Table of Contents

AML Compliance for Managers of Retail Grocers

Course Code: 02G1R0.3

Overview:

This course has been designed specifically for managers and compliance officers of retail grocers.

Unfortunately, criminals are known to abuse money services such as check cashing, money transfers, prepaid stored value cards, money orders and other transactions to launder illegal funds. The USA PATRIOT Act requires that all organizations who perform these types of transactions implement anti-money laundering (AML) programs to detect suspicious activities and deter money laundering.

This course will help you understand these requirements so that you know your responsibilities and can help run your store's AML compliance program. This course will also let you know what you, and your employees, must do to maintain compliance and be aware of your federal transaction reporting requirements.

Duration: 1 hour

Objectives:

• Recognize the need for mandatory AML programs in retail grocers
• Recognize the role the Patriot Act and other AML laws play in the fight against money laundering, including:
  • Why maintaining written policies and procedures is necessary
  • The specific functions and responsibilities of the compliance officer
  • The elements of a proper employee training program
  • What the independent review process consists of and who can perform the review
• Recognize when and why it is necessary to fill out a CTR and what is required to complete the report.
• Detect suspicious transactions and money laundering schemes and apply correct procedures when they are encountered.
• Adhere to record keeping requirements.
• • Discuss the penalties associated with money laundering violations.

If you want to purchase over 50 seats to this course please contact us for special discount pricing.

Price: $40.00