Learning Objectives:

• Familiarize yourself with America's Credit Union staff.
• Unveil what to expect during your educational journey, whether joining us in-person or virtually.
• Outline the essential steps to certification.
• Learn effective exam preparation techniques and gain insights into on-site and virtual examination procedures.
• Identify and plan your next steps in the certification process.
• Gain access to key curriculum resources
   

Learning Objectives:

• Uncover the broader significance of BSA/AML beyond compliance, as we explore its pivotal role in maintaining the integrity of the financial system and safeguarding national security. 
• Demonstrate an understanding of role-specific competencies essential to your BSA/AML professional development.
• Align your professional development with your credit unions’ needs and strategic objectives.
   

Learning Objectives:

• Understand the historical evolution of the BSA and the key statutes and regulations that shape its framework.
• Explore the roles and functions of key regulatory agencies and industry resources involved in BSA compliance, including NCUA, FinCEN, OFAC, FFIEC, DHS, FBI, and OCC.
• Learn how a regulation comes to life, from its inception to its final implementation.
• Understand the importance of advocacy in the regulatory process.
• Familiarize yourself with essential terms and acronyms commonly used in the BSA regulatory landscape, ensuring clarity and understanding.
   

Learning Objectives:

• Understand the overarching requirements outlined by the FFIEC for BSA/AML compliance programs, focusing on the five pillars of compliance.
• Gain insights into the consequences of non-compliance with BSA regulations, including potential penalties and enforcement actions.
• Walk through an enforcement action.
• Learn about examiner expectations.
   

Learning Objectives:

• Revisit key concepts learned thus far
• Transition from a broad overview to a focused exploration of individual regulatory requirements.
• Understand what to expect in the next steps of your learning journey.

Learning Objectives: 

• Define risk assessment best practices 
• Explore various risk categories affected by factors such as size, complexity, and organizational structure, including members, non-resident aliens, attorneys, accountants, geographic locations, and accounts.
• Learn the importance of identifying specific risk categories and customizing them to the credit union's context.
• Understand the purpose of risk assessment analysis within the broader scope of BSA compliance.
• Comprehend the role and importance of vendor compliance in BSA programs.
• Learn about managing third-party relationships and due diligence.
   

Learning Objectives:

• Learn about Customer/Member Due Diligence (CDD/MDD) requirements.
• Learn the key requirements for Customer/Member Identification Programs (CIP/MIP), including member verification, notification timing, required documentation, and record retention standards
• Distinguish CIP and beneficial ownership requirements, identify relevant entities, verify beneficial owners, and understand the impact of the Corporate Transparency Act.
• Understand establishing risk profiles to identify suspicious activity and learn about applying enhanced due diligence (EDD) to higher-risk customers
   

Learning Objectives:

• Develop a solid grasp of BSA CTR reporting, including regulatory requirements and the impact of non-compliance.
• Comprehend the principles of structuring and aggregating transactions and enhance your learning through practical examples.
• Learn about CTR filing exemptions and grasp the requirement for annual reviews.
   

Learning Objectives:

• Understand SAR filing obligations, including mandatory reporting thresholds, and filing exceptions
• Understand the safe harbor protection from civil liability under the Bank Secrecy Act (BSA)
• Identify reportable suspicious activities, recognize associated red flags, and understand timing requirements for effective detection and reporting.
• Comprehend SAR documentation retention rules, protocols for responding to law enforcement request for SAR supporting documentation, and confidentiality requirements.

Learning Objectives:

• Revisit and reinforce the key concepts you've learned so far.
• Equip yourself with the knowledge and skills needed for the next stages of your certification journey, with a clear view of what to expect moving forward.

Learning objectives:

• Comprehend risk assessment alignment with the credit union's unique risk profile
• Discuss strategies for analyzing information to better assess risks within specific categories.
• Recognize the interconnectedness between risk assessment, internal controls, and a robust BSA compliance program.
• Analyze and apply investigative techniques through case studies focused on AML-related activities to enhance practical understanding and skill development in anti-money laundering investigations
• Understand the data validation rationale and frequency

Learning objectives:

• Recall key knowledge gained during Lesson 7: Regulatory Requirements – CDD/CIP.
• Understand best practices and key considerations in creating effective procedures.
• Gain skills in collaborating with examiners, leveraging media resources, and conducting site visits.
• Collaborate with your peers to apply knowledge.

