Professional Designation Course II
Bank Secrecy Officer Compliance Program

Audience: AML/BSA Compliance Professionals, Auditors, Consultants, Academia Students, Analysts, Government, Law Enforcement, Legal, and others involved in BSA/AML

Level II: Advanced

Pre-requisite: Must be Level I Certified. Working in the field of compliance, legal, or a student. Must be a member of the AMLA (membership is free).

Duration: Self-Study Course. Must complete entire program and test within 90 days. There are no travel costs or valuable time spent away from the office.

Program Purpose: The level II program covers the evolving role of a compliance officer, includes international standards, foreign corrupt practices, due diligence and enhanced due diligence.

Course Logistics

Cost: AMLA Members: $550.00/$620.00 per program. Group discounts are available for 5 or more programs.

Additional Options: Purchase individual training lessons in a recorded webinar format with PowerPoint presentation. Each webinar lesson may be purchased at an additional cost of $50.00 each. You may purchase all 6 lessons for $550.00. The lessons are an overview and should not be a substitute for the entire program content.

Credits: Earn 12 hours of credits

Delivery of Material: The course content manual will be delivered within 10 days of receipt of funds.

You may request the course content in PDF instead of a manual. No additional cost.

You may purchase the lessons in a package or individually.

Mail: Check payable to The Anti-Money Laundering Association, 127 W. Fairbanks Ave., Suite 105, Winter Park, Florida 32789.

Upon satisfactory completion, you will receive the professional designation certificate for a Certified Bank Secrecy Officer-II (CBO-II).

Examination: A passing score of 80% will be required to obtain the professional designation certification. The test will be provided upon request to on the day you plan to take the test. The test consists of 50 questions (multiple choice and true/false). You will have a 2 hour window to complete the examination and return to our office. It must be returned the same day initiated to be valid.

Re-Take Examination: Each participant will be allowed to re-test for a minimum cost of $50.00. The re-take must be completed within 30 calendar days of the last exam date. If you do not pass the re-take then you will be required to pay the full cost of the CBO program. The same test will not be offered with a new CBO self-paced program.

Professional Designation Requirements: To use the professional designation of CBO-Level II (Certified Bank Secrecy Officer) you must be an active member of the AMLA and may use the designation in your title, on business cards, and correspondence.

Annual Credits: You will be required to maintain and submit 12 credit hours of BSA/AML related training per year from any recognized organization of your choice.

Annual Renewal Fee: The cost to renew is $75.00 per year. The annual renewal date is January 2nd. A late fee of $25.00 will be charged if payment is not received within 5 days of the due date. Please send in your renewal payment with your continuing education credits of 12 hours. You may pay online at our AMLA Product Store using a credit card. Simply click on the product CBO Annual Renewal Fee

Contact Information: You may request the material by sending an e-mail to

Course Content Outline

Lesson 1-The Evolving Role of BSA/AML Compliance

  • Compliance Officer & Global Standards
  • AML Systems & Data Validation
  • Documentation Standards
  • Ethics & Code of Conduct

Lesson 2-BSA/AML Compliance Program

  • Regulatory Requirements
  • Program Structure Types
  • Compliance Independence
  • Management and Oversight
  • Training
  • US Operations Foreign Banking Organizations
  • Lessons from Program Weaknesses and Deficiencies
  • Best Practices for Consideration

Lesson 3-Enhanced Due Diligence Measures

  • Non-Resident Aliens & PEPs
  • Third Party Payment Processors
  • MSBs & Agents
  • Prepaid Cards
  • Mobile and e-Payments
  • Electronic Banking (RDC, Wire Transfers, ACH)
  • Correspondent Accounts

Lesson 4-Case Studies & Strategies

  • Third Party Payment Processors
  • Mortgage Fraud
  • MSBs
  • Broker Dealers

Lesson 5-Suspicious Activity Report (SAR)

  • Recent Changes
  • Best Practices for Completing an Excellent SAR
  • Properly Documented Investigations
  • How to Handle Legal Requests for a SAR

Lesson 6-USA Patriot Act

  • Section 311-Special Measures
  • 314a –How to Handle a Hit
  • 314b- Best Use of the 314b Process

Lesson 7-Review Questions