Ongoing training is vital for an effective AML/CFT program. Given the demands of day-to-day duties, however, it can be challenging for BSA officers and other financial crime compliance staff to find time for training and education on fraud and money laundering.
In addition, regulators expect that the training resources for helping staff handle their various roles and responsibilities will be tailored to their job functions within anti-money laundering/countering the financing of terrorism (AML/CFT) programs. This makes sense, given that a board member’s AML/CFT training needs are so different from those of a front-line compliance officer, for example.
Regulators expect financial institutions to have a formal BSA training plan, to be sure. But in between training activities, financial institutions can help keep AML and fraud staff up to speed on the latest trends by sharing AML/CFT and fraud resources with them.
Abrigo’s team of former bankers, BSA officers, regulators, and other experts this year produced 18 complimentary webinars on FinCrime industry hot topics, and they created more than 20 new checklists, whitepapers, podcasts, and guides to help AML and fraud staff.
Thousands of FinCrime professionals access these AML resources, which are developed specifically with the goal of making compliance staff’s lives easier.
Below are some of the most popular resources that helped financial institutions fight money laundering and fraud in 2022. The whitepapers, checklists, and guides cover everything from regulatory guidance to operational considerations.