Anti-Money Laundering – USA

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Course Description

In an increasingly interconnected world economy, organizations of all sizes are becoming increasingly vulnerable to being used for money laundering and terrorist financing. Since financial institutions are particularly susceptible, they face wide-ranging reporting and monitoring requirements under federal law.

GRC Solutions’ Anti-Money Laundering course equips staff to respond to these challenges, by helping learners to identify common money laundering techniques, such as placement, layering, and integration, and to apply strategies for protecting your organization.

This course explores the risk that money launders pose, outlines the KYC and due diligence obligations of financial institutions, and explains requirements under terrorist financing law. We also give learners practical tips on how to assess customer risk and monitor suspicious activity.

This coursecovers topics from initial customer identification procedures to development and implementationof anti-money laundering programs.

There are plenty of examples, case studies, and scenarios. The design uses rich, interactive visuals that highlight the key concepts without overwhelming or distracting learners.

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Who is this training for?

This training is suitable for employees of financial institutions that offer: bank account-related services, loans or finance, currency exchange, investment banking, credit cards and money instruments, insurance, or securities, futures, or commodities trading.

Scenario

Robert Howard comes into ABC Bank and wants to deposit $25,000 into his account. He has been a customer of ABC Bank for 25 years and has always been classified as low-risk.

But recent transaction monitoring by ABC Bank has revealed large amounts of money being withdrawn out of his account. Some of the money has been transferred to low-interest accounts and then withdrawn to be used. These withdrawals are unusual for Robert’s account, which has had little activity for 25 years.

The only information ABC Bank possesses about Robert is that he owns two restaurants, a nightclub and a car wash.

What level of money laundering risk does Robert pose?

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Course Outline

  • Module 1: Introduction to money laundering
  • Module 2: The risk of money laundering
  • Module 3: KYC obligations
  • Module 4: Suspicious and threshold transactions
  • Module 5: Terrorist financing

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California Consumer Privacy Act (CCPA)

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Course Description

The California Consumer Privacy Act (CCPA) is a law effective from 1 January 2020 that enhances consumer privacy rights. To comply with these new requirements, employees from any company that collects personal data from California residents, does business in California and meets the revenue or data collection thresholds must know how to act on their legal obligations.

Scenarios and case studies appear throughout the lessons, helping to place the training into a vivid practical context. The course contains a fresh look and feel that is intended to maximize learners’ active engagement throughout the training, without distracting them from the key concepts.

This two-module course covers what the scope of the CCPA is, categories of personal data affected and your obligations in relation to the six consumer rights that underpin the legislation.

Who is this training for?

The training is suitable for staff at any level of an organization that comes in contact with private information or could be at risk of breaching California privacy laws.

It is designed to cater for a diverse audience and all levels of staff, addressing all of the legal content in plain language.

For more information on other GRC Solutions’ privacy training resources:

Australia

Privacy – Covering the Privacy Act and the Australian Privacy Principles

Privacy for Schools – Covering the Privacy Act and the Australian Privacy Principles as they apply to schools

Health Privacy – Health businesses collect and maintain sensitive personal information

Australia – Financial Services

Financial Services Privacy Training – covering the Privacy Act and the Australian Privacy Principles

Credit Reporting – covering the Credit Reporting Act

Health Privacy

New Zealand

Privacy – New Zealand – covering privacy in New Zealand under the 2020 updates to the law

Europe

General Data Protection Regulation – covering the GDPR – which has global implications

Singapore

Data Protection Singapore – covering the Personal Data Protection Act 2012 and also the implications of the GDPR

Malaysia

Data Protection Malaysia – covering the Personal Data Protection Act 2010 and also the implications of the GDPR

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Course Outline

  • Module 1: Introduction to the California Consumer Privacy Act (CCPA)
  • Module 2: Consumer Rights