Bank Secrecy Act for Managers: 01. Money Laundering Risk Factors
6 min! Run Time
Employees
only
Provided
What you'll learn
Skills covered in this course
Description
Certain customers and transactions carry a higher risk of money laundering, and regulators expect managers to know the red flags that call for a closer look.
What this course covers:
- The red flags identified by FinCEN and other regulators
- Risk factors that signal potential money laundering
- When enhanced due diligence is required
- How managers apply a risk-based approach under the Bank Secrecy Act
Ideal for banking managers and compliance leaders overseeing BSA/AML programs.
System Requirements
See System Requirements in the Coggno Knowledge Base
Author
Frequently Asked Questions
The course covers the red flags identified by FinCEN and other regulators, giving managers the specific indicators examiners expect them to recognize when reviewing accounts, transactions, or customer relationships during a routine periodic review process.
This module explains risk factors that signal potential money laundering, helping managers judge which customers or transactions carry a higher risk and deserve closer attention than the institution's standard due diligence process typically provides on paper.
The course explains when enhanced due diligence is required, setting the risk threshold that triggers a deeper level of review for certain customers before the follow-up EDD course later in the Managers series unpacks that process.
Learners see how managers apply a risk-based approach under the Bank Secrecy Act, connecting red flags to a structured method for prioritizing oversight rather than treating every customer relationship as an identical level of risk.
This course is ideal for banking managers and compliance leaders overseeing BSA/AML programs who need to judge risk across their customer base and decide where enhanced due diligence and closer monitoring are actually warranted for a given account.
