Compliance Trainings
Under the Bank Secrecy Act (BSA) and FinCEN regulations, U.S. financial institutions and Money Services Businesses (MSBs) are required to implement ongoing compliance training as one of the four pillars of an effective AML program.
Our Compliance Trainings service delivers structured, role-based training programs designed to meet U.S. federal and state regulatory expectations while strengthening your internal compliance culture.
Our training programs are practical, risk-based, and tailored to your specific business model.
What Is AML Compliance Training?
AML Compliance Training is mandatory education that:
- Teaches employees to recognize money laundering red flags
- Ensures staff understand regulatory obligations
- Demonstrates compliance program effectiveness
- Satisfies federal and state training requirements
- Protects your business from regulatory penalties
Required under:
- Bank Secrecy Act (BSA)
- FinCEN AML Program Rule
- State money transmitter regulations
- Banking partner agreements
- FFIEC BSA/AML standards
Who Needs Compliance Training?
FinCEN MSB Requirement
All Money Service Businesses must provide:
- Ongoing training for all employees
- Role-specific training for high-risk positions
- Annual refresher training
- Documented training completion
- Compliance officer training
Money Transmitter License Requirement
State regulators require:
- Training program documentation in license applications
- Evidence of employee training completion
- Training materials and curricula
- Annual training records
Banking & Payment Partner Requirement
Banks and processors demand:
- Proof of current training program
- Training completion records
- Annual training certifications
- Specialized training for compliance teams
Regulatory Examination Requirement
Examiners review:
- Training program adequacy
- Employee training records
- Training effectiveness testing
- Role-based training differentiation
Frequency and documentation
Types of AML Compliance Training We Provide
1. AML/BSA Foundational Training
For: All employees
Covers:
- What is money laundering
- Stages of money laundering (placement, layering, integration)
- Terrorist financing basics
- Bank Secrecy Act overview
- FinCEN requirements
- Employee responsibilities
- Red flag recognition
- Reporting obligations
2. Role-Specific AML Training
For: Customer-facing staff, onboarding teams, transaction reviewers
Covers:
- Customer due diligence (CDD) procedures
- Know Your Customer (KYC) requirements
- Identity verification best practices
- Document review and validation
- Red flags specific to role
- When to escalate concerns
- SAR referral process
3. Transaction Monitoring Training
For: Analysts, investigators, compliance teams
Covers:
- Transaction monitoring system operation
- Alert generation and prioritization
- Alert investigation procedures
- Case documentation requirements
- Escalation protocols
- False positive management
- Quality assurance standards
4. Suspicious Activity Reporting (SAR) Training
For: Compliance officers, investigators, senior management
Covers:
- SAR filing requirements and timelines
- FinCEN SAR form completion
- Narrative writing best practices
- Supporting documentation
- Continuing activity SARs
- Law enforcement confidentiality
- Tipping off prohibitions
5. Sanctions & PEP Screening Training
For: Compliance teams, onboarding staff
Covers:
- OFAC sanctions programs
- Specially Designated Nationals (SDN) list
- Sectoral sanctions
- Politically Exposed Persons (PEPs)
- Screening procedures and tools
- Match investigation
- Blocking and rejection requirements
- OFAC reporting obligations
6. Fraud Detection & Prevention Training
For: Customer service, fraud teams, transaction reviewers
Covers:
- Common fraud typologies
- Identity theft red flags
- Account takeover indicators
- Payment fraud schemes
- Chargeback prevention
- Social engineering awareness
- Fraud reporting procedures
7. Executive & Board Compliance Training
For: Senior management, board members, executives
Covers:
- Regulatory landscape overview
- Organizational compliance obligations
- Board oversight responsibilities
- Examination process and expectations
- Enforcement trends and consequences
- Strategic compliance decisions
- Resource allocation priorities
8. New Hire Compliance Training
For: All new employees (within 30 days)
Covers:
- Company AML program overview
- Policies and procedures
- Employee responsibilities
- Reporting channels
- Consequences of non-compliance
- Red flag recognition
- Questions and support resources