Welcome to the Compliance Cohort. We are a group of compliance professionals working to make compliance easier. Our goal is to take complex compliance concepts and put them in simple terms that apply to the real world. We are glad you have found us and look forward to collaborating in the future.
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Welcome to the Compliance Cohort where we offer five different online BSA training programs to meet your needs. Each of our BSA training programs is delivered with our “virtual classroom” approach where an instructor is seen presenting a training seminar in front of slides, just like you would experience in a live seminar (click on one of our programs below for a video sample of how our video training seminars are delivered).
The first online BSA/AML training seminar we offer is called BSA Basics. BSA Basics is a program designed as a higher-level overview of the requirements of a BSA/AML program for banks and credit unions. Taking just over an hour to complete, BSA Basics is a quick and efficient way to get general BSA/AML training - without even leaving your office for a live seminar. As you are most likely well aware of, examiners often want to see that both BSA officers and applicable staff/management receive appropriate “outside” BSA/AML training - and BSA Basics is an easy and affordable way to do just that.
Click here to learn more about our BSA Basics video training seminar.
The second online BSA/AML training seminar we have available is called BSA Bootcamp! A Foundational BSA/AML Class. The BSA Bootcamp! is designed to be a foundational (and comprehensive!) online seminar on the Bank Secrecy Act and anti-money laundering (AML) rules. Twice the length of a typical webinar, this Compliance Class seminar runs around 3 ½ hours and takes a deep dive into the core elements of BSA rules that any BSA/AML professional should know and understand.
This comprehensive program is broken up into five different parts and explains 1) where the BSA rules came from, 2) how risk management should be at the foundation of any BSA program, 3) what the 5 pillars of BSA are and how they should be implemented in a financial institution, 4) the key areas of a BSA/AML program, and concludes with 5) some practical tips for understanding and managing a BSA program. The BSA Bootcamp! Includes both a comprehensive manual and 3 training seminar videos. (See the full class curriculum below.)
Using layman’s terms and practical examples, this program is both comprehensive and easy to understand, and incorporates a bit of fun into the process. Not to mention a few good money laundering and fraud case studies (stories).
While specifically designed as a foundational class for those new to BSA, this online seminar program would be beneficial for both new and seasoned BSA Officers, BSA back-ups, auditors, and anyone else with BSA responsibilities or oversight. This program would also serve as a comprehensive “refresher” for those looking for and easy-to-access BSA/AML training.
Click here to learn more about our BSA Bootcamp! video training seminar.
Our third online BSA/AML training seminar, which we offer twice a year, is our BSA Annual Update. Our BSA Annual Update provides video-based training on the BSA and AML activity that took place over the last year, including guidance from FinCEN and other regulatory agencies. Our most recent BSA Annual Update cover BSA and AML activity from October 2022 through September 2023. This program is a great way to show regulators that your BSA team is receiving training that helps them “remain informed of changes to regulatory requirements,” as expected in the FFIEC BSA Exam manual.
The fourth online BSA/AML training seminar offered by the Compliance Cohort is our BSA/AML Training for Board of Directors. We understand that directors need higher level training that identifies key points and avoids getting too detailed. Therefore, our Bank Secrecy Act Training for Board of Directors is designed to provide a overview of Bank Secrecy Act and anti-money laundering risks from the perspective of what a Director needs to know in order to have appropriate oversight of this high-risk area. Plus, our comprehensive training is designed to be delivered to the Board in under 30 minutes.
Click here to learn more about our BSA/AML Training for Board of Directors.
The last online BSA/AML training seminar offered by the Compliance Cohort is the BSA Annual Update for the Board of Directors. Our BSA Annual Update for the Board of Directors is a video-based training program that is specifically designed to provide the Board and Sr. Management with both 1) a very quick overview of foundational BSA/AML training and 2) training on changes and new developments in BSA/AML rules and regulations. Presented with a “bottom line” approach, this program is as short and to the point as possible, covering both a basic overview of BSA and an entire year’s worth of BSA activity in just under 30 minutes.
Click here to learn more about our BSA Annual Update for Board of Directors.
