Employee Training for MSBs

It is a federal requirement for MSBs to provide Anti-Money Laundering & Bank Secrecy Act training to all owners, officers. and employees of the business. This training should be provided to all newly hired employees. Subsequently, refresher AML/BSA training is required on an annual basis going forward. Training can be done in person or online.

MSB Solutions

Training will cover, at a minimum, the following:

General Compliance Overview

Patriot Act




What is money laundering?

Customer ID Program (CIP)

Monitoring Transactions

Suspicious Transactions & SAR’s


Reporting Thresholds

Monetary Instrument Logs

Currency Transaction Report


What is OFAC?

How to Comply?

All employees will be tested for knowledge after the class and upon passing, a certificate of completion will be provided to the document the successful participation in the training session.