Employee Training for MSBs
Last updated May 28, 2026
It is a federal requirement for MSBs to provide Anti-Money Laundering and Bank Secrecy Act training to all owners, officers, and employees of the business. This training should be provided to all newly hired employees, and refresher AML/BSA training is then required on an annual basis going forward. Training can be done in person or online.
Training covers, among other topics:
- Patriot Act
- Bank Secrecy Act (BSA)
- Anti-Money Laundering (AML)
- What is money laundering?
- Customer Identification Program (CIP)
- Monitoring transactions
- Suspicious transactions and SARs
- Reporting thresholds
- Monetary instrument logs
- Currency Transaction Reports
- What is OFAC?
- How to comply
All employees are tested for knowledge after the class and, upon passing, receive a certificate of completion documenting their successful participation.
Schedule training for your team.