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Every day in your branches are situations which are considered "suspicious" and may even put your employees and customers into what we will call a "felony moment". If you customer asks "Should I deposit this large amount of money or what?" The answer your officer/teller gives may encourage the customer to structure and that is a problem for both the customer and the employee. This program will answer over 25 commonly asked frontline questions and it will go over the red flags for money launder for deposits and loans. You won't want to miss this fun frontline approach to red flags and your anti-money laundering program.
What you will learn:
- What is structuring? Is it a crime?
- How can I talk to my customer about currency without getting into a "felony moment"?
- The money smells like marijuana. Is this something I should be concerned about?
- The customer told me that she is hiding money from the IRS, should I tell BSA?
- What are the Red Flags for Elder Abuse?
- What are some of the scams for loans and mortgages?
- What are the Red Flags for Identity Theft?
- When do we tell the BSA officer and what should we use to communicate?
- Sample Incident reports for operations, loans and branches
- The customer washed and ironed the money. Is this suspicious?
- The customer had me count out $15,000 cash and then went to safe deposit box, should I let BSA know?
- We did not book the mortgage loan so why should I tell BSA that the identification and TIN did not match?
Red Flags for Money Laundering--Frontline annual training
Questions and Answers