FinCEN Anti-money Laundering & Red Flags Refresher Course for Non-banks 2016



FinCEN Anti-money Laundering & Red Flags Refresher Course for Non-banks 2016


FinCEN Anti-money Laundering & Red Flags Refresher Course for Non-banks 2016

Enroll with PhonizeMedia for hassle-free Annual FinCEN Anti-money Laundering Training.

Each year, billions of U.S. dollars are illegally concealed and profited upon. As a mortgage professional, it is critical to understand the process of money laundering, how to identify red flags, and how to report suspicious information or activity. This year, the Financial Crimes Enforcement Network (FinCEN), a bureau of the U.S. Treasury Department, is requiring non-bank residential mortgage lenders and originators to establish anti-money laundering programs, which must include an ongoing training program.


“The FinCEN Anti-Money Laundering & Red Flags Refresher Course for Non-banks” is a 40 minute, online course covering the fundamentals of anti-money laundering and suspicious activity reporting. It describes money laundering and terrorist financing, reveals red flags, reviews the Bank Secrecy Act and the USA PATRIOT Act, discusses Suspicious Activity Reporting requirements, and more. This course has interactive components throughout the course, and a final exam to test your knowledge. A Certificate of Completion is provided upon successful completion.

  • Meet the FinCEN AML training requirement
  • Online lessons you can take anywhere, anytime on any device
  • Fast and reliable certificate processing
  • 24/7 course access, plus help when you need it


(This is a professional development course and is not NMLS-approved, nor will your course completion be reported to any regulatory body.)


Upon completion of this course, students will be able to:

  • Identify the policies and procedures and compliance requirements of the Bank Secrecy Act, Anti-money Laundering, and Suspicious Activity Reports.
  • Define what is required to submit a Preliminary Suspicious Activity Report, a SARs, and various other requirements under the Bank Secrecy Act.
  • Know AML & SAR Reporting requirements for RMLOs under the FinCEN Rule.
  • Understand the role of AML programs and SARs in fighting mortgage fraud and preventing losses.
  • Be able to identify indicators of suspicious activity, including mortgage-specific red flags of particular interest for individual job functions.
  • Understand the role and responsibility of the AML Compliance Officer.
  • Define what triggers a SAR filing and how and when to file a SAR.
  • Know the risks and penalties for violating BSA/AML requirements.


  • All non-depository mortgage lender employees
  • Mortgage fraud specialists at non-depository mortgage lenders
  • Operations, compliance, internal audit, and legal personnel

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