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A Provider of AIB Products USA Patriot Act |
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Course Description: USA PATRIOT Act points out the fact that the Act has applications in almost all areas of the financial world. It explains why bankers play an important part in identifying and stopping illegal money laundering, which can be used to fund terrorist activities. This course explores the key aspects of the USA PATRIOT Act and what is needed to implement its provisions. It builds on existing knowledge of the customer identification and due diligence process, applying those concepts to specific types of accounts believed to pose increased risks of money laundering and terrorist financing. This course explains how the USA PATRIOT Act affects sharing of certain types of information between financial institutions and law enforcement officials, to identify transactions that may involve terrorist activity or money laundering. Audience: Bank personnel with deposit function responsibilities. Learning Objectives: After successfully completing this program, you will be able to: • Explain the background and purpose of the USA PATRIOT Act • Describe the types of accounts that pose the greatest risk to the bank for potential use by terrorists or those who fund terrorist activities • Explain the required procedures for at-risk accounts • Explain how to respond to requests for information from FinCEN Course Credits: AIB: 0 ; ICB: 0.75 CBT, CCSR, CPB, CCTS, CFSSP, CSOP Prerequisites: None Required Software: None Optional Software: Adobe Acrobat Reader and RealPlayer Cost: Members $55 • NonMembers $75  Forms Page ... Registration ... Requests ... WithdrawalPBA Contact: Jackie Catalano • (717) 255-6939 • jCatalano@paBanker.com |
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