This annually required course for MLO’s and other money related professions is laid out under regulations issued by FinCEN that require financial institutions to implement anti-money laundering (AML) programs to help curtail suspicious financial activity.
DurationThis annually required course for MLO’s and other money related professions is laid out under regulations issued by FinCEN that require financial institutions to implement anti-money laundering (AML) programs to help curtail suspicious financial activity as it relates to transactions like mortgages.
Just like the FTC Red Flags Rule and GLB Safeguard Rule requirements, the AML plan will be different for every company as all companies vary based on size, scope, complexity. In other words, plans will not be identical.
This 40-minute course will give an overview of the AML-SARS requirements for non-bank lenders and originators and can be used as a guide to creating internal policies and procedures as well as appropriate tools needed to monitor employee’s compliance.
The Following Topics Will Be Covered:
My Mortgage Trainer is a Veteran Owned, NMLS Approved provider with everything you need to become a licensed Mortgage Loan Originator (MLO), renew your existing licenses, and build your mortgage career. Our proven methods of instruction, customized study plan approach, and engaging delivery make the difference.
When class is over, we’re still here to provide you the support needed to successfully obtain your license and help you grow your business through additional state licenses, exclusive partnerships, and lead-generating platforms to get you noticed.
We offer licensing assistance, policies and procedures and a full suite of Consumer Financial Protection Act Compliance Training Courses for all of your staff. We can also build a branded LMS platform to allow you to deliver courses to appropriate staff, obtain reports for audits and add your own internal training content.
This course will familiarize the learner with the crime of money laundering relative to his/her position. This course will also provide a comprehensive overview of red flags and suspicious activity so that s/he may be able to recognize and report indicators.
This module offers an in-depth discussion on moneylaundering, including recognizing money laundering activities, reporting requirements, and the ways to prevent it. Case studies offer examples on how to apply this knowledge.
This course will explain the Bank Bribery Amendments Act of 1985. The learner will understand and be able to adhere to the code of conduct in everything that s/he does at the financial institution.
This course gives a background on what money laundering is and discusses the different types of schemes that have been used in the past. Moreover, it discusses how to protect the consumer from this criminal act and gives an overview of suspicious activity reports.
The AACI and in cooperation with its Exam Unit develop anti-corruption certification programs. These programs are innovative in content, design, and delivery.
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