Curriculum | AML & Fraud School

12:30 PM – 1:00 PM

Building connections: Networking

1:00 PM – 1:45 PM

Synergies between BSA/AML and fraud

AML and Fraud departments work to identify and stop financial crime. The fraud and money laundering departments should collaborate to expedite the overall compliance response and take a comprehensive approach to the illegal threats they confront. Learn the similarities and differences between AML and Fraud; and the purpose of each.

2:00 PM – 3:30 PM

What constitutes a fraud program?

Dive into the types of fraud, the four pillars of fraud and fraud customer education. We will also learn about fraud prevention/control, including Reg CC, Reg E, Reg Z, loan fraud, and Fannie Mae and Freddie Mac requirements. We will highlight SAR reporting requirements, liability, and recovery efforts outside of 314(b).

3:45 PM – 5:15 PM

What constitutes an AML program?

Dive into the elements of a well-designed risk based BSA/AML Program. We will learn about the fundamentals of determining a BSA/AML Risk profile based upon the size, complexity, or uniqueness of the organization.

12:30PM – 2:00 PM

OFAC Sanctions

This expert-led session offers a deep dive into the U.S. Treasury’s Office of Foreign Assets Control (OFAC) sanctions regime, tailored specifically for banking professionals. Taught by a current OFAC Compliance Officer and a former OFAC official, this session provides both regulatory insight and practical application, equipping participants with the tools to navigate the complex world of sanctions compliance.

2:15 PM – 4:00 PM

Fraud types and channels

This course will provide an in-depth understanding and discovery of the vast majority of fraud typologies and the associated red flags; as they relate to the financial services industry.

4:15 PM – 5:15 PM

Fraud technology

Fraudsters are leveraging advanced technology—from AI generated identities and deepfakes to automated bots and Fraud as a Service marketplaces—to scale and accelerate financial crime. This session gives AML and fraud professionals a fast-paced look at the tools enabling today’s most sophisticated attacks, how criminals use them, and what these trends mean for emerging risks and controls.

12:30 PM – 1:45 PM

Liability and recovery – Check and ACH

Fraud has occurred… but who is liable for the loss? It depends! This course will cover fraud loss liability regulatory requirements and industry standards as well as best practices for recovering funds.

2:00 PM – 3:15 PM

Liability and recovery – Reg E

This specialized training empowers fraud investigators, AML officers, compliance professionals, and operational staff to effectively navigate consumer liability and recovery protocols under Regulation E. Learners will gain an in-depth understanding of how federal AML/fraud frameworks integrate with electronic fund transfer rules—ensuring both robust fraud detection and consumer protections.

3:30 PM – 4:15 PM

What keeps you up at night?

An interactive session that allows students to speak with our faculty and board members about puzzling situations they have encountered and the best ways to deal with them.

12:30 PM – 1:45 PM

BSA types of higher risk products

We have all these products/services, which ones matter and what do I need to know? In this course, we will review the high-risk products and services and learn how they work and what the red flags and risks are within each product and service. This session will help you quickly understand how money will move throughout the processes and how to execute your reviews

2:00 PM – 3:45 PM

BSA types of higher risk customers

TPPP, PO ATM, PEP, PSP, NBFI, and more… so many acronyms for higher risk customers! In this course, we will demystify these acronyms, discuss different types of customer risk and help answer common questions. Who are my high risk customers? What’s the risk? What should I do to mitigate the risk?

4:00 PM – 5:00 PM

Case study on financial crime

Join law enforcement investigators for a fast paced walkthrough of a real financial crime case involving fraud, money laundering, and complex transaction patterns. Designed for BSA and Fraud Officers, this session highlights critical red flags, investigative insights, and how SARs and institution generated intelligence played a key role. Attendees will leave with practical takeaways to strengthen detection, reporting, and collaboration with law enforcement.

12:30 PM – 1:45 PM

BSA and fraud alert: Understanding and promoting the alert

You’ve received an alert. But what does it mean and why did it generate? Join us as we triage an alert together! In this course, we will explore the differences between BSA and Fraud alerts, learn how to read and interpret an alert, and look at various alert scenarios together. It’s your decision... should the alert be closed or further investigated? How much research should you do before escalating an alert? How can due diligence information help you disposition the alert? What internal processes and resources can be utilized during the alert triage process? This session will help you quickly identify red flags and challenge your risk-based decision-making skills when determining if an alert should be escalated vs closed.

