Explain the purpose and key U.S. regulatory bodies involved in name screening, including OFAC and FinCEN

Identify the types of sanctions lists and high-risk entities that must be screened under U.S. AML regulations

Differentiate between true, potential, and false-positive matches, and apply appropriate escalation procedures

Apply practical screening procedures and documentation standards to ensure compliance and audit readiness

Explain CIP requirements under the Bank Secrecy Act and distinguish CIP data collection for persons vs. business entities

Identify situations that trigger CIP and require customer information, and apply the four-step CIP workflow under BSA requirement

Apply CIP procedures, including verification, beneficial ownership, and documentation

Demonstrate appropriate actions when CIP cannot be completed, or fraud is suspected

Explain the role of Currency Transaction Reports (CTRs) under the Bank Secrecy Act, including key regulatory agencies and compliance terminology

Identify when a cash transaction meets CTR reporting requirements, applying the $10,000 threshold and aggregation rules accurately

Demonstrate the steps required to collect, document, and retain customer and transaction information for compliant CTR filing and recordkeeping

Recognize structuring patterns and other red flags that may indicate attempts to evade CTR reporting requirements

Identify when suspicious activity or attempted transactions meet reporting thresholds and require STR/SAR filing

Recognize common red flags, risk indicators, and behaviors associated with potential financial crime, including MSB-specific warning signs

Demonstrate the steps required to document, file, and retain STR/SAR reports while avoiding illegal customer tip-offs

Describe how STR supports U.S. AML and anti-terrorist financing rules, including key regulators and reporting obligations

Define electronic fund transfers and identify when Regulation E applies

Describe consumer rights, liability limits, and error resolution procedures under Regulation E

Explain how ESIGN supports valid electronic authorizations and digital disclosures

Implement correct procedures to manage EFT disputes and recurring payment authorizations

Describe the purpose of the SAFE Act and the differences between federal registration and state licensing

Identify who must be registered as an MLO under Regulation G

Outline institutional responsibilities for policies, procedures, monitoring, and annual testing related to MLO registration

Locate and correctly use NMLS unique identifiers in communications and disclosure

Explain the purpose of Regulation H and how it supports SAFE-compliant state licensing

Describe licensing and registration expectations for state MLOs, including education and testing

Identify ongoing obligations (renewals, updates, reporting) through NMLS

Recognize how state-specific rules interact with federal SAFE requirements