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 “mitigationâ€
Geography Risks
Product Risks
Customer Risks
Other Risks
Licensee vs. Agents
BSA Compliance, LLC
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)
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.