AML-SARS (The Bank Secrecy Act) Compliance Course

This 43-minute course provides mortgage loan originators with a clear understanding of Anti-Money Laundering (AML) and Suspicious Activity Reporting (SAR) requirements, as mandated by FinCEN for non-bank lenders and originators. Participants will learn how to design and implement effective AML programs tailored to their company’s size, scope, and complexity. The course also equips MLOs with the skills to identify suspicious activities and red flag indicators of mortgage loan fraud, helping to ensure compliance with AML regulations and protect the integrity of financial transactions.

• Money Laundering in the Mortgage Industry;
• AML Laws;
• AML Programs;
• Suspicious activity related to mortgage loan fraud.
• Possible Red Flag Indicators of Mortgage Loan Fraud.
• Suspicious Activity Reporting (including reports by loan or finance companies, filing & notification procedures, retention of records, essential elements of suspicious activity, & currency transaction reports);
• Currency Transaction Reports;
• SARS & the Mortgage Industry;
• The USA Patriot Act;
• Information Sharing under The USA Patriot Act;
• Customer Identification Programs;
• Compliance;