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Compliance Training | Regulatory Compliance | Edcomm Group

AML Requirements for RMLOs

T1. RMLOs and Money Laundering: This topic will provide the learner with an introduction to the crime of money laundering, an act or attempt to disguise the source of money or assets derived from criminal activity, by providing the goals of money launderers and the steps of money laundering.

T2. RMLOs and Red Flags: This topic will teach the learner about the warning signs that money laundering is occurring, such as avoiding reporting or recordkeeping or suspicious branch activities, so that the learner will be able to recognize red flags of money laundering.

T3. RMLOs and Customer Due Diligence (CDD): This topic will introduce the learner to the policies and procedures known as Customer Due Diligence (CDD) by addressing the best ways that the organization can enact diligence in dealing with high-risk customers that require special diligence.

T4. RMLOs and Information Sharing: This topic will emphasize the importance of adhering to guidelines set by the USA PATRIOT Act in regard to the sharing of information with federal law enforcement agencies and between financial institutions.

T5. RMLOs: Your Role in AML: This topic will familiarize the learner with the responsibilities of the RMLO in anti-money laundering and will provide the learner with a list of questions the staff should keep in mind.

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