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Training Materials for USA Patriot Act

I'm new to and also to compliance. I am trying to find some training materials relating to the USA Patriot Act that I could potentially use as a model for staff training at our bank. Can you point me in the right direction?

Answer by John Burnett: The USA PATRIOT Act is often cited (or blamed) as the source of certain requirements that affect bank compliance and the lives of millions of individuals. Actually, however, almost all of the Act is a series of changes to other laws already “on the books,” like the Bank Secrecy Act. For training purposes, you probably should focus on ensuring that your staff members understand and adhere to your bank’s policies and procedures for compliance in your BSA/AML program, which will include topics like CIP, CTR completion, exemptions, recognition and referrals of suspicious activity for potential SAR filings, current trends in SAR filings (such as the increases in reports of mortgage and appraisal fraud), etc.


Answer by Hussam Al-Abed:This is the Outline for The Training I deliver on USA Patriot act .
USA PATRIOT Act Training

Special Measures for Jurisdictions, Financial Institutions/ International Transactions of Primary ML Concern
Special Due Diligence for Correspondent Accounts

  • What are the risk indicators for correspondent banking?
  • Inadequate due diligence risk
  • Jurisdiction risk
  • Inadequate AML/CTF standards and supervision
  • Increased chance of high-risk clients
  • Different risks in different jurisdictions
  • Inadequate and/or inappropriate due diligence assessments
  • Product/service risk

    Special Due Diligence for Private Banking Accounts.
  • Shell Bank Prohibition
  • Forfeiture of Funds
  • Anti-Money Laundering Programs
  • Cooperative Efforts to Deter Money Laundering .
  • Bank Records Related to Anti Money Laundering Programs
  • Case Study - Riggs Bank

    AML / CFT Risk Based Approach

    First published on 8/22/11
  • First published on 08/22/2011

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