BSA/AML Officer Certification
Protect your institution from costly violations: Complete BSA/AML Officer Certification
Timothy Dunfey
What You'll Walk Away With
- File accurate SARs within deadlines
- Conduct compliant customer risk ratings
- Navigate regulatory exams with confidence
- Implement effective transaction monitoring systems
- Handle OFAC sanctions requirements properly
- Document CIP verification procedures correctly
- Manage BSA audit findings effectively
- Structure CTR reporting requirements accurately
- Develop risk-based due diligence processes
Course Outline
Session 1: Introduction to and Overview of the Bank Secrecy Act (BSA)
- Federal regulators and enforcement agencies (OCC, FRB, FDIC, FinCEN)
- BSA, USA Patriot Act, and OFAC regulatory framework
- Financial institution compliance obligations and penalty exposure
Session 2: BSA Reporting Requirements and Deadlines
- Currency Transaction Reports (CTR) $10,000+ threshold and exemptions
- Suspicious Activity Reporting (SAR) 30-day filing requirements
- Information sharing (314a, 314b) and government list screening
Session 3: Patriot Act I – Five Pillars of AML
- BSA officer authority, independence, and board reporting
- Independent audit requirements and finding remediation
- Training programs and policy documentation standards
Session 4: Patriot Act II – Customer Due Diligence and Risk Rating
- Customer Identification Program (CIP) verification and record retention
- Customer risk rating matrices and enhanced due diligence (EDD)
- Beneficial ownership collection and ongoing monitoring requirements
Session 5: Risk Assessment and Transaction Monitoring Systems
- AML risk assessment methodologies and governance structures
- Transaction monitoring system tuning and alert investigation
- OFAC sanctions compliance and 120-hour blocking procedures
Earn Your Certification
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Meet the Expert
Timothy Dunfey
As a financial services attorney and risk management professional, Timothy Dunfey helps financial institutions of all sizes navigate their most complex challenges. With over 20 years of experience in management, sales, operations, and compliance, he offers a wide range of services to help clients assess and address regulatory risks, develop new products, negotiate contracts, and implement effective risk mitigation strategies.
His distinguished career includes serving as a Compliance Officer at Citibank, where he oversaw enhanced due diligence for the highest-risk customers, and as a Deputy BSA Officer at Great Florida Bank. As a consultant, he has represented boards regarding regulatory deficiencies, managed numerous financial crimes compliance projects, and conducted audits and risk assessments for a wide variety of financial institutions.
Who Should Attend?
Training Includes
The BSA/AML Officer Certification course includes the following:
Course access and recordings
Access your course and any included recordings through your customer dashboard
Course materials
Includes PDFs of the presentation and any additional resources provided by the expert presenter
Certificates and exams
- Certificate of attendance included with all courses
- Certification courses include one exam attempt
- Successful graduates will receive an official certification along with verified digital credentials
Class experience
- Live sessions are small and focused to support questions and discussion
- Self-paced on-demand courses allow you to move through the material on your own schedule
