS     training@bsacompliance.us

Table of Contents

The Risk Based Approach
What is a “risk”?
Risk “mitigation”
Geography Risks
Product Risks
Customer Risks
Other Risks
Licensee vs. Agents

Author

BSA Compliance, LLC

6 Courses

Certified Money Laundring Specialist, Manny Perez, leads the training and support services we offer to Money Transfer Organizations and their Agents.  Fully bilingual (English/Spanish) services are available, and we are also able to create internet based courses in arabic and french. We bring ample experience in the public, corporate and private sector,  and have showcased training at 3 major International Money Transfer Conferences.  Our team also includes other specialists to ensure proper support for our clients.

Coordinator: Manuel Perez, CAMS   (Manny)

 

Bajo la coordinacion de un Especialista Certicado en la Prevencion del Lavado de Dinero, nuestro grupo ofrece adiestramiento y servicios de apoyo a organizaciones que transfieren dinero, asi cmo a sus Agentes y empleados.   Somos bilingues y tambien podemos crear cursos en arabe y frances.  Traemos experiencia amplia de los sectores publico, corporativo y privado, y hemos ofrecido entrenamiento en tres conferncias internacionales en el 2010 y 2011.

 Nuestro equipo incluye otros especialistas para asegurar el mejor apoyo a nuestros clientes.

Coordinador:  Manuel Perez, CAMS   (Manny)

Basic Risk Based Approach for Money Service Businesses

Part 1 AML Risk Based Approach 2013
Part 1 AML Risk Based Approach 2013

First Part of the training in the mandated Risk Based Approach for Anti-money Laundering Compliance Programs in the USA, also recommended world-wide by FATF (GAFI)  the Financial Action Task Force.
Part 2 AML Risk Based Approach 2013
Part 2 AML Risk Based Approach 2013

Second Half of the training course in the Risk Based Approach mandated for all Anti-Money Laundering Programs in the USA and suggested by FATF/GAFI, the Financial Action Task Force for all nations.
Risk Based Approach: Quiz
Risk Based Approach: Quiz

This is an assessment designed for Money Service Businesses that have taken our Risk Based Approach training.

Attachments:

FinCen's Money Service Businesses' Site  () This site basically contains all the information FinCEN considers a Money Service Business should have.
ACAMS : Association of Certified Money Laundering Specialists  () ACAMS is THE international membership organization dedicated to enhancing the knowledge and expertise of AML/CTF and financial crime detection and prevention professionals, from a wide range of industries, in both the public and private sectors. ACAMS serves more than 13,500 members in 160 countries, with extensive resources designed to develop and sharpen the skills required for superior job performance, and career advancement including certification, moneylaundering.com (the industry’s leading online news and information resource), ACAMS Today (the premier AML magazine) international conferences, full day seminars, web seminars, customized training and peer networking opportunities. The CAMS certification is the most widely recognized AML certification among compliance professionals worldwide. Candidates who pass the rigorous CAMS examination distinguish themselves as experts fully qualified for the demanding anti-money laundering duties in business and government.
BSA Compliance, LLC  () BSA Compliance LLC provides timely, cost effective and high quality support services and training in Anti-Money Laundering compliance requirements and practices to Money Service Businesses, their agents and employees, as well as to businesses in the US and overseas that transfer money to or within the US.
The Financial Action Task Force (FATF / GAFI)  () The Financial Action Task Force (FATF) is an inter-governmental body established in 1989 by the Ministers of its Member jurisdictions. The objectives of the FATF are to set standards and promote effective implementation of legal, regulatory and operational measures for combating money laundering, terrorist financing and other related threats to the integrity of the international financial system. The FATF is therefore a “policy-making body” which works to generate the necessary political will to bring about national legislative and regulatory reforms in these areas.