AML Requirements for RMLOs

AML Requirements for RMLOs

Learn about the serious crime of money laundering and how to recognise the signs that it may be occuring.

Bankers Academy
Updated Jul 20, 2024

What you'll learn

  • An introduction to the crime of money laundering
  • About the warning signs that money laundering is occurring
  • Define customer due diligence procedures
  • The purpose and use of the Office of Foreign Assets Control of the U.S. Department of the Treasury
  • Familiarization by the learner with his/her role in RMLOs at the institution in regard to ensuring compliance with AML requirements
Course Description

This course will introduce the learner to the role of Residential Mortgage Lenders and Originators (RMLOS) in remaining compliant with all AML laws and regulations. The course will define money laundering and will familiarize the learner with the various aspects of AML, including red flags, customer due diligence, and information sharing policies.