Curriculum | AML & Fraud School

11:00 AM – 12:15 PM

Synergies Between AML and Fraud

AML and Fraud departments work to identify and stop financial crime. The fraud and money laundering departments should collaborate to expedite the overall compliance response and take a comprehensive approach to the illegal threats they confront. Learn the similarities and differences between AML and Fraud; and the purpose of each.

12:30 PM – 2:30 PM

What constitutes a fraud program?

Dive into the types of fraud, the four pillars of fraud and fraud customer education. We will also learn about fraud prevention/control, including Reg CC, Reg E, Reg Z, loan fraud, and Fannie Mae and Freddie Mac requirements. We will highlight SAR reporting requirements, liability, and recovery efforts outside of 314(b).

2:45 PM – 5:00 PM

What constitutes a AML program?

Dive into the elements of a well-designed risk based BSA/AML Program. We will learn about the fundamentals of determining a BSA/AML Risk profile based upon the size, complexity, or uniqueness of the organization.

11:00 AM – 5:00 PM

Everything you want to know about Fraud but are afraid to ask

11:00 AM – 2:45 PM

Everything you want to know about AML but are afraid to ask

3:00 PM - 5:00 PM

Case Study on Financial Crimes

11:30 AM – 12:00 PM

AML and Fraud Alert: Understanding the Alert

You’ve received an alert. But what does it mean and why did it generate? Join us as we triage an alert together! In this course, we will explore the differences between BSA and Fraud alerts, learn how to read and interpret an alert, and look at various alert scenarios together.

12:15 PM – 1:15 PM

Applying Red Flag Identification and When to Promote an Alert

It’s your decision... should the alert be closed or further investigated? How much research should you do before escalating an alert? How can due diligence information help you disposition the alert? What internal processes and resources can be utilized during the alert triage process? This session will help you quickly identify red flags and challenge your risk based decision making skills when determining if an alert should be escalated vs closed.

1:30 PM – 3:30 PM

Weeding Through the Details and Executing the Investigation(s)

So you’ve determined an alert needs to be investigated further. Now what? No two investigations are exactly the same – the investigative process depends on the risks at hand. In this session, we will walk through various investigations and explore what questions to ask, things to consider, and ways to sharpen your investigative skills. We will learn how to analyze transaction patterns and challenge the information in front of you. We will also discuss common traps of the investigation.

11:00 AM - 12:00 PM

Performing an Interview and Communicating with Others

We’ve reached the interview stage of the investigation. We will discuss techniques and best practices to help you get the information you need. To build confidence, we will put the skills learned to practice with mock interviews.

12:15 PM - 1:00 PM

Decisioning and Documentation - Part 1 - Fraud

You’ve finished your investigation! It’s time to decision and document your case. How much information is needed and who is going to look at it? In this course, we will discuss best practices for creating a sound investigation narrative and documenting your case file.

1:00 PM - 1:45 PM

Decisioning and Documentation - Part 1 - AML

2:00 PM - 3:00 PM

The Investigator's Toolbox: Key Tools to Build Self-Sustaining Skills to be Strong Professionals

What’s in your investigator toolbox? This session will highlight the tools, best practices, templates, skills and questions to help you be successful. While no two alerts or investigations are exactly the same, a well thought through and organized toolbox will help you get started.

11:00 AM – 11:45 PM

SAR Reporting Requirements and Basic

12:00 PM – 12:30 PM

SAR Strategy and Application

12:45 PM – 2:15 PM

SAR Investigation Research and Documentation - Best Practices

2:30 PM – 3:15 PM

CTR Reporting and Exemption Requirements and Basics

3:30 PM – 4:00 PM

Class Wrap-up