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
Special Due Diligence for Private Banking Accounts.
AML / CFT Risk Based Approach
First published on BankersOnline.com 8/22/11