Course Objective

Introduction

What is Money Laundering

The Bank Secrecy Act (BSA)

Currency Transaction Report (CTR)

Report of International Transportation of Currency or Monetary Instruments (CMIR)

Report of Foreign Bank and Financial Accounts (FBAR)

Funds Transfers and Transmittals

THE ROLE OF THE U.S. TREASURY DEPARTMENT

Office of Foreign Asset Control (OFAC)

Financial Crimes Enforcement Network (FinCEN)

Suspicious Activity Reporting (SARs)

Completing and Filing Suspicious Activity Reports

The USA Patriot Act of 2001

Section 352 of the PATRIOT Act

Other Applicable Sections of Title III

Required Information

Record Retention

NASD Rule 3011

Conclusion