Regulatory Examiners Always Look at Your BSA/AML Programs.

Just because the Dodd-Frank Act has not had a direct impact on the Bank Secrecy Act, the USA PATRIOT Act, and other anti-money laundering regulations, do not think examiners have stopped looking closely at your BSA/AML programs. Regulators are still handing out big civil money penalties for violations.

The regulators are looking for evidence that your bank puts a premium on compliance. They want to know that your compliance officer’s skills are up-to-date with the latest compliance demands. You can give them what they’re looking for, and ensure that your bank’s compliance efforts are correct, when your compliance officer completes the Sheshunoff® Regulatory Compliance Certification Program Bank Secrecy Act/Anti-Money Laundering Module.

Successful completion of this module earns your candidate certification as a Sheshunoff Compliance Officer with a certificate suitable for framing and hanging on your wall. And it’s all done right in your bank at your candidate’s own pace and convenience.

Self-paced training has proved to be an effective, and cost-effective, way to learn a subject in detail. More is learned and retained when the training is self-paced, and the manual later becomes a handy reference to refresh the user’s memory and get fast answers.

Show the Regulators Your Compliance Officer Has What It Takes.

When a regulator sees a Sheshunoff Compliance Officer Bank Secrecy Act/Anti-Money Laundering Certificate hanging on your wall, it’s a sign that your compliance officer has the skills and knowledge necessary to handle the challenges that BSA/AML compliance presents.

The Bank Secrecy Act/Anti-Money Laundering Module contains the following courses:

• Bank Secrecy Act. Understand the major bank secrecy compliance requirements; how to satisfy them; the types of reporting forms your bank must complete for various currency transactions, which transactions are reportable, which are suspicious, what the illegal practice of smurfing is and how to detect it, and which transactions are nonreportable; the content requirements, timing provisions, and filing and record retention rules for each of these reports; and the civil and criminal penalties for violations and what will happen to your bank if it is convicted of willful evasion of the reporting requirements.
• USA PATRIOT Act. Understand the law’s requirements for anti-money laundering programs and strengthening the U.S. fight against terrorism.

Highlights How to Use This Manual Preface

Regulatory Compliance Program

Each module covers a single key area of compliance in detail; each course in a module covers a single regulation. The modules can be completed in any order, so your candidate can get up-to-speed on the issues of greatest concern to you first and tackle other modules later.

When the course work for a module has been completed to the candidate’s satisfaction, he or she requests the final exam on that module. The Passing grades earn a certificate for that module.

To earn the program certificate, simply complete all five modules of the Regulatory Compliance Certification Program within a two-year period. When all five modules have been successfully completed, the candidate will receive a certificate to show the regulators, and others, that your bank has recognized and met the serious, demanding challenges of compliance.