Anti-Money Laundering

XYZ Bank University Anti-Money Laundering Awareness Training

XYZ Bank University View Course or Take Assessment • In an effort to streamline Compliance Training for our associates, you have the opportunity to demonstrate your current knowledge of the course content by completing the assessment upfront. • If you would like to move straight to the assessment without reviewing the content of the course, click the Take Assessment button • Please note that if you receive a score below passing (i.e. 80%), you will be required to review and complete the course content before attempting the assessment again. • If you wish to review the course material before attempting the assessment, click the View Course button. Take Assessment View Course

XYZ Bank University Objectives • Recognize key terms of Anti-Money Laundering regulations including the Bank Secrecy Act (BSA), Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act (USA PATRIOT Act), and controls imposed by the Office of Foreign Assets Control (OFAC)sanctions regulations. • Understand XYZ Bank’s obligations under these regulations • Identify how AML regulations impact business operations • Recognize your duties under XYZ Bank’s AML Policy.

XYZ Bank University Introduction: Anti-Money Laundering • Because money laundering techniques continue to evolve, there is no single method to detect it in banks and other financial institutions. There are, however, a variety of methods that can be used to identify and prevent money laundering, as well as procedures that must be followed to comply with reporting and record keeping requirements of AML laws, including the Bank Secrecy Act (BSA), the USA PATRIOT Act and other statues and regulations. • XYZ Bank’s AML Compliance Program defines: • Procedures to follow when obtaining and verifying a new customer’s identification • Activities that are considered suspicious, and Suspicious Activity Report (SAR) filing requirements. • Additional recordkeeping and other requirements under the BSA and USA PATRIOT Act. NEXT PREV

XYZ Bank University What is Money Laundering? • Money Laundering is the process of concealing or disguising the existence, illegal source, movement, destination or illegal application of property or funds obtained from criminal activities and making them appear legitimate. • Most criminal activities are motivated by one thing; money. Money laundering occurs when and individual attempts to use money associated with criminal activity in a legitimate financial transaction • In its simplest definition, Money Laundering is the act of converting “DIRTY” money into “CLEAN” money. NEXT PREV

XYZ Bank University FAQs: Terrorist Financing • Here are some important FAQs about terrorist financing. • Click the questions below to learn more. Click the Next button when you are done • How much money is needed? • Where do the funds come from? • What kinds of activities are involved? • What other organizations may be involved? • What other ways do terrorist organizations disguise their activities? NEXT PREV

XYZ Bank University Introduction: • This assessment is a knowledge test that will measure your retention of the training content and materials • Duration: Approximately 10 minutes • Mastery: An 80% mastery is required for completion. You will receive your score immediately upon completion of the assessment. • Do not click the browser Back button during this assessment. • Click the Next button to continue. NEXT

XYZ Bank University Instructions • The assessment is composed of the following item types: • Multiple Choice: select one option. • True/False: select one option Click the Next button to begin NEXT PREV

XYZ Bank University Which is not a stage of money laundering? • Restitution • Integration • Layering • Placement 1 of 10 SUBMIT

XYZ Bank University The Bank Secrecy Act requires banks to report transactions greater than _____ • $ 15,000 USD • $ 2,000 USD • $ 5,000 USD • $ 10,000 USD 2 of 10 SUBMIT

XYZ Bank University Score • You have completed the assessment. • Your score is _____ NEXT

XYZ Bank University Thank you! • Do not forget to close the browser and logging out to maintain privacy EXIT

XYZ Bank University Instructor-led training session • This session will include • Systems training • Role-playing • Quizzes, Question & Answers

XYZ Bank University Systems training • Employees will be taught specific system skills. • Employees will be walked through the computer system that is used for AML procedures.

Role-playing • How to Use Role Playing It is easy to set up and run a role-playing session. It will help to follow the five steps below. • Step 1: Identify the Situation To start the process, gather people together, introduce the problem, and encourage an open discussion to uncover all of the relevant issues. • Step 2: Add Details • Step 3: Assign Roles Employees will act as employee and/or manager • Step 4: Act Out the Scenario Employee will be asked to file a SAR (Suspicious Activity Report) and explain to his manager. Step 5: Discuss What You Have Learned

Quiz, Questions & Answers • The session will end with an informal quiz about important terminology and procedures • Q & A session will conclude the training

Anti-Money Laundering