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USA PATRIOT ACT
Course Description: The USA PATRIOT Act has applications in almost all areas of the
financial world. In this course students will learn the key
aspects of the Act and what is needed to implement its provisions.
Students will also learn how this affects the sharing of certain types
of information between financial institutions and law enforcement
officials to identify transactions that may involve terrorist activity
or money laundering..
Audience:
Bank personnel with deposit function responsibilities.
Learning Objectives:
After completing this course, students will be able to:
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Describe the purpose of the USA PATRIOT Act
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Describe the types of accounts that pose the greatest
risk to the bank for potential use by terrorists or those who fund
terrorist activities
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Explain the required procedures for at risk accounts
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Describe the records that the bank must maintain
regarding foreign correspondent and private banking accounts
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Explain how to respond to requests for information
from FinCEN
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Describe the process for sharing information with
other financial institutions
Credit:
ICB: 1.25
Prerequisites:
There are no prerequisites for this course. However, a familiarity
with general banking practices, either in deposit, operations, or
lending functions is valuable.
Delivery Methods
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