If your organization is classified as a financial institution under the Bank Secrecy Act, then annual BSA/AML training is expected. 

The Bank Secrecy Act applies to banks, credit unions, mortgage lenders, loan originators, broker-dealers, money services businesses, certain insurance companies, casinos, and dealers in precious metals. Coverage is broader than many realize. See 31 U.S.C. § 5312.

FinCEN expects training to be ongoing, job-specific, documented, and verifiable. Institutions must demonstrate that employees understand suspicious activity reporting, customer due diligence, and internal reporting procedures.

Yes. Risk assessment is key. Whether you are a bank, mortgage lender, or money transmitter, AML compliance is guided by the risk-based approach: identify risk, assess exposure, implement controls, monitor activity, and train employees accordingly.

Effective training should cover the Bank Secrecy Act framework, SAR requirements, customer due diligence (CDD), beneficial ownership, OFAC compliance, and current fraud and money laundering typologies relevant to your industry.

Our advice is to live by the adage, "If it's not written down, it doesn't exist." Examiners look for attendance logs, training materials, testing records, board participation evidence, and documentation proving comprehension. If you cannot document training, regulators may treat it as insufficient.

Yes. Our course provides a Certificate of Completion, documentation of course content, and confirmation of comprehension through assessment. These materials prove you did the training and that you understand it.

Absolutely. Our training is designed for every individual and company that must train every year in BSA/AML - you'll get the pillars of BSA compliance, plus OFAC and reporting guidance. It's your one stop shop for BSA/AML and now CFT compliance.

This is likely going to need a phone call, but let me get your ready for that. The independent audit that you have to do every 12 to 18 months is a coaching experience, not an inquisition. I'll get you all polished up and ready to face any regulator, while reviewing and perhaps tweaking some of your BSA/AML/CFT policies and procedures. We always start with a no-obligation phone call to make sure we are properly aligned. Let's talk - use the link below to "Schedule a Call with Bob."