AML Training Certification Class with John L. Commons, NYAMB Education Chair, Past President, & Instructor of SIRS AML Compliance Services
This training class will cover Federal, BSA/AML regulatory requirements applicable to the residential mortgage industry. After a brief history and explanation of AML regulations, the class will address the application of these regulations to the residential mortgage industry as contained in 31 C.F.R. §1029. Guidance and explanations given by the U.S. Treasury’s FinCEN division will also be presented. Examples of recent regulatory actions will also be reviewed.
The Anti Money Laundering Rule requires Mortgage Brokers to file reports with the US Treasury that have a high degree of usefulness in criminal, tax, or regulatory investigations including suspicious activity that may indicate mortgage fraud.
Members: $50.00 / Non-Members $100 / Registration for Residential Mortgage Brokers & their Loan Officers Only. No Affiliate or Lender registration permitted. Roll Call will be taken throughout. Participants must be logged in with their full name and will be verified.
Registration includes: AML E-Certificate of Completion
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Event Policy: no refunds or credits due to cancellation and no shows. No exceptions. All Sales are final. Returned checks are subject to additional bank & administrative fees. Certificates are issued to Residential Mortgage Brokers & Loan Originators directly by 3rd party vendor.