BSA/AML Analyst Training Matrix (by Topic)

Training Priority

Step Titles

Must Know

AML Defined
​AML Rules and Regulations
​Mastery Test: AML
​Resource: What is Anti-Money Laundering
​Resource: The Three Stages of Money Laundering
​Stage 1: Placement
​Stage 2: Layering
​Stage 3: Integration
​The Lowdown on Money Laundering

Training Priority

Step Titles

Must Know

Background of the BSA
​Resource: Currency Transaction Report
​FBAR: What Needs and Doesn't Need to Be Reported
​Resource: Foreign Bank Account Report
​Mastery Test: Bank Secrecy Act 101
​Mastery Test: Bank Secrecy Act 102
​Resource: Other Reports
​Other Reporting Requirements
​Resource: Background and History of the BSA
​Resource: Suspicious Activity Report
​The Ins and Outs of Currency Transaction Reporting
​The Ins and Outs of Suspicious Activity Reporting

Training Priority

Step Titles

Must Know

Identifying Red Flags
​Resource: Identifying Red Flags and Transactions
​Mastery Test: Identifying Red Flags
​Mastery Test: OFAC
​OFAC's Settlement With Standard Chartered Bank
​Other Transactions and Customer Accounts
​Overview of OFAC
​Red Flags: Customer Accounts
​Red Flags: Nature of Business, Origination of Funds, and Clients
​Red Flags: Other Transactions
​Red Flags: Transactions 1
​Red Flags: Transactions 2
​Resource: OFAC Authority and OFAC's Settlement with Standard Chartered Bank
​Responsibilities and Obligations
​Specially Designated Nationals (SDNs)
​The Ins and Outs of OFAC's Authority

Training Priority

Step Titles

Must Know

FinCEN's Scope and Mission

Training Priority

Step Titles

Must Know

Code of Ethics: Overview
​Core Principles of a Code of Ethics
​Ethical Challenges
​Mastery Step: Code of Ethics
​Overview: Conflicts of Interest
​Regulations and Ethical Compliance
​Regulatory Framework for Managing Conflicts of Interest
​Resource: Importance, Regulations and Ethical Compliance, and Ethical Challenges
​Resource: Introduction and Core Principles
​Resource: Overview and Types of Conflicts of Interest
​Resource: Regulatory Framework, Impacts, and Best Practices for Managing Conflicts of Interest
​Types of Conflicts of Interest