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 mary@theamla.com 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 Price: $ 75.00.

Contact Information: You may request the material by sending an e-mail to mary@theamla.com.

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