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Bank Secrecy Act (BSA)/Anti-Money Laundering (AML) - Overview

KESDEE Inc

Summary

Price
£37.59 inc VAT
Study method
Online
Duration
1 hour · Self-paced
Qualification
No formal qualification

Overview

The 9/11 terrorist attacks in the United States have led the international community to formulate new legislations and guidelines to counter the escalating risks of Money Laundering. Across nations, Anti-Money Laundering training and compliance requirements have therefore gained significance.
It is in this light that the American Congress brought about new measures in the form of International Money Laundering Abatement and Anti-Terrorist Financing Act, 2001(Title III of USA Patriot Act, 2001) that amended the Bank Secrecy Act, 1970 and its implementing Regulation. For financial institutions today, failure to comply with these requirements entails severe penalties in addition to increased exposure to compliance, reputational, strategic and operational risks.

Description

  • The process of Money Laundering, measures against money laundering and initiatives taken by various organizations to combat terrorism
  • Comprehend the implications of offshore financial centers and non-cooperative countries on Money Laundering
  • Understand the implications and penalties for non-compliance with Anti-Money Laundering legislations
  • Due diligence measures undertaken by financial institutions to deter money laundering and terrorist financing
  • Regulations applicable to banks
  • Certain Principles that are to be adopted by the private banks to guard against money laundering

This course provides an overview of various BSA/AML statutes and the role of government agencies in BSA/AML compliance. Further, it provides a brief introduction to the concept of money laundering and terrorist financing along with the criminal and civil penalties associated with such illegal acts.

Who is this course for?

Every professional involved in the global financial services industry (as a provider, user, regulator or advisor of product/services, marketplace/exchange) would benefit from KESDEE’s innovative solutions.

  • Supervisory Agencies
  • Central Banks
  • Financial Institutions
  • Commercial Banks
  • Investment Banks
  • Housing Societies/Thrifts
  • Mutual Funds
  • Brokerage Houses
  • Stock Exchanges
  • Derivatives Exchanges
  • Insurance Companies
  • Multinational Corporations
  • Accountancy Firms
  • Consultancy Firms
  • Law Firms
  • Rating Agencies
  • Multi-lateral Financial Institutions
  • Others

Questions and answers

No questions or answers found containing ''.

Felastine Abuathieh asked:

Thanks so much for the info on the certification. Final question: Will it be emailed to me? Thanks again!

Answer:

Hello Falastine, Once you pass the quiz section you can download the certificate from your end from Progress section. Best Regards, KESDEE Support Team

This was helpful. Thank you for your feedback.
Felastine Abuathieh asked:

I'm delighted to take this course. Question; Will I obtain my certification of completion of this course?

Answer:

Hello Felastine Abuathieh, Yes, KESDEE will award 'Certification of completion' once the user finish the course and score 70% in quizzes provided at the end of the each course. This certificate acts as a proof for the enhancement of user's skills and knowledge in particular topic. No hard copies of certificates are provided. Best Regards, KESDEE Support Team

This was helpful. Thank you for your feedback.
Felastine Abuathieh asked:

Thanks for your response. Will the continous access cost anything?

Answer:

Hello Felastine Abuathieh, No, you can access the courses any number of times with in the access period (1 year). Best Regards, KESDEE Support Team

This was helpful. Thank you for your feedback.
Felastine Abuathieh asked:

Post completion of the 1 hr. course, may I continuously have access online to this course? Thanks a million!

Answer:

Hello Felastine Abuathieh, We wish to inform you that the access period for KESDEE courses is 1 year from the date of purchase. So, you can access the courses any number of times during access period. Best Regards, KESDEE Support Team

This was helpful. Thank you for your feedback.
Sharmin asked:

How mant attempts can be made on the assessment, if the assessment is failed?

Answer:

Hello Sharmin, We wish to inform you that one can take as many as attempts to clear the assessment. Best Regards, KESDEE Team

This was helpful. Thank you for your feedback.
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Legal information

This course is advertised on Reed.co.uk by the Course Provider, whose terms and conditions apply. Purchases are made directly from the Course Provider, and as such, content and materials are supplied by the Course Provider directly. Reed is acting as agent and not reseller in relation to this course. Reed's only responsibility is to facilitate your payment for the course. It is your responsibility to review and agree to the Course Provider's terms and conditions and satisfy yourself as to the suitability of the course you intend to purchase. Reed will not have any responsibility for the content of the course and/or associated materials.

FAQs

Study method describes the format in which the course will be delivered. At Reed Courses, courses are delivered in a number of ways, including online courses, where the course content can be accessed online remotely, and classroom courses, where courses are delivered in person at a classroom venue.

CPD stands for Continuing Professional Development. If you work in certain professions or for certain companies, your employer may require you to complete a number of CPD hours or points, per year. You can find a range of CPD courses on Reed Courses, many of which can be completed online.

A regulated qualification is delivered by a learning institution which is regulated by a government body. In England, the government body which regulates courses is Ofqual. Ofqual regulated qualifications sit on the Regulated Qualifications Framework (RQF), which can help students understand how different qualifications in different fields compare to each other. The framework also helps students to understand what qualifications they need to progress towards a higher learning goal, such as a university degree or equivalent higher education award.

An endorsed course is a skills based course which has been checked over and approved by an independent awarding body. Endorsed courses are not regulated so do not result in a qualification - however, the student can usually purchase a certificate showing the awarding body's logo if they wish. Certain awarding bodies - such as Quality Licence Scheme and TQUK - have developed endorsement schemes as a way to help students select the best skills based courses for them.
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