Learning Objectives:

• Gain insight into law enforcement inquiries generated by credit unions’ suspicious activity report (SAR) filings.
• Review the SAR safe harbor and confidentiality requirements.
• Learn how to respond to law enforcement requests for SAR supporting documentation.
• Understand how the Right to Financial Privacy Act plays a role in requests for information that go beyond the scope of the SAR filing.
• Understand what information should be incorporated into policies and procedures guiding a credit union’s response to law enforcement requests.
• Gain a high-level understanding of Section 314(a) Information Sharing requirements.

Learning Objectives:

• Learn about the USA Patriots Act’s information-sharing requirements.
• Understand 314(a) compliance, including search criteria, reporting to FinCEN, documentation, security, confidentiality requirements, and associated restrictions.
• Gain insight into 314(b) compliance requirements, including the Safe Harbor for information sharing, use restrictions, joint SAR filings, and security and confidentiality requirements.
• Understand permissible and impermissible information sharing under 314(b).

Learning Objectives:

• Define the scope of monetary instruments, understand the rationale behind record-keeping requirements, and outline the associated dollar amount thresholds.
• Outline purchaser verification requirements, discern account holder verification criteria, and grasp non-account holder verification prerequisites.
• Define contemporaneous purchases and recordkeeping requirements.
• Comprehend record retention requirements.
• Define funds transfers and associated terms in financial institutions.
• List recordkeeping requirements for originating and beneficiary financial institutions, understand retrievability criteria for originators and beneficiaries, and learn about Travel Rule requirements.

Learning objectives:

• Understand the role and purpose of OFAC.
• Discuss examiner expectations and comprehend the components integral to an effective OFAC compliance program.
• Define different OFAC Lists and grasp the nuances of various sanctions programs.
• Gain insight into OFAC requirements, including prohibited transactions, blocking assets and recordkeeping requirements.
• Understand OFAC's broad coverage of transactions and transaction parties, including its definition of property, and discuss various transactions and transaction parties.
• Define OFAC General and Specific Licenses and list relevant resources for further understanding.

Part 1: 83 mins.
Part 2: 94 mins.

Learning Objectives:

• Learn and apply SAR writing techniques
• Hear from law enforcement about impactive communication approaches and the impact of BSA reporting. 

Learning Objectives:

• Understand and apply procedures for identifying and handling potential OFAC matches and ensuring compliance with OFAC regulations.
• Demonstrate what you have learned in handling 314(a) and 314(b) information-sharing requests.
• Exhibit how to effectively collaborate with law enforcement agencies under the BSA.

This 30-minute study hall features an instructor-led question and answer format review of various curriculum covered thus far. For a thorough review of the curriculum, please refer to the Study Guide section within the Resource Guide.

During this time students will take the first of two CBSAP exams. Students will have 120 minutes to complete the multiple-choice exam.

Learning objectives:

• Identify and debunk human trafficking myths, recognize risk factors, and spot red flags of human trafficking using case studies and updated guidance.
• Recognize and report cyber events, cybercrime, and related fraud schemes, including ransomware, virtual currency misuse, and scams like "pig butchering.”
• Learn about the Elder Financial Abuse required training, safe harbor, and gain access to a state law resource.

Learning Objectives:

• Communicate the critical importance of AML protocols to peers and departments
• Build trust and foster cooperation across different areas of the organization
• Gain buy-in for AML initiatives
• Confidently advocate for compliance when faced with resistance

Learning objectives:

• Understand the role of the BSA/AML examiner
• Learn about your responsibilities when working with examiners
• Learn how to prepare proactively for BSA/AML exams
• Understand how to develop and sustain good working relationships with examiners

This 20-minute study hall features an instructor-led question-and-answer format review of the cybersecurity, human trafficking, and elder financial abuse curriculum. 

During this time students will take the second and final CBSAP exam. Students will have 120 minutes to complete the multiple-choice, scenario-based, exam.

Total training time: 16 hours
Additional work time: 2 hours + exam preparation/study time
Total exam time: up to 4 hours (up to 2 hours allotted for each exam)