2:00 PM – 4:30 PM

Weeding through the details and executing the investigation(s)

So you’ve determined an alert needs to be investigated further. Now what? No two investigations are exactly the same – the investigative process depends on the risks at hand. In this session, we will walk through various investigations and explore what questions to ask, things to consider, and ways to sharpen your investigative skills. We will learn how to analyze transaction patterns and challenge the information in front of you. We will also discuss common traps of the investigation.

11:00 AM – 11:45 AM

OPTIONAL ELECTIVE: AI-powered fraud: The new era of scams

12:30 PM – 1:30 PM

Performing an interview and communicating with others

We’ve reached the interview stage of the investigation. We will discuss techniques and best practices to help you get the information you need. To build confidence, we will put the skills learned to practice with mock interviews.

1:45 PM – 2:30 PM

Decisioning and documentation – BSA and fraud

You’ve finished your investigation! It’s time to decision and document your case. How much information is needed and who is going to look at it? In this course, we will discuss best practices for creating a sound investigation narrative and documenting your case file.

2:45 PM – 3:45 PM

SARS

When is a Suspicious Activity Report (SAR) required? This course will dive deep into SAR completion and filing requirements, such as important timeframes, information needed when filing a SAR, how to complete each section of the SAR form, how to properly report continued suspicious activity and when and how to correct or amend a SAR that has already been filed. Additionally, the course will discuss considerations for applying a risk-based decision when suspicious activity continues and considering when to exit a relationship and will cover the core principles that serve as the foundation of a sound SAR reporting process.

4:00 PM – 5:15 PM

How to complete a SAR

Filing a Suspicious Activity Report (SAR) is a critical responsibility for AML and Fraud professionals, serving as a cornerstone of financial crime detection and prevention. This session will provide a comprehensive, step-by-step walkthrough of the SAR completion process.

12:30 PM – 2:00 PM

Regulatory environment

Understanding the regulatory environment is critical to effectively managing BSA and fraud risk. This session provides a comprehensive overview of the key laws, regulations, and supervisory expectations that shape financial crimes compliance.

2:15 PM – 3:15 PM

Regulatory exams

Regulatory examinations are a critical component of a financial institution’s compliance lifecycle. This session demystifies the exam process for AML and fraud professionals, offering practical insights into how to prepare, respond, and thrive during regulatory scrutiny. Hear from our faculty about their experiences with exams and the different agencies. Get real life examples and techniques of how to make sure your program is up-to-date for your regulatory exams.

3:30 PM – 4:15 PM

CTR Reporting and Exemption Requirements and Basics

Is it $10,000.00 or $10,000.01? This course will provide an in-depth understanding of cash reporting requirements, including aggregation expectations, that trigger a Currency Transaction Report. The FinCEN CTR form will be dissected section by section to enable learners to gain knowledge about what is needed to accurately complete the form. CTR Exemption Phases (I and II) will be reviewed so learners will know if and when to consider exempting a customer from CTR reporting, along with a walk-through of the Designation of Exemption Form (DOEP) and filing, including annual review, requirements.

12:30 PM – 1:30 PM

How to Prevent Burnout and Reduce Stress in AML and Fraud Roles

Life as an BSA/AML Officer or Fraud Officer often feels frantic. We have multiple projects on our plate at a time, often items that are urgent. Our due diligence could be the reason fraud is caught or a bad actor is punished. While rewarding and often fun, our jobs can be also be challenging and exhausting. How do you prevent yourself from reaching the level where you feel like your hair is on fire? In this session, learn techniques to lower stress and help keep your job fun.

1:45 PM – 3:15 PM

The Investigator’s Toolbox: Key Tools to Build Self-Sustaining Skills to be Strong Professionals

In the fast-paced world of financial crime prevention, strong investigative skills are essential—but what sets apart truly exceptional professionals is their ability to grow, adapt, and sustain their expertise over time. This dynamic session is designed to equip AML and fraud investigators with a practical “toolbox” of techniques, resources, and mindsets that foster long-term professional growth and investigative excellence.

3:15 PM – 3:30 PM

Course Wrap-up