Money Service Business (MSB) Anti-Money Laundering Training

A level set on why anti-money laundering (AML) training and awareness matter, using real-world examples to show how close everyday employees can be to financial crime.

Defines money laundering and walks through the placement, layering, and integration stages, so learners can recognize how illicit funds move through legitimate businesses.

Outlines the core US money laundering laws, including the Bank Secrecy Act, the USA PATRIOT Act, and the AML Act of 2020, and explains how each shapes an MSB’s obligations.

Explains trade-based money laundering, including over- and under-invoicing and false documentation, and shows how criminals disguise illicit value through international trade.

Connects anti-money laundering with countering the financing of terrorism (CFT), clarifying how the two differ and why MSBs play a role in detecting both.

Breaks down what a healthy Know Your Customer program includes, why it matters, and defines key concepts like beneficial owner, CIP, CDD, and EDD.

Focuses on the obligations specific to money service businesses, including FinCEN registration, maintaining a written AML program, and recordkeeping duties such as the funds transfer Travel Rule.

Gives frontline staff concrete tactics for spotting and responding to common red flags, including structuring and suspicious customer behavior, during day-to-day transactions.

Surveys evolving threats such as virtual currency, prepaid access products, and new payment technologies, and explains how launderers adapt to exploit them.

Covers Bank Secrecy Act requirements for monitoring customer activity, including when and how Suspicious Activity Reports (SARs) and Currency Transaction Reports (CTRs) are filed.

Lays out the real consequences of AML failures, from civil and criminal penalties to reputational harm, reinforcing why each employee’s vigilance counts.