Bank Secrecy Act for Frontline Employees: 06. Review of Money Laundering Activities
8 min! Run Time
Employees
only
Provided
What you'll learn
Skills covered in this course
Description
Building on your knowledge of BSA/AML red flags, this course takes a deeper look at how money laundering actually unfolds and reviews the warning signs to watch for.
What this course covers:
- A review of common money laundering red flags
- How wire transfers are used to launder money
- Unusual account activity worth a closer look
- Why laundering is a layered process rather than a single transaction
Ideal for frontline banking staff reinforcing their money laundering awareness.
System Requirements
See System Requirements in the Coggno Knowledge Base
Author
Frequently Asked Questions
The course offers a review of common money laundering red flags, reinforcing what frontline staff have already learned about spotting risk across the earlier CTR, SAR, CIP, and OFAC courses they completed earlier in the series.
This module covers how wire transfers are used to launder money, giving learners a specific mechanism to watch for beyond cash-based transactions that earlier courses in the Frontline series focused on at the teller line.
The course points to unusual account activity worth a closer look, helping staff recognize patterns that may not be obvious from a single transaction but become clearer once viewed alongside a customer's broader account history.
Learners see why laundering is a layered process rather than a single transaction, so spotting one red flag may only reveal part of a larger scheme that unfolds gradually across several separate customer interactions over time.
This course suits frontline banking staff reinforcing their money laundering awareness after completing the earlier courses in the series, using a review format to tie the individual topics back together before moving to management-level material.
