Expert Compliance Training

Staying up to date with regulations is essential in protecting your organization and vital in maintaining your customers’ and clients’ trust. Let Bates help keep your firm in compliance with our Expert Compliance Training programs, tailored for new or existing firms, including money services businesses (MSBs) and non-banking financial institutions (NBFIs). 

BSA/AML/OFAC Compliance Course Overview 

Our signature BSA/AML/OFAC Compliance course is designed to teach the basics of anti-money laundering (AML), the Bank Secrecy Act (BSA), consumer compliance, and the role of the Office of Foreign Assets Control (OFAC) to help your organization stay on top of industry compliance regulations. Additionally, we can offer a course specifically designed to cover your organization’s Board of Directors’ role and executives’ oversight of your AML compliance program and culture of compliance. 

Course Objectives 

• Provide an overview of the BSA and why it was enacted 
• Explain what money laundering is and what its three stages are, as well as provide examples 
• Provide an overview of the components required to build a BSA/AML Compliance Program 
• Provide an overview of the BSA recordkeeping and reporting requirements, including Suspicious Activity identification and the requirements for reporting
• Provide an overview of information sharing, who is responsible, and what the requirements are
• Provide an overview of the Office of Foreign Assets (OFAC) and what its role is 

What Our Training Has To Offer 

Bates provides users with the best compliance training to teach them the necessary information to fully understand the rules, laws, and regulations essential to financial institutions, money services businesses (MSBs), and other organizations within the financial industry. Our courses are led by subject matter experts with experience in the field and is comprised of interactive learning modules that require users to partake in readings, quiz questions, and click-to-reveal information sections. Once you have completed each section of the course, you will be awarded a certificate to demonstrate your completion. 

Our training is robust and comprehensive, offering users: 

• Dedicated experts passionate about compliance 
• Comprehensive reporting that allows tracking user progress, importing compliance reports, and printing of documents for internal records 
• “Best practice” teaching to ensure compliance and legal operation 
• Individual and group access for multi-member training participation 
• Customization features to cater programs to specific user needs 
• Certificates of completion that serve as proof of completion of all required elements of a training course 
• Optional “white-labeled” user experience 
• Automated due date reminders 

If your financial institution requires assistance crafting a robust AML/BSA compliance program, is seeking ongoing advisory services, or requires additional support from corporate compliance experts, please reach out to us today. We are a leading compliance consulting firm for financial institutions in the country and have certified Subject Matter Experts working to help your organization stay compliant. Call or send us a message today to discuss how our experts can help you.