Southeast Regional Center for Financial Training, Inc                            

AIB USA Patriot Act (AIB-7031)

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The USA PATRIOT Act has applications in almost all areas of the financial world. In this AIB course students will learn the key aspects of the act and what is needed to implement its provisions. Students will also learn how this act affects the sharing of certain types of information between financial institutions and law enforcement officials to identify transactions that may involve terrorist activity or money laundering.

Delivery Options

Self-Paced Online

Audience

Bank personnel with deposit function responsibilities.

Learning Objectives

   At the conclusion of the program participants will be able to:

• Describe the purpose of the USA PATRIOT Act
• Describe the types of accounts that pose the greatest risk to the bank for potential use by terrorist activities
• Explain the required procedures for at risk accounts
• Describe the records that the bank must maintain regarding foreign correspondent and private banking accounts
• Explain how to respond to requests for information from FinCEN
• Describe the process for sharing information with other financial institutions.

Enrollment Form

Download and print an enrollment form from here, complete and fax to 904-354-1834.